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 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.
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.
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.
Dock has a total supply of one billion tokens
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.
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.
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.
