VICTORIA, Seychelles, Aug. 04, 2025 — Cryptocurrency exchange WEEX has successfully executed its second quarterly burn of WEEX Token (WXT), adhering to its established burn schedule. A total of 60,509,555 WXT, approximately 0.61% of the total token supply and valued at around $2 million USD at the time of burning, was removed from circulation. This action underscores WEEX’s dedication to sustained growth and its tokenomics strategy.
The Burn Continues: WEEX’s Strategic Token Burn Schedule
WEEX initiated its token burn program on January 31, 2025, by burning 4,000,000,000 WXT, equivalent to 40% of the total supply. The company intends to continue with quarterly burns, typically at the beginning of each quarter. WEEX will allocate 20% of its quarterly earnings from trading fees (including futures and spot trading), listing fees, and other revenue streams to repurchase and burn WXT tokens. This reinforces their commitment to a deflationary model for the token.
Unlocking Value: The Benefits of Holding and Burning WXT
WXT, the platform’s native token, enhances user participation and loyalty, promoting WEEX’s expansion and competitive edge by providing exclusive benefits, lowering trading fees, and encouraging long-term holding. WXT holders are eligible for periodic airdrops of new tokens, providing them with new opportunities for profit. The quantity of WXT held also affects a user’s VIP status, granting more exclusive benefits and reduced trading fees. Furthermore, trading agents holding WXT tokens will be rewarded with higher profit-sharing percentages, encouraging their active involvement in the platform.
The WXT token burn is a crucial component of WEEX’s growth plan, decreasing the token supply to bolster long-term value appreciation. Since its launch in August 2023 at $0.01, WXT’s price has surged by 340%, reaching $0.034 at the time of this writing, demonstrating growing market trust. This creates a positive loop, tied to platform revenues, that not only benefits loyal users but also encourages long-term growth for both the platform and the token’s value.
A Vision for the Future: WEEX’s Path to Global Market Leadership
WEEX has reached significant milestones in 2025, including expanding its global workforce to over 500, creating an international studio in Dubai, and obtaining a BSP license. Building on these strategic initiatives and its leading futures liquidity, WEEX plans to reach over 10 million global users and exceed $10 billion in daily trading volume, positioning the platform for sustained growth and success. The WXT burn program is essential to this vision, fostering a strong ecosystem that benefits the platform and its users.
About WEEX
Founded in 2018, WEEX has rapidly become a global leader in cryptocurrency trading. With a wide range of trading pairs, innovative features like WE-Launch, and partnerships with global figures like Michael Owen, WEEX is transforming the trading experience for millions around the world.
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