PANAMA CITY, April 17, 2026 /PRNewswire/ -- Despite a turbulent first quarter characterized by market volatility and shrinking global trading volumes, HTX DAO has delivered a robust deflationary performance.
According to an official announcement, HTX DAO successfully completed its $HTX burn for the first quarter of 2026 on April 15. A total of 10,825,402,253,521.04 $HTX tokens, valued at approximately $19.22 million, were permanently removed from circulation. This brings the cumulative total of $HTX burned and pledged to 110.32 trillion tokens to date.
Counter-Cyclical Resilience Amid Market Downturn
The global crypto market faced significant headwinds in Q1, with total trading volumes plunging by 27% quarter-over-quarter due to cautious macroeconomic sentiment. While much of the industry struggled with revenue contraction, $HTX demonstrated remarkable "counter-cyclical" resilience.
Data reveals that even in a subdued market, the volume of $HTX burned in a single quarter exceeded 1% of its total supply. This indicates that the HTX platform has maintained efficient revenue conversion and high-volume burn schedules despite the broader market conditions, a feat that has significantly bolstered community and investor confidence.
Market capital flows further support this narrative. According to DefiLlama data, as of March 31, HTX ranked first globally among centralized exchanges (CEXs) for 24-hour net capital inflows, attracting $54.14 million in a single day.
Redefining Scarcity: 5.5% Annual Deflation Rate
Since the inception of the burn program in 2024, the cumulative reduction in $HTX supply—through burns and pledges—has surpassed 11% of the total supply. This represents a staggering average annual deflation rate of 5.5%, a figure that significantly outpaces most peer exchange tokens and mainstream crypto assets. This aggressive supply reduction creates a high degree of scarcity, providing a solid foundation for the token's long-term value.
While the supply side contracts, the demand for $HTX is being aggressively reinforced.
In Q1, $HTX was successfully listed on the European compliant exchange Bit2Me, expanding its user base and liquidity within regulated markets. Additionally, HTX DAO launched a $HTX staking feature, allowing hodlers to earn up to 10% APY while participating in governance, incentivizing long-term holding.
Since April 1, $HTX has served as the sole token for trading fee discounts on the HTX exchange. Its integration into core trading scenarios provides a sustainable engine for future burns and ongoing market demand.
The token's resilience against headwinds in Q1 2026 serves as a definitive validation of the $HTX deflationary model and the steady growth of the HTX ecosystem. As the burn mechanism continues and the ecosystem expands, the "absolute scarcity" of $HTX is expected to become increasingly pronounced.
About HTX DAO
As a multi-chain deployed decentralized autonomous organization (DAO), HTX DAO demonstrates an innovative governance approach. Unlike traditional corporate structures, it adopts a decentralized governance structure composed of a diversified group, jointly committed to the success of this organization. This unique ecosystem advocates openness and encourages all DAO participants to propose ideas that can promote the development of HTX DAO.
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HTX DAO Completes Q1 2026 $HTX Burn: Two-Year Supply Shrinks Over 11% as Deflation Accelerates
HTX DAO Completes Q1 2026 $HTX Burn: Two-Year Supply Shrinks Over 11% as Deflation Accelerates
Global Flagship convention reinforces responsible entrepreneurship, leadership development and innovation while unveiling new wellness, lifestyle and technology products
PENANG, Malaysia, July 8, 2026 /PRNewswire/ -- Held under the theme "Reform. Perform. Transform.", V-Convention 2026 brought together more than 8,000 entrepreneurs and business leaders from 30 countries in Penang, Malaysia, reaffirming QNET's role as a global direct selling company committed to entrepreneurship, leadership development, innovation and personal transformation.
Supported by the Malaysia Convention & Exhibition Bureau (MyCEB) and Tourism Malaysia, V-Convention 2026 marked the third consecutive year of collaboration with agencies under the Ministry of Tourism, Arts and Culture Malaysia (MOTAC). The event welcomed participants from across Sub-Saharan Africa, the Middle East, Central Asia, Southeast Asia and other international markets, supporting Malaysia's business events and tourism industries and the Visit Malaysia 2026 campaign by showcasing Malaysia's world-class infrastructure, cultural diversity and hospitality.
