WEEX exchange burned 2 million dollars worth of WXT, accounting for 0.61% of the total supply.

On August 4, 2025, leading crypto assets exchange WEEX completed the second quarter token burning of WEEX Token (WXT) according to its token burning plan. A total of 60,509,555 WXT were burned, accounting for approximately 0.61% of the initial total supply. Based on the coin price at the time of burning, this is valued at around 2 million dollars, reflecting WEEX's ongoing commitment to its long-term rise and token economic structure.

Token burning continues: The strategic token burning plan of the WEEX exchange.

WEEX conducted its first token burning on January 31, 2025, with a destruction amount of up to 4,000,000,000 WXT (accounting for 40% of the total supply). Thereafter, the company plans to carry out a destruction every quarter, usually completing the destruction operation of the previous quarter at the beginning of each quarter. WEEX will use 20% of its quarterly profits (from contract and spot trading fees, listing fees, and other income) to repurchase and burn WXT tokens, to continuously fulfill its commitment to build a token deflation mechanism.

Releasing Value: The Benefits of Holding and Token Burning WXT

As a platform Token, WXT enhances user engagement and loyalty by providing exclusive rights, trading fee discounts, and incentives for long-term holding, thereby promoting the rise and long-term competitiveness of WEEX. WXT holders will be eligible for regular new coin airdrops, providing them with more opportunities for profit. The amount of WXT held will also affect the user's VIP level, with higher levels enjoying more exclusive rights and better fee rates. In addition, traders holding WXT enjoy a higher profit-sharing ratio on orders, incentivizing them to actively participate in platform activities.

The WXT token burning mechanism is a key element of the WEEX growth strategy, aimed at reducing the token supply to support long-term value rise. Since its launch at a price of $0.01 in August 2023, the WXT price has soared by 340%, reaching $0.034 at the time of writing, reflecting the increasing market confidence. The coin price has risen in tandem with platform revenue, creating a virtuous cycle that not only rewards loyal WEEX users but also promotes sustainable growth of the platform and token value.

Future Vision: WEEX Aiming for Global Market Leadership

WEEX has achieved several significant milestones in 2025, including a global team size of over 500 people, the establishment of an international studio in Dubai, and the acquisition of a BSP license. With these strategic initiatives and its leading liquidity advantage, WEEX aims to cover over 10 million global users, with a daily trading volume exceeding $10 billion, thereby laying the foundation for the platform's continued growth and success. The WXT burning plan plays a crucial role in this vision, creating a healthy ecosystem from which both the platform and its beloved users can benefit.

About WEEX

WEEX was established in 2018 and has quickly risen to become a global leader in the Crypto Assets trading space. With a wide selection of trading pairs, rich features such as WE-Launch, and partnerships with global icons like Michael Owen, WEEX continues to provide millions of users worldwide with a top-notch trading experience.

Get more information:

Official website: WEEX Exchange

Media Inquiry: market@weexglobal.com

Customer Support: support@weex.com