Delving into the HTX DAO community governance-driven, $HTX has a more scientific and democratic destruction mechanism, more diversified scenario empowerment, and a more solid foundation for sustainable value growth.

Written by: Deep Tide TechFlow

When discussing the concept of "governance" in the crypto industry, many people speak eloquently: token holders vote to reach a consensus to promote ecological development.

However, when it comes to specific execution, those who have truly engaged in governance often lament: it is arguably the most challenging module in the crypto industry.

From the decentralization of governance chips to mobilizing community participation, from balancing the rights and interests of various stakeholders in the ecosystem to the public and transparent execution of governance proposals… every step is a challenge.

Governance is like a very rigorous and precise machine: when it operates well, it is the flywheel of ecological development; if any link goes wrong, the community will face doubts and the need for trust rebuilding.

For exchanges with larger traffic, more stakeholders, and stronger topic discussions, how to leverage the ecological driving effect of governance is clearly a more thorny proposition.

Coincidentally, HTX DAO, which is committed to creating a model of DAO governance, released its 2025 annual report. Deep Tide TechFlow engaged in an in-depth dialogue with Molly, the official spokesperson of Huobi HTX and ambassador of HTX DAO.

Carefully studying the annual report, HTX DAO has achieved a series of impressive accomplishments: the total number of $HTX holding users reached 849,900, on-chain voting totaled 1.1916 trillion $HTX, a total of 858.8 trillion $HTX was destroyed, and the total user earnings exceeded $30 million… With $HTX at its core, 2025 will be a year of true implementation of the HTX DAO governance framework.

When discussing the positioning of the $HTX token, Molly defined it as a "token for decentralized governance," stating:

Compared to platform tokens that are mainly limited to a single platform ecosystem, DAO governance tokens can explore diversification around the entire governance system, community culture, and Web3 construction, offering greater imaginative space. HTX DAO aims to become an open and inclusive ecosystem, allowing all builders and community members related to HTX to participate in this decentralized governance practice.

Regarding the $HTX destruction mechanism, which has garnered significant community attention, Molly elaborated on how the $HTX destruction mechanism is linked to governance voting, token value, and ecological construction, achieving a self-circulating and sustainable healthy ecosystem:

HTX DAO has officially shifted from "liquidity donation" to "destruction mode." Every quarter, 50% of the exchange's revenue in equivalent $HTX will be used for destruction. The destruction mechanism serves as both a token value flywheel and a catalyst for decentralized governance.

Finally, when discussing the core standards and implementation paths of the often-mentioned "DAO governance model," Molly shared the key factors in her view:

I believe that to create a successful decentralized governance model, it is essential to have a verifiable economic closed loop and to manage the relationship between supervision and power effectively. In the future, HTX DAO will vigorously expand the use cases of the $HTX token, including exploring internal platform scenarios and negotiating collaborations with various institutions, while also striving to involve more people in the $HTX token ecosystem to increase the number of token holders.

In this issue, let us follow Molly's insights and delve into the more scientific and democratic destruction mechanism of $HTX, the more diversified scenario empowerment, and the more solid foundation for sustainable value growth driven by HTX DAO community governance.

$HTX is not a platform token, but a more open and inclusive governance token

Deep Tide TechFlow: First, welcome you to introduce yourself. What are your main responsibilities currently?

Molly:

Hello everyone, I am the official spokesperson for Huobi HTX and also serve as the ambassador for HTX DAO. I am very happy to have the opportunity to communicate with you today.

I have been in the blockchain industry for over four years. In the past year or two, my main focus has been exploring the governance mechanisms of centralized exchanges and how to integrate this governance with decentralized DAO organizations. We hope to find a new, sustainable paradigm for "exchange DAO transformation."

Deep Tide TechFlow: What kind of organization is HTX DAO? What are its goals? What is its relationship with the $HTX token?

Molly:

This is a question that people often ask. HTX DAO is a decentralized autonomous organization (DAO) initiated with the support of the HTX exchange and the TRON public chain ecosystem, collaboratively established by community members, early contributors, and global advisors. The initial goal was to see how the concept of decentralized governance could be truly integrated into the centralized exchange system, allowing token holders to participate in the governance and decision-making of the exchange to some extent.

In this exploration process, we found that the boundaries of the DAO are far beyond just the governance of the exchange; it also involves the construction of the DAO's own democratic structure, innovation in governance models, and the cultivation of cultural ecosystems. These are new directions that we have gradually derived in practice.

