WEEX completes Q2 2026 WXT token burn, destroying $1.0961 million worth

Odaily News, August 21: WEEX Cryptocurrency Exchange announced that, in order to continue advancing the deflationary ecosystem development of its exchange token WEEX Token (WXT), it has completed the Q2 2026 WXT token burn in accordance with the "WXT Burn Model." A total of 64,014,084 WXT tokens were burned this time, with a destruction value of $1.0961 million (calculated based on market price on the burn date). On-chain record.

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 "Futures Mining" is currently underway, where users who trade futures contracts can receive real-time fee rebates paid in WXT.