On February 4th, HTX DAO (HTX) has been launched on HotsCoin. HTX DAO (HTX) is a decentralized autonomous organization in the blockchain ecosystem and is committed to promoting the development of open finance and decentralized token economy. As the backbone of the blockchain industry, HTX DAO has successfully implemented a number of groundbreaking concepts and transformative projects. Its vision is lofty and inclusive, and the governance rights are handed over to HTX token holders. HTX is currently open for trading on HotsCoin.
HTX token
The HTX token is not the native token of the HTX exchange, but the governance token of the HTX DAO. The naming of the token reflects several key elements, among which "H" represents the HTX exchange, which has made outstanding contributions; "T" represents the TRON public chain (TRON), which serves as the technical foundation; and "X" represents change and potential , embodying the core concepts of the platform’s vision. HTX DAO uses a decentralized governance model to attract diverse participants to participate in governance by holding HTX tokens.
Principles and Vision
HTX DAO is a typical decentralized autonomous organization that adopts open principles and invites all DAO participants to submit proposals for platform development. Individuals or entities holding HTX tokens have the right to vote on proposals. This measure ensures full influence on the future development direction of HTX DAO. The platform adheres to the diversified and dynamic ecological development concept and becomes the home of the blockchain brainpower king.
governance
The governance model of HTX DAO relies on the joint autonomy of HTX token holders. Proposals can involve the launch of new projects, empowerment of operation teams, screening of tokens listed on HTX exchange, etc. Through decentralized governance, HTX DAO aims to achieve inclusivity, transparency and fairness.
Governance Token
HTX ($HTX) is the governance token of HTX DAO, with a total initial supply of 999,990,000,000,000 pieces. The distribution plan of governance tokens is a commitment to ecological transparency and community participation. Early contributors and public distribution, community direct plans, etc. all have shares, and are committed to building a diverse and vibrant ecosystem.
HT to HTX - voluntary
HTX DAO encourages HT token holders to redeem themselves and voluntarily into HTX tokens in recognition of their contribution to the development of the HTX exchange. This move emphasizes the new driving force of the community autonomy token HTX in promoting the development of the Huobi HTX platform, and advocates users to support community development through exchange.
Compliance and user restrictions
To ensure legal compliance, HTX DAO prohibits access by users from the United States and countries sanctioned by OFAC. This initiative aims to create a safe and reliable environment for the HTX DAO ecosystem, while adhering to the regulatory framework and demonstrating the core values of inclusion and innovation.
HTX DAO ecological liquidity donation mechanism
HTX DAO innovatively proposes an ecological liquidity donation mechanism. Different from the traditional destruction mechanism, this mechanism aims to enhance the practicality of HTX tokens and promote the development of decentralized finance. By encouraging the use of HTX tokens, revenue distribution and dynamic liquidity support, HTX DAO breaks the traditional model and builds a powerful and flexible ecosystem.
User participation
HTX DAO encourages a wide range of user participation, including community members, independent contributors, ecological liquidity donors, DAO partners and token holders. Each participant plays a key role in the development of the platform and jointly promotes HTX DAO into the future.
Security and FAQ
HTX DAO hires independent third-party experts to conduct smart contract audits to strengthen security. Users should conduct comprehensive research and due diligence before participating in HTX DAO to ensure rational decision-making. The report also answers common questions such as the nature, governance rights, organizational form and participation methods of HTX DAO.
Conclusion
As a model of decentralized autonomous organizations, HTX DAO injects new vitality into the blockchain ecosystem with an open, transparent, and diverse governance model. Its innovative ecological liquidity donation mechanism and extensive invitation to users will lay the foundation for the sustainable development of HTX DAO and help promote innovation and progress in the blockchain industry.
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