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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
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.
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.
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
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.
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.
Token Distribution
- The following table shows the distribution of DUSK tokens:
Category Number of Tokens Percentage ICO 400,000,000 80% Private Placement 10,000,000 2% Team Allocation 80,000,000 16% Reserve 180,000,000 2%
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