$HTX’s Major Upgrades: Unmasking Combined Strategies for Investment Value and Long-Term Gains
The post $HTX’s Major Upgrades: Unmasking Combined Strategies for Investment Value and Long-Term Gains appeared on BitcoinEthereumNews.com.
As the global cryptocurrency market experiences a resurgence with BTC revisiting the $73,000 mark, HTX, a leading cryptocurrency exchange, is rolling out a swath of innovative initiatives aimed at bolstering investor engagement and maximizing returns. HTX’s spokesperson, Liu Ye, recently took to X and shared several major upgrades for the HTX DAO’s governance token, $HTX, including the dual rewards for integrating $HTX Earn product and PrimePool, $HTX’s access to multiple PrimePool events, and a slight reduction in $HTX yield rate. The mix of these measures signals the exchange’s commitment to long-term growth and injects confidence into the $HTX appreciation. This article will examine these changes and deep dive into what is behind and ahead. I. Accelerated $HTX Burns Enhance Scarcity and Value In early October, HTX DAO announced the pivot of its liquidity pledge model into a burn mechanism, with cumulative pledges and burns now reaching $72.75 million. By reducing the circulating supply, this deflationary shift has the potential to increase $HTX’s value. More importantly, the strategy will not only support the long-term market cap of $HTX but also enhance the token’s scarcity as a digital asset. As the market inclines to holders, the reduced supply positions $HTX as an increasingly attractive option for long-term appreciation. II. “One Token, Dual Gains” – Integrating Earn Product and PrimePool According to HTX’s plan, users will soon be able to leverage $HTX for both the Earn product and PrimePool to earn double rewards. This integration offers $HTX holders various ways to earn rewards and manage their assets. Set to launch in December, this approach is designed to improve capital utilization efficiency while reducing the cost of asset management. Additionally, simplifying the process for investors, it is also the answer to enhance engagement and catering for those seeking steady long-term gains. Compared to engagement…
Filed under: News - @ November 5, 2024 2:18 pm