#dusk $DUSK
I came across a date in Dusk's tokenomics documentation that reframed how I think about the current DUSK supply situation entirely.
April 2022.
That is when the vesting period for all 500 million pre-mainnet @Dusk_Foundation tokens ended. Team allocations. Advisor allocations. Development fund. Exchange listings. Marketing. All fully vested. April 2022.
Dusk's mainnet launched in late 2024.
That gap is worth sitting with carefully.
Every token allocated to early participants, the team who built Dusk for six years, the advisors who guided it, the exchanges that listed it, the investors who backed the 2018 ICO at $0.0404 had been freely transferable for over two and a half years before the network they were issued for went live.
Vesting schedules exist to align incentives. Lock tokens long enough that holders stay committed to the project succeeding. April 2022 to late 2024 is a long time to hold freely vested tokens while waiting for a mainnet that had not launched yet.
Some held. The ones who did not created the sell pressure that pushed DUSK from its 2021 peak of $0.57 down to around $0.07 by mid-2023 before any mainnet existed to justify a recovery.
Now the mainnet is live. The 500 million emission side has started, geometric decay, halving every four years, 36-year schedule. That second 500 million is the one stakers are earning today.
But the first 500 million has been fully unlocked for over three years. Whoever still holds those tokens has been holding voluntarily since April 2022.
That voluntary holding is either the strongest possible signal of long-term conviction or the quietest possible form of patience running out slowly.
I came across a date in Dusk's tokenomics documentation that reframed how I think about the current DUSK supply situation entirely.
April 2022.
That is when the vesting period for all 500 million pre-mainnet @Dusk_Foundation tokens ended. Team allocations. Advisor allocations. Development fund. Exchange listings. Marketing. All fully vested. April 2022.
Dusk's mainnet launched in late 2024.
That gap is worth sitting with carefully.
Every token allocated to early participants, the team who built Dusk for six years, the advisors who guided it, the exchanges that listed it, the investors who backed the 2018 ICO at $0.0404 had been freely transferable for over two and a half years before the network they were issued for went live.
Vesting schedules exist to align incentives. Lock tokens long enough that holders stay committed to the project succeeding. April 2022 to late 2024 is a long time to hold freely vested tokens while waiting for a mainnet that had not launched yet.
Some held. The ones who did not created the sell pressure that pushed DUSK from its 2021 peak of $0.57 down to around $0.07 by mid-2023 before any mainnet existed to justify a recovery.
Now the mainnet is live. The 500 million emission side has started, geometric decay, halving every four years, 36-year schedule. That second 500 million is the one stakers are earning today.
But the first 500 million has been fully unlocked for over three years. Whoever still holds those tokens has been holding voluntarily since April 2022.
That voluntary holding is either the strongest possible signal of long-term conviction or the quietest possible form of patience running out slowly.