There are sto's on ethereum too. Ethereum doesn't limit anything they are ico or sto or just shitcoin. But being on ethereum chain doesn't give any confidence to users, you can make your own token in seconds very cheap. I think dusk network also trying to build this trust. Like this:
"Oh, it is on dusk network. That can't be bad or scam."
I am not sure how DUSK can limit someone from creating a token on its platform. How would anyone know beforehand that some token will be shit? AML/KYC registration is build into the blockchain. |
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DUSK is a security token and it can be used to launch other tokens as ethereum does? Please correct me if I am wrong.
Dusk Network's native token DUSK is a utility token. |
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Dusk Network is the only security token proposition in the market that takes care of everything on-chain, meaning it is the only proposition that is automated and scalable, thus allowing for a DEX.
Hi team, is your project is an STO (Secure Token Offering)? If yes, you can get listed on STOAnalytics STO listDusk Network is a protocol which can be used to launch security token offerings  |
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You have partnership with Switcheo exchange? So this will be NEP5 tokens before maiinet? Not erc20? Or what goal in this collaboration?
Dusk Network is the only security token proposition in the market that takes care of everything on-chain, meaning it is the only proposition that is automated and scalable, thus allowing for a DEX. Ivan's experience with the Switcheo NEP-5 DEX will be crucial in developing a great DEX for DUSK's privacy driven security token standard XST. He knows firsthand what the limitations of the NEO VM were for Switcheo, and having Ivan on board early ensures the Dusk VM will be perfectly aligned with a DEX future. We will not only strategically work together to build Dusk's Core in the best possible way, but also explore the possibilities of Switcheo to develop a DEX on top of Dusk. |
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How is the development progress and marketing result so far? Are you planning to make weekly news later like some other projects?
Very likely we will. Currently our development team is working hard on delivering the Devnet by the end of 2018. Meanwhile the other key figures in Dusk Network are all over the world trying to bring Dusk to the masses. We have received overwhelming response everywhere we have presented. As for marketing, everything is being set up right now. Besides that our sale is coming to a close so expect an increase in marketing soon! |
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Would DUSK Network implement features such as enabling smart contracts same as Ethereum?
Not initially but we are definitely planning to implement them later on! |
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How will you do the token swap, i mean how simple it will be? And since you have partnered with ethfinex, would it be too far fetched to think that they could do the swap by moving those tokens to bitfinex?
Token swap will be at Q2 2019 and I guess it will be so simple. There are ways to do it instead of making the complex swap procedure. Quite good there is not so much time to wait to have the network functioning then, at least for what concern basic functions. We will actually release the Devnet before 2019, with the testnet planned for Q1 2019. |
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How will you do the token swap, i mean how simple it will be? And since you have partnered with ethfinex, would it be too far fetched to think that they could do the swap by moving those tokens to bitfinex?
The exact details of the swap will be announced later but will most likely happen the traditional way (snapshots, new wallet etc). Yes, they will be listed on Bitfinex! |
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Ivan On Tech x Emanuele & JelleWhat is Dusk Network? Dusk eliminates the middlemen in regulated markets by using cryptography to implement privacy and trading restrictions on chain. This means we offer Security Tokenization that is private, scalable, and cheap.How to learn more about Dusk NetworkThe Dusk Network is a project coordinated by the Dusk Foundation. We are a decentralized ecosystem entirely focused on providing the perfect trade-off between privacy and transparency. Dusk protects privacy and fits regulations in payments, communications and asset transfers. Please consider joining us at the following media:
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The tokens will be unlocked AFTER Dec 1st but the vesting contract will be initiated on Dec 1st.
So the 1 year period starts on December 1st as well. It will be interesting to see how people react to the the vesting mechanism. That's correct!  |
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As i see tokens distibution on ETHFinex will starts tomorrow? Tokens will be locked or trading on exchanges right after distribution?
The vesting contract will be started on Dec 1st and trading will be enabled soon after. Ypu mean tokens will be unloked after December 1st or just distributed on 1st December? Tokens will be trading on ETHFinex exchange only or you have some agreement with other good exchanges as well? The tokens will be unlocked AFTER Dec 1st but the vesting contract will be initiated on Dec 1st. |
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As i see tokens distibution on ETHFinex will starts tomorrow? Tokens will be locked or trading on exchanges right after distribution?
The vesting contract will be started on Dec 1st and trading will be enabled soon after. |
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I am kinda amazed that the mainnet would be live on q2 2019 already if the roadmap will hold, since i thought that this was more or less just on the concept stage and not coded yet.
I hope they started development already because it will be hard to deliver something from scratch that fast but since this project got well accepted, i am sure they are confident that they will deliver as planed. We started development a long time ago and will launch our devnet this quarter. |
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As far as I know, ERC20 token was for Ethfinex only. Is there any announcement about distributing it to other exchanges also?
