{"id":17494,"date":"2025-01-31T14:09:41","date_gmt":"2025-01-31T07:09:41","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=17494"},"modified":"2025-01-31T14:09:41","modified_gmt":"2025-01-31T07:09:41","slug":"weex-completes-first-ever-burn-120-million-worth-of-wxt-reducing-supply-by-40-could-wxt-be-the-next-100x-gem","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=17494","title":{"rendered":"WEEX Completes First-Ever Burn $120 Million Worth of WXT, Reducing Supply by 40% &#8212; Could WXT Be the Next 100x Gem?"},"content":{"rendered":"<p><span class=\"legendSpanClass\"><span class=\"xn-location\">SINGAPORE<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Jan. 30, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Platform tokens like BNB and BGB have demonstrated their ability to create immense value through well-planned tokenomics strategies. Following these examples, <u><a href=\"https:\/\/www.weex.com\/register?utm_campaign=20250128wxtmtsen2&amp;utm_medium=pr&amp;_channel_track_key=oGOCUhHr&amp;utm_source=seo&amp;utm_content=register\" target=\"_blank\" rel=\"nofollow\">WEEX<\/a><\/u> is set to execute a significant milestone: the planned destruction of 40% of WXT&#8217;s total supply, valued at <span class=\"xn-money\">$120 million<\/span>, signals a strategic step towards increasing scarcity and enhancing the token&#8217;s utility within the WEEX ecosystem.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\">\n<p> <a href=\"https:\/\/mma.prnasia.com\/media2\/2608732\/WEEX.html\" target=\"_blank\" rel=\"nofollow\"> <img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2608732\/WEEX.jpg?p=medium600\" title=\"WEEX Completes First-Ever Burn $120 Million Worth of WXT, Reducing Supply by 40% \u2014 Could WXT Be the Next 100x Gem?\" alt=\"WEEX Completes First-Ever Burn $120 Million Worth of WXT, Reducing Supply by 40% \u2014 Could WXT Be the Next 100x Gem?\" \/> <\/a> <br \/><span>WEEX Completes First-Ever Burn $120 Million Worth of WXT, Reducing Supply by 40% \u2014 Could WXT Be the Next 100x Gem?<\/span><\/p>\n<\/div>\n<p><b>WXT <span class=\"xn-money\">$120 Million<\/span> Burn vs. BNB and BGB<\/b><\/p>\n<p>As outlined in the burn process, WEEX ensures complete transparency by recording every token burn event on-chain. Such openness reinforces investor confidence and showcases the platform&#8217;s dedication to responsible token management.<\/p>\n<p><b>Key Post-Burn Metrics<\/b><\/p>\n<ul type=\"disc\">\n<li><b>Token Name:<\/b> WEEX Token (WXT)<\/li>\n<li><b>Blockchain:<\/b> Ethereum (ERC-20)<\/li>\n<li><b>Total Supply After Burn:<\/b> 6,000,000,000<\/li>\n<li><b>Burned Token Value:<\/b> <span class=\"xn-money\">$120 million<\/span><\/li>\n<\/ul>\n<p>For comparison, Binance&#8217;s 30th quarterly burn eliminated 1.63 million BNB, valued at <span class=\"xn-money\">$1.16 billion<\/span>, while Bitget unveiled a plan to burn over <span class=\"xn-money\">$5 billion<\/span> worth of BGB tokens, WEEX&#8217;s upcoming burn stands out as a bold move to immediately reduce WXT&#8217;s supply by 40%. With plans for regular quarterly burns in the future, this initial large-scale reduction signals WEEX&#8217;s commitment to aligning with proven strategies in the industry while tailoring its approach to meet the platform&#8217;s growth and community needs.<\/p>\n<p><b>Expanding Utility Across the WEEX Ecosystem<\/b><\/p>\n<div class=\"wcag-arialevel-4\" role=\"heading\">   <b>A Growing Ecosystem Backed by Numbers<\/b>  <\/div>\n<p>Since its launch in <span class=\"xn-chron\">August 2023<\/span>, <u><a href=\"https:\/\/www.weex.com\/wxt?utm_campaign=20250128wxtmtsen1&amp;utm_medium=pr&amp;_channel_track_key=73xdg3g7&amp;utm_source=seo&amp;utm_content=register\" target=\"_blank\" rel=\"nofollow\">WXT<\/a><\/u> has seen a cumulative price increase of 384%, reflecting its growing utility and market confidence. Over the past year, WEEX has solidified its presence in the global cryptocurrency market:<\/p>\n<ul type=\"disc\">\n<li><b>Daily Trading Volume:<\/b> Exceeding <span class=\"xn-money\">$20 billion<\/span>, consistently ranking among the top 10 derivatives exchanges.