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Dear users,
We would like to inform you about important changes in the timing of our burning mechanism for the WEXO token.
Due to technical adjustments and the transition from USDT to USDC within our systems, as well as in connection with the preparation of the listing of the WEXO/USDC currency pairs on available exchanges, the decision to launch the first burn of the token has been postponed.
We plan a new date for the start of the burning mechanism for the end of April 2025. Thank you for your patience.
This shift will allow us to combine several strategic steps that will strengthen the position of the WEXO token in the market and at the same time ensure that the entire burning process runs smoothly and transparently.
What is burning and why is it important?
Burning is a process in which a certain part of the tokens is irretrievably removed from circulation. Tokens are literally “burned” through smart contracts that guarantee that these tokens can never be used or put into circulation again.
The goal of the burning mechanism is to reduce the total supply of tokens on the market, which can create positive pressure on the price due to a simple economic principle: lower supply + stable or growing demand = potential growth in value.
What does this mean for you as a user?
We want to assure you that you will not lose any of your tokens.
WEXO will only burn those parts of the token that have been allocated for internal or unused purposes – not tokens that you hold in your wallet or on exchange accounts.
Burning will not affect your balance, but it can positively affect the overall value of the WEXO ecosystem. It is a step towards increasing the stability and attractiveness of the token on the market.
Play the podcast: 2025 with Wexo Token
- New WEXO/USDC pair coming soon to exchanges
- Burning mechanism in full force from the end of April 2025
- Transparent and secure changes to the WEXO ecosystem
- Other news and strategic steps to strengthen the WEXO token
Thank you for being part of our community. Our goals remain the same – to build a strong, transparent and stable ecosystem for all our users
Sincerely,
The WEXO Team