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What is the issuance amount of DUSK coins?
The total issuance amount of DUSK coins, the native cryptocurrency of the DUSK Network privacy platform, is set at 100 million DUSK, distributed among various stakeholders.
Dec 08, 2024 at 11:48 am
The Issuance Amount of DUSK Coins
What is DUSK Network?
DUSK Network is a blockchain platform for decentralized financial (DeFi) applications that emphasizes privacy, scalability, and interoperability. It is designed to be a user-friendly platform for developing and deploying DeFi applications, focusing on security and ease of use. The platform includes a set of tools and services that enable developers to create decentralized applications (dApps) without worrying about the underlying infrastructure.
DUSK Coin (DUSK)
DUSK Coin (DUSK) is the native cryptocurrency of the DUSK Network. It is used for various purposes such as:
- Transaction Fees: DUSK is used to pay transaction fees for performing actions on the network.
- Governance: DUSK holders can participate in the governance of the network by voting on proposals that affect the development and direction of the platform.
- Staking: DUSK can be staked to contribute to the security and stability of the network, earning rewards in the form of new DUSK coins.
Issuance Amount of DUSK Coins
The total issuance amount of DUSK coins is 100,000,000 DUSK.
Distribution of DUSK Coins
The distribution of DUSK coins is as follows:
- Public Sale (35%): 35% of the total supply (35,000,000 DUSK) was allocated to the public sale.
- Team & Advisors (15%): 15% of the total supply (15,000,000 DUSK) was allocated to the team and advisors.
- Foundation (15%): 15% of the total supply (15,000,000 DUSK) was allocated to the DUSK Foundation for funding network development and growth initiatives.
- Staking Rewards (35%): 35% of the total supply (35,000,000 DUSK) was allocated to staking rewards for contributing to the security and stability of the network.
Frequently Asked Questions (FAQs)
Q: What is the current circulating supply of DUSK coins?
A: The current circulating supply of DUSK coins is approximately 60,000,000 DUSK, representing 60% of the total issuance amount.
Q: How can I purchase DUSK coins?
A: DUSK coins can be purchased on various cryptocurrency exchanges, including Binance, KuCoin, and Uniswap.
Q: Can I stake my DUSK coins to earn rewards?
A: Yes, you can stake your DUSK coins through the DUSK Network staking mechanism to earn rewards in the form of new DUSK coins.
Q: Where can I find more information about DUSK Network and DUSK coins?
A: You can find more information about DUSK Network and DUSK coins on the project's [official website](https://dusk.network/), [whitepaper](https://docs.dusk.network/), and [Telegram channel](https://t.me/dusknetwork).
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