Currently, the total amount of HTX that has been destroyed and donated accounts for 9.2% of the total issuance.
On July 15, HTX DAO announced that it has successfully completed the $HTX token destruction plan for the second quarter of 2025. This move further implements the deflationary mechanism of HTX DAO, gradually enhancing the long-term value of $HTX and creating a more stable value expectation for token holders and community members.
Destruction value exceeds $22.16 million, continuous deflation safeguards the long-term value of $HTX
On-chain data shows that the total amount destroyed this time reached 11,796,322,511,974.72 $HTX, with a total value exceeding $22.17 million, representing a 15% increase compared to the previous quarter. Currently, the cumulative amount of HTX that has been destroyed and donated accounts for 9.2% of the total issuance.
The detailed data of this destruction has been made public through the on-chain hash address: https://tronscan.org/#/transaction/89e700e02885d0cd5b0d1bc00035a35cad83febb9b8f0e334322312b1444e301, allowing community users to verify at any time, ensuring the transparency and fairness of the operation.
HTX DAO will destroy 50% of the platform's revenue in HTX tokens each quarter, with the next destruction scheduled for October 15, 2025. Comprehensive data shows that since Q1 2024, HTX DAO has cumulatively destroyed approximately 727.6 trillion $HTX, with a total value of about $136 million. This scale of destruction not only demonstrates HTX DAO's commitment to advancing the deflationary mechanism but also conveys its firm confidence in the long-term value of the ecosystem.
By effectively reducing the circulating supply of tokens in the market, HTX DAO is building a more robust, scarcity-driven token economic model, bringing more supportive long-term value returns to $HTX holders.
Opening the token listing recommendation channel, accelerating the process of decentralized governance
While the destruction mechanism is being steadily implemented, HTX DAO's progress in decentralized governance is also becoming increasingly significant.
Recently, HTX DAO opened a token listing recommendation channel—starting from July 4, community users can recommend quality projects through three methods, including:
- Posting a separate thread to recommend projects on the HTX DAO forum;
- Participating in topic interactions in the Huobi HTX App community;
- Posting on the X platform with the topic #HTXVoteToList.
After preliminary screening and a voting session for $HTX holding users, the final winning projects will be submitted to Huobi HTX exchange for listing review, with the first round results to be announced on July 29. Additionally, all users participating in the recommendations and voting will have the chance to share a prize pool of nearly 10 billion $HTX.
This mechanism not only empowers community users with greater voice but also marks a key step for HTX DAO towards trading governance, laying a solid foundation for achieving the grand vision of a "Free Financial Port."
HTX DAO stated that it will continue to uphold the principles of decentralization and deepen community participation in governance, decision-making, and asset management in key areas. Through an continuously optimized deflationary mechanism and community governance model, it aims to provide a user-led, sustainably incentivized, and decentralized future financial ecosystem for global 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 structure composed of diverse groups, collectively committed to promoting the success of the organization. Its unique ecosystem advocates open values and encourages all ecosystem participants to propose suggestions that can facilitate the development of HTX DAO.
Contact Information
Official website: www.htxdao.com
Email: media@htxdao.com
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