HTX DAO
HTX
| Round | Amount | Valuation | Date | Investors |
|---|---|---|---|---|
| M&A | -- | -- | Oct 08, 2022 | |
| Series A | ￥Tens of Millions | -- | Apr 01, 2014 | |
| Angel | -- | -- | Nov 01, 2013 |
HTX DAO is a decentralized autonomous organization (DAO) that was launched in January 2024 as part of Huobi's transition into a more community-governed structure. Under the leadership of Justin Sun, HTX DAO aims to decentralize governance and empower its community through the HTX token. HTX serves as the governance token of the DAO, enabling holders to vote on proposals, delegate votes, and participate in the strategic decision-making processes of the HTX Exchange.
The DAO's mission is to merge the advantages of decentralized finance (DeFi) with centralized finance (CeFi), creating a transparent and inclusive ecosystem where users and stakeholders contribute to the growth and direction of the platform. The HTX token offers numerous benefits to holders, including transaction fee reductions and enhanced governance rights. It was introduced as part of a larger transformation that involved the conversion of Huobi Token (HT) to HTX, marking a new era for the exchange.
HTX tokens are also used to encourage liquidity pledges within the ecosystem, offering dynamic liquidity support for DeFi applications and incentivizing participation in the HTX DAO governance structure. The token's total supply is 999.99 trillion, with allocations for early contributors, community initiatives, developer grants, and ecosystem support.