HTX DAO (HTX): The TRON-Based Token of the Former Huobi Exchange
From Huobi to HTX: an exchange DAO token and its issues
HTX is the token of HTX DAO, which appeared after Huobi — an exchange founded in China in 2013 — renamed itself HTX in 2023. It is used for votes and rewards in the exchange’s ecosystem and lives mainly on the TRON blockchain.
1. From Huobi to HTX
Huobi was founded by Leon Li in Beijing in 2013 and was once among the world’s largest crypto exchanges. After China tightened its crypto rules it moved its business overseas, and in October 2022 the Hong Kong-based firm About Capital took control, giving TRON founder Justin Sun major influence as an adviser.
In September 2023, for its tenth anniversary, the exchange renamed itself HTX, after which HTX DAO, an organization for the exchange’s ecosystem, and its token HTX appeared. In the Huobi era the exchange token was HT (Huobi Token). On the Crypto Nation map, HTX stands in TRON City, because TRON is the first chain CoinGecko lists for it.
2. How the token is used
A DAO is an organization in which token holders, rather than a company, set direction through proposals and votes. HTX DAO presents itself as a community around the HTX exchange and its services; HTX holders can vote on proposals and join ecosystem reward programs, and the exchange has run events and earn products using the token.
The maximum supply is about 999.99 trillion tokens, so one token’s price shows as a tiny number with many decimal places. That reflects the huge count, not how much the token is worth overall. HTX is issued mainly on TRON (TRC-20), with versions on Ethereum and BNB Chain.
3. Ties to TRON and milestones
HTX is closely intertwined with the TRON ecosystem led by Justin Sun. Many of its users move coins in and out over TRON, and many TRON tokens trade there. An exchange, a chain and a token linked through one person is HTX’s defining feature and a point of debate.
In September and November 2023 HTX suffered hacks of its hot wallets (online wallets used for deposits and withdrawals), and in November the bridge of Heco, a blockchain launched by the old Huobi, was attacked too. The exchange said it would cover users’ losses and later said it had improved security.
4. Things to know
An exchange token relies on that exchange’s business and trust and can be shaken by hacks, regulation or liquidity problems. At HTX one person and related companies have outsized influence, so management decisions weigh heavily on the token, and interests across the projects he is involved in deserve attention.
Despite the ‘DAO’ label, how decentralized decisions really are is open to question, and much of the supply may sit with related parties. Many countries are tightening rules on unlicensed offshore exchanges, so where HTX is available and its terms may change; exchange notices and token-allocation data are worth checking directly.
Written from information public up to October 2026. It does not recommend or rate any coin and is not investment advice. If something is wrong, please tell us through the contact page.