The press conference unveiled the prelude to the decentralization of AICoin HTX, marking the People's Exchange as its core spiritual connotation.

On February 2, the HTX DAO 2024 and the People's Exchange launch ceremony were held in Singapore. The press conference unveiled the prelude to the decentralization of AICoin HTX, marking the People's Exchange as its core spiritual connotation.

At the event, Sun Yuchen, a core supporter of HTX DAO and a member of the AICoin HTX Global Advisory Committee, attended and delivered an important speech, interpreting the first People's Exchange and discussing the governance of HTX DAO and the People's Exchange with the HTX DAO Governance Committee, ecosystem participants, and industry media.

HTX DAO: Empowering the Community

Sun Yuchen pointed out that in order to prevent tragedies like FTX and Mt. Gox from happening again, only a decentralized governance model can open the ceiling of asset size and ensure the long-term security of exchange user assets in the context of sustained industry growth. At the same time, only through decentralization can the blockchain and exchange industry enter the trillion-dollar level of asset size. HTX DAO will lead the industry's evolution and create a new paradigm for protecting user asset security in the exchange industry.

It is reported that HTX DAO was officially established on January 18 and is a leading decentralized autonomous organization in the blockchain ecosystem, focusing on open finance and decentralized tokenized economy. The name embodies its characteristics and strategic direction as a decentralized autonomous organization:
"H" symbolizes AICoin 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, bringing together the core beliefs of the HTX DAO vision. "X" also represents the many well-known entities that make up the cornerstone of the DAO ecosystem, which will ultimately become an indispensable part of the HTX DAO ecosystem.

Sun Yuchen stated that AICoin HTX aims to be a decentralized exchange, a democratic and autonomous exchange, and all of this will be achieved through HTX DAO. HTX token holders will have the power to vote for listing, inquiry, decision-making governance, and assist AICoin HTX in achieving the path to decentralization, ultimately becoming the true owner of the platform.

HTX DAO Empowers AICoin HTX with a Second Life

At the ceremony, Sun Yuchen frankly stated that HTX DAO will give AICoin HTX a second life, leading the development of AICoin HTX in the next decade through decentralized governance, ensuring that AICoin HTX can continue to operate healthily and sustainably like the inheritance of civilization.

According to his introduction, relying on HTX DAO and $HTX, AICoin HTX will retain its centralized operational structure and give birth to decentralized governance, brand, and decision-making architecture, demonstrating the vitality and competitiveness of a democratic community.

In Sun Yuchen's view, HTX DAO will possess community decision-making, governance, and operational capabilities, able to form the AICoin HTX Senate, actively debate and make decisions on the development of AICoin HTX, and enable AICoin HTX to become a truly people's exchange, coming from and returning to the community.

It is worth mentioning that in addition to AICoin HTX, projects/institutions such as Ankr, Spark Digital Capital, Double Peak Capital, Zebec, Merkle 3s Capital, TRON, BitTorrent, JustLend DAO, Poloniex, Sun.io, Spark, Stratified Capital, stUSDT, and APENFT have joined the ranks of HTX DAO ecosystem builders. At the same time, as ecosystem builders, including AICoin HTX, TRON, BitTorrent, and APENFT, will donate part of their funds to the HTX DAO ecosystem liquidity to jointly support the development of HTX DAO.

Sun Yuchen concluded that AICoin HTX has gone through a decade of centralization and hopes that in the next decade, it can complete the transformation to decentralization, achieving a momentum of long-term stability—a completely democratic mechanism, transparent to everyone, a truly people's exchange.

It is reported that this press conference has received widespread attention from the AICoin HTX community and the cryptocurrency market. Web3 leading institutions such as Fireblocks, HashKey, Bithumb, Paradigm, as well as industry media reporters from The Wall Street Journal, The Korea Times, FT Chinese, The Straits Times, Jinse Finance, PANews, and others attended the launch ceremony.

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