[ANN] Silk Network: DarkSilk(DSLK) ICO

[ICOcountdown.com]

DarkSilk added to http://icocountdown.com never miss a crowdsale again!

[SilkNetwork]

Instant Transactions  •  Decentralized Marketplace  •  Anonymous Digital Cash  •  Multisig  •  Watch-only Addresses

JOIN US IN THE MAIN THREAD WHERE YOU CAN FIND THE OP AND MORE INFO!

---DarkSilk(DSLK) ICO---

Time Period: 10PM EST Friday 23rd September - 10PM EST Sunday 23rd October

DARKSILK(DSLK) LAUNCHES ON THE 5TH OF NOVEMBER 2016

To fund further development and innovation by the Silk Network team, there will be a four week long crowdfunding campaign held on Weaver.

Out of a total 4,000,000 DarkSilk(DSLK) initial fund, there will potentially be 1,528,000 available for sale and the price will not be set (fixed).

Instead, the week with the most demand sets the price (volatility sets price) for the whole of the ICO:

MAX(PRICEWEEK(N) ([AMOUNT] BTC x 4 / 1,528,000 DSLK))

After 4 weeks, price is established and for the amount of BTC that has been raised by an investor, DSLK will be issued through Weaver. There will be a minimum and maximum allowable price:

MIN PRICE: 0.25 USD (Capped)

MAX PRICE: 2.50 USD (Capped)

We set these upper and lower limits to protect both the project against low demand

and investors against high demand to take the following two extreme scenarios into consideration.

Insufficient Demand

Price is set at USD 0.25 and a lot of DSLK will remain as collateral in Weaver.

This protects the project in case market value is negatively disproportionate to our estimated value.

Excess Demand

Price is set at USD 2.50 and DSLK will be sold out in Week(n), for this to happen USD 3,533,500 needs to be raised.

We want to reward early contributors, so there will be four tiers of bonuses; one for each week:

Tier 1: contributors during week one will receive a bonus of 15% more DarkSilk.

Tier 2: contributors during week two will receive a bonus of 10% more DarkSilk.

Tier 3: contributors during week three will receive a bonus of 5% more DarkSilk.

Tier 4: contributors during the last week will not receive a bonus.

How to take part:

1. Signup or Login on Weaver

2. Navigate to Main Menu->Wallet->Addresses

3. Deposit BTC to the "Bitcoin (ICO)" address

Your overview page will then update to show the Bitcoin transaction

and the balance within your Bitcoin(ICO) wallet will also reflect your deposit.

Once per hour the Bitcoin from Weaver is transferred to the 4/6 MultiSig CoPay BTC Wallet

4/6 MultiSig Address: 3P5sqo9JmUPL3Xsf3Zbb9wUi9EyCRnYPcV

ANNOUNCEMENT

Starting the 2nd week of the DarkSilk(DSLK) ICO we will be accepting Silk(SLK) payments at a 25:1 conversion rate.
Having monitored the reception of the DarkSilk(DSLK) ICO and the opening of the Silk(SLK) market on Bittrex we came to the following conclusions:

• The sell pressure in Silk(SLK) has been significant at a $0.01 rate.
• DarkSilk (DSLK) demand reaffirms a $0.25 price point.

To reduce excess Silk(SLK) liquidity on the market and to stabilise its price we will allow for Silk(SLK) payments to be made for the DarkSilk(DSLK) ICO. Greater DarkSilk(DSLK) distribution at a fair price is a welcome benefit. Silk(SLK) payments will not be eligible for bonus receivables.

The process for SLK payments will be the same as for BTC payments.

COMMUNITY INVOLVEMENT

We Want You!
Join us on slack, get involved!

Consumer privacy is an increasingly important subject in the world today. DarkSilk(DSLK) offers its user-base the ability to send digital cash anonymously and instantly. With in-wallet features such as Sandstorm and Stealth Addresses, mixing coins and secure anonymity has never been easier.

The importance of a stable economy is known to us all. The value of DarkSilk will be kept in check using a stabilisation method via Weaver. DarkSilk is balanced by an advanced algorithm that transfers high price impact and price fluctuations to Silk. This method dampens price oscillations by managing DarkSilk supply and using Silk(SLK) as a security asset.

DarkSilk utilises Stormnodes as the 2nd tier of security for the network. Stormnodes pay 0.382DSLK per reward allowing for significant ROI to be achieved. For example, a Stormnode count of 500 nodes would result in a 37.7% ROI. Stormnodes also allow users to propose and vote on budgets. Each month a budgeting block gets distributed to the highest voted proposals. The size of the budgeting block is 10,000DSLK which is a welcoming amount to those projects in need of funding.

If you have any questions, please do not hesitate to ask.

->->->DarkSilk ICO Statistics Page<-<-<-

->->->Silk Network Brochure<-<-<-

Instant Transactions  •  Decentralized Marketplace  •  Anonymous Digital Cash  •  Multisig  •  Watch-only Addresses

JOIN US IN THE MAIN THREAD WHERE YOU CAN FIND THE OP AND MORE INFO!

