WEEX Ignites $2M WXT Burn – Torching 0.61% of Total Supply in Deflationary Power Move
WEEX just turned up the heat—literally. The exchange sent $2 million worth of WXT tokens to the crypto inferno, slashing 0.61% of its total supply in a single stroke.
Supply Shock Tactics
This isn’t just a casual burn—it’s a calculated play to tighten supply while traders scramble for the leftovers. Deflationary mechanics 101: reduce circulation, hope demand outpaces the shrinking pie. Classic crypto alchemy—turning digital scarcity into perceived value.
Post-Burn Reality Check
Will this move actually move the needle? History’s littered with burns that barely sparked price action. But hey—if the market’s buying the ‘scarcity equals gains’ narrative, who’s WEEX to argue? Another day, another token playing with economic fire. Literally.
The Burn Continues: WEEX’s Strategic Token Burn Schedule
WEEX conducted its first-ever token burn on January 31, 2025, burning a significant 4,000,000,000 WXT (40% of the total supply). Moving forward, the company plans to conduct quarterly burns, typically completed at the start of each quarter. WEEX will allocate 20% of its quarterly profits from trading fees, including futures and spot trading, listing charges, and other sources, to buy back and burn WXT tokens, reinforcing its commitment to creating a deflationary mechanism for the token.
Unlocking Value: The Benefits of Holding and Burning WXT
As the platform’s native token, WXT enhances user engagement and loyalty, driving WEEX’s growth and competitiveness by offering exclusive benefits, reducing trading fees, and incentivizing long-term holding. WXT holders will be eligible for periodic airdrops of new tokens, boosting their exposure to new profiting opportunities. The amount of WXT held will also influence a user’s VIP status, offering more exclusive privileges and lower trading fees. Additionally, trading agents who hold WXT tokens will receive higher profit-sharing rates, incentivizing active participation in the platform.
The WXT token burn mechanism serves as a key element of WEEX’s growth strategy, reducing the token supply to support long-term value appreciation. Since its launch at $0.01 in August 2023, the price of WXT has skyrocketed by 340%, reaching $0.034 at the time of writing, reflecting increasing market confidence. In alignment with platform revenues, a positive cycle is formed that not only rewards loyal users but also fosters sustainable growth for both the platform and the token’s value.
A Vision for the Future: WEEX’s Path to Global Market Leadership
WEEX has achieved significant milestones so far in 2025, including expanding its global team to over 500 members, establishing an international studio in Dubai, and securing a BSP license. Leveraging these strategic moves and its market leading futures liquidity, WEEX aims to reach over 10 million global users and exceed $10 billion in daily trading volume, positioning the platform for continued growth and success. The WXT burn program plays a vital role in this vision, creating a healthy ecosystem that benefits both the platform and its beloved users.
About WEEX
Founded in 2018, WEEX has quickly emerged as a global leader in cryptocurrency trading. With an extensive selection of trading pairs, cutting-edge features like WE-Launch, and partnerships with global icons like Michael Owen, WEEX continues to redefine the trading experience for millions worldwide.
: WEEX Exchange
