PANews reported on July 15 that according to the official announcement of HTX DAO, the $HTX token destruction plan for the second quarter of 2025 was successfully completed on July 15. On-chain data shows that a total of 11,796,322,511,974.72 $HTX were destroyed this time, with a total value of over 22.17 million US dollars, a 15% increase from the previous quarter. The cumulative amount of $HTX destroyed and donated currently accounts for 9.2% of the total issuance. For specific destruction details, see the link . As of now, HTX DAO has destroyed a total of approximately 72.76 trillion $HTX, with a cumulative value of approximately US$136 million, aiming to gradually increase the long-term value of tokens through a deflationary mechanism.
It is reported that the decentralization process of HTX DAO has developed rapidly recently, and the coin recommendation channel has been officially opened. Community users can recommend high-quality projects through various channels. After preliminary review and voting by $HTX holding users, the winning projects will be submitted to Huobi HTX Exchange for review and are expected to be launched. This mechanism not only gives community users greater voice, but also is a key step for HTX DAO to move towards transaction governance, and is an important milestone in its vision of a "free financial port".
