Global cryptocurrency exchange HTX (Huobi Global) held a decentralized exchange launch ceremony at the Hilton Orchard in Singapore. The event was attended by a number of cryptocurrency experts, including HTX Global Advisory Board member Justin Sun. On this day, Justin Sun emphasized the importance of decentralization in his presentation speech by unveiling the cryptocurrency industry's first People's Exchange. “Only a decentralized governance model can prevent the recurrence of tragedies like FTX or Mt. Gox and ensure long-term security,” he said. “Only through decentralization can the blockchain industry scale reach $1 trillion.”
Justin Sun also emphasized, “HTX DAO will lead the development of the exchange industry and create a new paradigm for user asset protection.” HTX DAO focused on open finance and tokenized economy through the decentralized autonomous organization launch ceremony held on the 18th of last month. Justin Sun added, “We aim to transform HTX into a decentralized and autonomous exchange,” adding, “We will move toward decentralization by empowering HTX holders to vote on listings and participate in decision-making and governance.”
A number of projects and organizations are participating in HTX DAO, including Ankr, Spark Digital Capital, Double Peak Capital, Zebek, Merkle 3S Capital, Tron, BitTorrent, Just Trend DAO, Poloniex, Sunio, Spark, and APENET. In addition, HTX, Tron, BitTorrent, Apenft, etc. plan to donate funds to support the liquidity of HTX DAO. Through this, HTX is seeking the growth and development of the exchange based on various collaborative relationships in the cryptocurrency market.
The launch ceremony of HTX's decentralized exchange on this day is evaluated as an opportunity to demonstrate the will to lead innovation and development in the field of cryptocurrency and blockchain technology. In particular, Justin Sun's presentation demonstrated HTX's firm commitment to decentralization and autonomy, which is expected to have a significant impact in determining the direction of cryptocurrency exchanges in the future. Through these efforts, HTX is expected to present a new paradigm for cryptocurrency exchanges and grow into a symbolic presence in the market.
