WEEX said its sixth "contract mining" campaign ended on Sept. 6, and the exchange has now completed a previously announced WXT buyback plan. Using its own funds, WEEX repurchased $1 million worth of WXT in the spot market through open-market purchases on Sept. 7 and 8. The exchange said the buyback covered 53,116,217 WXT at an average price of 0.018827 USDT per token.\n\nWEEX described "contract mining" as a Trade to Earn incentive program available to all users. During the campaign, users who traded contracts received real-time fee rebates paid in WXT, with the maximum rebate rate reaching 35%. The exchange said the buyback was completed as a way to reward users for supporting the platform campaign and the WXT token ecosystem.
WEEX said its sixth "contract mining" campaign ended on Sept. 6, and the exchange has completed a previously announced WXT buyback plan.
Buyback size and pricing
According to the announcement, WEEX used its own funds to carry out open-market purchases of WXT in the spot market on Sept. 7 and 8, completing a buyback worth $1 million.
The exchange said it repurchased 53,116,217 WXT at an average price of 0.018827 USDT per WXT.
How the campaign worked
WEEX said "contract mining" is a Trade to Earn trading incentive program open to all users. During the campaign, users who participated in contract trading received real-time fee rebates distributed in WXT, with the rebate rate reaching as high as 35%.
Company statement
WEEX said it completed the WXT buyback plan to reward users for their support of the platform campaign and the WXT token ecosystem.
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