WEEX Exchange Releases WXT Tokens to Strengthen Ecosystem and Reward Community Participation

adminApril 23, 2024

Singapore, Singapore, April 23, 2024, Chainwire

As a leader in the cryptocurrency market, WEEX Exchange is poised to significantly enhance its ecosystem with the introduction of the WEEX Token (WXT), a proprietary token scheduled to launch this summer.

What is WEEX? introduction

Since its founding in 2018, WEEX has quickly emerged as a leader in the cryptocurrency exchange space, offering powerful, intuitive and comprehensive trading solutions. Boasting over 2 million users worldwide, WEEX offers a wide range of trading options, including spot and futures trading, along with innovative features such as copy trading. This positions WEEX as an all-in-one platform, enabling seamless trading across a variety of digital assets.

Introducing WEEX Token WXT: The token at the heart of WEEX

As part of its ongoing efforts to improve platform usability and user engagement, WEEX introduced WXT, a token of the WEEX ecosystem that operates according to the ERC-20 standard on the Ethereum blockchain. The WEEX Token (WXT) is designed as the cornerstone of the WEEX ecosystem and serves as a dynamic incentive mechanism to reward partners, contributors, pioneers and active members of the WEEX exchange community. WXT is not just a token, but a fundamental element designed to strengthen the community participation and rewards system within the WEEX exchange.

Dynamic incentive mechanism

WEEX WXT is a dynamic incentive that recognizes and rewards the contributions and active participation of WEEX community members. This innovative approach transforms interactions within the platform, ensuring that contributions and participation are fairly recognized and rewarded.

WXT’s Technical Assurance: Audit and Security

The security and integrity of WXT is of the utmost importance. A comprehensive audit by BEOSIN, a leading Web3.0 smart contract audit firm, confirmed the robustness, network security, and risk management protocols of WXT smart contracts, ensuring safety and scalability for wider adoption.

Exclusive benefits for WXT holders

By holding WXT, you can enjoy numerous exclusive benefits designed to enrich your trading experience at WEEX.

Futures Fee Discount: Holders can enjoy a 20% discount on trading fees through Futures Pro.
Referral Bonus: Enhanced commission rates for those bringing new traders to the platform.
Copy Trader Benefits: Additional revenue sharing for copy trading participants.
Exclusive Benefits: Opportunity to earn additional interest and rewards.
Exclusive airdrop rewards: Access unique airdrops and promotional rewards.

WEEX WXT supply and distribution

The total supply of WEEX WXT is 10 billion units, with an initial circulation of 3.9 billion units. WXT’s distribution and release schedule is as follows:

Investor Protection Fund: 1.5 billion WEEX WXT (15%) is reserved to compensate for losses not caused by user error, ensuring safe and worry-free trading.

WXT Ecosystem Fund: 1.5 billion WEEX WXT (15%) is dedicated to supporting project incubation, supporting startup growth, and promoting innovation in Web3 technology.

Private Sale: 500 million WEEX WXT (5%) will be locked for one year with linear monthly releases after lock, rewarding WEEX exchange partners for their growth and share in the success of the platform.

Retention incentives: 1.5 billion WEEX WXT (15%) will be issued at 3% per year over 5 years to reward investors for holding, staking and mining WXT and recognize their contribution to the WXT ecosystem and network.

The remaining 5 billion WEEX WXT (50%) supports the continued development of the WEEX exchange ecosystem, including:

Team Incentives: Web3 To attract and retain the industry’s best talent and motivate teams to achieve WEEX’s key objectives and long-term strategic goals 2 billion WEEX WXT (20%), locked in for one year at 2% every six months over five years .

User Acquisition and Retention: 1.5 billion WEEX WXT (15%) will be issued at 3% per year over 5 years to ensure user growth and achieve key milestones in market expansion.

Brand Building/KOL Partnerships: 1.5 billion WEEX WXT (15%), 3% issued annually over 5 years for brand development alliances and partnerships with leading Web3 industry KOLs to enhance visibility and transparency of WEEX and WXT.

Exclusive Holder Benefits

To achieve ecosystem incentives and share development benefits with the community, WXT was created as a utility token with a wide range of planned usage and authorization mechanisms.

– Launch pad: Holding WXT grants you access to exclusive airdrops from projects deemed promising by the WEEX WXT team.

– Exclusive holder benefits: These include discounted trading fees on the WEEX platform, higher commission rebates, VIP privileges for holding a certain amount of WXT, higher profit sharing ratios for featured traders, earning interest on your WEEX WXT holdings, exclusive airdrops and voting rights for featured projects. This is included. Coin List.

– Deflation mechanism: WEEX Exchange will launch a WXT buyback and disposal program on an opportunistic basis.

How to get WEEX token WXT?

The WXT pre-sale is only for WEEX affiliates, and limited-time discounts are provided to participating members. (Users can apply to become a WEEX affiliate here)

Other users can earn WXT through registering new users, mining transactions, and participating in upcoming WEEX events and activities.

Outlook: Impact of WEEX and WXT on Cryptocurrency Trading

With the launch of WXT, WEEX is not simply launching a token. We are strengthening our ecosystem to provide more value to our loyal users. The WEEX WXT team is optimistic that this initiative will attract a wider audience, foster greater community engagement, and solidify WEEX’s position as a major competitor in the cryptocurrency exchange landscape.

WEEX is integrating WXT to introduce new features to cryptocurrency trading, and aims to facilitate trading within the platform and provide tokens that reward participation and loyalty.

For more information and regular updates on WXT and other services, traders and cryptocurrency enthusiasts are encouraged to visit the official WEEX website. As the launch date approaches, the cryptocurrency community is excited to see how WXT will shape the future of WEEX trading.

Introduction to WeX

WEEX stands out as a pioneering cryptocurrency exchange founded in 2018 and is known for its security-centric approach and user-friendly trading platform. Licensed by MSB in the US and Canada, WEEX operates within a strict regulatory framework, offering traders a wide range of coins and trading pairs. These include the Spot 116 and Futures Pro 176, with more than 5 new pairs listed each day. WEEX, a security-focused, user-friendly cryptocurrency futures trading platform, is committed to enhancing the trading journey by offering a variety of services designed to suit traders of all levels. Among these services are low-commission futures trading, zero-commission spot trading, and the option to use up to 200x leverage on derivatives. The platform’s unwavering commitment to user safety and its position as a versatile choice for traders around the world in the ever-evolving cryptocurrency market solidify its reputation as a leading exchange.

Users can sign up for a WEEX account here: https://www.weex.com/register

Users can visit WEEX official website: https://www.weex.com/

Media Email: (email protected)

WEEX Customer Support: (email protected)

Transaction Quantity and MM: (email protected)