It's late at night, after watching Liu Ye's Q&A about HTX DAO's "Not Just Destruction, User Concerns", I really benefited a lot. @HTX_Molly That feeling is not being incited, but deeply moved and convinced. In the video, Liu Ye candidly explained the logic of HTX DAO: destruction is only the result, construction is the goal. If deflation is only for the sake of deflation, then at most it is emotional fluctuations; But if there is income growth, mechanism determination, and DAO truly operating behind it, then it is another kind of long-term accumulation and development. Destroying data is just a superficial phenomenon Over the past year, the destruction mechanism of HTX has quietly become stronger—— From July last year to October this year, the single phase destruction volume has increased from over 700 million to over 1.3 billion, The destruction efficiency has also increased from 0.78% to 1.02%, and then to the latest 1.39%. This is not about the proportion increasing due to the decrease in circulation, but rather the platform's revenue increasing, the amount of destruction increasing, and efficiency accelerating accordingly. Simply put, HTX does not survive by reducing circulation, but by making money to destroy and enhancing scarcity through mechanisms. But what Liu Ye emphasized even more was "construction" She talked about three layers of logic, which left a particularly deep impression on me Level 1: Where does the money for destruction come from? It is not set out of thin air, but comes from the quarterly revenue of the exchange and the profits of the ecosystem business. Without real income, there is no qualification to discuss destruction. Second layer: After burning, how does the value circulate? This is the difference between DAO and traditional platforms: Revenue → Destruction → Decrease in Circulation → DAO Treasury Feedback → User Governance Participation. Holding coins is no longer a static waiting process, but has entered a closed loop of "participation+distribution+co construction". Level 3: Why is it called construction? Because HTX DAO is gradually opening up permissions—— Voting for coin listing, fee adjustments, governance proposals, and integration of ecological applications are no longer behind the scenes decisions, but are beginning to move towards community integration. This means that HTX is not just an asset that will be destroyed, but a growing right. What I see here is that the temperament of Huobi has returned Not a grandiose declaration to return to the peak, but a kind of: I have experienced a low point, I have not left the stage, and now I choose to speak again with numbers and mechanisms. Every time the currency circle changes its cycle, many people fall down, and the Huobi is almost abandoned by the times. But this time, its choice is not to seek a quick turnaround, but to slowly establish "certainty": Continuous destruction, DAO governance, revenue growth, and genuine participation. This feeling is very similar to the rhythm of early TRX - slow, but steady, and clear. I am looking forward to the next three things and hope to receive replies from Sun Ge @ Justinsuntron and Liu Ye @ HTX_Molly: Will destruction enter a long-term predictable range? Is there a publicly available 'target efficiency belt'? When will DAO Vault start to contribute to ecological construction? For example, node incentives, investment research funds, and ecological support? Will HTX DAO become the largest community-based asset governance experiment on TRON? The last sentence: What HTX DAO really wants to do is not burn, but rebuild. Burning tokens, establishing mechanisms and trust. @justinsuntron HTXNOVA HTXDAO HTX Crypto @HTX_DAO @HuobiGlobal @HTX_Molly @xiaojiucai_andy @Ceee333_