The market of digital assets is expanding regardless of the overall drop in 2022. We can see that large and established crypto trading platforms still work and allow traders to earn in this market. Trading strategies are not only about buying coins at a low price and reselling them at a higher value – but there are also options to make a profit on the dropping market, and experienced traders use them successfully.
One of the biggest European exchanges – WhiteBIT – released its token WBT, at the end of the summer of 2022. This token has grown in value over a short period of time, drawing the attention of investors and traders. Now it is among the promising 5 crypto assets to buy in 2023. Let’s discuss the features of the WhiteBIT token.
The asset was released by the WhiteBIT cryptocurrency exchange, and it brings many benefits to its users. For example, the number of assets issued is limited, and the platform implements a burning mechanism for tokens weekly to keep the level of demand and not to allow the price to drop. As of mid-November 2022, the WBT price is $5.3.
½ of all tokens issued are blocked to maintain liquidity, and they will be gradually unlocked during the following 3 years. The WBT holders get reduced transaction fees and additional earning options. Other projects can use the WBT utility token for the development of their products. WhiteBIT is open to new partnerships and collaborations. Many young and promising projects have joined the WhiteBIT family, and their tokens can be purchased on the WhiteBIT and Huobi exchanges.
To learn more about WBT and other tokens, read our WhiteBIT Blog. It is a valuable resource with useful instructions on trading and articles on cryptocurrency topics. The WhiteBIT Blog contains many interesting projects and their descriptions.
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