WEEX Global VP Andrew: What is WEEX's differentiated advantage?

On August 13-14 local time, the annual largest Web3 event in Canada, the Blockchain Futurist Conference, was held in Toronto, with WEEX Exchange attending as one of the sponsors. Andrew Weiner, Vice President of WEEX Global, introduced WEEX's vision, the platform token WXT, and the WEEX Launchpool product during his speech. He also interacted live with Funk, the market advisor of WEEX partner K9 Finance DAO (KNINE), and Calvin Weight, co-founder of Rain Coin (RAIN). Below are excerpts from the speeches of the three.

Andrew: Hello everyone, I am Andrew Weiner, Vice President of WEEX Global. Some of you may not be familiar with the name WEEX. We started building this product overseas in 2018 and entered the market in 2020. Today, we have over 3 million traders across nearly 100 countries and regions worldwide.

With over 700 exchanges in the current market, you might ask, why choose WEEX, why now, and why here?

Traders and users in this field still face many barriers. If there are traders present, you might have 3-5 or even 6 accounts across multiple exchanges just to access everything useful in the industry. You may encounter barriers during registration, in deposit options, in selection, in available services, and in educational resources on how to use these products.

WEEX aims to be the "Swiss Army Knife" that breaks down all these barriers, providing users with all functionalities through a single login entry. At WEEX, we ensure that all customers have a deposit channel, can access derivatives, can stake, can trade spot, can use leverage, and can withdraw smoothly. We are integrating all relevant partners and technologies to provide you with a true end-to-end experience—instant registration, easy deposits, everything done on one platform, which is what users have always wanted.

Why have so many barriers? Let's try to bridge that gap together. We are very interested in connecting and collaborating with projects that are committed to such market opportunities, both those present here and those attending this conference.

We have a very clear user base of 3 million traders, primarily concentrated overseas in countries and regions like China, Vietnam, and India. Anyone currently not marketing or connecting with these audiences in their native languages is cutting off a part of the entire market. This is so urgent for innovative projects and service types in the industry—alternative assets, DeFi projects, GameFi, NFTs, Web3, and even AI—all need a reliable home that allows users to gain an end-to-end experience with less resistance.

So, the project I want to introduce to you today is WXT and WEEX's Launchpool. WEEX Token (WXT) is our exchange's platform token, designed to provide exclusive benefits to our loyal WEEX users, allowing them to gain significant value just by participating in the ecosystem. By holding and using WXT, users will share in the long-term returns brought by the rapid growth we are experiencing. By holding WXT, you will enjoy staking, trading fee discounts, and early access to popular projects. For project parties, WEEX's Launchpool has become the preferred destination for emerging and popular projects in the altcoin space.

What makes us unique?

Our WXT holders earn a share of the prize pool set up in our market strategy by depositing tokens, trading, and staying active. When people truly invest their funds and resources to support your project, this user behavior makes them more engaged. This not only gives them more economic input but also allows you to build a deeper connection with the community you are trying to serve. Your tokens will no longer be randomly and blindly airdropped to people who may not even intend to trade; once on WEEX, your investment will be worthwhile. We currently have several exciting projects, some of which are already live on WEEX.

At the same time, I also want to talk about a community that brings us all together, which is SHIB. Let's shout out "Shiba Inu Token," "Shibarium," and all the teams that provided us with a VIP-like experience at Futurist. We are very pleased to integrate L2 Shibarium, and in the next 6 to 12 months, you will see up to 200 SHIB projects launching first on WEEX.

Now, I would like to invite some of our partners to the stage, the first being Funk from K9 Finance DAO.

Funk: Hello everyone, thank you very much for inviting me to the stage. You are all familiar with Shiba Inu, which is a Top 15 token. Two years after the launch of Shiba Inu, the community came together to build a technological ecosystem around it. A year ago today, in Toronto, they launched the Shibarium blockchain L2, similar to Matic and Base Chain. Shibarium is seeking to gain a major market share of L2 traders. How are they doing this? What they need most is TVL; they need on-chain trading volume. How do they achieve this? That’s where K9 Finance comes in.

For those familiar with Lido Finance, it is Ethereum's leading liquid staking derivative, significantly increasing Ethereum's trading volume. This is what we want to do for Shibarium—allow people to lock up the Gas tokens of that chain and earn from it while increasing Shibarium's TVL and trading volume. We are the official partner of Shiba Inu and have extensive cooperation with them, receiving support from them on social media and more. Therefore, our relationship is very close, and we will work hard to help the SHIB Army build Shibarium.

We also really like WEEX, which has now integrated Shibarium into their platform. So Shibarium will continue to grow over time. Thank you for your time, and thank you, WEEX.

Andrew: Thank you very much, Funk, and for the support from the SHIB Army, which is one of the largest trading communities in the world. If you collaborate with this community, you will immediately gain a ready-made audience. So for all builders, this is worthwhile. Next on stage is another project I am very interested in, please welcome Calvin Weight. Some of you may have followed him on Twitter, where he often shares great content. He is here today to introduce Rain Coin on Polygon.

Calvin: First, I want to talk about why we decided to launch on WEEX. We have been looking for a global audience for our token, hoping to fully embrace the global market, and WEEX is such an entry point that can showcase our token to an excellent global audience. I have also known Andrew for some time, and his joining WEEX is definitely a plus for us. Because we know that this company has him behind it, which gives us great confidence.

Let me briefly introduce what we have done with Rain Coin. Rain Coin started as an experiment and has now become an interesting economic construct where we explore how to create a token as a store of value. We minted 1 million RAIN tokens and locked them all in a liquidity pool, so there are no teams, no control wallets, no foundations, and nothing to exert selling pressure on the token.

Then we added a 1% redistribution share in the smart contract, which means that 1% of any tokens circulating on our blockchain network will be redistributed to holders. This way, holders are incentivized to buy and hold because they are actually earning cash flow or interest on their assets.

So, we have created a scarce digital asset with no selling pressure from the team, token unlocks, or any similar internal selling pressure. And even in cold storage, it can generate returns. Now, to take it to the next level, we have really added some gamification elements. Our community is growing, and everyone is very interested in creating some additional value for themselves by staking Rain Coin.

Andrew: Thank you very much, Calvin, for all your support over the years. Finally, everyone, if there are those of you building projects on SHIB, K9 Finance has already set an example for you on WEEX. There are no listing fees; we are just collaborating with you on events and marketing. Come and contact me, thank you very much.