Two things shrink the $WEXO supply at @WexoOfficial and they work differently.
The first is on a schedule.
Every month 3,541,053 WEXO is sent to a dead wallet, the same amount each time, until April 2028. Phase 1 targets 134,560,000 burned over 38 months.
It doesnโt depend on the market or on anyoneโs mood.
The second depends on people.
When users top up Fuel for better cashback on their regular shopping, part of that money buys WEXO on the open market and sends it to the same dead wallet.
That one only grows if usage grows.
I like seeing the two kept apart.
One is a fixed timetable.
The other is a result of real spending and Iโd rather judge it by what the burn tracker shows than by what anyone claims.
Every burn is a public transaction on Etherscan, and the tracker is at https://t.co/ZoOG3mZ6K0.
Supply is capped at 928,000,000 with no mint function. $WEXO is on MEXC if you want to look into the mechanism yourself.
โก๏ธNot financial advice.
โก๏ธCrypto carries real risk, so do your own research.