WhiteBIT introduced the WB Network as part of the development process for its internal WhiteBIT Token (WBT). With time, the WBT transitioned and matured into the full-fledged WhiteBIT Coin, now serving as the cornerstone currency within the WB Network Ecosystem.

By possessing and holding onto WBT, users of WhiteBIT can unlock a myriad of intra-exchange benefits. This includes enjoying discounts on trading fees, incurring no costs when withdrawing Ethereum and ERC-20 tokens, benefiting from complimentary AML (Anti-Money Laundering) verifications, and reaping enhanced referral rewards.

As WBT is on its path to becoming integrated into the native blockchain of the WB Network, users stand on the brink of accessing a wealth of new advantages and enticing opportunities. The ethos of the network is deeply rooted in ensuring stability through rigorous testing and monitoring, promoting an environment that's both reliable and consistent. The platform champions simplicity, aiming to be user-centric and welcoming to individuals regardless of their technical prowess. Ecological sustainability is held in high regard, with a particular emphasis on energy-efficient measures, exemplified by the adoption of the Proof-of-Authority (PoA) consensus algorithm to reduce computational strain. Security remains paramount, with the platform fortified by stringent encryption protocols to safeguard user data and transactions. The network also prides itself on speed, promising swift transaction times, and lastly, transparency is at the forefront, ensuring all recorded information is open, accessible, and auditable.

In 2024, WhiteBIT made significant changes to its blockchain ecosystem by rebranding the WB Network to Whitechain. This rebranding reflects WhiteBIT’s long-term vision to build a simple, transparent, and innovative ecosystem of decentralized applications (dApps). The new Whitechain operates as an EVM-compatible blockchain integrated within the WhiteBIT ecosystem and leverages the Proof-of-Authority (PoA) consensus algorithm, which ensures efficient and secure block validation through trusted validators.

Whitechain introduces several new products and ecosystem developments, such as the WB Soul Ecosystem, which allows users to create a digital identity on the blockchain using Soulbound Tokens (SBTs). This identity system provides users with a secure way to manage their information and achievements on the network. Moreover, Whitechain launched the Whitechain Telegram Wallet, enabling instant deposits, withdrawals, and NFT transactions directly within Telegram, enhancing user experience and accessibility.

The rebranding and ecosystem expansion are part of WhiteBIT’s broader strategy to support innovative projects, promote liquidity, and enable cross-chain swaps and stablecoin transfers. The company has already implemented several community-oriented programs, such as retrodrops and grants, to foster engagement and development on the platform.

Above are only for introduction, not intended as investment advice.