Looking at the Dusk project, many people still treat it as a story to listen to. But if you take a close look at its cooperation model with the Dutch licensed exchange NPEX, you'll find that this is not just simple token issuance—it’s about transforming company equity, voting rights, dividend distribution, and transfer rules into fully executable on-chain smart contract logic. Shareholders can vote directly from their wallets, quarterly dividends are automatically credited, and secondary market trading is open, transparent, and fully auditable. Once this system matures, it will truly connect the real economy with blockchain.

Now, let's look at how the DUSK token itself is designed. It’s not the kind of token that relies solely on narrative hype; instead, it plays a dual role: on one side, as "fuel," every step of on-chain securities issuance, clearing, and compliance auditing consumes or depends on it; on the other side, as "the guardian," nodes must stake DUSK to participate in network consensus and security guarantees.

There is a self-reinforcing cycle here— the larger the on-chain asset scale, the higher the requirements for network security and trustworthiness, and the more DUSK nodes stake, which actually reduces the circulating supply in the market. The more active the ecosystem, the more genuine the financial demand for DUSK. In simple terms, this is not about price speculation based on concepts, but about tightly binding the token with financial activities.

Of course, whether this path can succeed also depends on subsequent compliance, custody, clearing, and other aspects passing audits. But if regulatory assets are truly attracted to the chain on a large scale, DUSK’s role will shift from a speculative tool to a financial infrastructure token, and its influence will go beyond just digital gaming.