Title: DUNE NETWORK Post by: hopenotlate on October 04, 2019, 09:02:08 AM Given that am not involved in any way with Dune project, decided to create this topic because I found myself derailing Tezos official ann thread and don't want to repeat this behaviour again.
In short words, from my understanding, Dune is a fork 1:1 of Tezos network meaning at Tezos block height 600,000, occurred on September 9, 2019, every Tezos holder was airdropped Dune tokens at 1:1 ratio. Am not a tech savvy so I might be incorrect in defining it a fork: they refer themselves as " a novel platform for distributed applications... started with its own genesis block on June 24, 2019... uses an extended version of Tezos' open-source software" on their main site. Anyway here are some useful links for the ones who wants to look deeper into Dune Network project: Website: https://dune.network Explorer: https://dunscan.io FAQ's: https://dune.network/faq.html Guides: https://dune.network/docs/ Discord: https://discordapp.com/invite/JBUGqFg Community trading channel: Telegram: https://t.me/dune_network edit : updated with the new telegram OTC trader group. Going to lock this thread after this edit as I think it's better every comment/traffic are kept in main thread : https://bitcointalk.org/index.php?topic=5205855.0 Title: Re: DUNE NETWORK Post by: Qunenin on October 05, 2019, 08:11:58 AM Given that am not involved in any way with Dune project, decided to create this topic because I found myself derailing Tezos official ann thread and don't want to repeat this behaviour again. In short words, from my understanding, Dune is a fork 1:1 of Tezos network meaning at Tezos block height 600,000, occurred on June 24, 2019, every Tezos holder was airdropped Dune tokens at 1:1 ratio. Am not a tech savvy so I might be incorrect in defining it a fork: they refer themselves as " a novel platform for distributed applications... started with its own genesis block on June 24, 2019... uses an extended version of Tezos' open-source software" on their main site. Anyway here are some useful links for the ones who wants to look deeper into Dune Network project: Website: https://dune.network Explorer: https://dunscan.io FAQ's: https://dune.network/faq.html Guides: https://dune.network/docs/ Discord: https://discordapp.com/invite/JBUGqFg Community trading channel: https://t.me/dun_trader Telegram: https://t.me/dune_network So does it mean that Tezos network will no longer be used or the chain be used side by side . Tezos is still on coinmarket cap https://coinmarketcap.com/currencies/tezos/ but there is no sign of dune. Title: Re: DUNE NETWORK Post by: hopenotlate on October 05, 2019, 08:42:12 AM So does it mean that Tezos network will no longer be used or the chain be used side by side . Tezos is still on coinmarket cap https://coinmarketcap.com/currencies/tezos/ but there is no sign of dune. It doesn't absolutely mean that : Tezos is stably in top 20 coins for capitalizazione on CMC , there is an ongoing and restless development, they have been listed in a growing number of exchange last of which is Binance ( whee btw they were listed for free as per Tezos project policy) and their adoption is constantly growing. Title: Re: DUNE NETWORK Post by: Qunenin on October 05, 2019, 08:45:48 AM So does it mean that Tezos network will no longer be used or the chain be used side by side . Tezos is still on coinmarket cap https://coinmarketcap.com/currencies/tezos/ but there is no sign of dune. It doesn't absolutely mean that : Tezos is stably in top 20 coins for capitalizazione on CMC , there is an ongoing and restless development, they have been listed in a growing number of exchange last of which is Binance ( whee btw they were listed for free as per Tezos project policy) and their adoption is constantly growing. So what is the update on Dune regarding listing on coinmarket cap ? Why would anyone be interested in Dune when Tezos is already performing well. Title: Re: DUNE NETWORK Post by: hopenotlate on October 20, 2019, 04:50:01 PM Dune team started updating their community on a weekly basis on their Medium channel; here it is a list of all weekly articles
#Week2 (https://medium.com/@dune_network/this-week-on-dune-1c00f813a9e8) #Week3 (https://medium.com/@dune_network/this-week-on-dune-8f7e4e477d64) #Week4 (https://medium.com/@dune_network/this-week-on-dune-605c0b8ee0f9) #Week5 (https://medium.com/@dune_network/this-week-on-dune-84ad87754476) And the last one #Week6 (https://medium.com/@dune_network/this-week-on-dune-da5aac7284fe) Title: Re: DUNE NETWORK Post by: jc12345 on October 20, 2019, 07:35:37 PM I tried to find the info in the Whitepaper, but could not see it covered there. If the the Dune tokens were airdropped to Tezos holders, it means that the dev team did not get any funds. Where will the dev team get funds for development as the platform looks very complex.