<\/li>\n<li><b>Active User Base:<\/b> Over 5 million users, supported by partnerships with 10000 star traders and 2000 global influencers.<\/li>\n<li><b>Security and Transparency:<\/b> Backed by a 1000 BTC investor protection fund and on-chain verification of all token burns.<\/li>\n<\/ul>\n<p>These figures underscore the platform&#8217;s robust foundation and the critical role WXT plays in its ecosystem.<\/p>\n<p><b>A Systematic Burn Schedule for Sustainable Growth<br \/><\/b>The whitepaper also highlights WEEX&#8217;s ongoing commitment to reducing WXT&#8217;s circulating supply through quarterly burns. This process involves allocating 20% of the exchange&#8217;s quarterly revenue\u2014including spot and futures transaction fees and listing fees\u2014for token repurchases and subsequent destruction.<\/p>\n<p>Such a systematic approach ensures WXT remains deflationary, sustaining its scarcity while reinforcing its value proposition within the ecosystem.<\/p>\n<div class=\"wcag-arialevel-4\" role=\"heading\">   <b>Benefits for WXT Holders<\/b>  <\/div>\n<p>The whitepaper emphasizes WXT&#8217;s integration into the WEEX platform&#8217;s comprehensive offerings,too. WXT holders enjoy numerous benefits:<\/p>\n<p><b>1\uff09Fee Discounts:<\/b> Up to 70% off futures trading fees, making trading more cost-efficient.<\/p>\n<p><b>2\uff09Profit Opportunities:<\/b> Enhanced profit-sharing through copy trading and VIP upgrades.<\/p>\n<p><b>3\uff09Exclusive Airdrops:<\/b> Access to high-value token airdrops via the WE-Launch program, with annualized returns potentially exceeding 140%.<\/p>\n<p><b>4\uff09Governance Rights:<\/b> WXT holders can participate in platform decision-making, including proposals for new listings and feature updates.<\/p>\n<p>Future plans include integrating WXT into decentralized finance (DeFi) applications and extending its utility to cross-chain platforms and decentralized exchanges (DEXs), further broadening its use cases.<\/p>\n<div class=\"wcag-arialevel-4\" role=\"heading\">   <b>Will WXT Be the Next 100x Gem?<\/b>  <\/div>\n<p>The upcoming <span class=\"xn-money\">$120 million<\/span> WXT burn is poised to make an impact in the competitive landscape of platform tokens. By reducing its supply significantly, WEEX creates a foundation for WXT&#8217;s scarcity-driven value potential, positioning it alongside successful examples like BNB and BGB.<\/p>\n<p>As WEEX continues to innovate and expand globally, WXT&#8217;s future will be shaped by its ability to adapt to market demands and deliver value to its holders. Whether WXT achieves &#8220;100x gem&#8221; status will depend on the platform&#8217;s sustained efforts to refine its tokenomics and expand its applications.<\/p>\n<p>For those seeking a platform token with robust fundamentals and growth potential, WXT presents a compelling opportunity as it navigates the next stage of its evolution.<\/p>\n<p><b>About WEEX<\/b><\/p>\n<p>Founded in 2018, WEEX has quickly emerged as a global leader in cryptocurrency trading. With an extensive selection of trading pairs, cutting-edge features like WE-Launch, and partnerships with global icons like <span class=\"xn-person\">Michael Owen<\/span>, WEEX continues to redefine the trading experience for millions worldwide.