Cryptocurrency exchange WEEX has completed its second token burn of WXT in line with its established schedule, burning 60.5 million tokens. This event underscores the company's commitment to long-term growth.
WEEX Burn Strategy
The first token burn of WEEX took place on January 31, 2025, when 4 billion WXT were burned, accounting for 40% of the total supply. Moving forward, the company plans to conduct token burns quarterly, allocating 20% of its quarterly profits to buy back and burn WXT, creating a deflationary token structure.
Benefits of WXT Token
The WXT token is central to the WEEX platform, fostering user engagement and loyalty. WXT holders can expect periodic airdrops of new tokens, increasing their profit potentials. Additionally, the number of held tokens affects the users' VIP status, offering additional privileges and reduced fees.
WEEX's Future in the Global Market
In 2025, WEEX achieved significant milestones, expanding its team to over 500 members and opening an international studio in Dubai. The exchange aims to reach over 10 million global users and improve daily trading volume figures, pointing towards successful development.
The burning of WXT tokens has become a key part of WEEX's growth strategy, supporting the long-term value of the token and creating a healthy ecosystem for users.