Title: Re: DUNE NETWORK Post by: hopenotlate on October 20, 2019, 07:50:43 PM I tried to find the info in the Whitepaper, but could not see it covered there. If the the Dune tokens were airdropped to Tezos holders, it means that the dev team did not get any funds. Where will the dev team get funds for development as the platform looks very complex. In landing page of website linked in opening post (https://dune.network) you can find the link to their whitepaper. You are right about the fact that no ICO/IEO took place so no money collected. Cannot answer about the financial resources of the team. What I know is the team behind Dune project is a French engineering group, OcamlPro, which is the team who initially worked at Tezos development. Then they parted from Tezos Foundation for some, let's call them, misunderstandings and created Dune. Title: Re: DUNE NETWORK Post by: enhu on October 20, 2019, 08:16:10 PM Quote The Dune Network is a novel platform for distributed applications over a blockchain. Dune Network is not a hard-fork of the Tezos ledger. It started with its own genesis block on June 24, 2019, but uses an extended version of Tezos' open-source software as a basis to create a new platform with a focus on the easy development of distributed applications, thanks to multiple programming languages and communication technologies with other blockchains. Not a hard fork as said on their site. How can they fund projects if there was no ICO? Nice way to avoid SEC though. I tried to find the info in the Whitepaper, but could not see it covered there. If the the Dune tokens were airdropped to Tezos holders, it means that the dev team did not get any funds. Where will the dev team get funds for development as the platform looks very complex. Nothing was mentioned in the whitepaper but I suppose they would also have this treasury which funds will be minted from the transaction fees. Something derived from the ADA project I guess. Looks pretty big project but the link to the foundation isn't working. Title: Re: DUNE NETWORK Post by: hopenotlate on October 26, 2019, 10:38:12 AM Here is a link to last weekly Dune community update:
#Week7 (https://medium.com/dune-network/this-week-on-dune-13f249224a05) Amongst the news $DUN listed on CoinGecko (https://www.coingecko.com/en/coins/dune) Title: Re: DUNE NETWORK Post by: hopenotlate on November 04, 2019, 10:25:16 AM Another weekly update released by Dune team
https://i.postimg.cc/nzv4f7zz/week-8.jpg #Week8 (https://medium.com/@dune_network/this-week-on-dune-c499c4e35cc2) Title: Re: DUNE NETWORK Post by: hopenotlate on November 09, 2019, 04:39:17 PM Ninth weekly update from Dune team is out.
https://i.postimg.cc/h4bSXhjm/FZ-DnjcI.jpg #Week9 (https://medium.com/dune-network/this-week-on-dune-29b58d9d4792) Title: Re: DUNE NETWORK Post by: hopenotlate on November 18, 2019, 03:09:00 PM Another weekly update delivered in a timely manner:
https://i.postimg.cc/L5N6mRGd/dune.png #week10 (https://medium.com/dune-network/this-week-on-dune-5f1d483a8ba2) Title: Re: DUNE NETWORK Post by: hopenotlate on November 22, 2019, 10:45:49 AM There are rumours/fud/speculations/allegations/evidences on social medias about Dune team, or someone from dune team, dumping their $DUN on the market.
