Ukrainian cryptocurrency exchange launches its own cryptocurrency

The well-known Ukrainian cryptocurrency exchange WhiteBIT has announced the official launch of its own blockchain and digital asset — WhiteBIT Coin (WBT). The company’s representatives told more about WB Network and WBT on the official WhiteBIT website.

The WB Network blockchain is based on the Proof-of-Authority (PoA) consensus algorithm. «Its stable and secure infrastructure is provided exclusively by trusted nodes that act as validators ,» the exchange representatives explained.

The base coin of the blockchain is WhiteBIT Coin (WBT), also known as WhiteBIT Token (WBT). Thanks to the WB Network, WhiteBIT users will receive more benefits, including the WB Soul Ecosystem, which allows users to recreate their own personality in the blockchain environment.

Almost a year ago, WhiteBIT presented its roadmap and WhiteBIT Token. And this year, users took part in a retrodrop in honor of the launch of the main WB Network. 100,000 WBT were distributed among 17,500 participants.

«The release of the WB Network is a crucial event for both the WhiteBIT team and the entire crypto community. Thanks to our own blockchain, we have created a stable infrastructure for new crypto ideas and opened up new opportunities for interaction with decentralized technologies. And we are not stopping there! » WhiteBIT representatives emphasized.