» WhiteBIT Coin (￥WBT)

Market Cap: $1.634 billion

24-hour Trading Volume: $7.3493 million

WhiteBIT Coin (WBT) — native asset of the largest European cryptocurrency exchange — WhiteBIT.

The price of WBT has increased by 255% over the past year.

WhiteBIT Coin positions itself as a 'traditional investment option'. While other utility altcoins operate based on token economics, WBT takes a different approach by unlocking unique services within its product ecosystem.

Apart from user benefits, WhiteBIT Coin is primarily a crucial component of the WB Network - WhiteBIT's native blockchain, designed to ensure greater scalability and faster operational processes for exchanges.

In short, the main goal of WB Network is to enhance the overall user experience several stages further by increasing TPS and reducing fees.

Nevertheless, token economics does apply to WhiteBIT Coin — through burning, its supply and demand remain within the range of $5.70, purely defining the asset as a utility token.