DUNE team is currently investigating what happened; in the meanwhile they removed temporarily Fabien Dureuil from his role either in Dune Network and Stairchain Capital. https://twitter.com/dune_network/status/1197542955369848836 https://i.postimg.cc/LsQd2RCn/tweet.png Title: Re: DUNE NETWORK Post by: frcat on November 26, 2019, 08:44:25 PM As I understood this is unofficial fork of Tezos? And Tezos team dont have any relation to this fork (or may be just part of former Tezos team created this token like this were with Proxima and Nem?
Title: Re: DUNE NETWORK Post by: hopenotlate on November 26, 2019, 10:54:17 PM As I understood this is unofficial fork of Tezos? And Tezos team dont have any relation to this fork (or may be just part of former Tezos team created this token like this were with Proxima and Nem? Tezos software is open source so everyone can make a copy (fork) it; wouldn't call it official fork. And no, there is no connections/relations between the two teams (apart from the leadership of OcamlPro team that was initially employed in the development of the tezos project and then decided to abandon and fork it launching Dune project) : I'd say there is a bit of rivalry between the two teams for what I can understand and that rivalry is much greater between the two communities. Anyway if you are interested in reading much more details than the ones I can provide there is a very interesting read, in my opinion, here : https://medium.com/tezoscommons/a-cautionary-tale-ocamlpro-65d692af09f8 Title: Re: DUNE NETWORK Post by: frcat on November 28, 2019, 01:08:39 PM As I understood this is unofficial fork of Tezos? And Tezos team dont have any relation to this fork (or may be just part of former Tezos team created this token like this were with Proxima and Nem? Tezos software is open source so everyone can make a copy (fork) it; wouldn't call it official fork. And no, there is no connections/relations between the two teams (apart from the leadership of OcamlPro team that was initially employed in the development of the tezos project and then decided to abandon and fork it launching Dune project) : I'd say there is a bit of rivalry between the two teams for what I can understand and that rivalry is much greater between the two communities. Anyway if you are interested in reading much more details than the ones I can provide there is a very interesting read, in my opinion, here : https://medium.com/tezoscommons/a-cautionary-tale-ocamlpro-65d692af09f8 But what sense in creating another one copy of existed coin? May be competition is good, but not when this is the same product. There are a lot of ways to create something new and useful ... Title: Re: DUNE NETWORK Post by: hopenotlate on November 29, 2019, 10:16:44 AM Dune Foundation released an official report regarding the allegations made to a member of their team, Fabien Dureuil , about not respecting the one year locking period of preallocated tokens for his personal benefit:
https://twitter.com/dune_network/status/1199643070066778112 It's a quite long reading but I think it's worth being posted here. Integral copy/paste quoted below: Quote Dune Foundation Report Possible misconduct of a team member November 27th, 2019 Abstract Last week, the Dune Foundation heard of allegations regarding one member of the Dune Network teams, Fabien Dureuil, spreading on social media. These allegations were reporting that: - the Team Member did not follow the one-year locking period for preallocated tokens and sold parts of his tokens; - the Team Member used these tokens for personal benefit. As of today, some rules appear to not have been respected by the Member of the team. This is a matter of importance for the community, but also for the Foundation. We have already taken some decisions to avoid this kind of issues in the future, like locking all pre-allocated tokens. We also identified some improvements to be implemented in the coming weeks to help the Dune Network going forward. Summary Abstract... 2 1. Introduction to the report .............................................................................. 4 2. Context ... 4 2.1. Project genesis ............................................................................... ...... 4 2.2. Project organisation ............................................................................. 5 3. Findings ... 5 3.1. One-year locking period ...................................................................... 5 3.2. Purpose of the transfers...................................................................... .. 5 4. Impact on the network ............................................................................... ... 6 4.1. The network size ............................................................................... ... 6 4.2. The low liquidity...................................................................... ............. 