Recently, the platform token WEEX Token (WXT) of the WEEX exchange was officially launched.
At a time when the cryptocurrency market is undergoing continuous adjustments and many altcoins have fallen back into a bear market, the market is like a startled bird. The launch of WXT at this time seems somewhat untimely. However, after the launch of WXT, it steadily rose after a brief period of washing, accumulating a 20% increase so far, demonstrating the blue-chip nature and value support of the platform token in the current atmosphere of panic in the market.
What is the value support of WXT? Is it suitable for long-term holding? What are the ways to obtain WXT airdrops? This article will provide a detailed introduction to WXT's token economic model, holder rights, deflation mechanism, etc., combined with the white paper.
Value Support: WXT Becomes the "Golden Shovel"
The original intention of issuing WEEX Token (WXT) is to fulfill WEEX's commitment to "user first, win-win cooperation," sharing platform development dividends with users and partners, and binding more loyal users and partners with WXT to achieve the sustainable and long-term development of the WEEX platform.
For this purpose, WXT has been endowed with a basket of holding benefits, including:
Launchpool: Users can participate in the WEEX Launchpool project mining by staking WXT, and receive airdrops of popular tokens for free. As of now, WEEX has held 2 rounds of Launchpool activities, giving away 83,333,333 TRUTH and 37,000 ZK, respectively.
Launchpad: Users holding WXT can participate in the priority issuance of new coins on the WEEX Launchpad. According to the WEEX 2024 Launchpool & Launchpad plan, the annualized yield for holding WXT can be as high as 64%.
Fee Discounts: Using WXT to offset WEEX spot trading fees can enjoy a 30% fee discount. Holding a certain amount of WXT also entitles users to exclusive tiered contract fee discounts (currently 20%).
Invitation Reward Upgrade: Holding over 100,000 WXT for more than 30 days increases the invitation reward by 15%.
VIP Privileges: Users holding over 1,000,000 WXT enjoy exclusive large-scale deposit and withdrawal acceleration services.
Sunshine Airdrop: Users holding WXT can participate in the distribution of airdrops of popular tokens, including various project tokens, USDT experience funds, etc.
Holding Yield: WXT holders can earn additional interest rewards on specific financial products in the future.
Voting for Listing: Holding a certain amount of WXT entitles users to listing privileges.
This series of holding rights makes WXT a "golden shovel" for obtaining airdrops, fee reductions, and reward upgrades, continuously bringing wealth benefits to holders and solidifying the cornerstone of WXT's value.
Ecological Foundation: 55% WXT Incentive Community
WXT is set as a global ecological incentive token, used to incentivize partners, contributors, pioneers, and active members of the WEEX exchange community. From the perspective of the token economic model, 55% of the tokens will be allocated to active users, partners, and team contributors, with a lock-up period of up to 10 years to ensure the orderly realization of WEEX's long-term strategy and phased goals.
User Acquisition: 1 billion WXT (10%), with an annual release of 1%, of which 0.25% has been released. It is used for user acquisition rewards and incentivizing new users to ensure the growth of WEEX users and trading volume.
Brand Promotion: 1.5 billion WXT (15%), with an annual release of 1.5%, starting from December 2024. It is used for WEEX brand building and media partner alliance plans, aiming to attract industry media and high-quality KOL cooperation to enhance the brand awareness and transparency of WEEX and WXT.
Partner Ecological Fund: 1.5 billion WXT (15%), with an annual release of 1.5%, starting from August 2024. It is used to reward partners of the WEEX exchange, incentivize long-term cooperation, and share profits.
Team Incentives: 1.5 billion WXT (15%), with an annual release of 1.5%, starting from April 2025. It is used to attract and retain top talents in the Web3 field, incentivize team members to achieve key performance goals and the long-term development strategy of WEEX.
The remaining 45% includes the WXT ecological fund (20%, with an annual release of 2%) and the WEEX investor protection fund (25%). The former is used to support Web3 startups and grow together with ecological partners, while the latter is used to increase the WEEX investor protection fund to ensure the security of user assets and worry-free trading.
From the allocation mechanism, over 50% of WXT will be distributed to the community and ecological partners of the WEEX exchange. In the future, as the scale of WEEX users and the ecosystem continue to grow, the holding of WXT will become more decentralized and democratized.
In terms of the release period, 75% of WXT has a lock-up period of up to 10 years, exceeding at least two rounds of cryptocurrency bull and bear cycles. The remaining 25% (investor protection fund) may not have a lock-up period, but these funds are clearly intended for long-term holding and will only be used to compensate for unexpected losses of user funds in exceptional circumstances.
This means that there is no release pressure on WXT in the short term, which is conducive to maintaining price stability and achieving market value management goals. This mechanism design also reflects WEEX's original intention to seek long-term prosperity for the trading platform and ecological community, firmly adhering to the team's belief in "long-termism."
Extreme Deflation: 90% WXT Repurchase and Burn
The maximum supply of WXT is 10 billion tokens, which may seem high, but the white paper promises that WEEX will regularly use a portion of the platform's profits to repurchase WXT from the secondary market and permanently burn them until the total supply is reduced to 1 billion tokens, enhancing its scarcity and ensuring long-term value returns for holders. Repurchase details and burn records will be permanently publicized on the blockchain to ensure transparency and market trust. This will have a positive impact on the long-term value of WXT and strengthen its ecosystem.
As a global top 10 derivatives trading platform, WEEX has over 2 million registered users, with market coverage in over 30 countries and regions, and a daily trading volume exceeding $1 billion. The platform began to achieve stable profits as early as the "crypto winter" in 2022 and has maintained a high growth rate of 100% in monthly trading volume.
The top-tier strength and rapid growth provide solid guarantees for the repurchase and burn of WXT, and the 90% deflation target means that WXT is expected to appreciate 10 times its market value, undoubtedly injecting strong belief into its long-term price stability.
Since 2018, the WEEX team has carried the fervent belief of "making blockchain technology benefit the public," traversing multiple bull and bear cycles, and accumulating deep market experience in the full-cycle operation of cryptocurrency assets. With its secure, user-friendly, professional, and compliant service experience, as well as product advantages such as deep liquidity and one-click copy trading, WEEX has rapidly grown into an open, transparent, fair, and trustworthy dark horse trading platform.
Now, after the launch of WXT, more and more ecological partners are being bound, adding new driving engines to the growth flywheel of WEEX, and realizing a synergistic mechanism of mutual empowerment between the exchange and the platform token. For example, users ranked in the top 50 in total quarterly trading volume on WEEX can subscribe to WXT with a 20% discount limit, bringing a large number of high-quality buy orders to WXT, and also increasing the overall trading volume and user activity of WEEX through incentives.
WXT is currently conducting a partner presale and user "ribbon-cutting event," where partners invite new users to register and earn points. Based on the percentage of points, they can unlock a subscription quota for WXT 7. New users who complete tasks such as registration, KYC, recharge, and contract trading can receive WXT airdrops, with a maximum of 198,700 WXT per person.
Looking ahead, WEEX will continue its mission to provide secure, privacy-protected, and user-friendly trading services. With the help of the platform token WXT, it will build a blockchain financial ecosystem covering diversified applications, promote innovation and development in the cryptocurrency industry, and create and share the development dividends of Web3 with millions of users and partners.
WEEX Official Website: www.weex.com
WTX Section: www.weex.com/wxt
WEEX Chinese Community: https://t.me/weex_group
WEEX Official X: https://twitter.com/WEEX_Official
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