WEEX Launches $2 Million WXT Buyback After First Contract Mining Period

WEEX will reward traders with up to 30% fee rebates in WXT during its first contract mining event, followed by a $2 million token buyback to enhance market value.

Summary

WEEX announced its first contract mining event, running from November 26 to December 15, 2025, offering up to 30% trading fee rebates in its native WXT token. The exchange will conduct a $2 million WXT buyback on December 16, 2025, aimed at boosting the token's value. Rebates will be awarded in real time to eligible traders during the event period.

Terms & Concepts
  • USDT (Tether): A widely used stablecoin pegged to the US dollar.
  • Contract mining: A trading activity where participants earn rewards by engaging in derivatives contracts on an exchange.
  • Fee rebate: A return of part of trading fees to users, often given as rewards or incentives.