Empowering the Decentralized Ecosystem: HTX DAO Completes Second Liquidity Donation, Totaling $42.5 Million
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Empowering the Decentralized Ecosystem: HTX DAO Completes Second Liquidity Donation, Totaling $42.5 Million
HTX DAO officially announced its second liquidity donation on July 16, bringing the total amount of liquidity donations to date to $42.5 million.
Navigating Web3 tides with focused insightsHTX DAO officially announced its second liquidity donation on July 16. This donation added a total of 80,223,880 TRX and 9,631,105,301,954.7 $HTX as liquidity to Sun.io, amounting to a total value of 21,500,000 USDT. The resulting LP tokens have been sent to the zero address. To date, the total amount of liquidity donations has reached $42.5 million.
Details of this donation can be verified via the following transaction hashes on the TRON blockchain explorer (the quantity of $HTX tokens added as liquidity is calculated based on the real-time price of $HTX):
1) Adding liquidity
Hash:
acd664c12d9c32e50dce2fd1c9efea4a6b19793949c515ed49ac06cb620e1331
2) LP tokens sent to zero address
Hash:
4a3912ed71f10ca59fbcc2fd61378a4cc54171f78e10f4b091cb0c5aeedfb44e
For more details:
https://htxdao-1.gitbook.io/announcement-cn
Notably, the ecosystem liquidity donation mechanism is an innovative approach to decentralized community building proposed by HTX DAO. It aims to enhance the decentralization of the ecosystem, empower it, resolve security-related concerns, and avoid centralization accusations. While strengthening the resilience of the HTX DAO ecosystem, it enables self-sustainability and ensures transparency and accountability in all operations. HTX DAO conducted its first liquidity donation on March 15 this year, amounting to $21 million. The next donation is expected on October 15, 2024.
Liquidity donation specifically refers to HTX allocating a certain percentage of its quarterly revenue (currently 50%), combined with contributions from other key participants of HTX DAO, to provide liquidity for $HTX on decentralized exchanges. The resulting LP tokens are permanently burned. Any participant in HTX DAO may voluntarily contribute liquidity for $HTX or TRX. This mechanism enhances both practicality and decentralization in fund management, ensuring no single donor gains exclusive control over the entire treasury. Thus, liquidity is managed in a decentralized manner, systematically addressing custodial centralization issues, while also improving the security of liquidity pools and expanding the application scenarios of $HTX.
HTX DAO was announced on January 18, 2024. Its ecosystem now includes 19 major contributors: HTX, TRON, Poloniex, BitTorrent, Spark Digital Capital, APENFT, Stratified Capital, JustLend DAO, OIG Group, Double Peak, stUSDT, Zebec, USDD, ANKR, Sun.io, Merkle 3s Capital, WINkLink, TUSD, and Owlit Finance. These key builders are leading players across various sectors of the blockchain industry. HTX DAO maintains exceptionally high standards for ecosystem transparency and community participation, and will continue building a diverse and vibrant ecosystem where contributors, innovators, and stakeholders jointly advance the development of the blockchain industry.
About HTX DAO
As a multi-chain 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 of participants collectively committed to driving the organization’s success. Its unique ecosystem promotes open values, encouraging all ecosystem members to propose initiatives that advance HTX DAO.
Contact Information
Website: www.htxdao.com
Email: media@htxdao.com
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