On Aug. 21, WEEX announced that it had completed the burn of WXT for the second quarter of 2026 under its WXT burn model. The exchange said 64,014,084 WXT were destroyed, worth $1.0961 million at the market price on the burn date. WXT is WEEX’s incentive token, and holders can access WE-Launch airdrops and receive fee discounts of up to 70%. WEEX also said its sixth round of "contract mining" is underway, with users earning real-time fee rebates paid in WXT through futures trading.
WEEX said on Aug. 21 that it had completed the burn of WXT for the second quarter of 2026, citing its WXT Burn Model as the basis for the move.
The exchange said 64,014,084 WXT were burned in the latest round. Based on the market price on the burn date, the tokens were worth $1.0961 million.
WXT is WEEX’s incentive token. Holders can take part in WE-Launch project airdrops and receive exclusive benefits, including fee discounts of up to 70%.
WEEX also previously said its sixth round of "contract mining" was in progress. Under that program, users can earn real-time fee rebates paid in WXT by trading futures.
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