I am not sure about how Dusk Network will do it but most projects have their blockchain, first distribute erc20 tokens and then swap them. Easier solution for both party. Yeah, a lot of projects do that but in the recent posts, someone from the team mentioned that they don't wanna follow that road because they want to directly launch on their own main net rather doing the swap later. Dusk will start of as an ERC20 token and we'll swap to our native DUSK token in Q2 2019, that's when we launch our mainnet. |
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SBA⋆ foresees a few different types of actors in the network to reach consensus: - Network nodes - transactional network clients. They compete with each other by locking an arbitrary amount for the generating and proposing of new blocks. Block generation is a computationally light task and therefore running a node does not require neither specialised equipment nor storage. The intention is for normal mobile devices to be able to run as a node within the network. The non-deterministic nature of the bidding process makes it so that even nodes bidding the minimum amount of DUSK have a fair chance to win the block generation sortition lottery
- Provisioners - These are nodes that have committed a certain minimum stake to the Dusk Network and take care of more network intensive tasks such as block verification, voting, and notarization (VVN operations). These types of nodes are non-transactional
The intention is to create an economy where nodes compete for block rewards, while Provisioners earn a steady ROI. Can anyone be a provisioner if you have committed to hodl the minimum stake, or do you have to be voted to be one like in dpos? Yes anyone can, unlike DPOS. |
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Just heard about SharkPool - "will be using hash power to kill all Altcoins" , will this affect DUSK Network significantly?
SharkPool will not have any effect on Dusk Network for a following reasons; -Dusk Network does not utilize PoW -The rewards paid to Provisioners are inversely proportional to their staked amount (i.e. bigger stakes get proportionally rewarded lesser, in respect to smaller stakes) and are earned regardless of Provisioners' participation in the VVN operations. This measure is not a viable option outside of the Dusk Blockchain, where the probability to win the sortition lottery and therefore take an active part to the SBA⋆ algorithm is not associated with a reward, except the sole payment of the transaction fees. Then it makes sense for a large wallet to split a large amount into many small wallets? Or is the number of Provisioners limited? Although about this I no information not saw. SBA⋆ foresees a few different types of actors in the network to reach consensus: - Network nodes - transactional network clients. They compete with each other by locking an arbitrary amount for the generating and proposing of new blocks. Block generation is a computationally light task and therefore running a node does not require neither specialised equipment nor storage. The intention is for normal mobile devices to be able to run as a node within the network. The non-deterministic nature of the bidding process makes it so that even nodes bidding the minimum amount of DUSK have a fair chance to win the block generation sortition lottery
- Provisioners - These are nodes that have committed a certain minimum stake to the Dusk Network and take care of more network intensive tasks such as block verification, voting, and notarization (VVN operations). These types of nodes are non-transactional
The intention is to create an economy where nodes compete for block rewards, while Provisioners earn a steady ROI. |
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Where does this project have headquarter because it seems like your team is coming from different ares of the world. Did you work on some other project together before or this team really started just one year ago?
We have offices in both Rotterdam(NL) and Amsterdam(NL). Dusk is a joined venture between Informance and Web3 which have worked together in the past. |
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Just heard about SharkPool - "will be using hash power to kill all Altcoins" , will this affect DUSK Network significantly?
SharkPool will not have any effect on Dusk Network for a following reasons; -Dusk Network does not utilize PoW -The rewards paid to Provisioners are inversely proportional to their staked amount (i.e. bigger stakes get proportionally rewarded lesser, in respect to smaller stakes) and are earned regardless of Provisioners' participation in the VVN operations. This measure is not a viable option outside of the Dusk Blockchain, where the probability to win the sortition lottery and therefore take an active part to the SBA⋆ algorithm is not associated with a reward, except the sole payment of the transaction fees. |
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True that regulators will not co-exist with anonymity but if by miracle they can pull this off, it might be one of the most promising token to come out this year just maybe.
We do not interfere with or aim to supplant KYC/AML or other regulatory processes. We simply allow licensed and regulated third parties to commit the outcome of these unavoidable processes to the Dusk network. They still keep a registry and whitelist of their investors, as required by regulations. In turn we use ZK cryptography to make sure that their pre-approved transactors can trade confidentially, hence avoiding price manipulation. Open transactions are not acceptable in regulated markets. Think about the consequences of moving millions on an exchange wallet. Even without selling a single asset, just by broadcasting such a tx on an open ledger you can manipulate the market and induce panic selling in a way that is completely illegal. |
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is DUSK going to deliver temporary ERC token then swap or going to release direct to platform?
An ERC20 equivalent token will be released to the market in December. We will swap them to the native token in Q2 2019. |
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