DASH · a mined coin whose reward steps down every year, and a treasury that only creates what it actually spends.

Mining created 86.7K DASH over 90 days across 49,334 blocks we counted rather than assumed — the chain ran a 2.627 minute block, slower than its own 2.5 minute target. The reward stepped down 7.14% at block 2,522,881 on Aug 16 2026, so the same 90 days from here mints about 81.1K.

Dash launched in 2014 with no sale and no investor allocation. There is no vesting contract, no cliff and no locked tranche anywhere in the design — the block reward is the only way a DASH can be created, so this row is read from the protocol itself and not from any unlock calendar.

No public evidence of release in window — monitored. The DAO treasury holds nothing: its 20% share of the reward stays uncreated until proposals pass, and 215 DASH of unclaimed budget across the last three months was simply never minted. The development company and the investment foundation publish no wallet, and their funding is already counted in row 5 the moment it is created.

There is no estate, no trustee and no court-ordered distribution attached to DASH.

Three monthly superblocks paid 7,276 on Jun 22 2026, 7,227 on Jul 22 2026 and 6,817 on Aug 21 2026 — 21.3K against a ceiling of 21.5K, so 99.00% of what could have been created actually was. The rest was never minted, because this treasury creates nothing it does not spend.

Dash has never run a buyback. The treasury spends its budget on development and marketing proposals and cannot buy DASH with it, because the budget is minted straight to the proposal owner rather than held as cash.

Transaction fees are handed to miners and masternodes in full — nothing is destroyed by ordinary use. The one exception is the 1 DASH fee charged to submit a governance proposal, worth roughly 60 to 120 DASH a quarter, which is too small to register against a 12.82M float.

No public evidence of release in window — monitored. No wallet address or dated purchase could be confirmed from a primary source, so no figure is claimed here.

Masternode collateral is custody, not a lock: 1,000 DASH a node (4,000 for a Platform node) sits in an ordinary output the owner can spend at any moment, with no maturity and no penalty, and it is already inside the circulating figure this page divides by. It is growing, not draining — 3.99M DASH of registered collateral on Jul 3 2026 against 4.04M on Aug 25 2026 — but a position that can leave at will is a delay, not a lock, so nothing is booked here.

Part of every block reward is paid to a keyless output and credited to the second-chain pool, where the coins are unspendable on the main chain until someone withdraws them. The pool grew from 25.0K to 29.9K over 90 days — a net 4.9K taken off the main chain after most of the inflow had already flowed back out.