Dusk's most challenging part for newcomers is its complex token system.

Currently, there are three versions of DUSK in circulation—the ERC20 version on Ethereum, the BEP20 version on Binance Smart Chain, and the native token on the mainnet. This is not a simple multiple-choice question, but directly affects whether you can participate in subsequent RWA subscriptions or run nodes. If you don't understand this logic, you might not even be able to pay Gas fees.

Many early participants still hold the ERC20 version from the 2018 ICO period. But this is a problem.

Since early 2025, the mainnet has entered Operational Mode, and the supporting Burner contract has been launched. This is not just a matter of "exchanging tokens."

The ERC20 DUSK is essentially a standard token with no practical use—it is "static." But once migrated to the mainnet via the official cross-chain bridge, it upgrades to a Utility Token, becoming an asset with actual functionality.

It becomes the fuel for DuskEVM and the source of Gas fees for privacy transactions. To use an analogy, it's like you originally held a "voucher," and now you go to the official window to exchange it for "chips."

Only with chips in hand can you operate stock trading in the NPEX dApp and have the right to participate in on-chain voting and governance.

All long-term value is concentrated in the native DUSK.

If you're still clinging to the ERC20 version, it's time to study the official Web Wallet's cross-chain migration tutorial. Don't wait until the opportunity window opens and find your funds stuck on the old chain.