- European crypto exchange WhiteBIT has announced a retrodrop for testing its WB Network blockchain.
- The retrodrop allows the crypto community to participate in WB Network testing and receive rewards.
- The WB Network features EVM compatibility, a Proof-of-Authority consensus algorithm, and WB Soul Ecosystem for bridging the blockchain and the WhiteBIT exchange.
WhiteBIT, a leading European cryptocurrency exchange, is delighted to announce its long-awaited retrodrop ahead of its mainnet launch.
The WhiteBIT team claims the retrodrop will reward participants for actively engaging with and testing the WB Network blockchain. The retrodrop will give participants access to and explore the WB Network blockchain’s potential. Notably, the retrodrop follows the March launch of the WhiteBIT testnet.
The term’retrodrop’ first appeared on June 9th, capturing the attention of many in the cryptocurrency community. WhiteBIT has set aside an undisclosed amount of its native token WBT from its ecosystem fund for the retrodrop.
The event invites all stakeholders in the crypto community to participate in a variety of activities that will provide numerous rewards. Participants must first create a WB Soul, which serves as an identification card for WB Network users. WB Soul combines CEX and Web3 solutions to provide users with a digital ID while also acting as a link between the WhiteBIT exchange and the blockchain. WB Soul will also play an important 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 retrodrop rewards and other benefits. There are 11 levels of holders, each with its own set of benefits and bonuses. The greater the holding amount, the greater the rewards to the holders.
Participants can engage in Testnet-related tasks in addition to the WB Soul and holding WBT. Notably, the WhieBIT team will not make the list of these activities public to provide a level playing field for all participants. By not disclosing the activities, WhiteBIT hopes to encourage all participants to explore the WhiteBIT blockchain by testing the network on their own terms.
Finally, participants can earn rewards by completing social media and community-related tasks on the Zealy platform. It is important to note that the WTB rewards will be distributed after the launch of the mainnet.
In 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 this future blockchain’s potential and witness our shared vision’s realization.”
About WhiteBIT
WhiteBIT, which was founded in 2014, has over 1000 specialists, over 270 assets, and a daily trading volume of more than $2.5 billion. The exchange has more than 350 trading pairs and more than ten state currencies.
