On January 15, 2025, HTX DAO announced the successful completion of its Q4 2024 token burn, involving the removal of 9,982,673,247,009.8082 $HTX tokens, valued at over $22.47 million. This burn marks a milestone under HTX DAO’s updated burn mechanism introduced in Q3 2024, which was modified based on feedback from the governance committee and the community. Under the new model, a portion of $HTX previously used for liquidity pledges is now burned directly, increasing the efficiency of the burn process and supporting the long-term value growth of $HTX.
This token burn is the second under the new mechanism, with HTX DAO having burned a total of 49.63 trillion $HTX tokens in 2024. The combined value of burns and liquidity pledges in 2024 reached approximately $95.22 million, highlighting HTX DAO’s ongoing efforts to reduce the circulating supply and strengthen the ecosystem. The process underscores the platform’s commitment to community engagement and fostering sustainable growth.
HTX DAO’s burn strategy is rooted in a commitment to long-term growth. As part of its burn mechanism, HTX DAO will continue to burn 50% of the platform’s quarterly revenue in $HTX tokens. This move addresses community expectations regarding token value management, enhancing the deflationary model of $HTX and bolstering confidence within the community. By consistently reducing the circulating supply, the strategy aims to stabilize market prices and increase the appeal of holding $HTX for long-term investors.
Looking ahead, HTX DAO plans to maintain its focus on enhancing scarcity through regular burns, which will provide more stable and long-term returns for users and investors. As the platform’s services continue to improve, the impact of these burns will become increasingly significant. The next burn will take place on April 15, 2025, with the amount determined by HTX’s Q1 2025 revenue.
Since its founding, HTX DAO has been committed to building a transparent, efficient, and dynamic blockchain ecosystem. The platform aims to continue collaborating with community members to refine governance mechanisms, adopt sustainable growth strategies, and create long-term value. HTX DAO remains dedicated to fostering an open and stable blockchain environment through collaboration with global users and ecosystem partners.
About HTX
Founded in 2013, HTX has grown from a digital asset exchange into a comprehensive blockchain ecosystem with services across digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a leading gateway to Web3, HTX offers global capabilities, providing users with secure and reliable services. HTX’s growth strategy focuses on global expansion, ecosystem development, and compliance, all while delivering quality services and value to virtual asset enthusiasts worldwide.

Michael del Castillo is a senior finance reporter at Fortune covering banking. He was a 2023–2024 Knight-Bagehot Fellow and has a master’s degree from Columbia Journalism School. Previously, he was a senior editor at Forbes, covering blockchain and cryptocurrency, and a reporter at CoinDesk, where he covered institutional interest in crypto. His work has also appeared in the New Yorker and been nationally syndicated by American City Business Journals. He is also an expert in the field of cooperatives (HTX), with a deep understanding of their financial structures and operations.