Share this article
CoinDesk Mothballs DESK Reward Token Program
It was an experiment in driving community engagement, and we're leaving the door open to relaunching DESK or something similar in the future.
By CoinDesk
Updated Jan 31, 2024, 5:58 p.m. Published Jan 31, 2024, 5:54 p.m.
CoinDesk has suspended support for DESK, the rewards token that debuted at the virtual Consensus in 2021 and relaunched on the Polygon blockchain in 2022.
DESK was an exploration of new ways for a media and events company to engage with its audience. As a customer engagement token, DESK was never intended to have any monetary value, and CoinDesk never sold it. Rather, Consensus attendees and CoinDesk readers earned DESK by engaging with our content, and redeemed it for rewards like NFTs and swag. The terms of service prohibited trading of DESK.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Many of our customers engaged with DESK in the spirit of community engagement for which it was intended and derived some real benefit at Consensus events, and we are glad for that. We got a lot of things right, but as some users began to game the system in ways that were misaligned with our goals, we were constrained in our ability to curb such misuse.
These users began transferring large amounts of DESK to "collector" wallets on-chain. Even though our terms of service prohibited trading DESK, a secondary market nevertheless emerged where people were trading it, thus assigning it a value which we never intended it to have. DESK became a tool that we no longer fully controlled. This is a risk with blockchain and decentralization. Ultimately we made the determination that the product, as built, wasn't serving us and our community effectively.
We're leaving the door open to relaunching DESK or something similar in the future. In the meantime, if you are a DESK holder, thank you for participating in this journey with us. If you have questions, please contact [email protected].
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Michael Saylor's Strategy Hangs on to Spot in Nasdaq 100 Index
The annual Nasdaq 100 rebalance saw six companies dropped and three new additions, with changes taking effect on December 22, but bitcoin treasury company Strategy hung onto its spot.
What to know:
- Strategy (MSTR) will remain in the Nasdaq 100 index despite a major reshuffle, which saw several household names dropped.
- The firm's business model, which involves stockpiling bitcoin, has drawn criticism from analysts and index providers, with MSCI considering excluding crypto treasury companies from its benchmarks.
- The Nasdaq 100 rebalance saw six companies dropped and three new additions, with changes taking effect on December 22, but Strategy's bitcoin-heavy strategy secured its spot.
Top Stories
