there are many projects already targeting privacy like DASH, XMR but no one compare with Komodo. How is DUSK differentiate for compete with KOMODO platform?
I am not really familiar with Komodo, if you could provide me with their specifics I will be able to differentiate us  |
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Our previous hardcap was 7.8M but we decided to increase it due to overwhelming interest and because we were advised to do so by our advisors and partners. With this increase we will be able to get more value-adding contributors onboard, have more liquidity, which is more resilient to unforeseen events, and use these additional funds to add more value to the project and its goals. We were also able to sign a partnership with Bitfinex because of this  |
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After the private is conducted we will deploy a smart contract which will vest allocations second by second. What this means in practice is that at any point a token investor wanted to release their tokens, they can make a call on the smart contract and then will have access to the total number of tokens that will have vested at that second. As an example: after the lockup, tokens will be vested over 31,536,000 seconds (365 days x 24 hours x 60 minutes x 60 seconds). If they did it at exactly 6 months, they would receive half. If they did it at 1 day, then 10 days, then 57 days, and then every 3 weeks; they would receive the relevant whole tokens (rounded down) at each specific second. So imagine you purchased 1,000,000 tokens and want to withdraw the first second;1,000,000 (total allocation) / 31,536,000 (total seconds in a year) * 1 = 0.032 DUSK So imagine you purchased 1,000,000 tokens and want to withdraw after a week;1,000,000 (total allocation) / 31,536,000 (total seconds in a year) * 604,800 (total seconds in a week) = 19,178.08 DUSK So imagine you purchased 1,000,000 tokens and want to withdraw after a month;1,000,000 (total allocation) / 31,536,000 (total seconds in a year) * 2,628,000 (total seconds in a month) = 83,333.33 DUSK So imagine you purchased 1,000,000 tokens and want to withdraw after 9 months;1,000,000 (total allocation) / 31,536,000 (total seconds in a year) * 23,652,000 (total seconds in 9 months) = 750,000 DUSK I hope this clearifies it! If you have any more questions, feel free to ask That is, if you buy a million tokens and withdraw them in a month, you will get a little more than 80 thousand tokens. And the rest of the tokens will never be withdrawn. Then no one will want to buy a million, and take less, therefore all tokens will be frozen for one year. Right? You can make a call to the contract any time you want and as many times as you want. |
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Looks like i have backed the right horse. Thank you for the update. I wish i could promote you more. I might even wear your signature for free  I think we're planning to have some sort of bounty program later on but we're still looking into it! Your support is greatly appreciated |
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So Bitfinex will list Dusk for free and they even invested in them? This was hinted at in one of their articles. " Conclude agreements with one of the world’s leading exchanges, who we will now be able to accommodate as a private sale contributor and partner as well as secure a free listing." Source; https://medium.com/dusk-network/dusk-network-sale-update-6bcbeeef0b1fNice news, i can say there are not going to be much problems to reach the soft cap now. This also gives more legitimacy to the project if anybody had any doubt, as you can never be sure these days  Your support is greatly appreciated! We had already reached the softcap some time ago |
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This is amazing news guys! Been following this project for a while and the #announcementofannouncement was definitely well placed here congratulations! One question though; what does a partnership with Bitfinex mean besides the free listing + investment?
More information about that will be released very soon! Stay tuned |
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So Bitfinex will list Dusk for free and they even invested in them? This was hinted at in one of their articles. " Conclude agreements with one of the world’s leading exchanges, who we will now be able to accommodate as a private sale contributor and partner as well as secure a free listing." Source; https://medium.com/dusk-network/dusk-network-sale-update-6bcbeeef0b1fThat's correct! |
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Wow, thanks for sharing, tell me where this event takes place? Live performances help to better understand the concept of the project. This is live in London at the Bitfinex conference! |
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Damn you guys are teasing me... what time is the announcement? I might set up my twitter alarms for your account today... In about 3-3.5 hours I reckon. |
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That's not correct. Any investor will be able to withdraw from the contract at any time. However the contract will only release a certain amount of tokens at a time proportional to the total amount. So if you purchased 1,000,000 tokens you'l be able to withdraw 500,000 of them after 6 months. Only the team has a lockup period of 12 months and after that they'll be subject to the Second-by-Second vesting contract.
