This latest initiative, scheduled for July 30, 2024, marks the fifth round of token distribution and continues to show that the exchange’s commitment to fostering its decentralized autonomous organization (DAO) ecosystem.
HTX Exchange Announces Fifth HTX DAO Airdrop
HTX Exchange, has announced plans for the fifth round of its HTX DAO airdrop, targeting holders of TRX, USDT, and WSTUSDT tokens. This latest phase continues the exchange’s ongoing support for their DAO initiative.
According to the official announcement, they will conduct a snapshot of eligible users’ spot accounts on July 30, 2024, at 12:00 (GMT+8). The snapshot will capture balances of TRX, USDT, and WSTUSDT held in these accounts.
Following the snapshot, the tokens will be distributed to qualifying users in accordance with predetermined rules. This marks the fifth such airdrop, having already completed four previous rounds for TRX and USDT holders on the chain. The inclusion of WSTUSDT in this round suggests an expansion of the eligibility criteria compared to previous airdrops.
The airdrop is specifically designed for spot account holders, with sub-account balances being consolidated into the parent account for snapshot purposes. Huobi exchange has established minimum thresholds for participation, excluding holdings below 10 USDT, 90 TRX, or 10 WSTUSDT from the airdrop distribution.
The distribution of the tokens will be calculated based on the proportion of a user’s holdings relative to the platform’s total holdings for each asset type. They have assured users that the airdrop process will not interfere with regular trading activities or deposit and withdrawal services.
HTX’s Rising Global Position
The exchange has also achieved a notable milestone in the cryptocurrency market. Recent reports show that HTX Global has secured the second position globally in spot trading, according to a ranking of Top Crypto Exchanges by Trust Score.
The list, which includes 219 cryptocurrency exchanges, places them just behind industry leader Binance. They earned a perfect trust score of 10/10 and reported a 24-hour trading volume of $2.7 billion. This marks the first time the exchange has reached such a high rank, as acknowledged by Tron Network founder Justin Sun.
What is HTX?
The HTX token, pivotal to HTX DAO, plays a crucial role as a dedicated supporter of the visionaries driving decentralized economy advancements, making it an integral part of future blockchain ecosystem developments.
This token embodies transformation within the decentralized economy, enabling the realization of pioneering concepts. Within the HTX DAO ecosystem, the HTX token serves various functions, facilitating transactions, offering fee discounts, and granting access to exclusive ecosystem features and services.
HTX token holders actively participate in decentralized governance through voting, emphasizing inclusivity. The distribution strategy prioritizes contributors, community programs, development initiatives, partnerships, and platform growth.
HTX DAO distinguishes itself with the Ecosystem Liquidity Pledge, encouraging token use and voluntary pledging of HTX tokens as ecosystem liquidity for development purposes. This initiative not only bolsters liquidity but also catalyzes the growth of DeFi applications and developer activities across multiple ecosystems.
Operating without formal registration, HTX DAO functions as a decentralized assembly of token holders, emphasizing autonomy and guarding against centralized control. This structural framework fosters transparency and inclusivity within the ecosystem. In essence, HTX token and its DAO epitomize inclusivity, innovation, and collective governance within the ever-evolving blockchain landscape.
For more information HTX DAO