Currently, we are also trying to make HTX DAO a referenceable sample. If our exploration can achieve certain results, we hope it can provide insights for the construction of other DAOs. Over the past two years, we have received numerous requests for communication and learning from other DAO projects, which is very encouraging for us.

As for the relationship between the $HTX token and the DAO, the $HTX Token is actually the governance token of the DAO. It serves not only the HTX platform but is also applicable to the ecosystem of exchanges like Poloniex. Its positioning is not the traditional "platform token," but a token aimed at decentralized governance.

Compared to platform tokens that build ecosystems around a single platform, the potential of DAO governance tokens is greater, as they can explore diversification around the entire governance system, community culture, and Web3 construction. We hope HTX DAO can become an open and inclusive ecosystem, allowing all builders and community members related to HTX to participate in this decentralized governance practice.

Deep Tide TechFlow: Since $HTX is not a platform token, why did Huobi HTX choose to adopt a governance token that supports the DAO instead of launching a platform token?

Molly:

From the perspective of industry development, the narrative of platform tokens belongs to the previous cycle's product. Its model has been repeatedly validated and is relatively mature over the past few years, such as through fee discounts, mining incentives, platform empowerment, and even launching public chains to extend ecosystems, all of which have successful cases in the market. However, at this stage, we believe the industry is entering a new phase that emphasizes decentralization and community governance.

In most cases, the governance of platform tokens is essentially still centralized, with decision-making and empowerment logic largely controlled internally by the exchange. In our exploration of HTX DAO, we found that true innovation lies in returning governance power to the community and ecological participants.

In HTX DAO, many matters are no longer decided unilaterally by the exchange but are discussed and governed collectively by external ecological builders, token holders, and the DAO committee. This fundamentally distinguishes it from traditional platform tokens.

Of course, this path is not easy. As I mentioned in some occasions before, we cannot guarantee that we can fully implement this model, but it is worth trying. Because it concerns a more long-term issue: how to form a new cooperative relationship between external community forces and centralized exchanges, rather than a simple hierarchical structure.

From a vision perspective, platform tokens are more like an extension of platform equity, with their governance scope mainly limited to a single platform ecosystem; whereas DAO governance tokens aim for a broader goal, hoping to build an open, autonomous, and co-constructed ecosystem. We believe that such attempts align more with the direction of "decentralization" in the crypto industry and provide a new possibility for exchange governance.

Deep Tide TechFlow: In the future, what role do you think $HTX hopes to play? What do you think is the most unique and irreplaceable competitive advantage of the $HTX token compared to other platform tokens?

Molly:

As I mentioned earlier, the platform token model may belong to a trend of a certain stage, and only a few leading exchanges may be able to truly implement and sustain its development, as resources and market opportunities are limited. If everyone is competing, strong exchanges will naturally have a more competitive ecosystem.

Therefore, I believe that in the platform token space, $HTX's role is not to compete with other platform tokens. In fact, we believe that the development of exchanges is closely linked to the development of the entire industry. We are still in a relatively niche circle, where people have been in this field for years, but for external traditional financial institutions or emerging forces, they still maintain a wait-and-see attitude towards our industry. If we continue to stay in this small circle, the ecosystem cannot expand. But if we can help more people understand and participate in this industry, as the industry flourishes, $HTX will also prosper.

Thus, this year we have set a clear goal for ourselves: to become builders. We are not only focusing on the exchange platform but will also expand into more areas, such as developer ecosystems, public welfare projects, etc. These are all directions for our future development, and our goal is to make crypto technology more relatable to everyday life, so that more people can understand and use it.

The advantages of $HTX are very clear. First, as a decentralized organization, we can better serve as advocates to promote the crypto industry both domestically and internationally, educating outsiders about the concepts of the crypto industry and helping them understand how to participate. For example, the developer forum we held in Shanghai attracted a large number of external individuals interested in Web3, building a bridge for them, dispelling misunderstandings about Web3, and sparking their interest in the industry.

Additionally, we are collaborating with many developers and researchers to explore how crypto technology can be better applied in various fields. HTX DAO is not just about investment support; it is also about promoting the application and development of technology. We understand that only through multi-party collaboration can we truly advance the entire industry.