6 5. First decisions...................................................................... .......................... 6 5.1. Locking period ............................................................................... ...... 6 5.2. Account management .......................................................................... 6 5.3. Member exclusion...................................................................... .......... 7 6. Zaddex and DuneDex........................................................................ ............ 7 7. Areas of improvement.................................................................... ............... 7 Contact ... 8 1. Introduction to the report As soon as they became aware of the allegations on social media, the Dune Foundation members met to discuss these facts on Thursday November 21, 2019 and Friday November 22, 2019. During a meeting held on Monday November 25, 2019, the Dune Foundation, which took these allegations seriously, decided to issue this report. Transparency is one of the main features of a public blockchain, through which everyone is able to monitor transactions made on the network. Since Dune Network is a public blockchain, anyone can inspect any transaction made on the network. Thus, any potential misconduct may raise questions. The Dune Foundation’s first role is to develop Dune Network, to protect its independence and to protect its community. Therefore, the responsibility of the Dune Foundation is to address any concern, by bringing forward the appropriate information to the community. The redaction of the report is within the competence of the Dune Foundation. This report’s purpose is to disclose the findings of the internal investigation, to evidence the potential failures of the different stakeholders and to suggest improvements in the Dune Network’s governance. 2. Context 2.1. Project genesis To offer a good and comprehensive picture before going through these elements, it appears useful to give some context: the Dune Network project was initially created by Starchain Capital, an investment fund in the blockchain ecosystem, and Origin Labs, a blockchain software company. The project was funded by selling 5% of the tokens to private investors, and the funds, collected by the Dune Foundation, were used (1) to develop the software and infrastructure and (2) to develop the ecosystem. The Foundation, together with Origin Labs and Starchain Capital, decided not to conduct any ICO to collect funds. Tokens of the Dune Network (DUN) were airdropped, for free, to each Tezos account, according to its stake in the network. The Foundation’s goal has always been to create long lasting value, instead of collecting funds from the public. As an incentive, and a possible future reward for their contribution to the project, the development team (Origin Labs) and the funding team (Starchain) both received pre-allocated tokens. When mentioning this pre-allocation, the Whitepaper states that "The tokens allocated to the Development and Business teams are contractually locked until September 2020." Though Origin Labs is mostly focused on Dune Network, Starchain Capital follows an independent activity from Dune Network, with investments in many projects not related to Dune Network. 2.2. Project organisation The project is managed by the Dune Foundation. The Dune Foundation president is Fabrice Le Fessant and the co-president is Cyril Paglino. The Dune Foundation works closely with Origin Labs and Starchain Capital, each contributing its own expertise to develop the project. Each team remains independent and the Foundation’s role is to coordinate the work. This work breakdown may have led to miscomprehension and, therefore, to the facts denounced on the social media. 3. Findings 3.1. One-year locking period The first allegation was that the Team Member, Fabien Dureuil, did not obey the one-year locking period for pre-allocated tokens. Indeed, it happens that the contract and statement in the white-paper are ambiguous. When receiving their pre-allocated tokens, Starchain Capital decided to keep an account of 8 million DUN (1% of the total supply) unallocated to any of its team members, and to use it to help and incentivize projects in the ecosystem. Compared to other blockchain projects funded through huge ICOs, the Dune Foundation received very little initial funding, it is actually a good initiative by a founding partner to use a part of their pre-allocated tokens to support the ecosystem, in the limit that the usage of these tokens can be checked and confirmed in the sole benefit of the project. However, this early use of these tokens independently of the Dune Foundation raises a doubt on the locking period for the rest of the pre-allocated tokens. We can affirm without any doubt that the other founders of the project, either the engineering team or the business team fully control their pre-allocated tokens, and that they didn’t sell them or transfer them to a third party. 