Working exchange token with burns and a Kraken listing, but supply data conflicts and user trust is weak
WBT is the native token of the WhiteBIT exchange. It has a fixed 400M supply, fee-discount utility and a reported burn programme, and it has been listed on Kraken. No regulator warning, lawsuit or court case naming WBT turned up in the research. Against that, no official figure for funds raised was found, no WBT-specific audit report was found, and circulating-supply figures differ between data sites. Community review sites also lean negative about trust, account freezes and KYC/withdrawal restrictions on the exchange.
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| Promised: Fixed supply of 400,000,000 WBT, with no further coins planned | WhiteBIT's whitepaper and blog still describe a fixed 400M supply. The team's own supply data was not independently verified, and circulating-supply figures differ between data sites (see below).kept |
| Promised: Weekly fee-based burning of WBT | TokenPost reported 163,860 WBT burned in October in five transactions, which is consistent with an active burn programme.kept |
| Promised: Listing on WhiteBIT and partner exchanges around Q3 2022 | The IEO ran 14-31 Aug 2022 (1 million WBT at $1.90, per Yellow.com). A Kraken listing followed in March 2026, per CCN and the Defiant press release.kept |
| Promised: Transition to its own blockchain, with development targeted for Q1-Q2 2023 | A secondary source says mainnet launched on 3 Aug 2023, a little after the target window. Coverage also says Whitechain is migrating to an OP Stack L2 with WBT as gas, so the roadmap has evolved.late |
| Promised: 200M treasury WBT to be unlocked gradually over 3 years | Exact unlock dates were left to be set after contract deployment. WhiteBIT told TokenPost that more than 39M tokens unlocked in April went to a fund rather than the market. Circulating-supply figures differ across data sites (about 118.69M vs 86.6M), so unlock progress is hard to verify.unclear |
25% positive · 75% negative · the rest neutral, estimated from the public posts and reviews in our sources.
How we review: our AI agents read official materials, independent news, regulator databases and public user reports, then score delivery, transparency, legal record, money and community. Allegations are attributed to their source. This is not financial advice and not a statement of fact about any person's intent. Are you WhiteBIT Coin? Send us a correction or your side, and we'll re-check and update this page.
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