Another unique advantage of $HTX is our strong content research team behind it. You may not be aware, but our platform actually has a very professional currency research institute, with a team that conducts in-depth research in the field of cryptocurrencies and related areas. We can provide very professional analysis and guidance to outsiders, helping them understand the dynamics and development trends of the crypto industry. We are also exploring the development of some Web3 courses aimed at Web2 users, making it easier for them to understand this industry and find their entry points.

The destruction mechanism serves as both a token value flywheel and a catalyst for decentralized governance

Deep Tide TechFlow: The destruction mechanism of $HTX is a focal point of market attention. Could you elaborate on the sources of the destruction funds, the cycle, and the decision-making logic? How does it fundamentally change the supply and demand relationship of the token?

Molly:

I can answer this question in three parts.

First, regarding the source, the destruction funds initially came from a liquidity donation model, with half of the funds sourced from Huobi's $HTX and the other half from TRON ($TRX), specifically based on Huobi's revenue for liquidity donations.

Later, after about six months of building the liquidity pool, we gradually shifted to a destruction model. Currently, the funds for destruction come entirely from the $HTX held by Huobi HTX's liquidity department. In the initial token distribution, the exchange held a portion of the tokens, and as the destruction of tokens continues, the amount of $HTX held by the exchange will decrease over time.

This year, we decided to donate all $HTX to the community to achieve complete circulation. In the future, the management and governance of the tokens will be entrusted to the DAO organization. This means that the destroyed tokens are not just a financial means of circulation but also represent our further commitment to decentralized governance.

Regarding updates to the destruction mechanism, we have included it in this year's white paper, and in fact, we started implementing it from the third quarter of last year. Specifically, we set a fixed ratio: 50% of the exchange's revenue each quarter will be used for the destruction of an equivalent amount of $HTX. For example, now that we are in the fourth quarter, we will calculate the total revenue of the exchange before December 15 and convert 50% of that revenue into an equivalent amount of $HTX for destruction.

Finally, regarding how the destruction mechanism changes the supply and demand relationship, this actually involves the core issues of token governance and decentralization. As I mentioned earlier, as the exchange develops and revenue increases, the amount of $HTX destroyed will also increase. This way, the tokens held by the exchange will gradually decrease, and eventually, we will enter a stage of decentralized governance completely led by the DAO community, where the DAO will formulate relevant plans to maintain a healthy deflationary mechanism and continuously adjust and optimize based on the development stage.

Deep Tide TechFlow: You just mentioned donating all $HTX to the community for complete circulation. I understand that the community here refers to HTX DAO. What is the decision-making process for how these funds will be allocated?

Molly:

Once in the DAO, the tokens will be completely managed by the community.

Regarding governance, the committee is elected by community members, and we have conducted two rounds of elections. The election mechanism for the committee is very open, and any user holding $HTX can participate, but there are certain thresholds regarding the amount of $HTX held and past work experience. The election follows internationally accepted methods, including campaigning, Q&A sessions, and live streaming. The committee members elected through voting will be responsible for token governance and ecological construction. During their term, they need to publicly share their work progress within the community and accept supervision from all token holders.

Initially, we held elections every six months, but during the second election, we consulted the first committee members and found that the six-month term was too frequent, as many newly appointed members had not yet fully settled in. Therefore, we adjusted to a more common election frequency, currently trialing for about a year and a half. If performance is good, they will continue in office, with a general term of 3 to 4 years.

In governance, committee members can propose initiatives, which will be discussed and voted on by the community. If a proposal passes, the committee will allocate the corresponding resources based on the proposal's content to promote project implementation. For example, we recently initiated a proposal regarding the development of the developer ecosystem, which included the entire process from proposal to review, to fund allocation and incentive mechanism establishment.

The management of these funds will be conducted through HTX DAO, and the sources and flows of these funds will be completely transparent. In the future, we also plan to publicly display the treasury's fund flow on the DAO's official website, allowing all users to see the specific destinations and effects of each expenditure.

Deep Tide TechFlow: How do you ensure fairness, transparency, and efficiency in the governance process to truly achieve community-driven governance?

Molly:

This is also a topic we continuously reflect on during our practice.

Regarding fairness and transparency, we have sometimes fallen into an over-interpretation of fairness. For example, initially, we thought fairness meant one vote per person, but as we delved deeper into practice, we found that this approach was not entirely mature. For instance, during last year's market downturn, a proposal was made to destroy 99% of the tokens, and under the "one person, one vote" model, this proposal received significant support. However, it was clear that such a proposal was extreme and emotional; the destruction of tokens should be based on strategic goals rather than emotional decisions.

