According to the official announcement of HTX DAO, HTX DAO has completed the destruction of HTX tokens in the third quarter of 2024 on October 15. This quarter, HTX DAO destroyed a total of approximately 15,811,683,954,403 HTX tokens, with a total value of more than 21.25 million US dollars.
Based on the opinions of the HTX DAO Committee and the community, and in the case of sufficient liquidity of HTX tokens, HTX DAO decided to directly destroy the part originally intended for liquidity donations from the third quarter. This destruction includes two parts: the first part is 9,801,342,915,734.8688 HTX tokens originally used for liquidity donations; the second part is 6,010,341,038,668.8688 HTX tokens repurchased from trading mining.
This destruction operation has been completed on-chain. Users can view the specific destruction information through the following transaction hashes:
The first destruction hash: dbf31d030d7664888a5955484aa6e6d78ca2e0f7023245d31c568cd0e33df286
The second destruction hash: 085b4fe14fc1686f1b24c26a69de4a99b72c52d9cc531ec083400a801df91191
According to the platform destruction plan, HTX DAO will be regularly destroyed according to 50% of Huobi HTX's quarterly revenue, and the next destruction is scheduled for January 15, 2025. The destruction mechanism responds to community opinions and greatly improves the destruction efficiency.