CoinDesk Mothballs DESK Reward Token Program

These users started transferring large amounts of DESK to “collector” wallets on the chain. Despite our Terms of Service prohibiting DESK trading, a secondary market has emerged where people trade it, giving it value we didn’t intend. DESK has become a tool we no longer have full control over. This is the risk of blockchain and decentralization. Ultimately, we concluded that the products being created did not effectively serve us or our community.