This incident made us deeply realize that so-called fairness and transparency must be conducted on the basis of ensuring the healthy development of the entire ecosystem. Our primary task is to be responsible for the ecosystem and the holders. Many times, we need a more prudent attitude; short-term popularity or traffic is not a standard for measuring the quality of things, especially in the early stages, where it is more about having visionary and goal-oriented participants to lead, ensuring sustainable growth in the future.

Therefore, we have made some adjustments to the voting mechanism. We gradually recognized that users holding more tokens should have a greater voice in voting, and professional opinions should be given more respect. For example, in the process of voting for token recommendations, expert recommendations and ratings from the exchange's asset group can carry more weight, while ordinary users' votes are relatively weaker. To ensure fairness and transparency, all voting processes can be viewed on the blockchain, with voting addresses, processes, and results being completely public.

Data ultimately proves the rationality of our decisions. For example, among the six projects we selected in the token recommendation voting, after a period of time, we will compare the performance of these projects with those that were not selected in the market. If the projects we selected perform better than those not selected, it indicates that our choices align with the core goals of ecological development.

Thus, in addition to ensuring the public transparency of the voting process and results, we also place great emphasis on tracking and feedback after the voting results. Through this data, we can assess whether our decisions have truly promoted the development of the ecosystem and ensure the accuracy and effectiveness of future decisions.

We believe that, in addition to data and a publicly transparent voting mechanism, communication is equally crucial. We regularly engage with users on Twitter and Spaces, explaining why we make certain decisions and the logic behind them. Through this approach, we can help users better understand our goals and direction, alleviating their concerns.

In fact, we have found that this communication effect is very significant. Many users may misunderstand the situation without fully understanding it, but through our communication and explanations, they often come to understand our decisions and feel confident about future developments. Moreover, as long as they see that these decisions ultimately bring returns and a positive development direction, their sense of trust will gradually increase.

Enhancing practicality through multiple scenarios, injecting underlying value logic into $HTX

Deep Tide TechFlow: Besides destruction, what other measures (such as locking and staking) does Huobi HTX have in place to maintain the scarcity of the $HTX token?

Molly:

Regarding the scarcity of the $HTX token, we first ensure it through the destruction mechanism. This is actually very crucial. At the same time, we also focus on the liquidity and price stability of the token, where the liquidity donation pool plays a very important role. Although this mechanism is often overlooked, its significance becomes increasingly apparent over time. It not only helps stabilize the token price but also provides a safety net for the entire market.

In the early stages, we ensured token deflation through a 50% destruction ratio. Additionally, we also hold irregular events; for example, last year we launched a trading mining program, where all issued $HTX would be repurchased and destroyed at a 1:1 ratio. This approach not only promoted the destruction of tokens but also effectively stabilized the token price.

To stabilize user holdings and promote token liquidity, we have also implemented strategies such as locking and staking. For instance, last year we offered higher interest subsidies for locking, initially set at 18% for a three-month lock-up period, and 15% for flexible holdings, attracting more holdings through this relatively high APY.

At the same time, we have also opened up the Launchpool channel. Currently, holding $HTX on the platform requires just one click to enjoy both investment and mining returns, further empowering token holders.

In multiple platform application scenarios, we have introduced special incentives for $HTX holders. For example, in the setting of VIP customer rights, if users hold $HTX, they can quickly reach the threshold for large customers with a calculation bonus. Additionally, we also offer fee discounts and other benefits for $HTX holders in the OTC trading sector. Overall, we encourage users to widely use $HTX on the platform and increase their willingness to hold and frequency of use through various scenarios. Importantly, the income portion from using $HTX will be used for destruction, creating a complete closed loop that promotes token destruction and solidifies token scarcity.

We are currently actively exploring the application of the $HTX token in the DAO ecosystem. In the future, all users participating in DAO construction and activities will be encouraged to hold a certain amount of $HTX tokens to support the growth of the DAO and the development of the ecosystem. We are not only using $HTX within the Huobi HTX platform but also in other scenarios on-chain or outside the HTX platform, where the $HTX token can also play a role. For example, users can use $HTX to participate in DAO governance, voting, proposals, and other activities, which will greatly enhance the token's value in the decentralized ecosystem.

