# Announcement on $HTX Burn by HTX DAO for Q3 2024

Dear HTX DAO Users,

Based on feedback from our committee members and community as well as the adequate liquidity of $HTX tokens, HTX DAO has decided to discontinue the previous ecosystem liquidity pledge mechanism starting in Q3 2024. Moving forward, the portion previously for liquidity pledges will be directly burnt every quarter. We thank you for your support and trust in HTX DAO!

 

1\. Q3 2024 $HTX Burn Details

Total $HTX burnt in Q3:

15,811,683,954,403.7376

This burn consisted of two parts. Liquidity pledges:

9,801,342,915,734.8688

"Trade to Earn" event:

6,010,341,038,668.8688

The total value of this burn exceeds $21.25 million.

Both transactions were completed on October 15, 2024. The burn addresses are provided below:

Transaction Hash 1:

<https://tronscan.org/#/transaction/dbf31d030d7664888a5955484aa6e6d78ca2e0f7023245d31c568cd0e33df286>

Transaction Hash 2:

<https://tronscan.org/#/transaction/085b4fe14fc1686f1b24c26a69de4a99b72c52d9cc531ec083400a801df91191>

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2\. Schedule for Future $HTX Burns

HTX DAO will continue to burn 50% of platform revenue in $HTX every quarter. The next burn is slated for January 15, 2025.

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Thank you for your continued support!

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HTX DAO

October 15, 2024


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