| Unlock | 4/10 |
| Tokenomics | 5/10 |
| Insider | 5/10 |
| Onchain | 5/10 |
| Dev Activity | 5/10 |
| Revenue | 5/10 |
| Institutional | 4/10 |
| Etf | 1/10 |
| Market Structure | 6/10 |
| Security | 5/10 |
WBT is the native token of WhiteBIT, one of the largest centralized crypto exchanges by reported trading volume, primarily used for trading fee discounts, staking through the exchange's Nova loyalty tiers, and access to token launches and promotions. The exchange has pursued European market expansion and licensing (including EU-based regulatory registrations) to support its growth beyond its original Eastern European user base. WBT's value proposition is tightly coupled to WhiteBIT's exchange volumes and buyback/burn mechanics tied to platform revenue rather than any independent DeFi protocol or on-chain application. As with most exchange-native tokens, the key risks are counterparty/centralization risk (token utility depends entirely on continued WhiteBIT operations), limited transparency into reserve and buyback mechanics, and reliance on regulatory goodwill in the jurisdictions where WhiteBIT operates.