The cryptocurrency world has a rapidly evolving aspect: tokens. But few see the potential of tokens to become even more popular than cryptocurrencies. Because tokens can come into play for areas where a cryptocurrency cannot be used. For example, a token can be used as a means of payment and discounts or promotions can form the backbone of projects that can only offer special benefits to their owners. versatility stands out with.

Cryptocurrency Exchange That Recently Launched Its Own Token Volodymyr Nosov, CEO of WhiteBITmade hopeful statements about the future of tokens. Recalling that tokens were only developed to use the tax in trading when they first came out, Nosov believes that has now changed. Because we see tokens in many different areas, from travel to entertainment.

Volodymyr Nosov, CEO of the WhiteBIT cryptocurrency exchange, is hopeful for the future of cryptocurrencies:

Introducing tokens into our lives since 2017 Claiming that areas of use have increased significantly, Nosov said, “There are many ways to use tokens. However, the essence of the event is the same; making a profit. The benefit of using tokens now extends to both users and the exchange itself. Exchanges can increase the liquidity of the market and expand the user base, while tokens give users additional opportunities. The success of many cryptocurrency exchanges today, more than anything else, is largely dependent on the constant maintenance of trading volume, which is made possible by profits from tokens. say.

Tokens issued by exchanges provide users with opportunities such as discounts on trading commissions, fiat deposits and withdrawals, additional earnings and rewards. In addition token holders impact on the stock market ecosystem they have the advantage. For example, deciding which cryptocurrencies to list first, airdrops and early access promotions…

Tokens as the currency of the future:

Volodymyr Nosov states that unlike cryptocurrencies, token prices are steadily rising. For example, while in 2017 the KuCoin token was worth $0.81, today it is worth $9.52. as a percentage growth rate 1075%… While the FTX token was $1.8 when it first came out, it is now $26.73 i.e. growth rate 1385%… Also, the total market value of the 5 most popular tokens today is $51.7 billion.

“Exchanges not only create their own tokens, but also promote greater use and utility of the token. Today, some exchange tokens have a built-in staking and reward mechanism. So the token actually becomes a dividend-paying asset. A person who trades with cryptocurrencies see I have a great opportunity for the development of tokens, their use and their impact on our lives. t as universal currency“Oken doesn’t seem like a fantasy today, but rather a very likely reality,” says Nosov.

WhiteBIT has also recently joined the caravan of those who have launched their own token:

Let us remind you that on August 14, the WhiteBIT exchange issued its own WBT token. According to the stock market information, 1 million tokens that are put up for sale in the first place are sold by users only. in 15 minutes Purchased. WBT was primarily intended as an internal exchange tool to provide WhiteBIT users with additional benefits and convenience. WhiteBIT offers rewards for active trades on the platform, trading tournaments, airdrops, listings on other exchanges.

The benefits of WBT tokens also include integration with other exchange products; It offers buyer rewards, more bonuses, less commission and most importantly an increase in referral rate to 40-50%. In addition, a reduction in trading commissions also brings discounts. Free daily withdrawal from ERC20/ETH networkdaily free AML checks, fixed amount of token supply and growth potential via weekly burn.