3.2. Purpose of the transfers The second allegation was that the Team Member sold the pre-allocated tokens for personal benefit. We reviewed all the transfers done from the 8 million DUNs account (KT1NwrTJhKZ6GB8Sq4Dx3cbaM1WPJJRniYGz) by the Team Member on behalf of Starchain Capital. We found the following elements from the provided explanations: • The account still holds 1.8 million DUNs unspent; • 3 million DUNs were granted to important contributors in the ecosystem (start-ups, bakers, external and internal collaborators); • 1.5 million DUNs were sold to projects in the ecosystem, for a value of 36kUSD, i.e. 0.024 USD per token. The received money/token were used to pay internal contributors and external contributors/developments to the project; • For 1.8 million transferred DUNs, the Team Member has not provided any details yet. Though we expect the remaining transfers to be in the benefit of ecosystem, we could not get confirmation for the moment without additional details from the team member. For the 4 million DUNs sent from KT1NG8cE6SyBA56UGjT1LzJ6jiPr5jdWuYJc, the destination address belongs to the team: it’s one of the bakers set up for investors’ tokens. 4. Impact on the network The financial impact of the above-mentioned transactions is expected to be marginal for various reasons. 4.1. The network size The network is live since September 11, 2019. The circulating supply, to date, is 811.7 million DUNs. The unexplained transactions represent a volume of 1.8 million DUNs, and the project financing transactions account for 1.5 million DUNs, respectively 0.22% and 0.18% of the total volume. 4.2. The low liquidity We want Dune Network to be valuable before the DUNs being evaluated and sold. The current low liquidity prevents both a pump and a dump, since there are difficulties to trade important volumes of DUNs at the moment. 5. First decisions 5.1. Locking period As a consequence, and as announced in a previous statement, the Dune Foundation has decided to lock all remaining pre-allocated tokens within smart-contracts on the blockchain, vested progressively over a period of 4 years. This operation should happen within the next weeks, the time to write, review and deploy the smart contracts. We will publish a list of the locked addresses and the corresponding balances, allowing everyone to audit the smart contracts and to verify that we comply with our commitments. The tokens belonging to the Foundation will not be locked, as their role is to support the ecosystem. 5.2. Account management The Team Member’s actions were made possible by a lack of control on the preallocated token accounts by the Foundation. We are currently working on a collegial decision-making process to ensure the tokens allocated to the Dune Foundation will be spent with the sole purpose of developing the project and its ecosystem. 5.3. Member exclusion The Dune Foundation has decided not to collaborate anymore with the Team Member who initiated these transactions, without proper accounting and coordination. 6. Zaddex and DuneDex In addition to the allegations made on social media, the Dune Foundation also got some details regarding Zaddex and DuneDex. The first one is a former project of the Team Member. The second one is also led and negotiated by the Team Member on behalf of his own company. For the Dune Foundation, the Team Member used the image of the Dune Network to advertise for unrelated projects like Zaddex buyback. The Dune Foundation is not affiliated in any way to Zaddex project or promises made by this Team Member. The Dune Foundation does not support Zaddex, either technically or financially, and has not taken any decision yet concerning the possibility to create a decentralized exchange on Dune Network. Any eventual connection between Zaddex and DuneDex has been solely decided by the Team Member without discussing it with the Dune Foundation or with the teams working on the Dune Network project. 7. Areas of improvement According to our findings, there are ways to improve the project’s governance. Solely relying on the blockchain as a trust space is not enough because conducting a real business requires more than trust. We need to implement compliance processes. Our contract management should also be improved. We will hire the necessary advisors and staff to perform a legal due diligence and improve the legal framework of the network, since it appears that the Whitepaper wasn’t as clear as we wanted it to be. We will come back in the next weeks to let the community know of the decisions that have been taken to improve the governance and the transparency of the Dune Network. In Paris, November 27th, 2019 Dune Foundation By Fabrice Le Fessant, its President Contact Fabrice Le Fessant President of the Dune Foundation contact@dune.network Title: Re: DUNE NETWORK Post by: Dune_Network on November 30, 2019, 05:37:48 PM Hi Hopenotlate!
