The WEEX Exchange has officially launched its platform token, WEEX Token (WXT), despite the ongoing market fluctuations and many altcoins reverting to bear market conditions. Launched during this challenging period, WXT has shown resilience by climbing steadily, currently up by 20%, illustrating its blue-chip nature and value support amidst market panic.

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, benefits for holders, deflation mechanism, and more, based on its whitepaper.

Value Proposition: WXT as a "Profit Maker"

WEEX Token (WXT) was issued to fulfill WEEX's commitment to "Community first" by sharing the platform's growth dividends with users and partners. WXT aims to bind more loyal users and partners, ensuring the long-term sustainable development of the WEEX platform.

As such, WXT offers a range of holding benefits, including:

- Launchpool: Users can stake WXT to 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 have priority access to new coin offerings on WEEX Launchpad. According to WEEX's 2024 Launchpool & Launchpad plan, the annualized return for holding WXT is as high as 64%.

- Fee Discounts: Using WXT to offset WEEX spot trading fees provides a 30% discount on fees. Holding a certain amount of WXT also grants exclusive tiered contract fee discounts (currently 20%).

- Upgraded Referral Rewards: Holding 100,000 WXT for over 30 days increases 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 the distribution of popular token airdrops, including various project tokens and USDT trial funds.

- Interest on Holdings: In the future, WXT holders can earn additional interest rewards on specific financial products.

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

These holding benefits make WXT a "profit maker" for obtaining airdrops, fee reductions, and reward upgrades, providing continuous wealth benefits to holders and laying a solid foundation for WXT's value.

Ecosystem Foundation: 55% WXT to Incentivize the Community

WXT is designed as a global ecological 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 and phase 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 used for WEEX's brand building and media partner alliance plan, aiming to attract industry media and quality KOL collaborations to enhance WEEX and WXT's brand visibility and transparency.

Partner Ecosystem Fund

1.5 billion WXT (15%), releasing 1.5% annually, starting in August 2024, is used to reward WEEX Exchange partners, incentivize long-term cooperation, and share benefits.

Team Incentives

1.5 billion WXT (15%), releasing 1.5% annually, starting in April 2025, is used to attract and retain top Web3 talent, incentivize team members to achieve key performance goals, and support 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 and grows together with ecosystem partners, while the latter thickens the WEEX Investor Protection Fund to ensure 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, clearly belongs to long-term holdings, 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 the market value management objectives. This approach 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, a high number at first glance. 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 permanently public 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, with a market covering over 30 countries and regions, daily trading volume exceeding $1 billion, and stable profitability since the "crypto winter" of 2022, maintaining 100% monthly trading volume growth.

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

Since 2018, the WEEX team has passionately believed in "making blockchain technology accessible to the masses," navigating multiple bull and bear cycles, deeply cultivating the crypto trading field, and accumulating rich market experience in the full cycle operation of crypto assets. With safe, user-friendly, professional, and compliant service experiences, as well as product advantages like trading depth and one-click copy trading, WEEX has quickly grown into an open, transparent, fair, and trustworthy dark horse trading platform.

Now, with WXT's launch, binding more and more ecosystem partners will add new driving engines to WEEX's growth flywheel, realizing the 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, bringing substantial quality buy orders to WXT and boosting WEEX's overall trading volume and user activity through incentives.

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 based on points proportion; new users completing registration, KYC, deposit, and contract trading tasks can receive WXT airdrops, with a single user earning up to 198,700 WXT.

Looking ahead, WEEX is committed to delivering a secure, privacy-protected, and user-friendly trading platform. By leveraging the potential of WXT, WEEX aims to construct a diverse and robust blockchain financial ecosystem. This initiative will drive innovation and development within the cryptocurrency industry, enabling WEEX to co-create and share 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