Spending money again? This exchange is repurchasing tokens worth $2 million, with a fee refund of up to 30%.

2025-12-16 12:16:21

Abstract generation in progress

【Blockchain Rhythm】On December 16th, there was an interesting piece of news— a major exchange announced the completion of a $2 million token buyback, purchasing over 72.57 million tokens at an average cost of 0.027559 USDT each.

Why buy back? It was said to be a gesture of appreciation for users’ support during the “Contract Mining” activity. Since its launch on November 26th, the event has maintained high popularity and user engagement. The platform decided to extend it until December 25th to give more people the opportunity to participate.

Participation is quite simple—after registering, users can perform contract trading on the platform to receive fee rebates in the form of WXT. The key point is that the rebate ratio increases with trading volume, reaching up to 30%. For contract traders, this effectively reduces trading costs.

Interestingly, the token itself has performed well. Since its launch in July, it has increased by over 358%. Additionally, the platform has conducted three buyback and burn events, with a burn rate exceeding 41%. This ongoing buyback and burn mechanism helps support the token’s scarcity to some extent.

WXT-0.72%

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LiquidationWatcher

· 12-16 17:41

With 2 million USD invested, this wave of cutting leeks has become increasingly sophisticated in its tactics.

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DaoDeveloper

· 12-16 12:38

hmm so they're burning 2M to prop up tokenomics while dangling 30% fee rebates... classic liquidity mining theater. the 358% pump from july though? that's where the real game-theoretic tension lives. wonder if the buyback is actually addressing underlying sink mechanisms or just reshuffling liquidity pools. either way, gotta audit those smart contract incentive structures before fomo'ing in 💭

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tokenomics_truther

· 12-16 12:28

You're just harvesting again, with a 30% fee cashback sounding great, but it's actually all absorbed into the coin price.

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ProveMyZK

· 12-16 12:16

$2 million buyback, can the fee still be refunded by 30%? Are they seriously building the ecosystem or just finding new ways to suck blood?

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