HTX DAO announces strategic partnership with SUN.io to jointly promote the healthy development of the HTX DAO ecosystem
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HTX DAO announces strategic partnership with SUN.io to jointly promote the healthy development of the HTX DAO ecosystem
Through this collaboration, both parties will effectively enhance the liquidity of HTX tokens and reward platform users.
Navigating Web3 tides with focused insightsAccording to an official announcement by HTX DAO, on February 25, HTX DAO announced a strategic partnership with SUN.io. Through this collaboration, both parties will effectively enhance the liquidity of the HTX token and reward platform users. Based on mutual benefit, they will jointly promote the healthy and orderly development of the HTX DAO ecosystem.
HTX DAO is a pioneer decentralized autonomous organization (DAO) within the blockchain ecosystem. Committed to advancing open finance and decentralized token economies, HTX DAO places paramount importance on transferring governance rights to HTX token holders. Governance of HTX DAO rests entirely in the hands of HTX token holders—everyone who holds HTX tokens has both the right and responsibility to participate in decision-making regarding the direction and resource allocation of HTX DAO.
As the first integrated platform on the TRON public chain combining on-chain token swaps, liquidity mining, stablecoin exchange and staking, and platform autonomy, SUN.io provides users with diversified one-stop services. It aims to combine the advantages of multiple trading protocols to build a high-performance, best-price, and highly secure composite DEX ecosystem, offering participants maximum returns through multiple incentive mechanisms such as market-making transaction fee rewards, LP liquidity mining, and SUN token staking rewards.
Through this strategic partnership, both parties predict that HTX DAO will allocate 50% of its received liquidity donations each quarter to increase HTX-TRX LP liquidity, with at least 80% added on SUN.io. Additionally, the liquidity LP will be sent to a zero address. Based on Huobi HTX Exchange's revenues in 2022 and 2023, it is projected that in 2024 this will add at least $100 million to SUN.io’s total TVL, accounting for over 20% of SUN.io’s total liquidity.
As part of the strategic cooperation回馈, SUN.io will conduct a community governance vote to donate no less than $10 million worth of SUN tokens (with an upper value cap adjusted according to actual LP contribution forecasts) back to HTX DAO users. The specific redemption methods will be dynamically adjustable, allowing HTX DAO users to exchange accordingly, thereby attracting more community members and increasing participation in SUN.io’s community governance. This campaign is subject to joint interpretation by HTX DAO and SUN.io and will remain effective long-term.
Related Announcement: https://htxdao-1.gitbook.io/announcement-cn/
About HTX DAO
As a multi-chain deployed decentralized autonomous organization (DAO), HTX DAO demonstrates an innovative governance model. Unlike traditional corporate structures, it adopts a decentralized governance framework composed of a diverse group collectively committed to driving the success of the organization. This unique ecosystem promotes open values and encourages all DAO participants to propose collaborations and protocol enhancements that advance the development of HTX DAO.
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