V-Convention is the flagship annual global convention of QNET, a global direct selling company, bringing together Independent Distributors, entrepreneurs and business leaders from around the world. The event serves as the company's premier platform for leadership development, responsible entrepreneurship, compliance education, product innovation and business growth, while reinforcing QNET's commitment to responsible entrepreneurship, ethical direct selling and long-term customer trust.
For nearly three decades, V-Convention has brought together entrepreneurs, leaders and changemakers to exchange ideas, build capabilities and embrace innovation. This year's edition featured keynote sessions by the company's founders and leadership team, encouraging participants to embrace change, pursue continuous improvement and create meaningful impact in business, communities and personal lives.
Mattias Mildenborn, CEO, QNET said, "Transformation is not a destination; it is a continuous commitment. It requires the courage to challenge legacy thinking, the discipline to strengthen how we operate, and the integrity to earn trust every day.
As we continue our transformation, we are building a stronger, more transparent and more accountable QNET—one that places compliance, ethical business practices and customer trust at the heart of everything we do. Seeing more than 8,000 entrepreneurs from around the world gathered at V-Convention 2026 reflects not only the strength of our global community, but also a shared commitment to building a sustainable business with the highest standards of professionalism.
Looking ahead, our focus remains clear: empowering people through innovation, responsible entrepreneurship and products and opportunities that create lasting value for individuals, families and communities."
"Throughout the convention, attendees participated in an extensive programme of leadership development, business-building workshops, product education, compliance training, personal development and networking opportunities. Our objective is to equip entrepreneurs with the knowledge, skills and foundation needed to build sustainable businesses in an increasingly dynamic and regulated world," added Mattias Mildenborn, CEO, QNET.
New Wellness, Lifestyle and Technology Products Unveiled
V-Convention 2026 also marked the launch of three new additions to QNET's wellness, lifestyle and technology portfolio, reflecting the company's continued commitment to product innovation and customer wellbeing.
The new product launches included:
Amezcua GX-1 – the world's first Closed-Loop Grounding Duo Mat powered by proprietary ART™ technology. Designed to support everyday wellbeing and personal vitality, the GX-1 represents the latest evolution in Amezcua's wellness innovation portfolio.
Physio Radiance Aura – combines plant-powered innovation with an advanced 3-in-1 cellular system that recharges your skin cells for a visibly radiant, youthful-looking complexion.
Interra Chronograph – a distinguished new timepiece that combines precision engineering, contemporary design and timeless craftsmanship, further expanding the Interra collection.
The convention also featured expansive product exhibition with immersive brand showcases, live demonstrations and educational sessions, allowing attendees to experience QNET's wellness, lifestyle and luxury brands firsthand.
Together, the product launches and immersive exhibition reinforced QNET's commitment to innovation, quality, ethical direct selling and responsible entrepreneurship, equipping Independent Distributors with the knowledge, products and confidence to build sustainable businesses professionally and responsibly.
Transformation with Purpose
As V-Convention 2026 concluded, participants left with new knowledge, stronger capabilities and renewed determination to build sustainable businesses rooted in professionalism, innovation and responsible entrepreneurship, recognising that lasting success is measured not only by personal achievement, but also by the positive impact created for customers, communities and future generations.
About QNET
QNET is a global direct selling company offering health, wellness, lifestyle and luxury products through an e-commerce-driven business model. Founded in 1998, QNET is guided by its mission of RYTHM – Raise Yourself To Help Mankind and is committed to responsible entrepreneurship, ethical business practices and customer-focused innovation.
QNET is a member of the Direct Selling Association in several countries, the Hong Kong Health Food Association, the Health Supplements Industry Association of Singapore, and other recognised industry organisations. The company is also the official direct selling partner of Manchester City Football Club and the Confederation of African Football (CAF), reflecting its commitment to excellence, global partnerships and community impact. Discover more at www.qnet.net.
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More Than 8,000 Entrepreneurs from 30 Countries Gather in Malaysia for QNET's Global V-Convention 2026
