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One of the leading European cryptocurrency exchanges WhiteBIT will issue its own digital assets WhiteBIT token (WBT) on the Ethereum (ETH) blockchain.
From August 14 to August 31, the company plans to sell 1 million WBT at a price of $ 1.9 per token. The minimum purchase amount is limited to $47.5 (25 WBT). As a result, the owners of the virtual currency:
- Receive a higher reward for attracting referrals and a discount on the commission for trading operations;
- They will be able to withdraw coins of the ERC-20 standard for free and pass the AML test.
WhiteBIT will take an example from the Binance exchange and will spend part of the profit on the redemption of WBT for the subsequent burning of tokens. Therefore, theoretically, the rate of digital assets should gradually grow due to a decrease in the number of coins in circulation.
Now WhiteBIT is holding a contest with a prize fund in WBT tokens in the amount of $ 50,000. To earn a prize, you need to complete one or more tasks, for example, register on the company’s website and download the application. The exchange will distribute cryptocurrency among all participants of the promotion depending on the number of points they have scored.
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