The WBF Group was founded on Wall Street in New York, and has launched the WBFex exchange in 2018. After the first generation of “Centralized Cryptocurrency Exchange” and the second generation of “Platformized Digital Asset Exchange,” WBF Exchange has pioneered the new concept of “Generation III of Digital Asset Exchange” and using multiple security protection technologies to create a global digital financial integrated service platform.
WBFex’s objective is to achieve 4.5 million registered platform users by December 31, 2019, and have 18 million registered platform users by June 30, 2020. WBFex exchange is planning to launch the new perpetual contract trading (a popular type of futures contract) in October of 2019, which WBFex aims to become the largest digital asset exchange of registered users worldwide.
WBF Token (WT) is the platform currency of WBFex Exchange, and it is positioned to become “the steam engine of the digital age,” says WBF Group. WT is a decentralized digital asset based on the Ethereum blockchain, and the total issuance of WT will be 300 million (300,000,000) tokens. The total circulation supply has been set to 100 million (100,000,000) tokens, and it has eight basic functions such as regular WT destruction.