SOURCE: WEEX

ON DECEMBER 16, THE WORLD'S LEADING ENCRYPTED CURRENCY TRADING PLATFORM WEEX ANNOUNCED THAT IT HAD COMPLETED A $2 MILLION ROUND OF WXT BUY-BACKS TOTALLING 72,571,028 WXTS。

THIS WXT BUY-BACK IS INTENDED TO RECIPROCATE GLOBAL SUPPORT FOR WEEX 'CONTRACT MINING'. THE CAMPAIGN PROVIDES A MAXIMUM OF 30 PER CENT RETURN INCENTIVE FOR USERS INVOLVED IN CONTRACTUAL TRANSACTIONS, WHICH IS DISTRIBUTED IN REAL TIME IN WXT CURRENCY。

IN OTHER WORDS, "CONTRACT MINING" TRANSFORMS THE USER'S DAILY CONTRACT TRANSACTION INTO A BRAND-NEW, FULLY TRADE-DRIVEN "MINING" MODEL – THE LARGER THE TRANSACTION, THE HIGHER THE FEE RETURNS, AND ALL WXT AWARDS COME IN REAL TIME。

The contract mine continues to explode

WEEX "CONTRACT MINING" AIMS TO FEED BACK THE PLATFORM'S GROWTH DIVIDEND TO A WIDE RANGE OF TRADING USERS THROUGH AN INNOVATIVE INCENTIVE MODEL OF "TRADING OR MINING". IN THE COURSE OF THE EVENT, EACH USER WHO EXECUTES A CONTRACTUALLY OPENED/OPENED ORDER CAN OBTAIN A RETURN IN REAL TIME AT WXT FEES UP TO 30 PER CENT。

SINCE IT CAME ONLINE ON NOVEMBER 26, THE EVENT HAS ATTRACTED THE ACTIVE PARTICIPATION OF USERS AROUND THE WORLD AND THE HEAT OF THE TRADE CONTINUES TO RISE. ACCORDING TO WEEX OFFICIAL NETWORK DATA, AS AT 16 DECEMBER AT 1800 (UTC+8), 100 OF THE TOP 100 USERS OF THE "CONTRACT MINING" LIST HAD CUMULATIVE CONTRACT TRANSACTIONS AMOUNTING TO US$ 91.72 BILLION, AND CUMULATIVELY RECEIVED A MINING INCENTIVE OF 3,015,047.7 WXT (DATA CONTINUOUSLY BEING UPDATED)。

AS A RESULT OF THE NOVELTY OF THE "CONTRACT MINING" MECHANISM, THE INCENTIVE IS VERY GENEROUS AND SUPPORTS A SECOND-RATE SETTLEMENT THAT REWARDS REAL-TIME ARRIVAL, THE NUMBER OF NEW PARTICIPANTS AND THE VOLUME OF TRANSACTIONS ADDED DAILY AFTER THE EVENT HAS BEEN ON THE LINE, AND MANY MORE USERS ARE GIVING FEEDBACK THAT THEY WANT THE ACTIVITY TO BE EXTENDED FOR SOME TIME. TO THAT END, WEEX HAS EXTENDED THE EVENT FOR 10 DAYS, THE DEADLINE OF WHICH WAS EXTENDED FROM THE ORIGINAL 15 DECEMBER TO 25 DECEMBER, TO ALLOW MORE USERS SUFFICIENT TIME TO PARTICIPATE IN THE EVENT AND TO CONTINUE TO ENJOY THE BENEFITS OF MINE RECOVERY。

THIS ADJUSTMENT ONLY EXTENDS THE DURATION OF THE ACTIVITY, WITH NO CHANGE IN THE RULES OF ACTIVITY: A USER WHO CLICKS TO SIGN UP AND ENGAGES IN CONTRACTUAL TRANSACTIONS IS ENTITLED TO RETURN WITH A WXT FEE, AND A WXT REWARD IS PAID IN REAL TIME AFTER EACH OPEN/OPEN ORDER IS COMPLETED。

