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Dust Protocol

DUST$0.00
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Price Data

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Ethereum: 0xb5b1...c0cc
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Market Cap

4973732
#2318

All-Time High

7.58

All-Time Low

0.0008758

Fully Diluted Valuation

4973732

Circulating Supply

33297819 (100%)

Total Supply

33297819

Max Supply

33300000

What is Dust Protocol?

Dust Protocol is a decentralized, multi-chain utility and governance platform designed to facilitate community-led decision-making and treasury management. The protocol uses its native token, DUST, to empower holders in governance and support various ecosystem functions.

  • Utility Token: DUST enables community proposals and governance over the Dust DAO treasury.
  • Token Distribution: Initially, 0 DUST was created, with a maximum supply of 33,300,000 DUST distributed via a fair-launch model.

Tokenomics

DUST's initial distribution was designed to ensure equitable access and avoid centralization.

  • Fair Launch: DUST was distributed to holders of staked DeGods NFTs, with no pre-mine or team holdback.
  • Halving Periods: DUST staking rewards were halved three times, with emissions concluding on February 22, 2023.

Protocol Features

Dust Protocol enhances blockchain interoperability and utility, particularly for gaming and asset tokenization.

  • Gaming Integration: Facilitates seamless exchange and interaction across various game clients.
  • Raindrops Protocol: Serves as the foundation for tokenizing real-world assets on a privacy-focused Layer 1 blockchain.

Security Measures

Dust Protocol incorporates advanced security measures to protect its ecosystem.

  • Cryptographic Techniques: Uses the Noise protocol framework for encryption and authentication.
  • Custom Blockchain: Provides tailored security and supports protocol unobservability through encryption.

Governance and Community

The protocol’s governance is decentralized, involving the community in key decisions.

  • DAO Governance: DUST token holders propose and vote on protocol updates and treasury management.
  • Open-Source Development: Resources are available on GitHub, encouraging innovation and transparency.

Other Projects in the Protocol Category

  • XEN Crypto: a social mining project with an ERC20 token on Ethereum.
  • SERO: ensures Dapp privacy through non-interactive zero-knowledge proofs.
  • Hubble: mints USDH stablecoins on Solana, offering yield and collateral management.

Dust Protocol Price Analysis

As of December 5 2024 Dust Protocol has a marketcap of $5M. This is {{percentagefromath}} from its all time high of $7.58. In terms of its tokenomics, there's a total supply of 33M with 100% currently outstanding. Keep in mind Dust Protocol has a fully diluted value of $5M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Chat GPT LogoClaude LogoSummarized in part by ChatGPT 4 and Claude