KiloEx announces the destruction of over 13.41 million KILO tokens
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最新报道：According to Bijie.com, on October 16th, KiloEx, a decentralized derivatives trading platform backed by YZI Labs (formerly Binance Labs), recently conducted another token burn through its xKILO vesting mechanism, bringing the total burnt to 13,418,836 KILO tokens. Of this total, 4,809,594 xKILO tokens were burned through the vesting mechanism, while 8,609,242 unclaimed airdrop tokens were burned. KiloEx utilizes a "custom vesting" burn mechanism, transforming user redemption choices into deflationary momentum: when users redeem xKILO tokens early, any unredeemed portions are automatically burned. Furthermore, users who stake xKILO can earn an annualized return of up to 31.65%. The platform currently supports multi-asset trading, including futures, spot, US stocks, and forex. It offers a CEX-level trading experience and low fees, injecting new competitive vitality into the decentralized derivatives market.
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