Features of the 'Holding' and 'Owning' functionality of WBT Coin on WhiteBIT Georgia

WBT is conceived as a complete infrastructure product that integrates the WhiteBIT Georgia exchange as a part of the WhiteBIT global ecosystem and related projects. Each WBT holder has the opportunity to store tokens on their Main balance or transfer them to Holding, which allows them to receive additional benefits.

What is Owning and Holding, and how does it work?

Users of the WhiteBIT Georgia exchange have two ways to take advantage of all the benefits of a WBT token ownership:

  • by owning WBT tokens on the Main Balance (Owning);
  • by blocking WBT tokens (Holding).

 

Advantages of WBT in Owning:

 

WBT Holding provides the following benefits to the WhiteBIT Georgia users:

  • Referral rate increase. Users who transfer WBT to Holding receive a larger share of referral fees;
  • Token holders can enjoy a 100% discount on maker fees. The discount will be valid if there is a sufficient amount of WBT in Holding;
  • Cancellation of blockchain fee payments. Depending on the number of coins in Holding, holders can receive a certain number of daily free withdrawals of ERC-20 and ETH tokens.
  • Free AML checks.  Holders can conduct a certain number of free AML checks every day.
  • Distribution of rewards. Each WBT owner has the opportunity to receive a share of all network fees, depending on the Hold level of his Soul;
  • Generation of multiple addresses. Users who have transferred WBT to Holding have the convenient option to use multiple deposit addresses for each network.

 

Benefits for transferring tokens to Holding:

It's also worth noting that the Holding level bonus doesn't apply to SoulDrop activity.

Deposit address generation for users with WBT in Holding

Users who have transferred the WBT to Holding can generate multiple addresses for each network in the deposit window. This functionality is available from the first level of Holding. As the level increases, the number of addresses that can be generated increases accordingly. 

You can check how many addresses are available for use using this link in the Holding tab.

To get a new address, click the "Generate new address" button in the deposit window of the selected coin. The number of available new addresses will be displayed next to this button.

You can view a list of all your deposit addresses in Addresses History or by pressing a button in the deposit window.

When a new address is generated, the old address is moved to the Addresses History section. However, you can use the old address for a deposit even after creating a new one, as the history shows all valid addresses to which deposits have been made within 12 months of their creation.

 

Please note: this functionality does not apply to institutional customers.

How to transfer funds to Holding?

  1. Click on the “Boost” button next to the WBT ticker on the Main Balance page or follow this page using the link “WBT Boost”. An information about your WBT balance will appear in the window;

 

  1. To the right of the WBT balance indicator there will be a button “Hold”;

 

  1. Make sure that the funds are on the Main Balance;
  2. By clicking on this button, a window will be opened in which you need to indicate the amount and confirm the action.

 

Ready! The changes will take effect within a few minutes.

Is it possible to withdraw funds from Holding?

If you decide to withdraw WBT from Holding without a fee, then you should keep in mind that tokens, which are in the process of withdrawal, are considered as tokens in Owning, and are no longer coins in Holding.

 

Please note: withdrawal of WBT from Holding takes 14 days. When tokens are being withdrawn from the Holding, bonuses will not be granted for them, however, you can instantly withdraw WBT from the Holding for a 10% fee on the withdrawn amount.

 

Also, pay attention to the following factors:

  • If fees are influenced by two factors, the more profitable one will be taken into account;
  • The trading commission discount for Owning and Holding applies exclusively to the standard trading fee value (0.1%);
  • Trading fee cannot be less than 0%;
  • Other promotions may also affect the terms of the affiliate program;
  • WhiteBIT Georgia reserves the right to change the rules for Owning and Holding of WBT at any time.

 

Additional information about WBT is available on our exchange, following this link.

FAQ

What are the advantages over Owning?

Each WBT owner can store them on his Main Balance or transfer tokens to Holding, thus receiving additional benefits. In order for WBT coins to be credited to Owning, it is enough to keep them on the Main Balance. At the same time, tokens transferred to Holding are also valid in Owning. In this case, you can use both privileges. You can find more information about the benefits of owning WBT tokens in this article.

 

How to buy WBT for Holding?

To purchase WBT, you just need to register on WhiteBIT Georgia and pass the identity verification (KYC). The entire process is described in more detail in our articles.

Support

In case of any questions related to the functionality of our exchange, you can:

  • Leave a request on our website;
  • Write to the support e-mail: support@whitebit.ge;
  • Write to the chat using the button in the lower right corner of the screen.

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