HTX DAO 2025 Q1 token destruction exceeds 11.3 trillion $HTX: Establishing a Web3 autonomous financial ecosystem with a deflationary mechanism

according toHTX DAO officially announced that on April 15, HTX DAO officially completed the $HTX token destruction plan for the first quarter of 2025. According to on-chain data, a total of 11,338,023,612,750.992 $HTX were destroyed this quarter, with a total value of over US$19.2 million.

In the first quarter of 2025, Bitcoin fell from a peak of nearly $110,000 to $70,000, a correction of more than 30%. According to Coingecko data, the average daily trading volume of cryptocurrencies across the entire network fell from $200.7 billion to $146 billion, a drop of 27%. In an overall falling environment, Huobi HTX's quarterly destruction volume only fell by 15%. And during the market downturn, HTX DAO still implemented the $HTX destruction plan as scheduled, which is not only a normalized measure for HTX DAO to fulfill its ecological incentive commitment, but also laid a solid foundation for the virtuous cycle of token value and ecological prosperity.

Announcement details:https://htxdao-1.gitbook.io/announcement-cn

50% destruction mechanism is stably executed and transparently recorded on the chain

sinceSince HTX DAO launched the deflation mechanism, the total circulation of $HTX has steadily declined, and the market supply has gradually tightened, providing effective support for its long-term value. This destruction is the third time to implement the full destruction plan of tokens after the destruction mechanism was adjusted. According to past data, as of now, HTX DAO has completed the destruction of approximately 60.97 trillion $HTX, with a total value of approximately US$114 million.

according toThe HTX DAO governance mechanism will destroy 50% of Huobi HTX’s income every quarter. Currently, HTX DAO token destruction is mainly carried out through the Sun.io platform. Users can use the on-chainTransaction HashQuery the specific destruction details to ensure transparency and fairness, and truly achieve“The entire life cycle of assets can be traced on the chain.”

$HTX holding voting tool is launched, and community autonomy is fully accelerated

It is worth mentioning thatThe $HTX holding voting tool was officially launched on April 7, providing token holders with a more convenient and efficient channel for participating in community governance. Any community user can obtain corresponding voting rights based on the $HTX holdings in their TRON LINK wallet address, and vote on proposals on the HTX DAO official website. Currently, the first two HIP governance proposals have passed the vote, namely "HTX DAO Committee Governance Mechanism Setting Proposal" and "Proposal on the establishment of HTX DAO official interview column "DAO Friends Please Stay"".

according toHTX DAO’s governance roadmap was disclosed, and in the future the platform plans to combine transaction fee rebates, governance incentives, etc. to launch a series of “voting equals profit” incentives to encourage community members to actively participate in the decentralized governance process, continuously optimize the community participation experience, and promote the transformation from “centralized platform decision-making” to “decentralized user autonomy”.

The transformation of the People's Exchange makes $HTX a force for change

asAs one of the ecological participants of HTX DAO, Huobi HTX actively promotes the decentralized governance mechanism with practical actions. Relying on the transparent mechanism on the chain and the community autonomy framework, it continues to explore the practical path of "People's Exchange". As the ecological governance token of HTX DAO, each destruction of $HTX is not only a practical feedback to the benefits of community members, but also an important measure to practice long-termism and promote a virtuous cycle of ecology.

future,HTX DAO will continue to promote diversified governance practices, allowing every $HTX holder to become a decision-making node in the ecosystem, and work with global users to create an open, transparent, and win-win Web3 autonomous financial ecosystem.

About HTX DAO

As a multi-chain decentralized autonomous organization (HTX DAO is an innovative governance model. Focusing on the development of exchange DAO and financial free port ecosystem, it explores new paradigms combining CeFi and DeFi, such as coin listing governance. Unlike traditional corporate structures, it adopts a decentralized governance structure composed of diverse groups, working together to promote the success of this organization. Its unique ecosystem advocates open values and encourages all ecosystem participants to put forward suggestions that can promote the development of HTX DAO.

Contact information

Official website:www.htxdao.com 

Mail:media@htxdao.com 

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