This cross-platform and cross-chain usage scenario will further broaden the application scope of the $HTX token, giving it a wider influence in the global decentralized economic system.

Deep Tide TechFlow: You just shared the core application scenarios of the $HTX token on the platform. Which parts do you find impressive or worth paying attention to? What future plans do you have?

Molly:

One of the key projects we are currently promoting is the 2.0 version of the voting recommendation mechanism. We successfully launched the first phase last time and achieved good results. Throughout the event, we attracted over $40 million in investment through this mechanism. Now we are advancing to the second phase and have found that the market and users, especially project parties, are very interested in this mechanism based on feedback from the first phase.

At the same time, during the promotion process, we also identified some issues, particularly regarding product experience, where the user participation process was relatively complex, leading to a certain degree of loss.

Therefore, we are optimizing the product experience, striving to integrate on-chain voting with the voting system for holders within the exchange. We are also considering providing some interest subsidies for on-chain voting to incentivize users to participate more in on-chain voting.

The core of the voting recommendation mechanism lies in how to select projects that truly have potential. We hope to establish a professional governance committee to filter and incubate those promising projects and communities. Project teams and investors need to see that the projects selected by HTX DAO have high quality, avoiding low-quality projects.

In this process, investor trust is crucial. If HTX DAO can select excellent projects, the exchange's revenue will naturally grow, and a portion of this growth will be used for further destruction of $HTX tokens, forming a healthy closed loop. Therefore, we are not only focused on the circulation and destruction of tokens but also exploring how to promote project quality through the voting mechanism. We believe that only through rigorous project selection and high-quality investment returns can we attract more investor participation.

To make participation more attractive, we will provide an incentive mechanism for project teams, requiring them to give back to community token holders before initiating a voting. This will no longer be a free vote; instead, project teams will be required to invest a certain amount of tokens into our mining pool, which will be used for ecological construction and rewards for token holders. This is also what we envision for the voting recommendation 3.0 phase.

This mechanism not only ensures the quality of voting but also encourages project teams to establish closer relationships with the community. As the voting mechanism improves, we will also charge project teams a certain fee to promote ecological construction and maintain the healthy development of the platform and community.

We hope to promote the development of the entire ecosystem in a more open manner, rather than relying solely on the internal development team of the exchange. Therefore, we are building a developer ecosystem that allows external developers to participate in the product development of HTX DAO. We will incentivize developers to create the products we need, such as the voting recommendation system, through bounties.

Specifically, suppose we need to develop a certain feature, like an on-chain voting system. In that case, we can publish a development task and provide rewards for developers who complete the task. Developers can bid based on their capabilities, ultimately completing the development task and submitting the product. This approach not only incentivizes external developers to participate but also brings more innovative thinking and technical capabilities to the DAO, making the entire ecosystem more decentralized and distributed.

Through this method, we hope to inject more vitality into the governance system of HTX DAO and promote the realization of the entire decentralized governance model.

Deep Tide TechFlow: What are some existing scenarios that have been implemented or achieved good results regarding the DAO voting governance mechanism?

Molly:

First of all, the voting recommendation is a very successful outcome for us. In the first phase, we received applications from over 100 projects, and the entire selection process was very engaging, allowing for self-nominations as well as community recommendations. Additionally, we invited some senior KOLs and project screening experts from the industry to participate. Ultimately, after the committee's screening, we selected over 40 projects to enter the voting stage, and more than 10 projects successfully received voting support, with 6 projects successfully listed on the exchange.

This process effectively validated the entire voting recommendation process, connecting the entire chain from voting to listing. Through this mechanism, we not only attracted over $40 million in $HTX holdings but also saw the price of $HTX increase by over 20% within a month. This undoubtedly created a successful closed loop for holders, project teams, and governance committee members, providing preliminary proof of the model's feasibility.

In addition, on-chain voting is another important mechanism that we have implemented. Currently, HTX DAO supports holding-based voting. We periodically initiate proposals based on suggestions from the community, users, or committee members, and decide whether to execute a proposal through voting. This process is entirely decentralized; any user holding a certain amount of tokens can initiate a vote and promote it to encourage more token holders to participate.

