According to ChainCatcher news, the WEEX Exchange official website has updated the WEEX Token (WXT) whitepaper. The new whitepaper shows that starting in 2025, WEEX plans to launch a WXT buyback and burning mechanism, with the first burning of 4 billion WXT (40% of the total supply), reducing the total supply of WXT to 6 billion. In the future, there will be a quarterly buyback and burning of WXT using 20% of WEEX's quarterly profits, and the specific amount and on-chain record of the burning will be published after completion.
WXT is the platform Token issued by the WEEX Exchange, aiming to provide exclusive rights and value returns for WEEX's loyal users and partners. The rights of WXT holders include: WE-Launch popular project Token airdrops, VIP level upgrade with discounted fees, higher commission ratios for traders, as well as future rights such as Launchpad, on-chain payment, and platform governance voting.
