WhiteBIT, a leading crypto exchange in Europe, is elated to announce its long-awaited retrodrop ahead of its mainnet launch.
According to the WhiteBIT team, the retrodrop will reward participants for actively engaging and testing the WB Network blockchain. The retrodrop will allow participants to access and explore the potential within the WB Network blockchain. Notably, the retrodrop follows the WhiteBIT testnet launched earlier this year in March.
The phrase ‘retrodrop’ was first dropped on June 9th, attracting the attention of many in the crypto community. For the retrodrop, WhiteBIT has set aside an undisclosed amount of its native token WBT from its ecosystem fund.
The event welcomes all stakeholders within the crypto community to undertake various activities that will provide numerous rewards. First, participants must create a WB Soul, a kind of identification card for users within the WB Network. WB Soul combines CEX with Web3 solutions to serve as a digital ID for users while also acting as a bridge between the WhiteBIT exchange and the blockchain. In addition, WB Soul will play a key role in the soon-to-be-launched WBT Earn program.
Participants can also hold WBT in a special holding balance on the exchange to receive rewards and other benefits of the retrodrop. There are 11 levels of holders, each providing several advantages and bonuses. The higher the amount held, the greater the rewards to the holders.
In addition to the WB Soul and holding WBT, participants can engage in Testnet-related tasks. Notably, the WhieBIT team will not publicize the list of these activities to provide all participants with a fair playing ground. By not disclosing the activities, WhiteBIT hopes to encourage all participants to explore the WhiteBIT blockchain by taking a personal approach to test the network.
Lastly, participants can engage in social media and community-related tasks on the Zealy platform to receive rewards. Note the WTB rewards will be distributed after the mainnet release.
While commenting on the retrodrop, Volodymyr Nosov, the CEO of WhiteBIT, stated:
“Our goal is for the WB Network blockchain to be the product of collective community interaction, blending the expertise of industry leaders with the insights of users, developers, and enthusiasts. Users are best equipped to optimize the convenience and efficiency of a project as vast as blockchain. Hence, we invite everyone to explore the potential of this future blockchain and witness the realization of our shared vision.”
Launched in 2014, WhiteBIT has over 1000 specialists, 270 plus assets, and more than $2.5 billion in daily trading volume. The exchange offers over 350 trading pairs and has over ten state currencies.
