#HTX DAO burns over $20 million#
Hot Topic Overview
Overview
HTX DAO completed its Q4 2024 $HTX token burn plan on January 15, 2025, burning over $22.47 million worth of tokens. This follows HTX DAO’s move to shift from donating a portion of its liquidity to direct token burning in Q3 2024, aiming to increase burn efficiency and stabilize ecosystem development. To date, HTX DAO has burned a total of $95.22 million worth of $HTX and TRX tokens. HTX DAO burns 50% of its Huobi HTX revenue every quarter, with the next burn scheduled for April 15, 2025. This burn mechanism effectively enhances the long-term value of $HTX, drives the sustainable development of the HTX DAO ecosystem, and boosts community confidence.
Ace Hot Topic Analysis
Analysis
HTX DAO completed its Q4 2024 $HTX token burn plan on January 15, 2025, burning over 9.9 billion $HTX tokens, valued at over $22.47 million. This burn continued the on-chain approach, ensuring transparency and allowing users to review details through the transaction hash. Notably, starting in Q3 2024, HTX DAO shifted from donating some tokens to liquidity to directly burning them, enhancing burn efficiency and stabilizing ecosystem development. To date, HTX DAO has cumulatively donated and burned $HTX and TRX tokens worth $95.22 million. As per the plan, HTX DAO will burn 50% of Huobi HTX's revenue every quarter, with the next burn scheduled for April 15, 2025. This burn mechanism effectively boosts the long-term value of $HTX, propels the sustainable growth of the HTX DAO ecosystem, and strengthens community confidence. It is reported that the total burn amount for the entire year 2024 has exceeded $100 million, significantly raising platform liquidity, making future development promising.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
HTX DAO enhances its long-term value by burning $HTX tokens and promotes sustainable ecosystem development.
The burn mechanism strengthens community confidence in HTX DAO.
HTX DAO uses 50% of Huobi HTX revenue for token burn each quarter and plans to conduct the next burn on April 15, 2025.
HTX DAO's burn mechanism effectively improves the platform's water level and lays the foundation for future development.