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What is the issuance price and issuance volume of DUSK coins?

During its token sale, DUSK coins were initially offered at a private sale price of $0.0123 and a public sale price of $0.0149 per coin.

Dec 02, 2024 at 06:43 pm

What is the Issuance Price and Issuance Volume of DUSK Coins?

Introduction

DUSK Network is a privacy-centric blockchain platform that provides a range of decentralized applications and services. Its native cryptocurrency, DUSK, plays a crucial role in the network's operations, including transaction fees, staking, and governance.

Issuance Price

The issuance price of DUSK coins refers to the initial price at which they were offered to the public during the project's token sale. The token sale took place in two stages:

  • Private Sale (September 2020): DUSK coins were sold to private investors at a price of $0.0123 per coin.
  • Public Sale (October 2020): DUSK coins were sold to the general public through a Dutch auction, starting at a price of $0.0178 per coin and decreasing gradually over time. The final clearing price was $0.0149 per coin.

Issuance Volume

The issuance volume of DUSK coins refers to the total number of coins created and distributed to the public. The initial issuance volume of DUSK coins was 1 billion, with the following distribution:

  • Ecosystem Fund: 20% (200 million DUSK)
  • Team and Advisors: 15% (150 million DUSK)
  • Private Sale Investors: 25% (250 million DUSK)
  • Public Sale Investors: 40% (400 million DUSK)

Additional Information

  • Staked Supply: As of May 2023, approximately 50% of the circulating supply of DUSK coins is staked by network participants.
  • Token Burn: DUSK Network implemented a token burn mechanism in March 2021, which involves periodically removing a portion of the circulating supply to maintain scarcity.
  • Current Market Price: As of May 2023, the market price of DUSK is approximately $0.05, reflecting a significant increase from its issuance price.

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