WEEX Launches Pre-Sale of WXT: Affiliates Can Buy with a 30% Discount Using Invitation Points
Singapore, May 31, 2024 – WEEX, the trading platform known for its futures-friendly features, is set to launch its global ecosystem incentive token, WEEX WXT, with the start of the WXT “Ribbon-Cutting Event” on June 1, 2024.
Affiliates can participate in the WXT Pre-Sale by inviting new users to register and earn points based on their activity. These points will determine the discount they can get when subscribing to WXT at the end of the first round of the pre-sale, with a maximum discount of 30%.
New users, on the other hand, can join the WXT “Ribbon-Cutting Event” by completing tasks such as creating a new account, submitting Know Your Customer (KYC) information, making a deposit, and engaging in futures trading. By doing so, they can receive free WEEX WXT airdrops. During this period, a single user can receive up to 198,700 WXT and contribute up to 1,000 points to the affiliate who referred them.
In addition to these exclusive campaigns for new users, existing WEEX users can also participate in daily platform activities to receive free WEEX WXT airdrops. Both new and existing users have the opportunity to take part in trade mining and other Token Generation Events (TGE) involving WXT on the WEEX platform.
Affiliates Get a 30% Discount, New Users Get Free Tokens
The WEEX WXT Pre-Sale consists of three stages:
– Registration Stage (June 1 to 30): Affiliates can register to participate in the pre-sale campaign, recruit new users, and earn points.
For every milestone of 100,000 points reached collectively by all affiliates, an additional 10 million WXT will be unlocked and added to the total prize pool, which starts at 10 million WXT. The maximum prize pool that can be unlocked through this system is 70 million WXT.
Affiliates will receive their WXT subscription allocation based on their proportion of points. For example, if the total points are 700,000 and the total WXT prize pool is 70 million, an affiliate with 50,000 points will receive a WXT subscription allocation of 5/70 * 70,000,000 = 5,000,000 WXT.
The points and WXT prize pool will be announced in real-time on the official WEEX website. Affiliates can log in to the website to view their data on “New Users Invited,” “My Points,” and “Amount available for subscription,” as well as check their ranking on the leaderboard, ensuring transparency.
– Subscription Stage (July 1 to 7): Affiliates can purchase WXT using USDT with a 30% discount. The issuance price of WXT is $0.01 per token, so the purchase price for affiliates is $0.007 per token.
– WEEX WXT Distribution and Lock-up (July 8 to 12): WXT purchased during the pre-sale will be distributed to affiliates and locked up for one year. After that, it will be released linearly every month over the next 12 months.
The main objective of the pre-sale campaign is to incentivize affiliates to invite more users to register and trade on WEEX by offering WXT at a discounted price. The “Ribbon-Cutting Event” further encourages new users to join by providing them with free tokens. This way, both affiliates and new users benefit from the campaign.
WXT: Incentivized Ecosystem, Growing with More Affiliates
WEEX Token (WXT) is an ERC-20 token launched by WEEX Global and serves as the cornerstone of the WEEX ecosystem. It is designed as a dynamic incentive mechanism to reward the WEEX Exchange community, including affiliates, contributors, pioneers, and active members.
“WEEX has always prioritized the ‘Community First’ philosophy, and providing a secure, reliable, and engaging user experience to our loyal WEEXers has been our number one priority since the beginning. With WXT, we can allocate a portion of our profits to issue and subsidize WXT, aiming to enhance the value we offer our partners, affiliates, and traders through this new utility,” said Andrew Weiner, VP of WEEX Global.
To achieve the goal of ecosystem incentives and share development dividends with the community, WEEX WXT is designed as a utility token with various use cases and empowerment mechanisms. It offers nearly ten exclusive benefits for token holders, including access to Launchpad events, trading fee discounts, VIP exclusive rights, and a buyback and deflation mechanism for long-term stability.
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/brand building, and 5% for private sales to affiliates.
This allocation mechanism not only reflects the intention of creating an incentive ecosystem and growing with more affiliates but also ensures decentralized WXT holding addresses.
For the token release cycle, 65% of WEEX WXT has a lock-up period of up to 5 years. The 5% allocated for affiliate private sales is locked for one year and then released linearly over 12 months starting in the second year. The remaining 15% of the Investor Protection Fund and 15% of the WEEX WXT Ecosystem Fund are also for long-term holding. This minimizes short-term release pressure and can potentially increase the token price after listing.
Both the allocation mechanism and the release cycle demonstrate WEEX WXT’s commitment to giving back to the community and expanding the exchange ecosystem in the long term. The goal of the WXT Pre-Sale is to attract and acquire new users.
As the WEEX platform continues to grow, the price of WEEX WXT is expected to increase, creating a mutually beneficial relationship between the exchange and the platform token. This positive growth spiral is driven by more users and larger trading volume, resulting in more income and profit, increased platform token buyback and burn, greater community incentives, and improved platform development.
WEEX: Challenging Zero Fees
WEEX initially started with futures copy trading and quickly expanded its reach by leveraging affiliates as the primary introduction point. With its strong trading depth, a customer protection reserve fund of 1,000 BTC, and multiple licenses worldwide, WEEX emerged as a leading challenger in the competitive cryptocurrency exchange market. Despite the challenges of the “Crypto Winter” in 2022, WEEX’s futures contract business grew by 3,000% and achieved profitability by the end of the year.
In 2023, WEEX continued its rapid growth and ranked among the top ten derivative exchanges on CMC. The company also secured new financing from Korean listed company FSN (214270.KQ) with a valuation of $100 million. This allowed WEEX to leverage the resources of Korean Web3 affiliates and accelerate its expansion in the Korean market. At the same time, WEEX increased the pace of token listings to address the demand for platform tokens. Currently, WEEX has listed over 300 futures trading pairs and more than 200 spot trading pairs.
In 2024, WEEX introduced a zero-fee policy to further accelerate its globalization strategy. This policy applies to all spot tokens and new futures trading pairs, making WEEX one of the most cost-effective trading platforms worldwide. Additionally, WEEX welcomed former MEXC Global VP Andrew Weiner as WEEX Global VP, leveraging his industry experience and resources to facilitate global market expansion.
With the launch of the WXT platform token, WEEX is poised to achieve significant growth. Their slogan, “Where New Wealth is Made,” reflects their ambitious vision for the future. By leveraging WXT, WEEX plans to expand its network of affiliates and external resources, enhancing its competitiveness in the global market.
Historical data shows that platform tokens have consistently shown high value-added potential in the crypto market. BNB, CRO, and OKB, for example, saw significant increases in their ATH (All-Time High) prices compared to their private sale prices. Additionally, platform token holders enjoy exclusive benefits and have the opportunity for significant indirect investment returns. Binance Launchpad projects in 2022 and 2023, for instance, had returns ranging from 11 times to 411 times the initial investment.
However, major exchange platform tokens have become relatively expensive after multiple rounds of growth. In contrast, the upcoming WEEX WXT offers a higher risk-reward ratio advantage, backed by the strong capital and rapid growth of WEEX. This makes it an attractive investment opportunity for investors who seek such projects.
WEEX Official Website:
https://www.weex.com
About WXT:
https://www.weex.com/wxt
WEEX Mandarin Community:
https://t.me/weex_group
Official X:
https://x.com/WEEX_Official
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