HTX DAO People's Committee Officially Established: Ushering in a New Era of User-Driven Governance
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HTX DAO People's Committee Officially Established: Ushering in a New Era of User-Driven Governance
In the future, the HTX DAO People's Committee will actively listen to community members and fully incorporate opinions and suggestions from all parties to jointly promote the sustained development of HTX DAO.
Navigating Web3 tides with focused insightsRecently, the first People's Committee election of HTX DAO concluded successfully, officially establishing the six-member HTX DAO People's Committee. This marks HTX DAO’s formal transition into a decentralized governance model, ushering in a new era of user-driven collective decision-making.
The election was held from March 12 to April 2, undergoing multiple rounds of careful organization and open, fair evaluation. On April 3, the final results were announced: Moon, Xu Jingbiao, and Andy were elected by the Huobi HTX community and social media groups, while Wangwang Lawyer, Xiao Liu, and Yiran were selected through voting by platform users. Together, they form the HTX DAO People's Committee. In the future, the committee will be responsible for regularly reviewing and proposing initiatives, promoting community participation in ecosystem development, maintaining active engagement with community members, managing and assessing potential public opinion risks, supporting community education, tracking proposal implementation, and conducting supervision and evaluations—all aimed at building a thriving HTX DAO ecosystem.
Notably, during the live debate finals, the six committee members expressed their views eloquently, delivering insightful remarks that not only showcased their individual talents and leadership but also offered unique perspectives and innovative ideas on HTX DAO’s future development.
On the topic of "Exchange listing strategy: high-potential projects vs. established projects," Wangwang Lawyer, Yiran, and Andy advocated for listing more high-potential projects.
Wangwang Lawyer analyzed that listing such projects can help promote the platform and strengthen its influence, attracting more users and capital retention. Pre-screening alone rarely yields optimal results; instead, direct listings allow market forces to reveal the true value of projects.
Yiran believes that in the long term, high-growth-potential projects are likely to deliver substantial returns. If exchanges only list a few mature projects, it will inevitably weaken market competitiveness and innovation, leading to stagnation. Relying heavily on a small number of established projects concentrates operational risk. Diversifying the range of listed tokens can reduce dependence on any single project.
Andy pointed out that fewer listings do not necessarily mean higher quality. Instead, Huobi HTX could list more projects after thorough screening and adequately warn users about associated risks beforehand. Refusing to list certain new tokens may lead to user attrition.
Other committee members believe that exchanges should focus on “planting phoenix trees to attract golden phoenixes,” serving as the first line of defense for crypto users by carefully selecting safer and more reliable projects to ensure users can profit.
Xiao Liu argued that arbitrary token listings might introduce low-quality projects with poor credentials or reputations, raising suspicions of “rug pulls.” Moreover, these subpar projects could severely harm the broader crypto ecosystem and fail to achieve hundred- or thousand-fold growth. Therefore, exchanges should prioritize stability and selectively list smaller, high-quality projects.
Moon emphasized that exchanges should not treat profit as their sole objective nor focus exclusively on listing revenues. A project does not become a leading trend because it is in a cutting-edge sector—rather, it becomes a leading trend because its price rises. Listing on Huobi HTX brings significant positive impact; at the same time, green lights should be given to promising, worthwhile projects.
Xu Jingbiao believes that novice investors with limited experience face a higher risk of losing principal, so exchanges must implement effective front-end risk controls.
Regarding whether marketing efforts should target new users or focus on strengthening loyalty among existing users, Xiao Liu noted that user loyalty is more important. Existing users are the foundation of the exchange and its future supporters. Acquiring new users tends to be more costly. Furthermore, loyal users typically generate higher profits. Lastly, word-of-mouth marketing is less expensive, and although there are already some loyal users, their full value has yet to be realized. Moon and Xu Jingbiao agreed, emphasizing that retaining current users is key to attracting new ones.
Wangwang Lawyer holds an opposing view, advocating for prioritizing new user growth, which would enhance trading depth and traffic, thereby drawing back many former users who had left the platform. As new users grow into seasoned ones, this creates a positive feedback loop for the platform.
Yiran believes that attracting new users not only expands the exchange’s user base but also opens up new growth opportunities and market share. New users often bring fresh demands and challenges, pushing the exchange to continuously improve its products and services and enhance user experience.
Andy stressed that the appreciation of $HTX is crucial for maintaining user loyalty, both for new and existing users.
All signs indicate that the HTX DAO People's Committee is emerging as a core force within the community, focusing on long-term community interests and actively advancing the democratic self-governance of HTX DAO. Going forward, the committee will actively listen to community members, fully incorporate diverse opinions and suggestions, and jointly drive the sustainable development of HTX DAO.
Meanwhile, as democratic self-governance deepens, HTX DAO will continue to uphold an open, inclusive, and pragmatic attitude, strengthening communication and collaboration with various partners to jointly explore new models and pathways for decentralized ecosystem governance.
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