Sun Yuchen Live Stream Explains HTX DAO: Empowering HTX to Become the People's Exchange
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Sun Yuchen Live Stream Explains HTX DAO: Empowering HTX to Become the People's Exchange
Huobi HTX and TRON have announced their membership in the HTX DAO ecosystem. Huobi HTX will also donate 50% of its platform revenue to support HTX DAO ecosystem liquidity, promoting the development of HTX DAO.
Navigating Web3 tides with focused insights
On January 18, several prominent industry guests including Justin Sun, member of the HTX Global Advisory Board; Chris Lee, top executive at Asian Currency Hong Kong; Han Feng, co-founder of Elastos BeL2; Kong Jianping, founder of Nano Labs, along with media outlets such as PANews and Mars Finance, joined HTX's Twitter Space. The session, titled "What Does the Establishment of HTX DAO Mean?", provided a comprehensive discussion on DAOs, the value proposition behind HTX DAO, and the new crypto narrative it brings.
Origins: User Trust
Speaking about the motivation behind establishing HTX DAO, Justin Sun noted that across the industry, most exchanges remain highly centralized, with opaque listing processes and limited utility for exchange tokens—often restricted to buybacks using exchange revenues or minor benefits like gas fee burns on exchange-owned blockchains. HTX aims to build a decentralized, democratically governed exchange, and this vision will be realized through HTX DAO. HTX DAO enables users to deeply participate in decision-making, governance, and operational structures, driving true decentralization of the exchange.
Regarding the balance between cost efficiency and decentralization, Sun explained that as long as rules are clearly defined and effectively executed, the outcomes can still be excellent. Moreover, decentralization ensures transparent and auditable decision-making that stands the test of time. "By reforming every aspect of centralized exchanges, ensuring users can trust the platform at every stage, and enhancing transparency in information disclosure, we can instill confidence among community participants and ensure the long-term sustainability of the exchange."
Sun emphasized that while exchange operations are complex, the crypto industry is never short of talent passionate about decentralization. As long as there is a solid strategic framework, he firmly believes this approach will succeed.
Three Key Operational Strategies
According to Justin Sun, the HTX DAO governance token HTX will initially launch on four blockchains: TRON, BitTorrent Chain (BTTC), Ethereum, and Binance Smart Chain (BSC), with potential future deployments on additional chains such as Solana. Additionally, HTX DAO prioritizes security and has already passed an audit by leading blockchain security firm ChainSecurity.
Regarding the future of HTX DAO, Sun previously stated on his personal social media that HTX DAO should possess community-driven decision-making, governance, and operational capabilities—enabling the formation of an HTX Senate that actively debates and shapes the development of HTX, truly embodying the principle of "from the community, to the community," making HTX a genuine people's exchange.
During this live session, Sun outlined a concrete implementation plan for this ambitious vision:
1. Retain HT holders / HTX users: HTX DAO has reserved a portion of HTX tokens for voluntary conversion by existing HT token holders, encouraging them to use HTX for transaction settlements and fee payments, with fee discounts offered;
2. Collaborate with institutions and KOLs to establish DAO membership, enabling joint voting to shape HTX DAO, with rewards distributed via vesting mechanisms to ensure long-term cooperation;
3. Elect representatives (senators) to listen to community feedback, initiate proposals or discussions, conduct inquiries, and participate in democratic decision-making.
Sun revealed that HTX and TRON have officially become ecosystem members of HTX DAO, and HTX will allocate 50% of its platform revenue to support liquidity within the HTX DAO ecosystem, accelerating its growth.
Sustained Wealth Creation
When asked about HTX’s future development and how it plans to generate sustained wealth effects, Sun responded that over the past six months, HTX has demonstrated significant wealth creation, listing multiple 10x, 100x gain assets—such as WLD (up 54x), SEI (up 178x), SUI (up 206x), and PEPE (up nearly 2,000x). Creating wealth effects remains a core operational focus. Moving forward, HTX will deepen efforts around its vision, consensus-building, and organizational structure, calling on believers across the industry to join and empower the broader crypto community.
Additionally, during the livestream, Sun addressed key community concerns, including user acquisition integration with HTX, supporting inscription coin listings via voting, and whether HTX is evolving toward a meme-like model.
In conclusion, Sun stated, "Only the community is the true user base of an exchange; only through democratic self-governance and continuous innovation can we meet the rapidly evolving demands of this fast-paced industry; only through decentralization can we stay true to the初心 and ultimate goal of entering the blockchain space. I hope HTX can become a genuine people's exchange, where every user becomes a true owner of the platform."
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