According to the official announcement of HTX DAO, on January 15, 2025, HTX DAO officially completed the $HTX token destruction plan for the fourth quarter of 2024, destroying a total of 9,982,673,247,009.8082 $HTX, with a total value of over 22.47 million US dollars. This destruction is still carried out on-chain to ensure its transparency and openness. Users can query the specific destruction details through transaction hashes .
Announcement details: https://htxdao-1.gitbook.io/announcement-cn
Strategy adjusted again, total amount of destruction hit a new high
Previously, based on the opinions of the HTX DAO Governance Committee and the community, HTX DAO made important adjustments to the destruction mechanism in the third quarter of 2024: some tokens originally used for liquidity donations were also changed to direct destruction. This move will significantly improve the destruction efficiency and contribute to the long-term value growth of $HTX tokens.
This destruction is the second time that the full token destruction plan has been implemented after the destruction mechanism was adjusted. According to statistics, the total destruction of $HTX by HTX DAO in 2024 reached 49.63 trillion, and the total value of donated and destroyed tokens has reached approximately 95.22 million US dollars. Behind this is HTX DAOs repeated fulfillment of its commitment to token deflation, which also shows its determination to continuously enhance community consensus and promote sustainable development of the ecosystem.
Implement the destruction plan and focus on long-term development
According to the established destruction plan, HTX DAO will destroy 50% of Huobi HTXs revenue every quarter. This mechanism fully responds to the communitys expectations for token value management, and also further consolidates HTX DAOs credibility and transparency in ecological governance.
The implementation of the regular destruction plan not only promotes the positive development of the $HTX deflation mechanism, but also significantly enhances the confidence of community members. By reducing the circulation of $HTX tokens, the supply and demand relationship is effectively balanced, making the secondary market price more stable and enhancing the attractiveness of long-term holding of tokens.
The HTX DAO Committee stated that the continued implementation of the destruction plan not only makes $HTX tokens more scarce, but also brings more stable long-term investment returns to platform users and investors through the improvement of the ecological cycle.
Implement community consensus and build an ecological future together
With the continuous optimization of platform services and the continuous expansion of user scale, the value and significance of the quarterly destruction plan will be further highlighted. It is reported that HTX DAOs next quarterly token destruction plan will be carried out on April 15, 2025. At that time, the destruction amount will be determined based on the revenue in the first quarter of 2025.
Since its establishment, HTX DAO has always been committed to building a transparent, efficient and endogenous blockchain ecosystem with user interests at its core. In the future, HTX DAO will continue to listen to the voice of the community, improve the governance mechanism, and implement sustainable development strategies through transparent governance and efficient ecological management to create long-term value for users and the community. HTX DAO looks forward to working with ecological partners and global users to create a more stable, open and vibrant blockchain future.
About HTX DAO
As a multi-chain decentralized autonomous organization (DAO), HTX DAO demonstrates an innovative governance approach. Unlike traditional corporate structures, it adopts a decentralized governance structure composed of a diverse group of people who work 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 Details
Official website: www.htxdao.com
Email: media@htxdao.com
