We destroyed $2 million worth of WXT tokens, representing 0.61% of the total supply of these tokens within the WEEX platform.
WEEX's Token Burn Strategy Bolsters Long-term Growth
In a strategic move to support the sustained growth of its native token, WXT, WEEX, a leading cryptocurrency exchange founded in 2018, has implemented a systematic token burn schedule. This deflationary model aims to create a consistent reduction in the circulating supply of WXT, thereby fostering token value appreciation.
The token burn strategy was kick-started with an inaugural burn of 4 billion WXT (40% of the total supply) on January 31, 2025. Following this, WEEX has committed to quarterly burns, using 20% of its quarterly profits from trading fees to buy back and burn WXT tokens.
The token burn mechanism serves a dual purpose. It reduces the supply of WXT, thereby creating a deflationary effect, and bolsters long-term market confidence in WXT. Since its launch at $0.01 in August 2023, the price of WXT has risen by 340%, reaching approximately $0.034 by mid-2025, reflecting growing investor trust tied to this deflationary model.
For users within the WEEX ecosystem, holding and burning WXT tokens offer several key benefits. WXT holders enjoy lower trading fees and enhanced privileges on the platform. The quantity of WXT held influences a user’s VIP tier, unlocking further benefits such as periodic airdrops of new tokens, fee reductions, and VIP status incentives. Additionally, trading agents holding WXT receive higher profit-sharing rates, motivating active platform participation.
In summary, WEEX’s strategy combines a planned, recurring token burn schedule fueled by a share of trading profits with incentivization mechanisms for holding WXT, driving both deflationary pressure and user engagement to support long-term token growth and platform expansion.
WEEX is not only redefining the trading experience for millions worldwide but also setting the stage for a sustainable future in the cryptocurrency market. For customer support, contact [email protected]. For media inquiries, contact [email protected]. Visit WEEX Exchange at WEEX Exchange for more information.
[1] CoinMarketCap. (2025). WXT Price. [Online]. Available: https://coinmarketcap.com/currencies/wxt/
[2] WEEX. (2025). Token Burn Schedule. [Online]. Available: https://www.weex.com/token-burn-schedule
[3] GlobeNewswire. (2025). WEEX Conducts First-Ever Token Burn, Burning 4 Billion WXT Tokens. [Online]. Available: https://www.globenewswire.com/news-release/2025/02/01/2160751/0/en/WEEX-Conducts-First-Ever-Token-Burn-Burning-4-Billion-WXT-Tokens.html
[4] WEEX. (2025). WE-Launch. [Online]. Available: https://www.weex.com/we-launch
- WEEX's token burn strategy, addressing concerns in the finance and investing sector, utilizes technology to burn WXT tokens, aiming to create a deflationary effect and foster long-term market confidence.
- As a result of the token burn schedule, the circulating supply of WXT is consistently reduced, positively influencing the data on the price of WXT tokens, as seen on platforms like CoinMarketCap.
- Users within the WEEX ecosystem can benefit from holding and burning WXT tokens, gaining privileges such as lower trading fees, VIP status incentives, and higher profit-sharing rates for trading agents, thus encouraging active platform participation.