The initial grade of the user, based on the "contract miner" system, is the "blown copper miner" and, following the commencement of the transaction, the chain of brass, silver, gold, platinum, diamonds and kings can be unlocked according to the cumulative volume of the transaction. The larger the transaction, the higher the miner, the higher the rate of return of the fees, the highest 30 per cent. Following the extension of the activity, the user- unlocked miner class and fee return ratio continues to take effect, the transaction charges incurred during the extension period will continue to be returned in real time in accordance with the corresponding ratio, and the user will be able to view the amount of the incentive and its arrival in real time through WEEX App or the official network。

SEVEN HUNDRED AND TWENTY-SEVEN THOUSAND WXT BUY-BACKS ARE COMPLETE

Unlike the currency inflation problems faced by the previous CEX-initiated trading or deFi platform-drilling, WEEX, through a $2 million WXT buy-back support mechanism, not only maintains WXT deflation, but also truly demonstrates the sincerity of "rendering users."。

AS PREVIOUSLY FORECAST, WEEX WILL USE THE PLATFORM ' S OWN FUNDS TO REPURCHASE WXT ON THE OPEN MARKET ON 16 DECEMBER. AS OF DECEMBER 16, 17:00 (UTC), THIS BUY-BACK PLAN WAS COMPLETED ON SCHEDULE AND A TOTAL OF 72,571,028 WXTS WERE REPURCHASED AT AN AVERAGE COST OF 0.027559 USDT / WXT。

AS A RESULT, THE FLOW OF WXT DOES NOT INCREASE AS A RESULT OF "CONTRACT MINING" ACTIVITIES, THEREBY PRESERVING THE SCARCITY AND STABILITY OF THE WXT, WHICH ALLOWS USERS TO SECURE MINING REVENUES. IN THE LONG RUN, AS THE NUMBER OF WEEX USERS AND THE VOLUME OF TRANSACTIONS CONTINUES TO GROW, THE PLATFORM CAN INVEST MORE RESOURCES TO CONTINUE TO EMPOWER THE WXT ECOLOGY AND INCREASE ITS POTENTIAL FOR LONG-TERM APPRECIATION。

WXT has grown by more than 358 per cent since it went online in July 2024 and has so far accumulated by more than 180 per cent. According to CMC data, WXT has increased cumulatively by about 70% since this year, standing at Top 5 in the CEX platform。

THIS BEAUTIFUL PERFORMANCE, THANKS TO WEEX'S LONG-TERM EMPOWERMENT OF THE WXT ECOLOGY. TO DATE, WEEX HAS CUMULATIVELY COMPLETED FOUR WXT BUY-BACKS THROUGH OPEN MARKET OPERATIONS, WITH A CUMULATIVE TOTAL OF 4,196,774,851 WXTS, OF WHICH THE FIRST THREE BUY-BACKS OF WXTS HAVE BEEN DESTROYED, ACCOUNTING FOR 41.24 PER CENT OF THE TOTAL WXT DISTRIBUTION, FULLY REFLECTING THE LONG-TERM SUPPORT AND CONFIDENCE OF WEEX IN THE WXT CURRENCY ECOLOGY。

In addition to repurchase for destruction, WEEX has been continuously empowering WXT through various mechanisms such as WE-Launch on-line drop-in of new currency, fee discounts, upgrading of trading experts ' rights, which has resulted in users holding WXT at a combined annual rate of 660.61 per cent。

AT THE HEART OF WEEX ECOSYSTEMS, WXT WORKS TO MOTIVATE PARTNERS, CONTRIBUTORS AND ACTIVE USERS IN EXCHANGE COMMUNITIES. THROUGH THE "CONTRACT MINING" CAMPAIGN AND THE WXT BUY-BACK MECHANISM, WEEX HAS NOT ONLY CREATED MORE REVENUE OPPORTUNITIES FOR USERS, BUT HAS ALSO FURTHER CONSOLIDATED ITS MARKET POSITION。

This paper is from a contribution and does not represent the point of view of Block Beats。