HTX DAO Announces Strategic Partnership with SUN.io to Drive Ecosystem Development
Singapore
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February 25, 2024 11:05 PM Eastern Standard Time
HTX DAO announced a strategic partnership with SUN.io on February 25. Through this collaboration, both parties aim to bolster HTX token liquidity and offer rewards to platform users. Building on mutual benefits, they will collectively foster the healthy and orderly development of the HTX DAO ecosystem.
HTX DAO, a pioneering Decentralized Autonomous Organization within the blockchain ecosystem, is driven by a vision of open finance and a decentralized tokenized economy, prioritizing the restoration of governance to HTX token holders. The governance control of HTX DAO is in the hands of HTX token holders. Individuals who hold HTX tokens have the power and responsibility to make decisions and determine the direction and allocation of resources within the HTX DAO.
SUN.io, the first platform integrating on-chain token swaps, liquidity mining, stablecoin swaps, and DAO on the TRON public chain, offers users a diverse range of one-stop services. It aims to establish an integrated DEX ecosystem with a high level of functionality, profitability, and security by leveraging multiple transaction protocols. SUN.io offers various incentives for participants, including rewards of transaction fees offered to liquidity market makers, liquidity mining of LP Tokens, and staking rewards for the SUN token.
Through this strategic partnership, it is projected that HTX DAO will supply HTX-TRX liquidity equivalent to 50% of its quarterly revenue to LPs. At least 80% of this liquidity will be directed to SUN.io, and the LP tokens will be deposited into a zero-address. Based on the revenue of HTX Exchange in 2022 and 2023, the partnership is anticipated to increase the total liquidity of SUN.io's TVL by at least $100 million, representing more than 20% of its total TVL.
In appreciation, SUN.io will utilize community governance to vote on granting a minimum of $10 million worth of SUN tokens (with the upper limit adjusted based on the actual LP-Forecasting contribution values) to HTX DAO users. Furthermore, HTX DAO users are allowed to exchange the donated SUN tokens in a dynamically adjustable manner, with the aim of attracting more community members and encouraging active participation in community governance for the development of SUN.io. The final interpretation of the event shall rest with HTX DAO and SUN.io, and its validity shall endure indefinitely.
Click the link to read the announcement: https://htxdao-1.gitbook.io/announcement-en/
About HTX DAO
As a multi-chain deployed decentralized autonomous organization (DAO), HTX DAO demonstrates an innovative governance approach. Unlike traditional corporate structures, it adopts a decentralized governance structure composed of a diversified group, jointly committed to the success of this organization. This unique ecosystem advocates open values and encourages all DAO participants to propose collaborations and protocol enhancements that can promote the development of HTX DAO.
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