If you have been holding $DUSK on Ethereum since before mainnet, theres a step you might not know you still need to take...
I was reading through #dusk migration docs and realized something that seems easy to miss if you bought in early and just... never checked back.
@Dusk originally launched as a placeholder token, ERC-20 on Ethereum, BEP-20 on BSC, because the actual mainnet was not ready yet. Thats normal, plenty of projects do this. Whats less normal is what happens after mainnet actually launches. Those placeholder tokens dont automatically become the real thing. You have to manually migrate them, connect a Web3 wallet, lock the old tokens in a migration contract, and wait for native DUSK to get issued on the other end. Its not instant either, the contract itself imposes a wait, roughly fifteen minutes, built in for security.
Mainnet went live back in December 2024. That means anyone who bought ERC-20 or BEP-20 DUSK before then and just left it sitting in an exchange wallet or a Web3 wallet they forgot about is holding a placeholder token, not the actual native asset securing the network today. It still has value, its still swappable, but its not staking, not earning anything, not actually part of the live chain until someone manually moves it over.
I dont think this is some kind of trap, the process is documented, its not hidden. But migrations like this quietly strand tokens all the time, not through malice, just through people buying something years ago and forgetting to check back when the underlying project actually shipped.
If you have got old DUSK sitting somewhere and have not touched it since 2023 or 2024, thats worth a five minute check before you assume its already the current version.
I was reading through #dusk migration docs and realized something that seems easy to miss if you bought in early and just... never checked back.
@Dusk originally launched as a placeholder token, ERC-20 on Ethereum, BEP-20 on BSC, because the actual mainnet was not ready yet. Thats normal, plenty of projects do this. Whats less normal is what happens after mainnet actually launches. Those placeholder tokens dont automatically become the real thing. You have to manually migrate them, connect a Web3 wallet, lock the old tokens in a migration contract, and wait for native DUSK to get issued on the other end. Its not instant either, the contract itself imposes a wait, roughly fifteen minutes, built in for security.
Mainnet went live back in December 2024. That means anyone who bought ERC-20 or BEP-20 DUSK before then and just left it sitting in an exchange wallet or a Web3 wallet they forgot about is holding a placeholder token, not the actual native asset securing the network today. It still has value, its still swappable, but its not staking, not earning anything, not actually part of the live chain until someone manually moves it over.
I dont think this is some kind of trap, the process is documented, its not hidden. But migrations like this quietly strand tokens all the time, not through malice, just through people buying something years ago and forgetting to check back when the underlying project actually shipped.
If you have got old DUSK sitting somewhere and have not touched it since 2023 or 2024, thats worth a five minute check before you assume its already the current version.
