HTX DAO completed the token burn for the first quarter of 2025, with a total of over 113 trillion $HTX

According to ChainCatcher news and the official announcement from HTX DAO, the $HTX token burn plan for the first quarter of 2025 was successfully completed on April 15. According to on-chain data, a total of 11,338,023,612,750.992 $HTX tokens were burned, with a total value exceeding 19.2 million USD. As of now, HTX DAO has cumulatively burned approximately 609.7 trillion $HTX tokens, valued at around 114 million USD, aiming to gradually enhance the long-term value of the token through a deflationary mechanism.

This burn was carried out based on the HTX DAO governance mechanism, extracting 50% of the revenue from Huobi HTX's first quarter of 2025 for token burning. The burn funds were primarily executed through the Sun.io channel and completed with publicly transparent records on-chain. Users can check the specific burn details through the transaction hash.