HTX DAO Introduces Key Updates in Economic Model and Governance Structure Translation: HTX DAO Introduces Key Updates in Economic Model and Governance Structure

The cryptocurrency exchange HTX has unveiled an updated version of its white paper for HTX DAO.

The revisions concern the project’s economic model. Starting from the third quarter of 2024, HTX transitioned from a liquidity staking mechanism to a quarterly token burn. Now, 50% of the platform’s revenue is allocated to the repurchase and destruction of HTX tokens.

On August 14, HTX DAO’s chief ambassador, Liu Ye (Molly), conducted a live stream as part of the interview series The DAO Talks. She explained that the white paper update is linked to the submission of license applications in Western jurisdictions.

According to Liu Ye, earlier versions of the document lacked sufficient specificity regarding how the functions of a DAO will be integrated with the decentralized exchange.

HTX DAO is introducing an incentive system for participants. Voting, trading, staking, and content creation are considered governance activities. Users earn points for these actions, which enable them to participate in airdrops.

In the next 6-12 months, the project aims to launch a Launchpad and Launchpool, conduct integration with tokenized real-world assets (RWA), liquid staking derivatives (LSD), and stablecoins, as well as add support for cross-chain bridges.

Liu Ye emphasized that full decentralization is a gradual process:

“Our initial conception of decentralization was too liberal. We thought that a DAO was simply a place for everyone to voice their opinions and vote. However, in practice, most votes reflect preferences rather than expertise.”

HTX DAO adopts a «pilot» approach: it tests governance ideas and products on a small scale before a full launch. This allows for the identification of issues at an early stage.

As a reminder, according to a report by CoinGecko dated August 14, only three exchanges in the top 10 showed quarter-on-quarter growth: HTX (+5.4%), MEXC (+3.7%), and Bitget (+3%).