HTX DAO

HTX is the token of HTX DAO, tied to the HTX exchange: it gives fee discounts and votes, and is burned each quarter with exchange revenue.

HTX is the governance token of HTX DAO, a community group linked to HTX, the crypto exchange known until 2023 as Huobi. The token contract on the TRON blockchain was created on 1 November 2023. HTX also exists on Ethereum and BNB Smart Chain. It is a token on these chains, not the coin of its own network. Part of the supply was set aside so holders of the old Huobi Token (HT) could swap into HTX.

The whitepaper sets a supply of about 1 quadrillion tokens (999.99 trillion), so one HTX costs a tiny fraction of a cent. It splits the supply into seven groups, such as early contributors, the community and platform development, but gives no vesting schedule. Its risk section says plainly that HTX is no different from a typical meme coin and has no intrinsic value.

Each quarter HTX DAO buys back and burns tokens. HTX says the exchange gives 50% of its revenue for this, without saying which revenue counts. The burn for Q2 2026, on 15 July 2026, removed about 7.47 trillion HTX, worth about $13.6 million. HTX says about 117.79 trillion HTX had been burned or pledged by then.

On HTX, the token lowers trading fees and gives access to token launches, staking offers and trading rewards. Holders can also vote on HTX DAO proposals. Justin Sun, the founder of TRON, has been described as an adviser to and investor in HTX; the whitepaper names no team. The exchange was hacked twice in 2023, and in 2025–2026 it faced a UK court case over illegal promotions and UK sanctions on its operating company, Huobi Global S.A.