HTX(HTX DAO) Project Analysis
1. Research Institute Review:
Currently, DAO is still in its early stages of development. DAOs under different models are becoming increasingly versatile. In the HTX DAO, each participant has the opportunity to voluntarily make a liquidity commitment, referred to as a "pledger." As a governance model widely adopted in current DeFi and crypto projects, DAO represents a new power structure. In this framework, collective decision-making becomes possible, eliminating singular control. As part of the HTX DAO launch plan, Huobi HTX has already burned all HT owned by the Huobi team, totaling 41 million tokens.
2. Recent Highlights:
On January 18, 2024, HTX DAO was officially announced. HTX DAO declared Huobi HTX as its ecosystem builder, with Huobi HTX committing 50% of platform revenue to HTX DAO liquidity. Currently, the HTX DAO ecosystem has attracted 15 key builders, including Huobi HTX, TRON, Poloniex, Spark Digital Capital, JustLend DAO, APENFT, and others.
3. Project Introduction:
HTX is the governance token of HTX DAO, a decentralized autonomous organization relying on collective autonomy of HTX token holders. HTX holders have the right to vote on proposals, freely delegate, and exercise voting rights in the decision-making process.
4. Token Functions:
- Decentralized, Open Governance: HTX DAO delegates governance to a decentralized global community, inviting all HTX holders, developers, and partners to share thoughts and suggestions on community governance.
- Shared Ecosystem Liquidity Sponsorship: In the future, HTX DAO will receive liquidity commitments from HTX exchanges and Poloniex, and welcomes voluntary contributions from other partners and community members to support the ecosystem.
- Bridging DeFi and CeFi Advantages: HTX holders can enjoy advantages from both HTX DAO and HTX exchange, actively participating in the DeFi and CeFi ecosystems.
- Transparent, Secure, Efficient: At HTX DAO, proposal voting takes place on-chain, ensuring fair, efficient, and transparent governance.
5. Token Economic Model:
- Total Supply: 999,990,000,000,000
- Distribution: 19% early contributors and public allocation, 19% community access plan, 10% developer grants, 10% research and development, 10% ecosystem supporters, 15% partnerships and collaborations, 17% platform development.
6. Project Highlights:
None
7. Investment Institutions:
None
8. Community:
Twitter: 9846 followers, Telegram group with 6859 members, Discord with 6091 members.
9. Special Economic Models:
None
10. Future Outlook:
The initiation of HTX DAO empowers more ecosystem roles, including Huobi HTX. In the future, the listing rights, management rights, and decision-making power of Huobi HTX will be transferred to HTX DAO, handed over to the people, handed over to the community. The thorough empowerment of HTX DAO will truly democratize Huobi HTX exchange. The HTX token embodies the spirit of HTX DAO, marking the arrival of a new era. The "H" symbolizes the HTX exchange, emphasizing its crucial role as the largest contributor to ecosystem liquidity in the HTX DAO. The "T" represents the TRON blockchain, the technical foundation of the HTX token, while the "X" reflects change and potential, integrating vision and diverse beliefs. The "X" symbolizes a wide range of reputable entities that will form the cornerstone of this DAO ecosystem.
Basic Information
Project Introduction: HTX is the governance token of HTX DAO, a decentralized autonomous organization relying on the collective autonomy of HTX token holders. HTX holders have the right to vote on proposals, freely delegate, and exercise voting rights in the decision-making process.
Token Full Name: HTX DAO
Token Symbol: HTX
Project Website: https://www.htxdao.com/
Project Documentation: https://htxdao.gitbook.io/whitepaper/
Block Explorer: https://tronscan.org/#/token20/TUPM7K8REVzD2UdV4R5fe5M8XbnR2DdoJ6/code
Liquidity Inquiry: None
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CoinW Institute
2024/2/2