HTX DAO Completes Q4 2024 Token Burn: Over $22.47 Million Worth of $HTX Burned to Strengthen Ecosystem

On January 15, 2025, HTX DAO announced the completion of its $HTX token burn for Q4 2024. This burn process involved 9,982,673,247,009.8082 $HTX tokens, with a total value exceeding $22.47 million. The burn was carried out on-chain to ensure transparency, and users can verify the burn details via the transaction hash . 

For more details on the burn, please read HTX DAO's official announcement: https://htxdao-1.gitbook.io/announcement-en

Achieving Record-Breaking Burn under Updated Mechanism 

In Q3 2024, HTX DAO made a significant adjustment to its burn mechanism based on feedback from its governance committee and community members. The portion of $HTX tokens previously used for liquidity pledges are now directly burned. This shift is expected to substantially increase burn efficiency and support the long-term value appreciation of $HTX. 

The latest burn marks the second execution under the updated mechanism. According to statistics, HTX DAO has burned a total of 49.63 trillion $HTX tokens in 2024, with the combined value of pledges and burns reaching approximately $95.22 million. This accomplishment underscores the platform's dedication to reducing the circulating supply. It also demonstrates HTX DAO's commitment to fostering stronger community consensus and  driving sustainable ecosystem growth.

Driving Long-term Growth Through Token Burns

As stipulated by the burn mechanism, HTX DAO will burn 50% of HTX's quarterly revenue in $HTX tokens. This strategy meets the community's expectations regarding token value management while further solidifying HTX DAO's credibility and transparency in governance. 

Regular token burns not only support the development of the $HTX deflationary model but also boosts confidence among community members. By reducing the circulating supply, this mechanism helps balance supply and demand, stabilize market prices, and increase the appeal of holding $HTX for the long term. 

The HTX DAO Committee has stated that the ongoing implementation of the burn plan will enhance the scarcity of $HTX tokens and, through an improved ecosystem, provide more stable, long-term returns for platform users and investors.

Shaping the Future of the Ecosystem Through Community Consensus 

As platform services continue to improve and the user base grows, the value and impact of HTX DAO's quarterly burn mechanism will become even more apparent. The next burn is scheduled for April 15, 2025. The burn amount will be determined based on HTX's revenue in Q1 2025. 

Since its establishment, HTX DAO has focused on building a user-centric blockchain ecosystem founded on transparency, efficiency, and vitality. Moving forward, HTX DAO will continue engaging with community members to enhance governance mechanisms. Through transparent governance and efficient management, the platform will adopt sustainable growth strategies to create long-term value for users and communities. HTX DAO looks forward to collaborating with ecosystem partners and global users to build a more stable, open, and dynamic blockchain environment.

About HTX 

Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of "Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance", HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

Contact Details

Ruder Finn Asia

[email protected]

Company Website

https://www.htx.com

This post is commissioned by HTX and does not serve as a testimonial or endorsement by The Block. This post is for informational purposes only and should not be relied upon as a basis for investment, tax, legal or other advice. You should conduct your own research and consult independent counsel and advisors on the matters discussed within this post. Past performance of any asset is not indicative of future results.