Huobi HTX Lists MANYU Meme Coin Following HTX DAO Governance Recommendation
## Executive Summary
Huobi HTX has announced the listing of **MANYU** ($MANYU) for spot and isolated margin trading against **USDT** today, a decision influenced by the **HTX DAO** community governance, signaling a shift towards decentralized asset selection. The **Ethereum-based meme coin** is inspired by a viral Shiba Inu and its listing on a major exchange through a community-driven process highlights evolving trends in crypto asset onboarding.
## The Event in Detail
**Huobi HTX** will initiate spot trading for **MANYU/USDT** and enable **MANYU/USDT (10X)** isolated margin trading on September 29th at 16:00 (GMT+8). The deposit service for **MANYU** is already operational. This listing is a direct result of a recommendation from the **HTX DAO** community governance, which uses **$HTX** as its primary credential for decision-making. **MANYU** is an **Ethereum-based meme coin** inspired by a well-known Shiba Inu dog named Manyu, which has garnered a significant social media following on platforms such as Instagram. The project aims to transition this established fanbase into the Web3 space.
## Financial Mechanics & Business Strategy
The **MANYU** token operates on the Ethereum blockchain with a substantial fixed supply of **1 quadrillion tokens**. Its design incorporates a **deflationary model** with 100% burnt liquidity and zero transaction taxes, a feature intended to reduce selling pressure and encourage holding. Furthermore, **contract ownership is renounced**, aiming to mitigate risks associated with centralized control. As of a recent report, **MANYU's** last recorded price was **$0.00032**, with a market capitalization of **$323.55K** and a 24-hour trading turnover of **$81.08K**. Its all-time high stands at **$0.03**, while its all-time low was **$0.0000089**. The circulating supply is approximately **999.31 million tokens**.
The listing process highlights **HTX DAO's** "Token Listing and Delisting Governance by Recommendation mechanism," introduced via the **HIP-005 proposal** in early July. This mechanism positions **$HTX** holders as direct participants in the exchange's asset selection, moving beyond passive ownership to active decision-making. The official tokenomics of **$HTX** allocate 50% of quarterly revenue to buy back and burn **$HTX**, directly linking platform trading activity and fee revenue to the token's scarcity. The successful listing of recommended projects like **MANYU** is designed to drive fee revenue, increasing **$HTX** buybacks and burns, and incentivizing governance participants with potential rewards such as fee cashback or point-based incentives. This strategy aligns with **MANYU's** own ambitious roadmap, which includes transitioning from a meme coin to a multi-chain ecosystem featuring a decentralized exchange (ManyuSwap), NFT collections, play-to-earn games, cross-chain interoperability, and a dedicated blockchain, Manyu Chain, by 2026. The project leverages significant public endorsement and active participation from key members associated with the original **Shiba Inu** project, aiming to replicate its success by integrating meme-driven hype with structured utility.
## Market Implications
The listing of **MANYU** on **Huobi HTX** is likely to generate significant short-term trading volume and potential price volatility, characteristic of meme coin listings on major exchanges. The integration of **MANYU** through **HTX DAO's** governance model signifies a broader trend in the Web3 ecosystem towards decentralized decision-making for platform asset selection. This approach, where **$HTX** holders directly influence listings, enhances transparency and community ownership, potentially redefining DeFi governance models. However, the long-term success of **MANYU** and the broader impact on investor sentiment will depend on its ability to deliver on its ambitious roadmap, including the development of DeFi tools, NFTs, and a dedicated blockchain. The initial phase of **HTX DAO's** listing initiative included **MANYU** among eight shortlisted projects, selected based on community engagement and market sentiment, highlighting the shift towards community consensus in project visibility. The incentive structure, including a **10 billion HTX prize pool** for voting participants, aims to foster active engagement, potentially driving user retention and network effects for the **HTX** platform. This development may influence how other exchanges consider integrating community governance into their listing protocols, further decentralizing control within the crypto market.