Justin Sun backed crypto exchange unveils new DAO with HTX token used for governing
Crypto exchange HTX has unveiled the launch of a new decentralized autonomous organization, teasing a 30% yield for liquidity providers. Backed by TRON founder Justin Sun, crypto exchange HTX (formerly Huobi) has unveiled the launch of a new decentralized autonomous organization (DAO) dubbed HTX DAO, which, according to its description, will serve as a platform where “pioneering concepts and transformative projects find realization.” Congrats @HTX_DAO #HTXDAO is officially launched, revolutionizing decentralized governance in the #blockchain ecosystem! Join us on this transformative journey! https://t.co/oDERZz2CIh pic.twitter.com/jWZL1VqTaF — HTX (@HTX_Global) January 18, 2024 According to the DAO’s whitepaper, governance will be conducted using HTX token s. The DAO emphasizes that the HTX token is not intended exclusively for the exchange platform, adding that it has taken measures to reserve a portion of the HTX token for voluntary conversion to ...