HTX DAO (HTX) is a decentralized autonomous organization (DAO) within the blockchain ecosystem that emphasizes open finance and a decentralized, tokenized economy. It's governed by HTX token holders, who can make decisions regarding the direction and resource allocation within the DAO. HTX DAO operates on a non-traditional, non-registered basis, functioning through a set of smart contracts on the blockchain, underscoring its commitment to decentralized governance.
The HTX token, serving as the governance token, plays a central role in this ecosystem. It is not specific to the HTX exchange platform or an upgraded version of any existing token; rather, it symbolizes the HTX exchange's significant role within the DAO ecosystem. The token's distribution aims to foster a diverse and dynamic environment where community participation shapes the future of blockchain innovation.
With an initial supply of 999,990,000,000,000 tokens, the distribution is strategically planned to support inclusive growth and decentralized governance across the ecosystem. The HTX DAO encourages the use of HTX tokens for transactions, offers fee discounts, and has initiated an innovative Ecosystem Liquidity Pledge mechanism to promote decentralized finance (DeFi) development.
Furthermore, HTX DAO has established a partnership with the HTX exchange, promising to donate 50% of its platform revenue to the DAO's liquidity. This collaboration aims to create a robust ecosystem by leveraging both decentralized finance (DeFi) and centralized finance (CeFi) benefits, bridging the gap between the two to foster growth and innovation in the blockchain industry.
HTX DAO's security and transparency are underscored by an on-chain voting system for proposal validation, ensuring fairness and efficiency in governance. The organization has undergone a security audit by ChainSecurity, confirming its commitment to security, transparency, and trustworthiness within the blockchain community.
