The WXT token burn mechanism is a key element of WEEX's growth strategy, aimed at reducing the token supply to support long-term value growth.
On August 4, 2025, the leading cryptocurrency exchange WEEX successfully completed the second quarter WXT Token (WXT) burn according to its token burn plan. A total of 60,509,555 WXT were burned, accounting for approximately 0.61% of the initial total supply, valued at around 2 million dollars based on the price at the time of the burn, reflecting WEEX's ongoing commitment to its long-term growth and token economic structure.
Burning Continues: WEEX Exchange's Strategic Token Burn Plan
WEEX conducted its first token burn on January 31, 2025, with a burn amount of up to 4,000,000,000 WXT (40% of the total supply). Since then, the company has been executing burns quarterly as planned, typically completing the previous quarter's burn at the beginning of each quarter. WEEX will use 20% of its quarterly profits (from contract and spot trading fees, listing fees, and other revenues) to repurchase and burn WXT tokens, continuously fulfilling its commitment to building a token deflationary mechanism.
Unlocking Value: Benefits of Holding and Burning WXT
As a platform token, WXT enhances user engagement and loyalty by providing exclusive rights, trading fee discounts, and incentives for long-term holding, driving WEEX's growth and long-term competitiveness. WXT holders will be eligible for regular new coin airdrops, providing more earning opportunities. The amount of WXT held will also affect the user's VIP level, with higher levels enjoying more exclusive rights and better fee rates. Additionally, traders holding WXT enjoy a higher profit-sharing ratio, incentivizing them to actively participate in platform activities.
The WXT token burn mechanism is a key element of WEEX's growth strategy, aimed at reducing the token supply to support long-term value growth. Since its launch at a price of $0.01 in August 2023, the price of WXT has surged by 340%, reaching $0.034 at the time of writing, reflecting the increasing market confidence. The price of the token has grown in tandem with the platform's revenue, creating a virtuous cycle that not only rewards WEEX's loyal users but also promotes sustainable growth in both the platform and token value.
Future Vision: WEEX's Path to Global Market Leadership
As of 2025, WEEX has achieved several significant milestones, including a global team size exceeding 500 people, establishing an international studio in Dubai, and obtaining a BSP license. With these strategic initiatives and its leading liquidity advantage, WEEX aims to reach over 10 million global users and achieve a daily trading volume exceeding $10 billion, laying the foundation for the platform's continued growth and success. The WXT burn plan plays a crucial role in this vision, creating a healthy ecosystem that benefits both the platform and its valued users.
About WEEX
Founded in 2018, WEEX has rapidly emerged as a global leader in the cryptocurrency trading space. With a wide selection of trading pairs, rich features like WE-Launch, and partnerships with global icons such as Michael Owen, WEEX continues to provide a top-tier trading experience for millions of users worldwide.
For more information:
Official website: WEEX Exchange
Media inquiries: market@weexglobal.com
Customer support: support@weex.com
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