The WEEX Exchange has officially introduced its platform token, WEEX Token (WXT), into the market.

Amid ongoing market corrections and a bearish trend for many altcoins, WXT launched in a turbulent period. Despite initial challenges, WXT has begun to rise steadily, currently up by 20%, demonstrating its strong foundational support and potential in the current market landscape.

What Underpins WXT's Value? Is It a Good Long-Term Investment? How to Get WXT Airdrops?

This article delves into WXT's token economic model, holder benefits, deflation mechanism, and more, based on its whitepaper.

Value Proposition: WXT as a "Profit Maker"

The issuance of WEEX Token (WXT) was driven by WEEX's commitment to "Community first." The token aims to share the platform's growth dividends with users and partners while fostering long-term loyalty and sustainable development.

WXT offers numerous holding benefits, such as:

• Launchpool: By staking WXT, users can participate in WEEX Launchpool projects and earn free airdrops of popular tokens. So far, WEEX has hosted two Launchpool events, distributing 83,333,333 TRUTH and 37,000 ZK.

• Launchpad: WXT holders get priority access to new coin offerings on WEEX Launchpad. According to WEEX's 2024 Launchpool & Launchpad plan, the annualized return for holding WXT can reach up to 64%.

• Fee Discounts: Using WXT for WEEX spot trading fees offers a 30% discount. Additionally, holding a certain amount of WXT provides exclusive tiered contract fee discounts (currently 20%).

• Enhanced Referral Rewards: Holding 100,000 WXT for over 30 days boosts referral rewards by 15%.

• VIP Privileges: Users holding more than 1,000,000 WXT enjoy expedited large deposit and withdrawal services.

• Universal Airdrops: WXT holders can participate in airdrops of various project tokens and USDT trial funds.

• Interest on Holdings: Future plans include offering interest rewards on specific financial products for WXT holders.

• Voting for Token Listings: Holding a certain amount of WXT provides voting rights for token listings.

These holding benefits make WXT a "profit maker," offering continuous wealth benefits and solidifying its value foundation.

Ecosystem Foundation: 55% WXT to Incentivize the Community

WXT is designed as a global incentive token to reward WEEX Exchange community partners, contributors, pioneers, and active members. According to its token economic model, 55% of the tokens will be allocated to active users, partners, and team contributors, with a 10-year lock-in period to ensure the orderly achievement of WEEX's long-term strategic goals.

New User Acquisition Campaigns

1 billion WXT (10%), releasing 1% annually, with 0.25% already released, is used for new user acquisition rewards and incentives, ensuring WEEX's user and trading volume growth.

Brand Promotion

1.5 billion WXT (15%), releasing 1.5% annually starting in December 2024, is dedicated to WEEX's brand building and media partner alliance plan, aiming to enhance brand visibility and transparency.

Partner Ecosystem Fund

1.5 billion WXT (15%), releasing 1.5% annually starting in August 2024, rewards WEEX Exchange partners, incentivizes long-term cooperation, and shares benefits.

Team Incentives

1.5 billion WXT (15%), releasing 1.5% annually starting in April 2025, aims to attract and retain top Web3 talent, incentivizing team members to achieve key performance goals and supporting WEEX's long-term development strategy.

The remaining 45% includes the WXT Ecosystem Fund (20%, releasing 2% annually) and the WEEX Investor Protection Fund (25%). The former supports Web3 startup projects, while the latter ensures user asset safety and worry-free trading.

From the allocation mechanism, over 50% of WXT will be distributed to the community and WEEX Exchange ecosystem partners. As WEEX's user base and ecosystem grow, WXT holdings will become increasingly decentralized and democratized.

From the release cycle, 75% of WXT has a 10-year lock-in period, covering at least two crypto bull and bear cycles. The remaining 25% (Investor Protection Fund), though not locked, is intended for long-term holdings and used only in abnormal situations to compensate for unexpected user fund losses.

This mechanism ensures that WXT will not face immediate release pressure, contributing to price stability and supporting market value management. This aligns with WEEX's commitment to long-term success for the trading platform and its ecosystem community. It reflects the team's dedication to a "long-termism" philosophy, emphasizing sustainable growth and prosperity.

Prodigious Deflation: 90% WXT Buyback and Burn

WXT's maximum supply is 10 billion tokens. However, the whitepaper promises that WEEX will periodically use a portion of its platform profits to buy back WXT from the secondary market and permanently burn it until the total supply is reduced to 1 billion tokens. This enhances its scarcity, ensuring long-term value returns for holders. Buyback details and burn records will be publicly available on the blockchain, ensuring transparency and market trust. This will positively impact WXT's long-term value 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, with a daily trading volume exceeding $1 billion. WEEX has maintained stable profitability since the "crypto winter" of 2022, achieving 100% monthly trading volume growth.

This robust foundation supports WXT's buyback and burn, while the 90% deflation target implies significant appreciation potential, fostering strong confidence in maintaining its long-term price strength.

Since 2018, the WEEX team has been committed to "making blockchain technology accessible to the masses," navigating multiple bull and bear cycles, and accumulating extensive market experience. With safe, user-friendly, professional, and compliant services, WEEX has quickly grown into an open, transparent, and trustworthy trading platform.

With WXT's launch, binding more ecosystem partners will drive WEEX's growth, realizing a mutual empowerment mechanism between the exchange and the platform token. For example, WEEX's top 50 quarterly trading volume users can subscribe to WXT at a 20% discount, boosting WEEX's overall trading volume and user activity.

WXT is currently conducting a Partner Presale and a "Ribbon Cutting Event" for users. Partners invite new users to register to earn points, unlocking WXT 30% discount subscription quotas; new users completing registration, KYC, deposit, and contract trading tasks can receive WXT airdrops, earning up to 198,700 WXT.

Looking ahead, WEEX is committed to delivering a secure, privacy-protected, and user-friendly trading platform. By leveraging WXT's potential, WEEX aims to build a diverse and robust blockchain financial ecosystem, driving innovation and development within the cryptocurrency industry, and co-creating and sharing the benefits of Web3 growth with millions of users and partners worldwide.

WEEX Official Website: www.weex.com

WTX Zone: www.weex.com/wxt

WEEX Mandarin Community: https://t.me/weex_group

WEEX Official X: https://twitter.com/WEEX_Official