HTX DAO Completes Q4 2024 $HTX Burn: Over $22.47 Million Worth, Continuously Advancing Ecosystem Stability and Growth
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HTX DAO Completes Q4 2024 $HTX Burn: Over $22.47 Million Worth, Continuously Advancing Ecosystem Stability and Growth
It is reported that the HTX DAO's next quarterly token burn plan will take place on April 15, 2025. The amount to be burned will be determined based on revenue performance in the first quarter of 2025.
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According to an official announcement from HTX DAO, on January 15, 2025, HTX DAO officially completed its $HTX token burn plan for the fourth quarter of 2024, destroying a total of 9,982,673,247,009.8082 $HTX tokens, with a total value exceeding $22.47 million. This burn was executed on-chain to ensure transparency and openness. Users can view detailed burn information via the transaction hash.
Announcement details: https://htxdao-1.gitbook.io/announcement-cn
Strategy Adjusted Again, Total Burn Reaches New High
Previously, based on input from the HTX DAO Governance Committee and community feedback, HTX DAO made significant adjustments to its token burn mechanism in Q3 2024: tokens originally allocated for liquidity contributions were redirected to direct burns. This change significantly enhances burn efficiency and supports long-term growth in the value of the $HTX token.
This latest burn marks the second full-token-burn execution since the mechanism update. Statistics show that HTX DAO’s total $HTX burn volume reached 49.63 trillion tokens in 2024, with cumulative donations and burns amounting to approximately $95.22 million. These actions reflect HTX DAO’s consistent fulfillment of its token deflation commitment, demonstrating its growing community consensus and determination to drive sustainable ecosystem development.
Implementing Burn Plan, Focusing on Long-Term Growth
Under the established burn schedule, HTX DAO uses 50% of Huobi HTX’s quarterly revenue for token destruction. This mechanism fully responds to community expectations regarding token value management and further strengthens HTX DAO’s credibility and transparency in ecosystem governance.
The implementation of regular burn programs has not only advanced the positive development of the $HTX deflationary mechanism but also significantly boosted community confidence. By reducing the circulating supply of $HTX tokens, it effectively balances supply and demand, stabilizes secondary market prices, and increases the appeal of holding tokens long-term.
The HTX DAO committee stated that the continued execution of the burn plan enhances the scarcity of $HTX tokens and, through improved ecological circulation, delivers more stable long-term investment returns for platform users and investors.
Upholding Community Consensus, Building the Ecosystem Together
As platform services continue to improve and user scale expands, the value and significance of the quarterly burn program will become increasingly evident. It is reported that HTX DAO’s next quarterly token burn will take place on April 15, 2025. The exact amount to be burned will be determined based on HTX’s first-quarter 2025 revenue.
Since its inception, HTX DAO has prioritized user interests and is committed to building a transparent, efficient, and self-sustaining blockchain ecosystem. Going forward, HTX DAO will continue to listen to community feedback, refine governance mechanisms, and implement transparent governance and efficient ecosystem management to advance sustainable development strategies and create long-term value for users and the community. HTX DAO looks forward to working alongside ecosystem partners and global users to co-create a more stable, open, and vibrant blockchain future.
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 diverse participants collectively driving the organization's success. Its unique ecosystem promotes open values and encourages all ecosystem members to submit proposals that contribute to HTX DAO’s growth.
Contact Information
Website: www.htxdao.com
Email: media@htxdao.com
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