Comparison and Review: Tether Gold (XAU₮) vs WhiteBIT Coin (WBT)
Tether Gold (XAU₮)
Overview
Tether Gold (XAU₮) is an asset-backed token that represents ownership of one troy fine ounce of physical gold on a specific gold bar. It is available as an ERC-20 token on the Ethereum blockchain and as a TRC20 token on the TRON blockchain. XAU₮ can be transferred to any on-chain address from the purchasers' Tether wallet. It is considered the best way to hold gold as it offers zero custody fees and has direct control over the physical gold storage, which is securely held in a Switzerland vault with top-notch security measures in place.
Key Information
- Symbol: XAU₮
- Name: Tether Gold
- Asset Platform: Ethereum
- Categories: Ethereum Ecosystem, Stablecoins, Tokenized Gold, Asset-backed Tokens
- Market Cap Rank: 85
- Price Change Percentage (30 days): 85%
WhiteBIT Coin (WBT)
Overview
WhiteBIT Coin (WBT) is a utility token of the largest European cryptocurrency exchange, WhiteBIT. The platform aims to contribute to the mass adoption and popularization of blockchain technologies through effective trading and staking tools. WBT is integrated into all WhiteBIT services, making it easier for users to interact on the platform. It can be used for staking, providing perks such as increased referral interest rates, decreased trading fees, free daily ERC-20/ETH withdrawals, and integration with current and future WhiteBIT products.
Key Information
- Symbol: WBT
- Name: WhiteBIT Coin
- Asset Platform: Ethereum
- Categories: Centralized Exchange (CEX), Exchange-based Tokens, Ethereum Ecosystem
- Market Cap Rank: 49
- Price Change Percentage (30 days): -1.13551%