What is WhiteBIT Coin? WhiteBIT Coin, or WBT, is the native utility token of the WhiteBIT ecosystem, supporting exchange benefits, Whitechain transaction fees, loyalty programs, and blockchain applications. It is an exchange-linked crypto asset rather than an independent Layer 1 network, although it serves as the native gas token for Whitechain.
Core technology and blockchain architecture
WBT is deployed as an ERC-20 token on Ethereum and a TRC-20 token on Tron. The Ethereum contract address is 0x925206b8a707096ed26ae47c84747fe0bb734f59, while the Tron representation uses TFptbWaARrWTX5Yvy3gNG5Lm8BmhPx82Bt. The token uses 18 decimals.
Whitechain began as an EVM-compatible Layer 1 based on Go-Ethereum. Its original design used approximately two-second block times and supported Ethereum-compatible tools such as Remix, Hardhat, and Foundry. In 2026, Whitechain began transitioning to an Ethereum Layer 2 built with the OP Stack. The Whitechain Sepolia testnet is live, and the published roadmap targets a mainnet transition for fall 2026.
WBT is intended to remain the network’s gas token after the migration. Whitechain states that the transition will not change the token supply or require users to move their balances to new wallet addresses.
How WBT is used
WBT provides exchange-related benefits on WhiteBIT, including discounts and preferential conditions on selected services. It also supports holding, loyalty, and rewards features such as the WB Soul ecosystem, which connects on-chain WBT holdings with user benefits.
On Whitechain, WBT pays transaction fees and supports applications involving decentralized finance, non-fungible tokens, gaming, social applications, sports-focused Web3 services, real-world assets, and decentralized physical infrastructure. WhiteBIT has also promoted Telegram Wallet functionality for WBT and NFT deposits and withdrawals.
The broader ecosystem has used crypto payments and fan-engagement initiatives, including ticket sales and a digital fan zone connected with the Ukrainian national football team. These activities relate to the wider WhiteBIT ecosystem and do not mean that every partner uses WBT as its settlement currency.
Who is behind WhiteBIT Coin and where is it based?
WhiteBIT was founded on 16 November 2018 by Volodymyr Nosov, who is identified in company materials as its founder and president. The company describes itself as Ukrainian-founded, while corporate records identify Lithuanian entities connected with its operations and list Vilnius as a business location.
The legal entity identified as the WBT offeror in its MiCA whitepaper is UAB Clear White Technologies. It was registered in Lithuania on 17 September 2021 and is described as a virtual-asset service provider. The document lists Volodymyr Nosov, Sergii Karasov, and Mihai Cartov as members of its management board. WhiteBIT is also part of W Group. No separate publicly documented Whitechain foundation is identified as the WBT issuer.
WBT was introduced in 2022, followed by the launch of the Whitechain blockchain in 2023. The available sources do not name a broader group of core developers beyond the company leadership and management-board members.
Consensus and security
The original Whitechain network used Proof of Authority with the Clique consensus protocol. Authorized validators produced blocks, and the initial validator infrastructure was managed by WhiteBIT. This provided fast processing but concentrated network control more heavily than a public proof-of-stake system.
The planned OP Stack Layer 2 is designed to settle on Ethereum and use Ethereum-linked data availability. Its final security model will depend on the production sequencer, bridge, and fault-proof configuration after mainnet deployment.
Tokenomics and supply
The CoinStats snapshot records 118,852,171 WBT in circulating supply and 293,421,670 WBT in total supply. The original token documentation described a maximum issuance of 400,000,000 WBT, with allocations for treasury holdings, liquidity, ecosystem development, user acquisition, incentives, and project participants.
WhiteBIT has described a buyback-and-burn mechanism funded by 33% of trading fees and 5% of other exchange-related revenue. Redeemed tokens are burned, reducing supply when the program operates as described. Treasury unlocks and ecosystem distributions can increase circulating supply, while burns permanently remove tokens. No additional inflationary issuance above the original stated cap is described.
Partnerships and development
The ecosystem has partnerships or integrations involving Visa, FACEIT, TradingView, Tether, Juventus, FC Barcelona, and the Ukrainian national football team. These relationships support payments, sports engagement, gaming, distribution, and infrastructure rather than proving direct WBT use by every organization.
CoinStats recorded a price of $83.31, a 24h change of -0.14%, a market cap of $9.90B (rank #18), and 24h volume of $35.75M at 00:19 UTC on 1 October 2026. The all-time high was $87.91, the current price is 5.23% below it. Whitechain’s active development focus is the migration to an Ethereum Layer 2, supported by the Sepolia testnet, developer documentation, deployment tools, and a planned fall 2026 mainnet transition.