<\/p>\n<p><b>For more information:<\/b><\/p>\n<p><b>Website<\/b>:<a href=\"https:\/\/www.weex.com\/?utm_campaign=20250128wxtmtsen5&amp;utm_medium=pr&amp;_channel_track_key=xPNByyQ8&amp;utm_source=seo&amp;utm_content=register\" target=\"_blank\" rel=\"nofollow\">\u00a0<\/a><u><a href=\"https:\/\/www.weex.com\/?utm_campaign=20250128wxtmtsen5&amp;utm_medium=pr&amp;_channel_track_key=xPNByyQ8&amp;utm_source=seo&amp;utm_content=register\" target=\"_blank\" rel=\"nofollow\">WEEX Exchange<\/a><\/u><\/p>\n<p>\u00a0<\/p>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">SINGAPORE<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Jan. 30, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Platform tokens like BNB and BGB have demonstrated their ability to create immense value through well-planned tokenomics strategies. Following these examples, <u><a href=\"https:\/\/www.weex.com\/register?utm_campaign=20250128wxtmtsen2&amp;utm_medium=pr&amp;_channel_track_key=oGOCUhHr&amp;utm_source=seo&amp;utm_content=register\" target=\"_blank\" rel=\"nofollow\">WEEX<\/a><\/u> is set to execute a significant milestone: the planned destruction of 40% of WXT&#8217;s total supply, valued at <span class=\"xn-money\">$120 million<\/span>, signals a strategic step towards increasing scarcity and enhancing the token&#8217;s utility within the WEEX ecosystem.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\">\n<p> <a href=\"https:\/\/mma.prnasia.com\/media2\/2608732\/WEEX.html\" target=\"_blank\" rel=\"nofollow\"> <img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2608732\/WEEX.jpg?p=medium600\" title=\"WEEX Completes First-Ever Burn $120 Million Worth of WXT, Reducing Supply by 40% \u2014 Could WXT Be the Next 100x Gem?\" alt=\"WEEX Completes First-Ever Burn $120 Million Worth of WXT, Reducing Supply by 40% \u2014 Could WXT Be the Next 100x Gem?\" \/> <\/a> <br \/><span>WEEX Completes First-Ever Burn $120 Million Worth of WXT, Reducing Supply by 40% \u2014 Could WXT Be the Next 100x Gem?<\/span><\/p>\n<\/div>\n<p><b>WXT <span class=\"xn-money\">$120 Million<\/span> Burn vs. BNB and BGB<\/b><\/p>\n<p>As outlined in the burn process, WEEX ensures complete transparency by recording every token burn event on-chain. Such openness reinforces investor confidence and showcases the platform&#8217;s dedication to responsible token management.<\/p>\n<p><b>Key Post-Burn Metrics<\/b><\/p>\n<ul type=\"disc\">\n<li><b>Token Name:<\/b> WEEX Token (WXT)<\/li>\n<li><b>Blockchain:<\/b> Ethereum (ERC-20)<\/li>\n<li><b>Total Supply After Burn:<\/b> 6,000,000,000<\/li>\n<li><b>Burned Token Value:<\/b> <span class=\"xn-money\">$120 million<\/span><\/li>\n<\/ul>\n<p>For comparison, Binance&#8217;s 30th quarterly burn eliminated 1.63 million BNB, valued at <span class=\"xn-money\">$1.16 billion<\/span>, while Bitget unveiled a plan to burn over <span class=\"xn-money\">$5 billion<\/span> worth of BGB tokens, WEEX&#8217;s upcoming burn stands out as a bold move to immediately reduce WXT&#8217;s supply by 40%. With plans for regular quarterly burns in the future, this initial large-scale reduction signals WEEX&#8217;s commitment to aligning with proven strategies in the industry while tailoring its approach to meet the platform&#8217;s growth and community needs.<\/p>\n<p><b>Expanding Utility Across the WEEX Ecosystem<\/b><\/p>\n<div class=\"wcag-arialevel-4\" role=\"heading\">   <b>A Growing Ecosystem Backed by Numbers<\/b>  <\/div>\n<p>Since its launch in <span class=\"xn-chron\">August 2023<\/span>, <u><a href=\"https:\/\/www.weex.com\/wxt?utm_campaign=20250128wxtmtsen1&amp;utm_medium=pr&amp;_channel_track_key=73xdg3g7&amp;utm_source=seo&amp;utm_content=register\" target=\"_blank\" rel=\"nofollow\">WXT<\/a><\/u> has seen a cumulative price increase of 384%, reflecting its growing utility and market confidence. Over the past year, WEEX has solidified its presence in the global cryptocurrency market:<\/p>\n<ul type=\"disc\">\n<li><b>Daily Trading Volume:<\/b> Exceeding <span class=\"xn-money\">$20 billion<\/span>, consistently ranking among the top 10 derivatives exchanges.<\/li>\n<li><b>Active User Base:<\/b> Over 5 million users, supported by partnerships with 10000 star traders and 2000 global influencers.