HTX DAO Launches Phase 1 Listing Governance Vote With 10 Billion HTX Prize Pool

HTX DAO Listing Governance Vote Phase 1 Project List Revealed, Simultaneous Voting Launched, Participate to Share from a 10 Billion HTX Prize Pool. BlockBeats reported that HTX DAO has officially disclosed the initial batch of eight projects shortlisted for its community-driven listing initiative, signaling the start of a governance-driven approach to token selection [1]. The first phase includes Mira, MONAD, Succinct, MANYU, COCORO, ETHS, KENDU, and Froggie, chosen after evaluating community engagement, market sentiment, user interest, project popularity, and trading performance metrics. This marks a shift toward decentralized decision-making in listing priorities, where participants directly influence which projects gain visibility on the platform.

The voting event operates on a 10 billion HTX prize pool, distributed among users who stake and cast votes during the July 22–26 (UTC+8) window. Rewards scale with participation, and “Easter egg” incentives are tied to voting patterns [1]. To engage, users must utilize the TRONLINK wallet to transfer HTX and access the HTX DAO platform. This mechanism emphasizes liquidity and active governance, aligning token holder interests with platform growth.

Analysis of the event highlights its potential to reshape DeFi governance models. By decentralizing listing decisions, HTX DAO reduces reliance on centralized gatekeeping, fostering transparency and community ownership. The 10 billion HTX prize pool—a substantial figure in the crypto ecosystem—underscores the project’s commitment to incentivizing participation, which could drive user retention and network effects. The inclusion of diverse projects, ranging from layer-2 solutions (e.g., Succinct) to social-token platforms (e.g., Froggie), reflects a strategic effort to diversify the platform’s offerings and attract a broad user base.

However, the success of this model hinges on sustained community engagement. While the initial phase features 50+ competing projects, the iterative announcement of future candidates (as stated in the official update) suggests a phased approach to scaling the program. This could mitigate risks of premature listing saturation but may also delay broader adoption. Additionally, the requirement to use TRONLINK for participation may exclude users unfamiliar with TRON-based wallets, potentially limiting accessibility.

The event’s emphasis on staking and voting also raises questions about the balance between decentralization and equitable participation. High HTX staking requirements might favor large token holders, though the prize distribution structure could mitigate this by rewarding cumulative voting activity. The mention of “mysterious” rewards introduces an element of gamification, which could enhance user retention but may also be perceived as a marketing tactic.

Overall, the HTX DAO initiative represents a significant step toward community-driven governance in crypto exchanges. By integrating voting rights with economic incentives, it aligns with broader trends in decentralized finance. The outcome of this phase will likely influence future iterations of the program and set a precedent for similar models in the industry.

Source: [1] [HTX DAO Listing Governance Vote Phase 1 Project List Revealed] (https://www.theblockbeats.info/en/flash/304212)