WEEX, a trading platform focused on futures, has officially launch its global ecosystem incentive token WEEX WXT Presale, starting with the WXT “Ribbon-Cutting Event” on June 1, 2024. Affiliates can join the WXT Presale by inviting new users to register and earn points based on these users' activities. Affiliates can use their points to subscribe to WXT at a 30% discount at the end of the first presale round.
New User Participation
New users can engage in the WXT "Ribbon-Cutting Event" by completing tasks like registering a new account, submitting KYC, making a deposit, and participating in futures trading. These activities will earn them free WEEX WXT airdrops, with a single user potentially receiving up to 198,700 WXT. Additionally, each new user can contribute up to 1,000 points to the affiliate who referred them.
Existing users are also eligible for free WEEX WXT airdrops through daily platform activities. Both new and existing users can participate in trade mining and other Token Generation Events (TGE) on WEEX.
Stages of the WEEX WXT Presale
The WEEX WXT Presale comprises three stages:
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Registration Stage (June 1 - June 30): Affiliates can register to participate in the presale campaign, recruit new users, and earn points. For every 100,000-point milestone reached by all affiliates, an additional 10 million WXT will be added to the prize pool, starting from an initial prize pool of 10 million WXT. The prize pool can grow up to 70 million WXT. Affiliates receive their WXT subscription allocation based on their points proportion. For example, if the total points are 700,000 and Affiliate A has 50,000 points, they would receive 5,000,000 WXT.
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Subscription Stage (July 1 - July 7): Affiliates can purchase WXT using USDT at a 30% discount. With WXT priced at $0.01 per token, affiliates will pay $0.007 per token.
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WEEX WXT Distribution and Lock-up (July 8 - July 12): WXT purchased during the presale will be distributed to affiliates and locked for one year, then released linearly over the next 12 months.
Objectives of the Presale Campaign
The primary aim of the presale campaign is to motivate affiliates to invite more users to join and trade on WEEX by offering WXT at a reduced price. Supported by the "Ribbon-Cutting Ceremony," this initiative offers up to 198,700 WXT airdrop rewards per user. This structure benefits both the inviter, who gets a 30% discount, and the invitee, who receives free tokens.
WXT: Key to the WEEX Ecosystem
The WEEX Token (WXT) is an ERC-20 token designed to be the cornerstone of the WEEX ecosystem, serving as a dynamic incentive mechanism to reward community affiliates, contributors, pioneers, and active members.
"WEEX has always prioritized the community, ensuring a secure, reliable, and engaging user experience for our loyal users. With WXT, we aim to share 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 WEEX 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
The allocation mechanism reflects the goal of creating an incentive-driven ecosystem and ensures decentralization of holding addresses. The release cycle includes a lock-up period of up to 5 years for 65% of the tokens, with 5% allocated for affiliate private sales being locked for one year and then released linearly over the next 12 months.
Long-Term Vision of WEEX
The WEEX WXT token aims to foster long-term community growth and expand the exchange ecosystem. This strategy focuses on attracting new users and building a robust trading community rather than short-term profits. As WEEX grows, the value of WEEX WXT is expected to rise, creating a positive feedback loop: increased 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 expanded 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.
