BlockBeats News, October 16th, KiloEx, a decentralized derivative trading platform invested by YZI Labs (formerly Binance Labs), recently conducted another token burn through the xKILO ownership mechanism, with a total accumulated burn of 13,418,836 KILO. Among them, the xKILO ownership mechanism has burned a total of 4,809,594 KILO, and the burn of unclaimed airdropped tokens amounts to 8,609,242 KILO.
KiloEx, through the “Custom Ownership” burn mechanism, converts user redemption choices directly into deflationary pressure: when users redeem xKILO early, the unredeemed portion will be automatically burned. At the same time, users staking xKILO can earn up to 31.65% in annualized rewards. The platform currently supports multi-asset trading such as futures, spot, US stocks, and forex, emphasizing CEX-level trading experience and low fees, injecting new competitive vitality into the decentralized derivatives track.
