On August 4, 2025, the global leading cryptocurrency exchange WEEX officially completed the quarterly destruction of its platform token WXT. According to public data, the on-chain destruction record shows a total of 60,509,555 WXT tokens destroyed in this round, accounting for 0.61% of the initial total supply, equivalent to approximately $2 million at current market prices. This action not only continues the platform token's deflationary mechanism but also lays the foundation for WXT's future value support and market confidence.
Destruction Mechanism Normalized, Promoting Token Economic Structure Optimization
According to public information, WEEX exchange launched the WXT destruction mechanism in January this year, planning to execute it quarterly thereafter, using 20% of its quarterly profits (from contract and spot trading fees, listing fees, and other income) to repurchase WXT in the secondary market and then destroy it. Destruction History Review:
(Total supply now reduced to: 5,875,796,177 WXT, cumulative destruction amount: 4,124,203,823 WXT) Through continuous quarterly destruction, WEEX is expected to maintain ecosystem activity while continuously releasing the platform token's value potential, optimizing token structure, and enhancing the platform token's scarcity and medium-to-long-term value expectations!
Empowerment and Value Release in Parallel, User Ecosystem Benefits
As a core equity asset, WXT can be used not only for trading fee discounts, higher copy trading profit ratios, platform governance participation, exclusive airdrops, and incentives, but also gradually establishes its role as a bond for user loyalty and ecosystem participation. As WEEX accelerates global market expansion and continuously improves user volume and activity, WXT holders enjoy lower transaction costs while simultaneously sharing platform growth dividends. Additionally, WXT provides a differentiated value acquisition channel for institutional users and long-term traders, becoming an important component of their asset allocation strategy. Since 2023, WXT price has risen from $0.01, reaching a historical high of over $0.037, with an increase of over 240% in 2025. This rise is not purely driven by market speculation but is a result of platform fundamentals enhancement and deflationary expectations.
WEEX Global Expansion, Platform Token Becomes Value Anchor
So far, WEEX has achieved important milestones in 2025, including expanding its global team to over 500 members, establishing an international Studio in Dubai, and obtaining a BSP license. Leveraging these strategic measures and its market-leading contract liquidity, WEEX aims to reach over 10 million global users and exceed $10 billion in daily trading volume, providing guarantees for the platform's continuous growth and success. The WXT destruction plan plays a crucial role in this vision, creating a healthy ecosystem that benefits the platform and its large, loyal user base!
