WEEX has revealed plans to launch its global ecosystem incentive token, WEEX WXT. The WXT presale will commence with a "Ribbon-Cutting Event" on June 1st, 2024. Affiliates participating in the WXT Presale can invite new users to join the platform, earning points based on these new users' activities. These points allow affiliates to purchase WXT at a 30% discount at the end of the first presale round.
How New Users Can Get Involved
New users can join the WXT “Ribbon-Cutting Event” by registering a new account, completing KYC, making a deposit, and engaging in futures trading. These actions earn them free WEEX WXT airdrops, potentially up to 198,700 WXT. Additionally, new users can contribute up to 1,000 points to the affiliate who invited them.
Existing WEEX users are not left out; they can also participate in daily platform activities to receive free WEEX WXT airdrops. Both new and existing users can engage in trade mining and other Token Generation Events (TGEs) on WEEX.
Benefits for Affiliates: 30% Discount and More
The WXT Presale consists of three stages:
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Registration Stage (June 1 to June 30): Affiliates can register for the presale, recruit new users, and earn points. For every 100,000 points accumulated by all affiliates, an additional 10 million WXT will be added to the initial prize pool of 10 million WXT, with a cap at 70 million WXT.
Affiliates' WXT allocations are based on their points proportion. For instance, if the total points are 700,000 and an affiliate has 50,000 points, their allocation would be calculated as follows: 5/70 * 70,000,000 = 5,000,000 WXT.
Real-time updates on the collective points and WXT prize pool will be available on the WEEX website. Affiliates can track their "New Users Invited," "My Points," and "Amount Available for Subscription" data and check their leaderboard ranking.
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Subscription Stage (July 1 to July 7): Affiliates can purchase WXT with USDT at a 30% discount. With WXT priced at $0.01 per token, affiliates will pay $0.007 per token.
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Distribution and Lock-up (July 8 to July 12): Purchased WXT will be distributed to affiliates and locked for one year, releasing linearly over the subsequent 12 months.
The Goal of the Presale Campaign
The primary aim of this campaign is to motivate affiliates to invite more users to join and trade on WEEX by offering WXT at a reduced price. This approach benefits both affiliates, who enjoy a 30% discount, and new users, who receive free tokens through airdrops.
WXT: A Pillar of WEEX’s Ecosystem
WEEX Token (WXT) is an ERC-20 token designed to be the foundation of the WEEX ecosystem, serving as a dynamic incentive mechanism for rewarding community affiliates, contributors, and active members.
"WEEX has always prioritized our community, delivering a secure, reliable, and engaging experience for our loyal users. With WXT, we aim to share the profits generated by our community, enhancing the value we provide to our partners, affiliates, and traders," said Andrew Weiner, VP of WEEX Global.
Token Allocation and Release Schedule
The total supply of WEEX WXT is 10 billion, with 65% allocated for ecosystem incentives. This includes:
- 15% for the Investor Protection Fund
- 15% for holding incentives
- 15% for new user acquisition
- 15% for KOL cooperation and brand building
- 5% for private sales to affiliates
This allocation strategy supports a decentralized holding address system. The release cycle includes a lock-up period of up to 5 years for 65% of the tokens, with a one-year lock for the 5% allocated to affiliate private sales, followed by a linear release over the next 12 months.
WEEX’s Vision for Long-Term Growth
The WEEX WXT token aims to foster community growth and expand the exchange ecosystem, focusing on long-term development rather than short-term gains. This philosophy is reflected in the presale campaign, which aims to attract new users and build a robust trading community.
As WEEX continues to grow, the value of WEEX WXT is expected to increase, creating a positive feedback loop: more users and trading volume lead to higher income and profit, enabling more token buybacks and burns, further incentivizing the community and driving platform development.
WEEX’s Market Position and Future Prospects
WEEX has rapidly scaled its futures contract business, growing by 3,000% during the "Crypto Winter" of 2022 and achieving profitability by the end of that year. In 2023, WEEX ranked among the top ten derivative exchanges on CMC and completed a significant financing round, accelerating its expansion in the Korean market.
In 2024, WEEX introduced a zero-fee policy for spot tokens and new futures trading pairs, positioning itself as one of the lowest-cost trading platforms globally. The launch of the WXT platform token marks a significant growth milestone, aligning with their vision of "Where New Wealth is Made."
Platform tokens have historically been high-value assets in the crypto market, and WEEX WXT, backed by strong capital and rapid growth, presents an attractive investment opportunity.
Join the WEEX Community
For more information, visit the WEEX Official Website, learn about WXT, and join the WEEX Mandarin Community.
Follow WEEX on Twitter for the latest updates.
WEEX is committed to expanding its network of affiliates and enhancing its competitiveness in the global market, making now the perfect time to get involved.
