Low-key launch of slow bull market, how does WXT become users' "golden shovel"?

Recently, the platform token WEEX Token (WXT) of the WEEX exchange has officially launched.

As the cryptocurrency market continues to adjust, many altcoins have fallen back into a bear market, and the market feels like a startled bird. The launch of WXT at this time seems somewhat ill-timed. However, after a brief period of consolidation, WXT has steadily climbed, accumulating a 20% increase to date, showcasing the blue-chip nature and value support of platform tokens amidst the current atmosphere of market panic.

What is the value support of the WXT token? 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, deflationary mechanism, and more, in conjunction 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 the platform's development dividends with users and partners, while using WXT to bind more loyal users and partners to achieve the sustainable and long-term development of the WEEX platform.

To this end, WXT is endowed with a basket of benefits for holders, including:

Launchpool: Users can stake WXT to participate in WEEX Launchpool project mining and receive airdrops of popular tokens for free. So far, WEEX has held 2 Launchpool events, distributing 83,333,333 TRUTH and 37,000 ZK.

Launchpad: Users holding WXT can participate in new coin offerings on WEEX Launchpad with priority. According to WEEX's 2024 Launchpool & Launchpad plan, holders of WXT can enjoy an annualized yield of up to 64%.

Fee Discounts: Using WXT to offset WEEX spot trading fees allows for a 30% fee discount; holding a certain amount of WXT also grants exclusive tiered contract fee discounts (currently 20%).

Invitation Reward Upgrade: Holding 100,000 WXT for more than 30 days increases invitation rewards by 15%.

VIP Privileges: Users holding more than 1,000,000 WXT enjoy expedited services for large deposits and withdrawals.

Sunshine Distribution: Users holding WXT can participate in the distribution of airdrops for popular tokens, including various project tokens and USDT experience funds.

Interest on Holdings: WXT holders will be able to earn additional interest rewards on specific financial products in the future.

Voting for New Listings: Holding a certain amount of WXT grants the privilege to vote for new listings.

This series of holder rights makes WXT a "golden shovel" for obtaining airdrops, fee reductions, and reward upgrades, continuously bringing wealth benefits to holders and solidifying the value foundation of WXT.

Ecological Foundation: 55% WXT Incentivizes the Community

WXT is set as a global ecological incentive token, aimed at incentivizing 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 achievement of WEEX's long-term strategy and phased goals.

Activity New User Acquisition: 1 billion WXT (10%), released at 1% per year, with 0.25% already released. Used for new user rewards and incentives to ensure the growth rate of WEEX users and trading volume.

Brand Promotion: 1.5 billion WXT (15%), released at 1.5% per year, starting in December 2024. Used for WEEX brand building and media partner alliance plans, aimed at attracting industry media and quality KOL collaborations to enhance the brand awareness and transparency of WEEX and WXT.

Partner Ecological Fund: 1.5 billion WXT (15%), released at 1.5% per year, starting in August 2024. Used to reward WEEX exchange partners, incentivizing long-term cooperation and shared profits.

Team Incentives: 1.5 billion WXT (15%), released at 1.5% per year, starting in April 2025. Used to attract and retain top talent in Web3, incentivizing team members to strive to achieve key performance goals and WEEX's long-term development strategy.

The remaining 45% includes the WXT ecological fund (20%, released at 2% per year) and the WEEX investor protection fund (25%). The former is used to support Web3 startups and grow together with ecological partners; the latter is used to bolster the WEEX investor protection fund, ensuring user asset safety and allowing users to trade with peace of mind.

From the distribution mechanism, over 50% of WXT will be allocated to the community and WEEX exchange ecological partners. In the future, as the scale of WEEX users and ecology continues to grow, the holding of WXT will become increasingly decentralized and democratized.

In terms of the release cycle, 75% of WXT has a lock-up period of up to 10 years, exceeding at least two rounds of crypto bull and bear cycles; the remaining 25% (investor protection fund) does not have a lock-up period, but this portion of funds is clearly also intended for long-term holding, only used to compensate users for unexpected losses in case of abnormal situations.

This means that there is no release pressure on WXT in the short term, which is beneficial for maintaining price stability and achieving market value management goals. Such a mechanism design also reflects WEEX's intention to seek long-term prosperity for the trading platform and ecological community, reinforcing the team's belief in "long-termism."

Extreme Deflation: 90% WXT Buyback and Burn

The maximum supply of WXT is 10 billion tokens, which seems high, but the white paper promises that WEEX will regularly use a portion of the platform's profits to buy back WXT from the secondary market and permanently destroy it, until the total supply is ultimately reduced to 1 billion tokens, enhancing its scarcity and ensuring long-term value returns for holders. Buyback details and destruction records will be permanently made public 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 exchange, WEEX has over 2 million registered users, covering more than 30 countries and regions worldwide, with an average daily trading volume exceeding $1 billion. The platform began achieving stable profits during the "crypto winter" in 2022 and has maintained a high growth rate of 100% in monthly trading volume.

Top-tier strength and rapid growth provide solid support for WXT's buyback and burn, while the 90% deflation target means that WXT will appreciate tenfold based on reasonable market valuation, undoubtedly injecting strong confidence into maintaining its price in the long term.

Since 2018, the WEEX team has been driven by the passionate belief of "making blockchain technology accessible to the public," navigating through multiple bull and bear cycles, and deeply cultivating the cryptocurrency trading sector, accumulating rich market experience in the full-cycle operation of crypto assets. With a secure, user-friendly, and compliant service experience, as well as product advantages like trading depth and one-click copy trading, WEEX has rapidly grown into an open, transparent, fair, and trustworthy dark horse trading platform.

Now, with the launch of WXT, binding more ecological partners, it will add a new driving engine to WEEX's growth flywheel, achieving a synergistic mechanism where the exchange and platform token empower each other. For example, users ranked in the top 50 for total quarterly trading volume on WEEX can subscribe to WXT at a 20% discount limit, bringing a large amount of quality buying pressure to WXT while enhancing WEEX's overall trading volume and user activity through incentives.

WXT is currently conducting a partner presale and user "ribbon-cutting event," where partners invite new users to register to earn points, unlocking a 30% discount subscription limit for WXT based on the proportion of points; new users can receive WXT airdrops by completing tasks such as registration, KYC, deposits, and contract trading, with a maximum of 198,700 WXT available per individual.

Looking ahead, WEEX will continue to be committed to providing safe, privacy-protecting, and user-friendly trading services, leveraging the platform token WXT to build a blockchain financial ecosystem encompassing diverse applications, promoting innovation and development in the cryptocurrency industry, and co-creating and sharing the development dividends of Web3 with millions of users and partners.