WEEX Completes $2 Million WXT Repurchase, Contract Mining Craze Continues to Soar

WEEX announced on December 16 that it has completed a $2 million WXT repurchase, acquiring 72,571,028 WXT tokens at an average price of 0.027559 USDT per WXT. This repurchase is intended to reward users for supporting the platform’s “Contract Mining” campaign. Since the campaign launched on November 26, user participation has remained strong. To give more users ample time to join and continue earning mining rewards, the campaign has been extended through December 25. During the campaign, users who sign up and trade contracts receive real-time fee rebates in WXT. Rebate rates increase with trading volume, topping out at 30%. WXT has posted its largest surge since its July 2024 launch, rising over 358%. The token has undergone three repurchase-and-burn events, with a burn ratio exceeding 41.24%.