Total Liquidity Pledge to HTX DAO Reaches $42.5 Million After Second Round

HTX DAO has announced its receipt of the second Ecosystem Liquidity Pledge that took place on July 16, 2024. Through this pledge, 80,223,880 TRX and 9,631,105,301,954.7 $HTX (worth 21,500,000 USDT) have been allocated to SUN.io to enhance liquidity. All the LP tokens have been credited to a zero address. As of the latest update, HTX DAO has reportedly received a total liquidity pledge of $42.5 million.

The pledge details can be verified via TRONSCAN, the TRON blockchain explorer. The amount of $HTX tokens contributed to liquidity is calculated based on the real-time price of $HTX.

HTX DAO has provided the transaction hashes for transparency:

1. Adding Liquidity
Hash: acd664c12d9c32e50dce2fd1c9efea4a6b19793949c515ed49ac06cb620e1331

2. LP Tokens Sent to Zero Address
Hash: 4a3912ed71f10ca59fbcc2fd61378a4cc54171f78e10f4b091cb0c5aeedfb44e

Further details about the pledge can be found on HTX DAO's announcement page.

According to HTX DAO, the Ecosystem Liquidity Pledge mechanism is an innovative approach designed to build a decentralized community that empowers the ecosystem and addresses security concerns and allegations of centralization. This mechanism bolsters the resilience and self-sufficiency of the HTX DAO ecosystem while ensuring transparency and accountability in all its operations. Previously, HTX DAO received the initial liquidity pledge on March 15, totaling $21 million. The next pledge is slated for October 15, 2024.

HTX DAO's liquidity pledge sources include a portion of the quarterly revenue from HTX (currently 50%) and contributions from other key HTX DAO participants. This pooled pledge is used to add liquidity for the $HTX token on decentralized exchanges, with the resulting LP tokens being permanently burned. Notably, any HTX DAO participant can voluntarily donate liquidity to $HTX or TRX. This safeguard improves the practicality and decentralization of asset management, ensuring that no single pledger within the HTX DAO can exercise exclusive control over the treasury. This proactive approach to managing liquidity addresses the issue of centralization in fund custodianship while simultaneously fortifying the security of the pool and $HTX applications.

Founded on January 18, 2024, HTX DAO has enlisted 19 major builders to its ecosystem, including HTX, TRON, Poloniex, BitTorrent, Spark Digital Capital, APENFT, Stratified Capital, JustLend DAO, OIG Group, Double Peak, stUSDT, Zebec, USDD, ANKR, SUN.io, Merkle 3s Capital, WINkLink, TUSD, and Owlit Finance. These major builders are prominent figures from various sectors within the blockchain industry. HTX DAO upholds high standards in terms of transparency and community participation, fostering a diverse and dynamic landscape where contributors, innovators, and stakeholders collectively shape the trajectory of blockchain evolution.