Justin Sun pointed out that only a decentralized governance model can prevent tragedies like FTX and Mt. Gox from happening again and ensure the long-term security of users' assets while raising the asset ceiling, under the continuous growth of the industry. Moreover, only through decentralization can the blockchain and exchange industries reach a trillion-dollar level of asset scale. HTX DAO will lead the industry's evolution and create a new paradigm for protecting user assets in the exchange industry. 

It is reported that HTX DAO was officially established on January 18, with the aim of being a leading decentralized autonomous organization in the blockchain ecosystem and focusing on open finance and tokenized economy. The name of HTX DAO encapsulates its identity and strategic direction as a decentralized autonomous organization:

The "H" symbolizes the HTX exchange, highlighting its noteworthy role within the HTX DAO ecosystem as the largest contributor to ecosystem liquidity.

The "T" signifies the TRON blockchain, the technological foundation driving the HTX DAO ecosystem forward.

The "X" embodies change and potential that blend in a multitude of beliefs at the heart of HTX DAO's vision. The "X" also stands as a symbol of the broad spectrum of reputable entities that will form the bedrock of this DAO ecosystem.

Sun stated that HTX aims to transform into a decentralized, democratic, and autonomous exchange, which will be achieved through HTX DAO. This unique approach will empower $HTX holders to vote on listings, raise questions, and participate in decision-making and governance, propelling HTX towards decentralization. Ultimately, they will become the true owners of the platform.