Singapore, Singapore, April 16th, 2025, Chainwire
HTX DAO, a decentralized autonomous organization committed to building a transparent and community-driven Web3 financial hub, has successfully completed its Q1 2025 $HTX token burn. According to on-chain data, a total of 11,338,023,612,750.992 $HTX tokens, valued at over US$19.2 million were burned this quarter.
Despite a volatile market backdrop—where Bitcoin retraced more than 30% from a high of nearly $110,000 to around $70,000, and global crypto trading volume declined by 27% according to Coingecko—HTX DAO remained steadfast in executing its deflationary strategy. The Q1 burn saw only a 15% decrease compared to the previous quarter, demonstrating HTX DAO’s strong commitment to...