Odaily Planet Daily News According to the official announcement of HTX DAO, the HTX token destruction plan for the fourth quarter of 2024 was successfully completed on January 15, 2025. A total of 9,982,673,247,009.8082 $HTX were destroyed this quarter, with a total value of more than 22.47 million US dollars. This destruction is still carried out on-chain to ensure its transparency and openness.
According to the opinions of the HTX DAO Committee and the community, since the third quarter of 2024, some tokens originally used for liquidity donations have been changed to direct destruction to improve the efficiency of destruction and stabilize the development of the ecosystem. So far, the cumulative donation and destruction of HTX and TRX tokens has reached 95.22 million US dollars.
It is reported that HTX DAO will destroy 50% of Huobi HTX's revenue every quarter, and the next destruction is expected to be carried out on April 15, 2025.