Hello Tribe! 👋

WE ARE BACK – In collaboration with HTX DAO, with the most recent edition of the “Learn and Earn” campaign. Take the quiz, trade HTX, and get a chance to win rewards from a prize pool of $500 Worth USDT. Explore the details, gain comprehensive information about HTX DAO, and earn thrilling rewards! Read till the end to get detailed information.

Let’s get started!

About the campaign

As always, all you have to do is carefully read the blog and learn important details about HTX DAO. Next, answer 10 really simple questions about it (you must get 5 or more questions right), trade HTX on WazirX during the campaign period, and enter to win rewards from a prize pool of $500 worth USDT.

About HTX DAO

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.

HTX in a Nutshell

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.

Principles and Vision

Principle: HTX revolutionizes governance as a Decentralized Autonomous Organization (DAO), diverging from traditional structures. It embraces decentralized governance with a diverse group of visionaries and HTX token holders committed to success. This unique system encourages collaboration, allowing all DAO participants to propose beneficial collaborations and protocol enhancements. The authority to influence direction rests with HTX token holders through voting.

Vision: In a world where change is the only constant, the “X” in HTX signifies adaptability, inclusivity, and exponential growth potential. It represents a diverse path mirroring the evolving blockchain landscape. HTX, as a DAO, aims to be a vibrant community fostering innovative ideas giving rise to pioneering projects. It provides a fertile ground for blockchain’s brightest minds to collaborate and shape the future of decentralized governance.

Key Features of HTX DAO

• Decentralized, Inclusive Governance:

HTX DAO embraces decentralized global governance, inviting all HTX holders, developers, and partners to participate. The community is encouraged to contribute ideas and suggestions, fostering an inclusive decision-making process.

• Liquidity Sponsorship for Robust Ecosystem:

HTX DAO secures liquidity pledges from the HTX and Poloniex exchanges, with additional contributions welcomed by partners and community members. This ensures a strong and shared ecosystem, promoting collaboration and growth.

• Bridging DeFi & CeFi Benefits for HTX Holders:

HTX holders enjoy the dual advantages of HTX DAO and exclusive privileges on the HTX exchange. This integration enables active participation in Decentralized Finance (DeFi) and Centralized Finance (CeFi) ecosystems.

• Transparent, Secure, On-chain Governance:

HTX DAO ensures transparency and security by conducting on-chain voting for proposals, yielding 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.

About HTX DAO Ecosystem Liquidity Pledge Mechanism

In the blockchain space, conventional token burn practices can pose regulatory concerns due to security implications. In contrast, HTX DAO stands out with its innovative Ecosystem Liquidity Pledge mechanism. This groundbreaking approach not only enhances the utility of HTX tokens but also plays a vital role in advancing decentralized finance across diverse ecosystems, setting HTX DAO apart from traditional crypto projects and exchange platforms.

How It Works:

• Promoting HTX Token Utilization: HTX DAO encourages users to employ HTX tokens for transactions and fee payments, offering attractive fee discounts.

• Allocating Earnings: A portion of the platform’s earnings is dedicated to ecosystem development, reinforcing its commitment to growth.

• Dynamic Liquidity Sponsorship: Unlike fixed-rate commitments for token buyback-and-burn, HTX DAO employs a dynamic approach. It encourages ecosystem participants to pledge liquidity through sun.io’s decentralized ecosystem liquidity pool, amplifying support for DeFi applications, developer initiatives, and overall ecosystem growth.

How to Earn the Reward?

This round of the Learn & Earn contest will give you a chance to earn $500 worth USDT of rewards.

Step 1: Answer 5 easy questions related to HTX DAO correctly.

Step 2: Trade HTX on WazirX during the campaign period, i.e., 29th February 04 PM – 03rd March 11:59 PM IST.

Step 3: As mentioned, 50 winners will be chosen randomly and rewarded.

NOTE: You must be a registered user of WazirX and complete the KYC verification process to be eligible for this contest.

About the reward

Every contest should end on a sweeter note, and don’t worry, we have done all the preparations for your WINS! After finishing the quiz, trade HTX; 50 lucky winners will be chosen randomly and get rewards from a prize pool of $500 worth USDT.

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Terms & Conditions

• Only KYC-verified users are eligible for a reward.
• Users will need to have/create an account on WazirX to be eligible to claim the reward.
• Rewards are limited and will be distributed randomly. Users are eligible for the reward after completing the quiz and trading $HTX on WazirX during the campaign period, i.e., 29th February 04 PM – 03rd March 11:59 PM IST.
• Rewards will be distributed randomly to learners who have both passed the quiz and traded a minimum of HTX worth Rs 50 on WazirX.
• Prizes will be distributed by 1st April 2024.
• Rewards are sponsored and distributed by the HTX team. 
• WazirX is not obligated to pay any tax in conjunction with the distribution or use of any reward.
• WazirX has the right to reverse the funds if any suspicious activity is detected/suspected without any prior notice.
• Rewards are void if restricted or prohibited by law.
• WazirX reserves the right in its sole discretion to amend or cancel the giveaway rules and announcement at any time and for any reason without prior notice.

Risk Warning: Crypto trading is subject to high market risk. Please ensure that you undertake sufficient risk assessment when trading newly listed tokens, as they are often subject to high price volatility. WazirX will make its best efforts to choose high-quality coins but will not be responsible for your trading losses.

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.