#HTX DAO burns over $22 million#
Hot Topic Overview
Overview
HTX DAO completed the Q4 2024 $HTX token burn plan on January 15, 2025, burning over 9.9 billion $HTX tokens, worth over $22.47 million. This burn is part of HTX DAO's initiative to directly burn tokens previously allocated for liquidity donations, starting from Q3 2024, aiming to improve 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 will burn 50% of 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, promotes the sustainable development of the HTX DAO ecosystem, and strengthens community confidence.
Ace Hot Topic Analysis
Analysis
HTX DAO completed its Q4 2024 HTX token burn plan on January 15, 2025, burning over 998.2 trillion HTX tokens, worth over $22.47 million. This burn was executed on-chain, ensuring transparency and openness. Notably, starting from Q3 2024, HTX DAO has switched from donating a portion of its tokens for liquidity to direct burning, increasing burn efficiency and stabilizing ecosystem development. To date, the total value of HTX and TRX tokens burned and donated by HTX DAO has reached $95.22 million. HTX DAO burns 50% of its Huobi HTX revenue every quarter, with the next burn expected on 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. It is reported that the total HTX burned in 2024 exceeded $100 million, significantly raising the platform's water level.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
HTX DAO burns HTX tokens every quarter, aiming to enhance the long-term value of $HTX and drive the sustainable development of the ecosystem.
HTX DAO uses 50% of Huobi HTX revenue for token burn, which effectively enhances community confidence.
HTX DAO has changed some tokens originally used for liquidity donations to direct burn, improving burn efficiency.
HTX DAO burned over $22 million worth of HTX tokens in the fourth quarter of 2024, setting a new record for quarterly burn.