HTX DAO · a fixed-supply exchange token that burns itself down every quarter.
HTX is the governance token of the HTX exchange, deployed on Tron. It was fully issued at launch against a fixed 999.99T cap, with about 905.71T circulating — no protocol minting and no vesting cliffs left to release.
Sell pressure. Effectively zero — no new coins are minted, the token is fully distributed, and staking rewards come from the existing pool.
Buy pressure. A revenue-funded buyback burns about 10,825B HTX a quarter — half of exchange revenue, destroyed on-chain. The next burn lands Jul 15 2026.
Net. About −1.2% over 90 days — supply is shrinking, with each quarterly burn taking a slice off the top.
- Q2 2026 quarterly buyback-burn~10,825BJul 15 2026 · removed from market
HTX was fully issued at launch against a fixed 999.99T cap — no new coins are minted by the protocol, so there is no built-in inflation. Staking rewards are paid out of the already-issued ecosystem pool, not freshly created supply.
The token is fully distributed against its fixed cap — every allocation is already counted as circulating, so there is no locked vesting cliff left to reach the market in this window.
No public evidence of a discretionary treasury release in the window — monitored. The DAO's genesis distribution buckets (developer grant, R&D, ecosystem, partnership and platform-development allocations) are project-controlled and already counted as circulating, with no dated release schedule and no outflow observed.
No bankruptcy estate or court-ordered distribution applies to HTX.
Each quarter the exchange spends half of its platform revenue buying HTX on the open market and burning it permanently. The last burn removed 10,825B coins on Apr 15 2026 (~$19.22M); the next lands Jul 15 2026, projected at a similar 10,825B.
There is no separate base-fee burn — the destruction of coins runs entirely through the revenue-funded buyback, counted once in Buy #1.
No discretionary open-market purchase by the DAO or foundation beyond the standing quarterly buyback — monitored.
No new multi-year lock or escrow announced in the window. A community liquidity pledge program runs alongside the burn but is not separately quantified — monitored.
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