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What Are WXT Burns and Why Do They Matter?
A token burn means taking cryptocurrency tokens out of circulation forever by sending them to a wallet that can’t be reached. This lowers the total supply, making the remaining tokens rarer and maybe more valuable.
For WXT, WEEX uses burns to grow long-term. Here’s why it matters:
- Increases Scarcity – Less supply can raise demand and price.
- Builds Trust – Regular burns show WEEX believes in its system.
- Benefits Holders – Fewer tokens might boost value for WXT owners.
WEEX looks at examples like Binance (burning over $1.16 billion in BNB) and Bitget (planning $5 billion in BGB).
Want to know more? Check the WXT Burn Mechanism for details.
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