Huobi renamed the exchange first; HTX the token came later. The ledger is fixed, but distribution, formal proposals, platform execution, burns and staking are controlled by different actors.
The 2023 exchange rebrand and 2024 token launch were separate events. HT-to-HTX was a voluntary, expiring exchange programme with unlocked and task-locked balances, not a protocol ticker rename. HTX DAO also says it is not a registered company, while Orange Atlas has a narrower BVI administrative role.
ChainSecurity found no post-deployment mint or privileged token role, but the deployer initially received all supply. Allocation labels do not reveal every wallet or vesting path. Other-chain versions are declared, but the sources reviewed here did not establish their bridge operator, custody or unified supply reconciliation.
The December 2024 release moved every remaining uncirculated token to the Governance Committee for a future plan. HIP-001 later formalised a hybrid body with elected and appointed insiders; one address carried 99.95% of that vote's weight.
Voting is a signed off-chain snapshot stored on IPFS. Formal submission is gated and execution is coordinated by the committee. For platform matters, a successful DAO vote still waits for HTX Exchange compliance approval. Fee benefits are exchange programmes, not ownership rights.
The DAO replaced liquidity pledges with direct burns and links the amount to 50% of reported platform revenue. March 2026 staking added sHTX and five privileged roles. Official sources disagree on whether withdrawal cooldown is 0 days, 48 hours or 7 days.
The exchange changes its brand before the token exists.
A voluntary, task-conditioned exchange programme begins.
The committee publishes two Q3 burn transactions.
All uncirculated HTX is released for a later allocation plan.
The stated one-year window ends.
Six voters approve elected and appointed seats; one address supplies 99.95% of weight.
The committee attributes the Q2 amount to 50% of platform revenue.
Last evidence review: 2026-09-05
HTX is HTX DAO's governance token, but three similarly named things must stay separate. Huobi became the HTX exchange brand in September 2023; the token launched in January 2024; HTX DAO is the surrounding governance organisation. The audited asset is a fixed-supply TRC-20 on TRON. Orange Atlas Limited, a BVI company seeking EU trading admission, is an administrative support entity rather than proof of the exchange operator's identity.
The project promises user influence over listings, incentives and ecosystem budgets. In practice, formal HIPs pass through committee or KYC gates, the committee coordinates execution, and HTX Exchange retains compliance approval over platform proposals. Fixed supply also does not equal broad distribution: in December 2024 all remaining uncirculated tokens went to the committee for a later plan. Quarterly burns are transactions, not equity or a dividend claim on exchange revenue.
The TRON contract minted 999,990,000,000,000 HTX once and cannot mint again. Official papers name versions on Ethereum, BSC and BitTorrent Chain alongside TRON. The sources reviewed here did not establish bridge custody or a reconciliation of aggregate supply across those versions. Staking HTX mints non-transferable sHTX; voting uses an off-chain snapshot, IPFS record and wallet signature. The upgradeable staking contracts expose admin, operator, pause, rewarder and blacklist roles, while official cooldown values conflict.
No. The exchange rebrand came first; the token and a time-limited voluntary conversion came later.
The audited TRON contract cannot, although the deployer initially received the entire supply.
The sources reviewed here did not establish bridge custody or aggregate supply reconciliation across the four declared chains, so this review cannot confirm a unified supply.
The remaining uncirculated amount was released to the committee, not shown as broadly distributed.
No. It uses off-chain signatures and snapshots; execution remains committee-mediated.
No equity, fixed dividend or redemption right was found.
HTX Exchange retains compliance review and final approval.
Upgradeable contracts have admin, pause, reward and blacklist roles, and cooldown texts conflict.
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