Many thanks for this thread, as requested here is a link to our new official Ann :) ! https://bitcointalk.org/index.php?topic=5205855.msg53223521#msg53223521 Title: Re: DUNE NETWORK Post by: hopenotlate on December 03, 2019, 10:06:54 AM With the new week here is the consequent weekly update.
https://i.postimg.cc/mrh2VyFp/week13.jpg #Week13 (https://medium.com/dune-network/this-week-on-dune-35110de16ea8?) Title: Re: DUNE NETWORK Post by: mez on March 27, 2020, 11:16:38 PM nice, cool project! where can i buy coins?
Title: Re: DUNE NETWORK Post by: TwenteBaking on March 27, 2020, 11:17:54 PM Looking for a Dune delegation service??
http://bake.twentemining.nl still has a lot of space and a solid track record when it comes to baking and paying! Right now TwenteBaking has an effective efficiency of ~101.5%! 7.5% Fee 100%++ Efficiency Never missed a bake, endorsement or payout! No freeze period. Instant, automated payouts https://dunscan.io/dn3N3iH6bgDDje5SMikTWu1AeHRVXExynNqX ```dn3N3iH6bgDDje5SMikTWu1AeHRVXExynNqX``` IF YOU DELEGATED to TwenteBaking BEFORE 08-02-2020, Please Move you delegation over to the new address. Check the website for information Title: Re: DUNE NETWORK Post by: estenity on March 28, 2020, 01:18:00 AM seems that a part of this thread has disappeared between december and yesterday.
Title: Re: DUNE NETWORK Post by: TwenteBaking on March 29, 2020, 02:58:03 PM seems that a part of this thread has disappeared between december and yesterday. what's missing? maybe its on page 1? Title: Re: DUNE NETWORK Post by: estenity on March 29, 2020, 03:14:47 PM seems that a part of this thread has disappeared between december and yesterday. what's missing? maybe its on page 1? Title: Re: DUNE NETWORK Post by: TwenteBaking on March 29, 2020, 03:58:33 PM I wasn't aware.
I added the current state to the Internet Archive - Wayback Machine. So in the future we'll know ;) Title: Re: DUNE NETWORK Post by: hopenotlate on March 29, 2020, 04:01:30 PM seems that a part of this thread has disappeared between december and yesterday. what's missing? maybe its on page 1? hehehe hey there bud, I guess you are mixing this thread, I created long ago because there wasn't a Dune thread on this forum yet, with the official one https://bitcointalk.org/index.php?topic=5205855.0 created in a latter time by an official ( I think) Dune team representative. If it's the case just let me know and I will manage to close this one to avoid further confusion. Title: Re: DUNE NETWORK Post by: hopenotlate on March 29, 2020, 04:03:40 PM Looking for a Dune delegation service?? http://bake.twentemining.nl still has a lot of space and a solid track record when it comes to baking and paying! Right now TwenteBaking has an effective efficiency of ~101.5%! 7.5% Fee 100%++ Efficiency Never missed a bake, endorsement or payout! No freeze period. Instant, automated payouts https://dunscan.io/dn3N3iH6bgDDje5SMikTWu1AeHRVXExynNqX ```dn3N3iH6bgDDje5SMikTWu1AeHRVXExynNqX``` IF YOU DELEGATED to TwenteBaking BEFORE 08-02-2020, Please Move you delegation over to the new address. Check the website for information This is not official Dune thread, maybe you should better post your announcement on official thread https://bitcointalk.org/index.php?topic=5205855.msg53223521#msg53223521 Title: Re: DUNE NETWORK Post by: hopenotlate on May 06, 2020, 08:58:16 AM Going to lock this thread after OP edit as I think it's better every comment/traffic being kept in official thread :
https://bitcointalk.org/index.php?topic=5205855.0 |