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WhiteBIT Coin (WBT), the native cryptocurrency of the WhiteBIT exchange, is celebrating its third anniversary with performance numbers that stand out in a turbulent year for digital assets. While many altcoins have struggled with sharp price swings, WBT has maintained a steady upward trajectory since its launch in 2022.
According to CoinGecko, WBT has gained over 300% in the past year, climbing from around $30 to recent highs above $50. Even after reaching its all-time high, the coin remains only about 15% lower, avoiding the deep post-rally corrections of 50% or more that are common across the sector. This resilience has helped position WBT among the most stable exchange-linked assets.
Utility as the Core Driver
WBT’s strong market performance is tied to its integration within the WhiteBIT ecosystem. Holders benefit from lower trading fees, early access to new project launches, enhanced crypto lending returns, and other exchange-linked advantages. Beyond the platform, WBT’s use expanded in 2024 with the launch of the WhiteBIT Nova debit card in partnership with Visa, enabling global ATM withdrawals, direct crypto spending, and cashback rewards in WBT or BTC.
Deflationary Tokenomics Supporting Value
With a fixed supply of 400 million, WBT follows a deflationary model. Each week, 33% of WhiteBIT’s trading fee revenue and 5% of other income are used to buy back and burn coins, gradually reducing circulation and supporting long-term value.
Year four and beyond
With its combination of stable market performance, practical benefits, and disciplined supply model, WBT appears well-positioned as it enters its fourth year. In a market often driven by short-term hype, WBT’s track record shows the potential for a more sustainable approach to coin growth and adoption.