Also, I do not quite understand this point: the remaining 500,000 tokens can be withdraw only after a year? After the private is conducted we will deploy a smart contract which will vest allocations second by second. What this means in practice is that at any point a token investor wanted to release their tokens, they can make a call on the smart contract and then will have access to the total number of tokens that will have vested at that second. As an example: after the lockup, tokens will be vested over 31,536,000 seconds (365 days x 24 hours x 60 minutes x 60 seconds). If they did it at exactly 6 months, they would receive half. If they did it at 1 day, then 10 days, then 57 days, and then every 3 weeks; they would receive the relevant whole tokens (rounded down) at each specific second. So imagine you purchased 1,000,000 tokens and want to withdraw the first second;1,000,000 (total allocation) / 31,536,000 (total seconds in a year) * 1 = 0.032 DUSK So imagine you purchased 1,000,000 tokens and want to withdraw after a week;1,000,000 (total allocation) / 31,536,000 (total seconds in a year) * 604,800 (total seconds in a week) = 19,178.08 DUSK So imagine you purchased 1,000,000 tokens and want to withdraw after a month;1,000,000 (total allocation) / 31,536,000 (total seconds in a year) * 2,628,000 (total seconds in a month) = 83,333.33 DUSK So imagine you purchased 1,000,000 tokens and want to withdraw after 9 months;1,000,000 (total allocation) / 31,536,000 (total seconds in a year) * 23,652,000 (total seconds in 9 months) = 750,000 DUSK I hope this clearifies it! If you have any more questions, feel free to ask |
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That's indeed a very nice review, great find! |
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For us the BVC is the partner that will enable DUSK to trade on the best US exchanges.
Finally, the BVC will help Dusk Network get a foot on the ground in the USA’s regulatory space. Dusk Network’s STO Incubator will initially focus on well understood local jurisdictions, but will inevitably tackle the USA’s securities space. A local partner will be a requirement to prevent a difficult process becoming impossible.
So they are actually going to do it. Trade as DUSK as securities on US exchanges. Will it be the first security token to be allowed? Does anyone know what is the legal status of Polymath, another security token?
I don't know about Polymath, but the part you quoted above is going to be quite significant if they manage to be accepted, even if it doesn't mean Dusk it's necessarily a security, maybe the team can clarify this. DUSK is not a security because it presents a protocol-regulated inflationary mechanism and provides no profit or dividends whatsoever. It absolves the same role of Ether in the Ethereum ecosystem. |
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well, good news the soft cap has been reached, so the tokens bought by investors in the private sale will be blocked for a year and then they will can be unlocked through smart contract, personally it seems a little long block...
That's not correct. Any investor will be able to withdraw from the contract at any time. However the contract will only release a certain amount of tokens at a time proportional to the total amount. So if you purchased 1,000,000 tokens you'l be able to withdraw 500,000 of them after 6 months. Only the team has a lockup period of 12 months and after that they'll be subject to the Second-by-Second vesting contract. |
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So this week the big announcement regarding the exchange will be released?
That's correct |
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After the private is conducted we will deploy a smart contract which will vest allocations second by second. What this means in practice is that at any point a token investor wanted to release their tokens, they can make a call on the smart contract and then will have access to the total number of tokens that will have vested at that second. As an example: after the lockup, tokens will be vested over 31,536,000 seconds (365 days x 24 hours x 60 minutes x 60 seconds). If they did it at exactly 6 months, they would receive half. If they did it at 1 day, then 10 days, then 57 days, and then every 3 weeks; they would receive the relevant whole tokens (rounded down) at each specific second. More information on the ending of the privatesale will follow soon. The softcap has been reached That is, tokens can actually be taken away completely in a year? Does this mean that there will be swap tokens for coins only after this moment? Basically we foresee plenty of options to migrate the vesting to the mainnet currency after the token swap moment, so that we do not have to continue vesting an ERC20 for x months after it's no longer relevant, we also foresee we can do this without impacting any privacy or disclosing user info. |
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