As of now, we have successfully passed dozens of proposals that have been implemented. For example, we had a proposal where the initiator wanted to establish a "Charity Ambassador" position within HTX DAO. While many might think the crypto industry is closely related to finance, some community members hoped to engage in public welfare through crypto projects. Ultimately, under the DAO's voting decision, the "Charity Ambassador" was successfully established. This project not only enhanced brand exposure but also brought crypto culture into more social dimensions, showcasing our DAO's unique value in public welfare and social responsibility.

Core Standards and Priorities for DAO Governance Models

Deep Tide TechFlow: You mentioned "exploring a model of DAO governance." What do you think are the standards for becoming a model?

Molly:

I believe that to create a successful decentralized governance model, there must first be a verifiable economic closed loop. Our goal is simple: all efforts and explorations ultimately aim to ensure that the ecosystem can develop sustainably, be profitable, and create value. If we do a lot of things but do not generate actual economic benefits, and the token price does not change significantly, it means our model may not have value, or we are merely entertaining ourselves.

Therefore, first, a governance model must be able to bring continuous profits to the ecosystem. I am not saying that the token price must always rise; in fact, any strategy may be effective in the short term, but the most important thing is that we can ensure stable price growth without experiencing drastic declines. The ideal state is that after a period, the token price can maintain a steadily rising trend rather than fluctuating wildly. Only in this way can we consider the ecosystem to be mature, healthy, and capable of sustaining long-term vitality.

Additionally, managing the relationship between supervision and power is another key to successful governance. For example, we envision a new mechanism called "Everyone is a Promoter/Supervisor of HTX DAO." In traditional centralized systems, promotional work is usually outsourced by exchanges or project teams to KOLs or institutions, making it difficult to achieve complete transparency. However, in a decentralized model, the promotional task can be entirely entrusted to community members, allowing every user to participate in promotional work and submit their promotional results via blockchain to receive corresponding rewards.

But this does not mean there is no supervision. In this system, every user is not only a promoter but also a supervisor. I can promote today and supervise tomorrow. This way, the entire process becomes more transparent and self-regulating. If a user commits fraud, other supervisors can quickly identify it because all information is public, transparent, and immutable.

The benefit of this model is that it does not rely on any centralized institution or organization; all community members can participate, earning rewards while ensuring the healthy operation of the ecosystem. This decentralized supervision and execution mechanism can form a healthy closed loop, ensuring fairness while allowing every member to participate in governance and promote the sustainable development of the ecosystem.

If we can successfully implement this mechanism and ensure it operates within a decentralized framework, it will become a very ideal governance model. Through this mechanism, the entire ecosystem will no longer be dominated by a few individuals or institutions but will be jointly governed and supervised by every community member. This self-driven model can continuously create new opportunities and innovations, ensuring the sustainable development and healthy operation of the ecosystem.

Ultimately, we hope to establish a mechanism that does not merely do one thing, but creates an environment that can self-cycle and develop sustainably. This is similar to providing everyone with a piece of land that has sunlight, water, grass, and fertilizer, where they can come and cultivate with their ideas and creativity, allowing the ecosystem to grow naturally. What we need to do is establish a good mechanism that allows the ecosystem to self-cycle and continuously evolve in a healthy and transparent environment.

Deep Tide TechFlow: Looking ahead to the next phase, what do you think are the top 1-2 priorities for enhancing the value and attractiveness of the $HTX token?

Molly:

Our current core work focuses on two directions.

First, we are vigorously expanding the use cases for the $HTX token. Recently, we have also been in discussions with some external institutions, especially those interested in Web3. For example, we are working with a travel payment platform to explore whether we can integrate the $HTX token, allowing holders to use $HTX directly for consumption.

Secondly, internally on the platform, we are actively exploring application scenarios for the $HTX token, such as whether we can promote the consumption of $HTX tokens through trading competitions or other activities. Through these methods, we can both increase the actual use value of the $HTX token and enhance its consumption, thereby further developing the decentralized ecosystem.

In the long term, our goal is to involve more people in the $HTX token ecosystem and increase the number of token holders. The projects I mentioned earlier actually require holding $HTX tokens to participate. Therefore, as these long-term projects progress, we believe they will attract more people to join our ecosystem. We hope that through these long-term efforts, we can gradually accumulate more token holders while enhancing the market value of the $HTX token.

In summary, our short-term goal is to increase the frequency of $HTX token usage through practical application scenarios, while our long-term goal is to attract more holders through opportunities for participating in ecosystem construction, thereby driving the growth of the token's value.

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