Transforming Liquidity Pledge into Burning for Long-Term $HTX Appreciation
HTX DAO’s latest proposal replaces liquidity pledge with token burning to optimize $HTX’s tokenomics. Traditionally, liquidity pledges were used to incentivize liquidity providers, but this approach faced limitations:
● Dispersed Incentives: Assets allocation across multiple pools diluted the impact on token value.
● Short-Term Effect: This model often led to abrupt withdrawals once incentives ended, pressuring token prices.
To address these challenges, HTX DAO executed a pivot to the token burning mechanism based on community options. Beginning in Q3 2024, portions of revenue initially allocated for liquidity pledge were diverted toward regular token burns.
On October 15, 2024, HTX DAO announced the successful completion of its $HTX token burn for Q3 2024. In this quarter alone, 15,811,683,954,403 $HTX tokens, valued at approximately $21.25 million, were burned. Going forward, 50% of HTX’s quarterly revenues will be allocated to this burn mechanism, with the next burn scheduled for January 15, 2025. This initiative has already had positive results, including:
● Increased Scarcity: Reducing circulating supply enhances $HTX’s intrinsic value. $HTX reached a new all-time high in December.
● Long-Term Incentives: Token burns encourage long-term holding, bolstering stable ecosystem growth.
● Governance Transparency: The launch of the burning mechanism through community proposals demonstrates HTX DAO’s commitment to transparent and democratic governance.
The successful implementation of this proposal highlights HTX DAO’s foresight in aligning $HTX’s tokenomics with sustainable ecosystem growth.
“Multiple Farming”: A New Chapter of Efficient Yields
HTX DAO’s ‘Multiple Farming’ proposal offers a new way to earn rewards, allowing users to earn from multiple sources with a single asset.
This innovative model enables users to leverage a single asset for rewards across multiple projects. Key features include:
● Collaborative Rewards: Users can simultaneously receive returns from Earn products and airdrops.
● Smart Distribution: Transparent and dynamic reward distribution enhances the user experience.
● Ecosystem Synergy: Collaboration is strengthened between projects within the HTX DAO ecosystem, amplifying overall value.
The first ‘Multiple Farming’ project is Launchpool, an improved version of PrimePool. This initiative bridges Launchpool with Earn products, enabling users to reap dual benefits.
The first round of Launchpool runs from 12:00 (UTC), December 4 to 12:00 (UTC), December 18, 2024. Users can lock $HTX or subscribe to the $HTX Flexible Earn product to share 1,666,666 $MEMEFI and 729,710 $PCI.
● Collaborative Rewards: Users lock a single asset to earn yields from multiple projects.
● Product Integration: Launchpool connecting with Flexible Earn products broadens user earning options.
● Transparent Governance: HTX DAO-driven reward distribution boosts trust and participation.
This approach offers users more ways to earn rewards and strengthens collaboration between projects. Through DAO governance, resources are shared and inter-project development is enabled. This approach attracts more high-quality projects to join the $HTX ecosystem, fostering participation in the innovation of farming models. Through these efforts, HTX DAO has opened a new chapter in the DAO-driven exchange governance, laying the groundwork for the realization of future proposals.
Unlocking Future Potential in DAO-Driven Exchange Governance
The success of the “Multiple Farming” proposal shows thatHTX DAO is committed to innovation. Looking ahead, HTX DAO plans to explore diverse applications of proposal-driven governance in the exchange ecosystem, including:
● Innovative Farming Models: Introducing cross-chain farming and yield optimization strategies to elevate user experience.
● Cross-Chain Collaborations: Facilitating deeper cooperation across blockchain ecosystems through DAO frameworks to increase market presence.
● User-Led Growth: Encouraging community members to submit proposals, boosting innovation and creativity.
Through the implementation of the two proposals, HTX DAO has demonstrated the transformative potential of decentralized governance in optimizing exchange ecosystems. These initiatives not only deliver value to users but also set a governance benchmark for the cryptocurrency industry.
HTX DAO is committed to advancing an open and inclusive ecosystem with the core of proposal governance to redefine the future of cryptocurrency exchanges. Through a blend of transparency, innovation, and community-driven growth, it aims to establish a leading decentralized governance framework.
About HTX DAO
As a multi-chain deployed decentralized autonomous organization (DAO), HTX DAO demonstrates an innovative governance approach. Unlike traditional corporate structures, it adopts a decentralized governance structure composed of a diversified group, jointly committed to the success of this organization. This unique ecosystem advocates openness and encourages all DAO participants to propose ideas that can promote the development of HTX DAO.
Contact Information
Website: www.htxdao.com
Email Address: [email protected]
The post first appeared on HTX Square.
