WEEX platform completes a WXT buyback and launches contract mining, with transaction fees refundable in WXT, offering dual returns.
After the buyback is implemented, the “rebound” logic of contract trading has changed its flavor.
The market has been very volatile lately, and many contract traders are lamenting the frustration of fees eating into profits.
But from another perspective, some platforms are turning this “pain point” directly into an opportunity—such as WEEX’s contract mining mechanism, which happens to coincide with their completion of a 200万美元 WXT buyback (landed on December 16).
The core idea is very down‑to‑earth: when you trade USDT perpetual contracts, the fee is not paid in vain; part of it is instantly converted into WXT and returned to you, with a maximum rebate of up to 30% depending on cumulative trading volume. The larger the volume, the higher the miner level (rising from Bronze all the way to King), and the rebate intensity steps up accordingly. The whole process settles in seconds, the leaderboard is publicly visible, and there are no cumbersome lock‑up or staking thresholds.
Why does this buyback make the whole play more attractive? Because the mined WXT is no longer just a reward token—it now has real cash backing. The platform’s actual fund buyback adds a layer of value anchoring to the reward pool—while earning spread from trades, you also accumulate assets with support, forming a subtle dual‑layer return.
Compared with traditional mining or DeFi liquidity schemes, the biggest difference here is the “pure trading‑driven” nature. No need to transfer assets separately, no need to bet on yield decay; you simply accumulate naturally through daily order opening. For friends who already hold large contract positions and trade frequently, it effectively optimizes cost structure, and over the long run the difference is notable.
Of course, contracts still carry risk; when volatility spikes you still need to cut losses. But if your trading habits stay the same, moving to an environment with rebate + buyback support adds at least an extra buffer. Data is transparent and execution is on point, as can be seen from the timely buyback execution.
If you’re interested, feel free to check the activity details yourself, and also look up your current level progress: https://t.co/UxGRuIgLZ1
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@WeexCn
