Dock token

The Dock utility token (DOCK) plays a key role in aligning incentives across all of the Dock network’s participants including issuers, validators, token holders, and the Dock Association, and ensures collaboration and growth.

The Dock token serves three main purposes:

1. Governance

The Dock token enables transparent and accountable governance for the Dock Network. Any token holder can participate via open proposal submission, voting on the direction of the network, and electing board members to the Dock Association.

2. Network Operations

Dock tokens are required to process operations on the Dock network including creating a decentralized identity (DID), revoking and anchoring credentials, and creating schemas to structure credentials.

3. Staking and Validating

To become a validator in Dock’s Proof of Stake Network, candidates need to lock (stake) tokens and can invite others (nominators) to lock tokens on their behalf. The network selects validators based on the amount of staked tokens allocated to them.

Token supply

Dock has a total supply of one billion tokens

Token holders (Circulating Supply)

Approx. 700M DOCK / 70% of total supply

Dock tokens held by token holders which enable any individual or organization to participate in the network including transacting, validating, staking, and voting via open governance.

Dock Association Treasury

Approx. 150M DOCK / 15% of total supply

The Dock Association’s Treasury is used to fund the development, marketing and operations of the Dock network. Over time, decisions regarding spending the Treasury will shift from the Association’s Council to token holders via an open governance mechanism.

Validator Emission Rewards

Approx. 150M / 15% of total supply

Will be mined over time as emission rewards on the Dock mainnet to reward validators (40%) for validating blocks and processing transactions, as well as nominators for participating in staking. Emission rewards (60%) will also go to the Treasury, to ensure the ongoing management of the network.

Proof of stake (PoS)

In order to become a validator and earn rewards, a candidate has to lock tokens in the network. The candidate can also be nominated by others who will then stake their tokens for that candidate and get proportionate rewards if the candidate becomes a validator. As the nominators are rewarded proportionately, they are penalized proportionately as well. Misconduct by the validator can cause the nominators to also lose their stake.

Each year, the network will release 25% of the remaining supply at most and the released tokens will be equally distributed across epochs, each of which lasts 10 days. Circa 150M tokens will be emitted over the course of the next 25 years.

Year Tokens released Tokens remaining Total Issuance
1 36,652,688 109,958,063 890,041,937
2 27,489,516 82,468,547 917,531,453
3 20,617,137 61,851,410 938,148,590
4 15,462,853 46,388,558 953,611,442
5 11,597,139 34,791,418 965,208,582
10 2,752,056 8,256,167 991,743,833
15 653,076 1,959,227 998,040,773
20 154,978 464,934 999,535,066
25 36,777 110,331 999,889,669

Buy DOCK tokens

DOCK tokens can be purchased at the following exchanges

Learn more about Dock tokens