"WEEX Launches Million-Dollar Airdrop, Lists $WXT on LBank"

WEEX, a global cryptocurrency exchange, has launched a million-dollar airdrop campaign to reward global holders of its native token, $WXT. The campaign, which runs from February 13 to February 23, 2025 (UTC+8), is designed to celebrate WEEX's growing global presence and encourage broader participation in its ecosystem.

The airdrop campaign is part of WEEX's ongoing efforts to expand liquidity and reward users' support. To be eligible for the airdrop, users must hold a minimum of $200 WXT. The total prize pool is worth a million dollars, and users holding larger amounts of WXT will be eligible for additional rewards and discounts.

In addition to the airdrop campaign, WEEX has announced that it will list its native token, $WXT, on LBank on February 12, 2025. This listing is a significant step in expanding the market influence of $WXT and further incentivizing ecosystem participation.

The listing of $WXT on LBank comes at a time when the platform token market is experiencing intense competition among centralized exchanges (CEXs). In 2024, total global CEX trading volume nearly doubled, reaching $76.88 trillion, and the market share shifted from top-tier exchanges to emerging platforms. The platform tokens of these rising CEXs have demonstrated strong performance, with $WXT surging 101% within 24 hours on January 11, 2025, reaching an all-time high of $0.0339, and a cumulative increase of 384%.

WEEX's growth has been remarkable, with its global user base surpassing 5 million, a 150% increase, and daily trading volume exceeding $5 billion. The exchange has also expanded its trading pairs from 400 to over 1,500, solidifying its market position among the top 12 exchanges on CoinMarketCap.

To further strengthen the competitive edge of WEEX and support the long-term growth of $WXT, the exchange has announced that it will use 20% of its platform profits each quarter to buy back and burn $WXT. The first round of buybacks has already seen 4 billion $WXT (40% of total supply),