[KiloEx Announces Total Destruction of Over 13.41 Million KILO Tokens] BlockBeats News, October 16 — The decentralized derivatives trading platform KiloEx, backed by YZI Labs (formerly Binance Labs), recently executed another token burn through the xKILO vesting mechanism, bringing the total number of destroyed tokens to 13,418,836 KILO. Among these, 4,809,594 tokens were burned via the xKILO vesting mechanism, while 8,609,242 tokens from unclaimed airdrops were destroyed. KiloEx utilizes a 'customized vesting' burn mechanism, converting users' redemption choices directly into deflationary momentum: when users redeem xKILO early, the unredeemed portion is automatically burned. Additionally, users staking xKILO can earn an annualized yield of up to 31.65%. The platform currently supports trading across multiple asset classes, including contracts, spot trading, U.S. stocks, and forex, offering a CEX-level trading experience with low fees, injecting fresh competitive energy into the decentralized derivatives sector.