PANews reported on April 15 that according to the official announcement of HTX DAO, the $HTX token destruction plan for the first quarter of 2025 was successfully completed on April 15. According to the on-chain data, a total of 11,338,023,612,750.992 $HTX were destroyed, with a total value of over 19.2 million US dollars. According to statistics, as of now, HTX DAO has destroyed a total of about 60.97 trillion $HTX, with a value of about 114 million US dollars, aiming to gradually increase the long-term value of tokens through a deflationary mechanism.

This destruction is based on the HTX DAO governance mechanism, and 50% of Huobi HTX's revenue in the first quarter of 2025 will be used for token destruction. The destruction funds are mainly executed through the Sun.io channel, and the records are open and transparent on the chain. Users can query the specific destruction details through the transaction hash.

At the same time, the HTX DAO holding voting tool has been launched recently, supporting users to participate in community governance, proposal voting, etc. by holding $HTX. In the future, HTX DAO will continue to enhance community consensus, promote ecological prosperity, and build an autonomous financial ecosystem in the Web3 era with users.