Based on my core criteria and comparison with DUSK's current status:
🔍 DUSK Status and My Investment Criteria Comparison
1. "Protocol Revenue" vs "Deflationary Model"
· DUSK Status: The project lacks stable protocol revenue, and its economic model is not deflationary; instead, it faces inflationary pressure (50% of the tokens have not yet been released). The primary use of the token is for paying network transaction fees and staking, with its value entirely dependent on the growth of network applications.
· My Criteria: Seeking stable protocol revenue and a deflationary model.
· Conclusion: Does not meet the criteria.
2. Project Ecosystem and Activity
· DUSK status: The ecosystem is extremely quiet. The 24-hour trading volume is only about $14,000, with less than 20,000 wallet addresses, described as 'limited liquidity and low trading activity.' The price has fallen nearly 80% over the past year.
· My criteria: prioritize projects that can solve real problems and have adoption.
· Conclusion: The current adoption rate is extremely low, and it has not proven to solve any problems.
3. Opportunities and uncertainties
· DUSK status: The main opportunity comes from its narrative as a 'compliant privacy financial chain' and plans to collaborate with the Dutch exchange NPEX to put €300 million of securities assets on-chain. However, this is a long-term expectation.
· My criteria: look for projects that can continuously and stably create value, rather than relying solely on narrative-driven approaches.
· Conclusion: High narrative risk, with great uncertainty in realization.
📈 Summary and decision recommendations
1. Not in line with my logic: DUSK is a 'compliant privacy financial chain' that lacks the 'robust protocol revenues' and 'deflationary model' you value; it is currently a high-risk project with a quiet ecosystem, relying on future collaboration narratives.
2. What does $100 mean: If viewed as a 'lottery-style' investment, a loss of $100 is bearable. But this deviates from my intention to build a robust investment portfolio.
3. Key tracking indicators: If still interested in its potential opportunities, focus first on its mainnet launch on DuskEVM in January 2026, and whether the €300 million asset on-chain collaboration with NPEX is genuinely realized and brings actual network activity.
In summary, the symbolic significance of this small investment outweighs the financial significance; it represents a shift in investment strategy.