On August 4, 2025, Weex, a leading cryptocurrency exchange, successfully completed second quarter burns on Weex Token (WXT) in line with the Token Burn schedule. The total amount burned is 60,509,555 WXT, accounting for about 0.61% of the total supply of tokens, worth around USD 2 million at the time of burning, reflecting WEEX’s ongoing commitment to its long-term growth and toknomics structure.
Burns continue: Weex’s strategic token burn schedule
Weex conducted its first token burn on January 31, 2025, burning 4,000,000,000 important WXT (40% of total supply). The company plans to do quarterly burns in the future, usually completed at the start of each quarter. Weex strengthens its commitment to repurchasing and burning WXT tokens to create a deflation mechanism for tokens by creating a deflation mechanism for futures and spot trading, including listing fees and other sources.
Unlock Value: Benefits of Holding and Burning WXT
As the platform’s native token, WXT drives Weex’s growth and competitiveness by enhancing user engagement and loyalty, providing exclusive benefits, reducing transaction fees, and encouraging long-term holdings. WXT holders are subject to regular airdrops of new tokens, increasing their exposure to new benefits opportunities. The amount of WXT held also affects the user’s VIP status, providing more exclusive privileges and reduced fees. Additionally, trading agents holding WXT tokens will receive a higher profit share rate and encourage active participation in the platform.
The WXT token burn mechanism serves as a key component of Weex’s growth strategy and reduces token supply to support long-term valuation. Since its launch in August 2023 for $0.01, the price of the WXT has skyrocketed 340%, reaching $0.034 at the time of writing, reflecting an increase in market trust. To match the revenues of the platform, a positive cycle is formed that not only rewards loyal users, but also promotes sustainable growth of both the platform and token value.
Vision for the Future: Weex’s Path to Global Market Leadership
Weex has achieved a significant milestone so far in 2025. This includes expanding its global team to over 500 members, establishing an international studio in Dubai and securing a BSP license. By leveraging these strategic moves and its market-leading futures liquidity, Weex aims to reach more than 10 million global users, exceeding daily trading volumes of over $10 billion, and placing the platform for continuous growth and success. The WXT Burn program plays a key role in this vision, creating a healthy ecosystem that benefits both the platform and its beloved users.
About Weex
Founded in 2018, Weex quickly emerged as a global leader in cryptocurrency trading. With a wide range of trading pairs, cutting edge features such as We-Launch and partnerships with global icons such as Michael Owen, Weex continues to redefine the trading experiences of millions around the world.
Website: Weex Exchange
Post Weex burned $2 million, with 0.61% of its total supply first appearing on Beincrypto.
