HTX DAO drives governance proposal: "One Token, Multiple Mining" and liquidity burn to boost exchange ecosystem innovation
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HTX DAO drives governance proposal: "One Token, Multiple Mining" and liquidity burn to boost exchange ecosystem innovation
The implementation of the "one token, multiple mining" proposal marks a new stage for exchange DAOs.
Navigating Web3 tides with focused insightsIn the context of increasingly fierce global competition in the crypto market, innovation has become a key driver for advancing exchange ecosystems. Recently, HTX introduced the "one-coin, multi-mining" model and transformed its liquidity contribution mechanism into a token burn mechanism through the HTX DAO governance proposal, enhancing user engagement while offering new insights into long-term, DAO-driven governance for exchange ecosystems.
Liquidity Contribution to Burn Proposal: Enhancing Long-Term Value of HTX Token
One core component of the HTX DAO governance proposal is upgrading the previous liquidity contribution model to a token burn mechanism, aiming to better optimize the tokenomics. In traditional liquidity contribution models, project teams often stimulate liquidity supply through continuous rewards—a method that presents certain limitations:
● Diluted incentives: Funds are spread across multiple incentive pools, failing to focus on boosting token value.
● Short-term effects: Reward-based models tend to prompt users to withdraw funds immediately after incentives end, increasing selling pressure on the token.
To address these challenges, and based on input from the HTX DAO committee and community—alongside sufficient HTX token liquidity—the HTX DAO proposed an improved approach: redirecting part of the funds previously allocated for liquidity contributions toward direct token burns starting from Q3.
According to an official announcement by HTX DAO, on October 15, 2024, HTX DAO completed the Q3 2024 HTX token burn, destroying approximately 15,811,683,954,403 HTX tokens with a total value exceeding $21.25 million. Under the platform’s burn plan, HTX DAO will conduct regular burns equivalent to 50% of Huobi HTX’s quarterly revenue, with the next scheduled for January 15, 2025. The implementation of this burn proposal contributed to HTX token reaching a new all-time high in December:
● Increased Scarcity: Reducing circulating supply through burns enhances token scarcity and strengthens intrinsic value.
● Long-Term Incentives: The burn mechanism attracts more long-term holders, fostering a stable environment for sustainable ecosystem growth.
● Governance Innovation: The execution of the burn strategy via DAO voting fully reflects the democratic and transparent nature of community governance.
The successful implementation of this burn proposal not only optimizes the $HTX token economy but also demonstrates HTX DAO's forward-thinking approach to enhancing ecosystem value.
"One-Coin, Multi-Mining" Proposal Launch Marks a New Phase for Exchange DAO
As user demand for diversified yield models grows, traditional mining methods often appear singular and inefficient. The introduction of the "one-coin, multi-mining" model directly addresses users' need for higher-yield efficiency.
"One-coin, multi-mining," another innovative proposal under HTX DAO governance, offers users a brand-new experience of coordinated mining across multiple projects, providing flexibility and convenience to earn rewards from various initiatives using a single asset. Key features of "one-coin, multi-mining" include:
● Coordinated Yields: Enables users to simultaneously earn returns from wealth management products and airdrop rewards, optimizing their income structure.
● Smart Allocation: Transparent and dynamic reward distribution mechanisms deliver a smarter, more user-friendly experience.
● Ecosystem Synergy: Promotes collaborative development among multiple projects within the HTX DAO ecosystem, reinforcing overall value.
As the first practical case of the "one-coin, multi-mining" model, the Launchpool campaign represents a major upgrade to the PrimePool new-token mining program, integrating wealth management with mining—enabling dual earnings from both yield generation and airdrops.
The first Launchpool event officially launched at 20:00 (UTC+8) on December 4 and will run until 20:00 (UTC+8) on December 18. Users who stake $HTX or subscribe to the $HTX flexible savings product can share in dual airdrops of 1,666,666 MEMEFI and 729,710 PCI.
● Multi-Project Yield Participation: By staking a single asset, users can simultaneously participate in yield distributions from multiple projects.
● Integrated Wealth Management & Mining: Links flexible savings products with mining yields, offering users greater flexibility.
● Transparent Distribution Mechanism: Under HTX DAO governance, the reward distribution process is open and transparent, enhancing user trust.
The "one-coin, multi-mining" model is not just an innovation in user earnings—it also enables synergistic development across multiple projects within the HTX DAO ecosystem. Through DAO governance, cross-project resource sharing and coordinated growth become possible. This model also attracts more high-quality projects to join the HTX ecosystem and co-develop innovative mining frameworks. With the implementation of the "one-coin, multi-mining" proposal, HTX DAO has opened a new chapter in exchange-based DAO governance, laying the foundation for future proposals.
Exchange-Based DAO: More Possibilities for Future Governance Proposals
The successful launch of the "one-coin, multi-mining" proposal is merely the starting point for HTX DAO's governance innovation. Going forward, HTX DAO will continue exploring diverse applications of proposal-based governance within the exchange ecosystem:
● More Innovative Mining Models: Introduce cross-chain mining, yield optimization, and other models to further enhance user experience.
● Cross-Chain Collaboration: Use DAO mechanisms to foster deeper cooperation between different blockchain ecosystems, expanding HTX’s market influence.
● User Co-Creation: Encourage community members to actively submit proposals and contribute ideas and insights to the development of the HTX ecosystem.
Through the implementation of the liquidity contribution-to-burn and "one-coin, multi-mining" proposals, HTX DAO has demonstrated the strong potential of decentralized governance in optimizing exchange ecosystems. This innovative model not only delivers greater value to users but also provides a replicable governance blueprint for the broader crypto industry.
Looking ahead, HTX DAO will continue to center on proposal-based governance, adopting an open and diverse governance model to explore innovation and evolution within exchange ecosystems. It aims to build a leading decentralized governance system in the industry and create a more open and mutually beneficial ecosystem for global crypto users.
About HTX DAO
As a multi-chain-deployed decentralized autonomous organization (DAO), HTX DAO showcases 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 and encourages all ecosystem participants to propose suggestions that advance the development of HTX DAO.
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