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

BlockBeats News, December 16th, WEEX announced that the platform has completed a $2 million WXT repurchase, repurchasing a total of 72,571,028 WXT at an average price of 0.027559 USDT/WXT. This WXT repurchase is aimed at rewarding users for their support of the "Contract Mining" activity. Since the launch of "Contract Mining" on November 26th, user participation enthusiasm has remained high. To allow more users sufficient time to participate and continue to enjoy mining rewards, the activity has been extended until December 25th. During the activity, users who sign up and participate in contract trading will receive real-time fee rebates in WXT, with a higher rebate percentage for larger trading volumes, up to a maximum of 30%.

WXT has seen its highest surge since its launch in July 2024, with an increase of over 358%. The token has undergone three repurchase and burn events, resulting in a burn ratio of over 41.24%.