HTX DAO Makes a Grand Debut at Crypto Summit 2024: Strong Expansion into CIS Region, Driving Global Growth
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HTX DAO Makes a Grand Debut at Crypto Summit 2024: Strong Expansion into CIS Region, Driving Global Growth
Going forward, HTX DAO will continue to focus on and expand its presence in the CIS region's crypto market, accelerating its global growth and expansion.
Navigating Web3 tides with focused insightsOn September 25-26, HTX DAO exclusively sponsored the registration area of Crypto Summit 2024 and participated as a business partner. This move provided HTX DAO with an opportunity to showcase its unique decentralized governance model, further expanding its market share and influence in the CIS region, attracting more crypto community members, developers, partners, and users into its ecosystem, thereby strengthening its global community and enhancing decentralization.
During the summit, Anton Belyakov, Head of the HTX CIS region at Huobi HTX, was invited to deliver a keynote speech titled "Building a Crypto Exchange 2.0: How HTX DAO is Changing the Way Exchanges Are Built and Attracting an Active Crypto Community."
Anton pointed out that HTX DAO is an organization capable of changing people's perception of centralized exchanges. Through innovative governance and community engagement mechanisms, it embodies the principles of decentralized exchanges by granting users, partners, and the Governance Committee genuine rights to participate in democratic decision-making, enabling the exchange to incorporate community feedback, solutions, and innovative products for rapid iteration and upgrades.
According to Anton, the HTX DAO governance token $HTX has seen steady value appreciation due to the rapid growth of platforms within its ecosystem and the implementation of a token burn mechanism to reduce supply. $HTX is now listed on 24 exchanges. Since its launch in early 2024, HTX DAO has contributed $42.5 million in ecosystem liquidity and burned $9 million worth of $HTX tokens. This demonstrates strong fundamentals and significant potential for $HTX, especially within the CIS region.
Anton concluded that thanks to its innovative governance model, $HTX has the potential to become a leading community-governed token, while HTX DAO could emerge as a successful model for community-driven exchanges.
Crypto Summit 2024, held in Moscow on September 25-26, is the most anticipated annual cryptocurrency and blockchain technology event in the CIS region. The summit attracted over 7,000 attendees, 70 speakers, and 70 exhibitors, who engaged in in-depth discussions on potential investment opportunities, market trends, and regulatory developments in the crypto industry.
At the opening ceremony, the event organizers revealed that Huobi HTX ranks third in the CIS region with an 11% market share. A well-known industry KOL commented that achieving a top-three market position within just a few months reflects Huobi HTX’s strong determination and commitment to the CIS market.
HTX DAO noted that the CIS region’s crypto market is renowned for its technological innovation, vibrant communities, and strong desire for decentralization. Despite regulatory challenges and pressures from the international financial environment, it remains a dynamic and promising market within the global crypto industry. Currently, HTX DAO and Huobi HTX have risen strongly in the CIS region, with their traffic share increasing to 21.2% in August alone. Going forward, HTX DAO will continue to focus on and expand its presence in the CIS crypto market, accelerating its global growth and expansion.
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