HTX Exchange Burns $9 Million Worth of HTX in Buyback
CryptoNewsTerminal Staff16 Jul, 2024
HTX Exchange Burns $9 Million Worth of HTX in Buyback
HTX exchange has successfully completed a buyback and burn of 7,791,971,428,156 HTX tokens. The buyback represents approximately $9 million worth of HTX and is related to the platform's second-quarter Trade to Earn event. HTX's Trade to Earn event encourages users to trade on the platform by offering rewards in the form of HTX tokens. The buyback and burn are part of HTX's ongoing commitment to supporting the value of its HTX token. By removing a significant amount of HTX from circulation, the buyback helps reduce supply and increase demand for the token. This, in turn, helps support the token's price and provides value to HTX holders.
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