WEEX Completes Q2 2026 WXT Burn, Destroying $1.0961 Million in Value

On August 21, WEEX exchange announced that, to further promote the deflationary ecosystem development of its platform token WEEX Token (WXT), it has completed the Q2 2026 WXT burn in accordance with the "WXT Burn Model." The burn totaled 64,014,084 WXT, valued at $1.0961 million (calculated at the market price on the burn date).

WXT is the incentive token of the WEEX platform. Holding WXT grants access to exclusive benefits such as WE-Launch project airdrops and fee discounts of up to 70%. As previously reported, the sixth phase of WEEX's "Contract Mining" is currently underway, where users can earn real-time fee rebates paid in WXT through contract trading.