<\/li>\n<li><b>Security and Transparency:<\/b> Backed by a 1000 BTC investor protection fund and on-chain verification of all token burns.<\/li>\n<\/ul>\n<p>These figures underscore the platform&#8217;s robust foundation and the critical role WXT plays in its ecosystem.<\/p>\n<p><b>A Systematic Burn Schedule for Sustainable Growth<br \/><\/b>The whitepaper also highlights WEEX&#8217;s ongoing commitment to reducing WXT&#8217;s circulating supply through quarterly burns. This process involves allocating 20% of the exchange&#8217;s quarterly revenue\u2014including spot and futures transaction fees and listing fees\u2014for token repurchases and subsequent destruction.<\/p>\n<p>Such a systematic approach ensures WXT remains deflationary, sustaining its scarcity while reinforcing its value proposition within the ecosystem.<\/p>\n<div class=\"wcag-arialevel-4\" role=\"heading\">   <b>Benefits for WXT Holders<\/b>  <\/div>\n<p>The whitepaper emphasizes WXT&#8217;s integration into the WEEX platform&#8217;s comprehensive offerings,too. WXT holders enjoy numerous benefits:<\/p>\n<p><b>1\uff09Fee Discounts:<\/b> Up to 70% off futures trading fees, making trading more cost-efficient.<\/p>\n<p><b>2\uff09Profit Opportunities:<\/b> Enhanced profit-sharing through copy trading and VIP upgrades.<\/p>\n<p><b>3\uff09Exclusive Airdrops:<\/b> Access to high-value token airdrops via the WE-Launch program, with annualized returns potentially exceeding 140%.<\/p>\n<p><b>4\uff09Governance Rights:<\/b> WXT holders can participate in platform decision-making, including proposals for new listings and feature updates.<\/p>\n<p>Future plans include integrating WXT into decentralized finance (DeFi) applications and extending its utility to cross-chain platforms and decentralized exchanges (DEXs), further broadening its use cases.<\/p>\n<div class=\"wcag-arialevel-4\" role=\"heading\">   <b>Will WXT Be the Next 100x Gem?<\/b>  <\/div>\n<p>The upcoming <span class=\"xn-money\">$120 million<\/span> WXT burn is poised to make an impact in the competitive landscape of platform tokens. By reducing its supply significantly, WEEX creates a foundation for WXT&#8217;s scarcity-driven value potential, positioning it alongside successful examples like BNB and BGB.<\/p>\n<p>As WEEX continues to innovate and expand globally, WXT&#8217;s future will be shaped by its ability to adapt to market demands and deliver value to its holders. Whether WXT achieves &#8220;100x gem&#8221; status will depend on the platform&#8217;s sustained efforts to refine its tokenomics and expand its applications.<\/p>\n<p>For those seeking a platform token with robust fundamentals and growth potential, WXT presents a compelling opportunity as it navigates the next stage of its evolution.<\/p>\n<p><b>About WEEX<\/b><\/p>\n<p>Founded in 2018, WEEX has quickly emerged as a global leader in cryptocurrency trading. With an extensive selection of trading pairs, cutting-edge features like WE-Launch, and partnerships with global icons like <span class=\"xn-person\">Michael Owen<\/span>, WEEX continues to redefine the trading experience for millions worldwide.<\/p>\n<p><b>For more information:<\/b><\/p>\n<p><b>Website<\/b>:<a href=\"https:\/\/www.weex.com\/?utm_campaign=20250128wxtmtsen5&amp;utm_medium=pr&amp;_channel_track_key=xPNByyQ8&amp;utm_source=seo&amp;utm_content=register\" target=\"_blank\" rel=\"nofollow\">\u00a0<\/a><u><a href=\"https:\/\/www.weex.com\/?utm_campaign=20250128wxtmtsen5&amp;utm_medium=pr&amp;_channel_track_key=xPNByyQ8&amp;utm_source=seo&amp;utm_content=register\" target=\"_blank\" rel=\"nofollow\">WEEX Exchange<\/a><\/u><\/p>\n<p>\u00a0<\/p>\n<p><!-- \/wp:html --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-17494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/17494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17494"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/17494\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}