WT is a platform token of the WBF digital asset exchange. Its Chinese name is Watcoin, which is a decentralized blockchain digital asset based on Ethereum.

1. Project introduction

WBF Exchange
New York WBF Group was registered in New York in 2017. Its WBF Exchange (Chinese name Watt Exchange) is a global digital asset financial service platform. It was registered in Singapore in January 2019. Its founding team consists of senior fintech people from New York, Singapore and China.

WBF Exchange revolves around the development strategy of "spot + mining pool + contract", strictly abides by the bottom line of compliance, and provides global users with digital asset financial services mainly based on "spot trading, contract trading, leveraged trading, mortgage lending, and option trading" under legal circumstances.

WBF Exchange adheres to the principle of "user first", constantly iterates the underlying technical architecture and improves user experience. In March 2019, the "Spot 1.0 Trading System" was launched, the "Spot 2.0 Trading System" was launched, and in November, the "Spot 3.0 Trading System" was launched. WBF is an international exchange and is the world's first digital asset exchange with a venue and ceremony for "coin ringing" on the bell. Its users come from 177 countries around the world and have branches in 13 cities including New York, London, Ho Chi Minh City, Seoul, and Tokyo. It has media resources covering more than 4,000 companies around the world and is committed to continuously building a super "traffic empire" in the entire industry.

WT basic functions

Platform repurchase regularly:
Each quarter, 20% of the fee income will be repurchased in the circulation market, and the repurchased WT will be directly destroyed until 150 million WT will be destroyed.

Transaction fee deduction:
If you hold a full WT when trading coins, the system will discount the required handling fee and deduct the handling fee based on the current market value.

Project party margin locks:
Project parties that raise funds publicly need to use WT and lock the raised WT.

"Locking of warehouses means mining" reward:
Users can submit a lock-up application. If a certain amount of WT is locked, they can enjoy a 10% transaction fee reward on the entire site. The specific reward amount is divided according to the proportion of WT lock-up positions in the entire site.

Transaction fee rebate settlement:
Users can choose the valuation currency of handling fee rebate settlement, USDT settlement, or WT settlement.

Project party airdrop:
Users with WT positions can be given priority to obtain token airdrops for the project to be launched.

User Guarantee Fund:
Ensure the safety of users' investment assets.

Application Scenarios

Trading platform ecological business scenario:
WT voting, WBF fund management, WT ecological fund, super partner margin, currency project party margin, currency stock transaction fee deduction, merchant margin, bulk transaction margin, etc.

Payment scenario:
WT lending services, multiple mining pools support WT payments, industry media support WT payments, WBF partners support WT payments, gift card purchase payments, etc.

WT Destruction
Starting from Q4 2019, WBF will take out 20% of the fee income every quarter for WT repurchase, and the repurchase WT will be processed in the form of "destruction".

2. Commentary

WT is full name WBF Token, and is issued by the WBF Digital Asset Exchange (WBFex for short). It is a decentralized blockchain digital asset based on Ethereum. WT was officially released on June 10, 2019.

WBFex provides a rich category of digital financial product: including spot trading products, financial management and lending products, digital asset storage, spot leverage trading, option contracts, futures contracts and index contracts, and uses blockchain technology to optimize and upgrade traditional finance.

After the first generation of "centralized cryptocurrency exchange" and the second generation of "platform digital asset exchange", WBF Exchange took the lead in proposing the concept of "third generation of digital asset exchange". And use multiple security protection technologies to build a global digital finance comprehensive service platform, aiming to become the leader of the "third-generation digital asset exchange".

Related links:
https://www.wbf.info/wtIntroduce
https://wbfex.zendesk.com/hc/zh-cn/articles/360013904813-%E5%85%B3%E4%BA%8EWBF
https://wbfex.zendesk.com/hc/zh-cn/articles/360041415834-WBF-%E5%85%B3%E4%BA%8E%E5%B7%B2%E5%AE%8C%E6
%88%90-5000-%E4%B8%87-WT-%E9%94%80%E6%AF%81%E7%9A%84%E5%85%AC%E5%91%8A
https://www.jinse.com/blockchain/382234.html