Decentralized Autonomous Organization (DAO) has provided a transparent and decentralized governance model for community collective decision-making since its development. With the iteration of blockchain industry technology, various projects and platforms have never stopped exploring the DAO governance model.

On January 18, 2024, HTX DAO officially announced its establishment, aiming to build a more transparent, efficient, and participatory digital economic ecosystem. As a visionary and inclusive platform, the envisioned ecosystem of HTX DAO is based on inclusivity and cutting-edge innovation, cultivating a democratic and efficient governance model through decentralization, while also taking an important step in the blockchain and decentralized governance field.

At the same time, HTX DAO also announced that Huobi HTX will become its ecosystem builder, with Huobi HTX donating 50% of platform revenue to HTX DAO ecosystem liquidity. This collaboration aims to cultivate a strong and active blockchain ecosystem, benefiting both parties and providing new opportunities for their growth in the blockchain industry.

HTX DAO nurtures more possibilities and contributes to the prosperity of the Web3 ecosystem. It is a pioneering and transparent decentralized autonomous organization within the blockchain ecosystem. The name "HTX DAO" embodies its characteristics and strategic direction as a decentralized autonomous organization: "H" symbolizes Huobi HTX Exchange, emphasizing its important role as the largest liquidity contributor in the HTX DAO ecosystem; "T" represents TRON, symbolizing the technological innovation driving the development of the HTX DAO ecosystem; "X" represents change and potential, consolidating the core beliefs of the HTX DAO vision. "X" also represents the numerous well-known entities that form the cornerstone of the DAO ecosystem, which will ultimately become an indispensable part of the HTX DAO ecosystem.

As a DAO, the governance structure of HTX DAO is diverse, composed of a decentralized community to promote the prosperity of the HTX DAO ecosystem, unlike traditional corporate structures.

According to the HTX DAO official website, HTX DAO has the following significant features:

1. Decentralized and Transparent Governance

It is well known that governance tokens, on-chain voting, and permissionless proposal rights are the cornerstones of decentralized governance. Any HTX DAO developer or partner can propose ideas for community governance and determine the direction and allocation of resources within HTX DAO. This process is open and accessible, allowing for preliminary suggestions to be freely proposed on the HTX DAO forum and formal proposals to be submitted through the HTX DAO governance module.

2. DeFi & CeFi, Equity Sharing

With the rapid development of the cryptocurrency market, DeFi (Decentralized Finance) and CeFi (Centralized Finance) are no longer competing with each other but have become complementary and mutually supportive forces. In this context, Huobi HTX's participation in the HTX DAO ecosystem serves as an example of how to innovatively combine the advantages of both. HTX DAO also opens the door to community participation, encouraging various forms of active cooperation:

• Community members: can actively participate in HTX DAO forums and social media, sharing innovative ideas that may be accepted by HTX DAO. Community leaders may also gain voting rights to influence the development direction of HTX DAO.
• Independent contributors: individuals or teams that can drive HTX DAO protocols, promote development, and collaborate with other projects are essential contributors.
• Ecosystem liquidity providers: voluntary participants in the TRON and HTX ecosystems who provide liquidity to the DAO. They are crucial for the HTX DAO and collectively drive a more robust ecosystem by expanding DeFi use cases, incentivizing widespread developer participation, enhancing smart contract interactions, and supporting various dApp scenarios.
• DAO partners: projects willing to contribute to the HTX DAO ecosystem and explore opportunities for collaboration with HTX DAO protocols are warmly welcomed.

In the future, HTX DAO will continue to deepen industry partnerships, jointly explore new paths for the development of the entire blockchain industry, and provide new growth momentum and a broader development vision for the entire market.

3. Liquidity Donation Mechanism, Co-building HTX DAO Ecosystem

Currently, DAOs are still in the early stages of development, and their functions are becoming increasingly diverse. In HTX DAO, every participant has the opportunity to voluntarily make a liquidity commitment, known as a "pledger." HTX DAO plans to establish an initial list of pledgers from various entities in the blockchain industry to jointly promote and strengthen the ecosystem.

The ecosystem liquidity donation mechanism of HTX DAO is carefully designed to empower the HTX DAO ecosystem, promote decentralization, and address security-related concerns and centralization issues. This mechanism not only strengthens the resilience and self-sufficiency of the ecosystem but also ensures the transparency and accountability of all operations. It introduces an innovative approach to support the growth of the HTX DAO ecosystem, while attracting various contributors from the broader community, collectively strengthening the entire DeFi ecosystem in a collaborative and inclusive manner.

4. On-chain Transparency, Security, and Efficiency

According to the HTX DAO official website, all HTX DAO votes are generated on-chain and cannot be tampered with by anyone, ensuring the fairness, efficiency, and transparency of governance.

HTX DAO has also passed a security audit by ChainSecurity, making it more open, transparent, secure, and trustworthy. ChainSecurity is a top security audit company in Europe and the United States, having provided security audit services for well-known projects such as Polygon, Uniswap, MakerDAO, and Yearn. Such a more secure, transparent, and independent HTX DAO ecosystem can openly accommodate community members, independent contributors, ecosystem liquidity providers, DAO partners, and various other roles, allowing all participants to actively engage in the discussion and construction of HTX DAO.

HTX DAO's fairer and more transparent governance concept empowers Huobi HTX

HTX DAO believes that true innovation comes from the integration and collaboration of different viewpoints within the blockchain community. With the empowerment of decentralized governance by HTX DAO, Huobi HTX Exchange has also been revitalized, breaking down the barriers of centralized governance and becoming the people's exchange.

The so-called people's exchange returns the power of the exchange to every user, making users the owners of Huobi HTX.

As of January 18, when HTX DAO was officially established, Sun Yuchen, a member of the Huobi HTX Global Advisory Committee, stated, "HTX DAO should be a community decision-making entity in the future. The community of DAO should produce representatives who truly believe in Huobi and the blockchain industry, actively make decisions, and truly address the challenges of the future."

Sun Yuchen believes that centralized exchanges have become the most core part of the blockchain industry. Ironically, the most core part of the blockchain industry, the exchange, is completely centralized, which has become the industry's tragedy due to the injustice caused by the control of centralized exchanges.

The launch of HTX DAO will empower more ecosystem roles, including Huobi HTX. In the future, the listing rights, management rights, and decision-making rights of Huobi HTX will be handed over to HTX DAO, to the people, to the community. The complete empowerment of HTX DAO will truly achieve the democratization of the Huobi HTX exchange.

From CeFi to DeFi, shaping the paradigm of decentralized governance ecology

DAO, as the governance model widely adopted in DeFi and crypto projects, represents a new power structure. Under this framework, collective decision-making becomes possible, eliminating control by a single party. With the continuous progress of technology and ideas, power decentralization and community autonomy will continue to deepen, including the effectiveness of decision-making, coordination between the development team and administrators in the early stages of the project, and achieving a balance between power decentralization and fair rewards for contributors.

The emergence of HTX DAO holds special significance in the crypto world. It not only breaks the limitations of centralized governance, bringing together the wisdom and influence of the blockchain field, but also provides a platform for the integration and collision of diverse viewpoints from the community. This diverse exchange and collaboration have the potential to generate true innovation, thereby influencing the development of the entire industry.

The crypto industry continues to evolve with ongoing technological iterations. Beneath the surface, innovative ideas, valuable concepts, and potential narrative directions require a platform with sufficient dimensions and openness for discussion and incubation. HTX DAO is precisely such an ecosystem to support all potential developments.

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