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How To Buy HTX DAO (HTX) In India In 2024?

By February 29, 20244 minute read

HTX DAO, a multi-chain deployed Decentralised Autonomous Organisation (DAO), exhibits a creative governance approach. Compared to traditional corporate structures, it uses a decentralized governance structure comprising a diverse collection of people devoted to this organization’s success. The specialized ecosystem supports transparency and invites all DAO users to propose partnerships and protocol improvements that will promote the growth of HTX DAO.

About HTX Token

The HTX token heralds a new era by embodying the values of the HTX DAO. The ‘H’ in this paradigm stands for the HTX exchange, emphasizing its significant function as the biggest contributor to ecosystem liquidity inside the HTX DAO ecosystem. The “T” stands for the TRON blockchain, the technological basis for the HTX currency, while the “X” represents change and possibility that merges with an array of beliefs at the core of our vision. The “X” also represents the wide range of respectable organizations that will serve as the foundation of this DAO ecosystem.

Key Features of HTX DAO

  • Decentralized, Inclusive Governance:

HTX DAO adopts decentralized global governance, encouraging participation from all HTX holders, developers, and partners for an inclusive decision-making process.

  • Liquidity Sponsorship for Robust Ecosystem:

HTX DAO secures liquidity commitments from HTX and Poloniex exchanges, with additional contributions welcome from partners and the community. This strategy ensures a strong, collaborative ecosystem that promotes growth.

  • Bridging DeFi & CeFi Benefits for HTX Holders:

HTX holders experience dual benefits through HTX DAO and exclusive privileges on the HTX exchange, allowing active involvement in both Decentralized Finance (DeFi) and Centralized Finance (CeFi) ecosystems.

  • Transparent, Secure, On-chain Governance:

HTX DAO ensures transparency and security through on-chain voting for proposals, ensuring tamper-proof results. This approach guarantees fairness, efficiency, and transparency in the governance process.

HTX DAO Tokenomics

The governance token of HTX DAO, $HTX, has an initial supply of 999,990,000,000,000 tokens. The distribution of HTX tokens in the HTX DAO ecosystem is strategically allocated to foster inclusive growth and uphold decentralized governance principles. Reflecting a commitment to transparency and community involvement, the token allocation aligns with HTX DAO’s vision, creating a diverse landscape where contributors, innovators, and stakeholders collectively influence blockchain evolution.

Distribution Breakdown:

19% Early Contributors and Public Allocation

19% Community Access Program

10% Developer Grant

10% Research and Development

10% Ecosystem Supporter

15% Partnership and Collaboration

17% Platform Development

This strategic distribution not only assigns tokens but also fuels a vibrant ecosystem where each participant contributes significantly to shaping the future of decentralized governance and blockchain innovation.

Let’s see how you can buy HTX in India with the most trusted exchange in India in 2024.

Buying HTX DAO (HTX) in India

Below are a few simple steps you can follow and buy the HTX token in India with WazirX, India’s most trusted and widely used crypto exchange.

The best way to buy HTX tokens is by depositing INR in your WazirX wallet. Alternatively, you can also buy HTX using P2P trade; to get answers to all your queries related to the P2P trade, click here!

Step 1 – Sign-Up on the WazirX platform

To begin buying and selling HTX, you are required to create an account on the WazirX platform by signing up. Also, you can directly login if you have an account already on the platform.

For your reference, here’s how you can open an account on WazirX.

Step 2 – Set up your account security by verifying your email address.

This step is about verifying your email address. After you sign up on the WazirX platform, you’ll get a verification link on your registered email. By clicking on that link, you’ll get two options to ensure the security of your account – the authenticator app and mobile SMS.

Note: The authenticator app is a more secure way to stay safe when compared to mobile SMS because there’s a risk of delayed reception or SIM card hacking.

Step 3 – Complete the KYC process.

After choosing your country, you can proceed with completing the KYC process. Click here for a detailed overview.

Note: You must complete your KYC to be able to trade P2P or withdraw funds on the WazirX app.

Step 4 – Add funds to your WazirX wallet.

To add funds, simply go to your account on the WazirX app or web. Click on “Funds” and then on “Deposit INR.”

You can deposit INR using any mode (NEFT/ RTGS/ IMPS).

You can also buy HTX through P2P to the WazirX wallet. The HTX will act as funds to help you buy your favorite Cryptos.

Step 5 – Finally, buy HTX on WazirX.

You can now easily purchase HTX tokens using INR Deposits. In the case of P2P trade, check HTX to INR here and HTX to USDT from here.

After logging in to your WazirX account, you can choose INR from the “Exchange” tab. You can also check all the price charts, order book data, and an order input form on the right side of the screen.

Click “Buy” after entering the amount and checking the total INR amount to be paid.

Your order will be placed according to the price you have input. And, in the case of P2P trade, a seller willing to sell at a price will be notified, and then you can exchange the tokens using P2P.

It might take a few minutes for the order to be completed, but as soon as it is executed, you will receive the HTX Tokens you purchased in your WazirX wallet.

Happy Trading!

Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
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