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What is the issuance and circulation of DUSK coins?

DUSK Network initially issued 400 million tokens through an ICO in 2018, raising a total of $40 million in funds.

Dec 01, 2024 at 03:10 am

What is the Issuance and Circulation of DUSK Coins?

Issuance
  1. Initial Coin Offering (ICO)
    • Initial coin offerings (ICOs) were all the rage in 2017 and 2018 as a means for blockchain startups to raise capital. DUSK Network also conducted an ICO in 2018, issuing a total of 400 million DUSK tokens.
    • The ICO price was set at $0.10 per DUSK token, and the sale raised a total of $40 million.
  2. Private Placement
    • In addition to the ICO, DUSK Network also conducted a private placement of DUSK tokens to strategic investors.
    • The private placement raised an additional $10 million.
  3. Team Allocation
    • The DUSK Network team was allocated 20% of the total DUSK token supply, or 80 million tokens.
    • These tokens are intended to incentivize the team to continue developing and promoting the DUSK Network.
Circulation
  1. Circulating Supply
    • The circulating supply of DUSK tokens is currently 320 million tokens.
    • This figure represents the number of DUSK tokens that are currently in circulation and available for trading.
  2. Total Supply
    • The total supply of DUSK tokens is 500 million tokens.
    • The remaining 180 million tokens are held in reserve and will be released gradually over time to support the growth of the DUSK Network.
  3. Token Distribution
    • The following table shows the distribution of DUSK tokens:
    CategoryNumber of TokensPercentage
    ICO400,000,00080%
    Private Placement10,000,0002%
    Team Allocation80,000,00016%
    Reserve180,000,0002%

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