Silk Network White Paper

[ICOcountdown.com]

Instant Transactions  •  Decentralized Marketplace  •  Anonymous Digital Cash  •  Multisig  •  Watch-only Addresses

JOIN US IN THE MAIN THREAD WHERE YOU CAN FIND THE OP AND MORE INFO!

---DarkSilk(DSLK) ICO---

Time Period: 10PM EST Friday 23rd September - 10PM EST Sunday 23rd October

To fund further development and innovation by the Silk Network team, there will be a four week long crowdfunding campaign held on Weaver.

Out of a total 4,000,000 DarkSilk(DSLK) initial fund, there will potentially be 1,528,000 available for sale and the price will not be set (fixed).

Instead, the week with the most demand sets the price (volatility sets price) for the whole of the ICO:

MAX(PRICEWEEK(N) ([AMOUNT] BTC x 4 / 1,528,000 DSLK))

After 4 weeks, price is established and for the amount of BTC that has been raised by an investor, DSLK will be issued through Weaver. There will be a minimum and maximum allowable price:

MIN PRICE: 0.25 USD (Capped)

MAX PRICE: 2.50 USD (Capped)

We set these upper and lower limits to protect both the project against low demand

and investors against high demand to take the following two extreme scenarios into consideration.

Insufficient Demand

Price is set at USD 0.25 and a lot of DSLK will remain as collateral in Weaver.

This protects the project in case market value is negatively disproportionate to our estimated value.

Excess Demand

Price is set at USD 2.50 and DSLK will be sold out in Week(n), for this to happen USD 3,533,500 needs to be raised.

We want to reward early contributors, so there will be four tiers of bonuses; one for each week:

Tier 1: contributors during week one will receive a bonus of 15% more DarkSilk.

Tier 2: contributors during week two will receive a bonus of 10% more DarkSilk.

Tier 3: contributors during week three will receive a bonus of 5% more DarkSilk.

Tier 4: contributors during the last week will not receive a bonus.

How to take part:

1. Signup or Login on Weaver

2. Navigate to Main Menu->Wallet->Addresses

3. Deposit BTC to the "Bitcoin (ICO)" address

Your overview page will then update to show the Bitcoin transaction

and the balance within your Bitcoin(ICO) wallet will also reflect your deposit.

Once per hour the Bitcoin from Weaver is transferred to the 4/6 MultiSig CoPay BTC Wallet

4/6 MultiSig Address: 3P5sqo9JmUPL3Xsf3Zbb9wUi9EyCRnYPcV

Consumer privacy is an increasingly important subject in the world today. With DarkSilk(DSLK) the Silk Network offer its user base the ability to send digital cash anonymously and instantly. With the in in-wallet mixing feature called Sandstorm, mixing coins has never been this easy and combined with the ability to send to Stealth Addresses ensures the sender has a much higher anonymity.

The importance of a stable economy is known to us all, Silk Network finds it important to keep DarkSilk’s value in check via a stabilisation method. The method dampens price oscillations by managing DarkSilk market supply, integrating Silk(SLK) as a security asset enables Silk Network to hedge DarkSilk against steep price fluctuations.

By utilising a Stormnode network, which offers 0.382 DSLK per Stormnode reward, a significant ROI is achieved.

With a Stormnode count of 500 nodes this would result in a 37.7% yield. Stormnodes also allow users to propose and vote on budgets. Each month a super block gets distributed to the winner by vote. The size of the super block is 10,000 DSLK, a welcoming amount to those projects in need of funding.

If you have any questions, please do not hesitate to ask.

->->->DarkSilk ICO Statistics Page<-<-<-

->->->Silk Network Brochure<-<-<-

Instant Transactions  •  Decentralized Marketplace  •  Anonymous Digital Cash  •  Multisig  •  Watch-only Addresses

JOIN US IN THE MAIN THREAD WHERE YOU CAN FIND THE OP AND MORE INFO!

Silk Network White Paper

Everyone should check out the whitepaper for this project.

[SilkNetwork]

The ICO stat/info page has been updated - https://silknetwork.org/darksilk/ico

[OrsonJ]

One of the things I like about this compared to other recent ICOs is the fact that the development work's already been done. This isn't a case of "give us X bitcoins and in 6-12 months we'll give you Y", as far as I'm aware all the DarkSilk features mentioned in the brochure and white paper (except the price-stabilization mechanism) are good to go and will be available from launch when the ICO ends on the 5th of November. (Remember remember)

[Karartma1]

One of the things I like about this compared to other recent ICOs is the fact that the development work's already been done. This isn't a case of "give us X bitcoins and in 6-12 months we'll give you Y", as far as I'm aware all the DarkSilk features mentioned in the brochure and white paper (except the price-stabilization mechanism) are good to go and will be available from launch when the ICO ends on the 5th of November. (Remember remember)

If people would read the documentation everything would be clear. As you mention coin development has already started.
Who wants to invest in this coin should understand that they are taking part into a much larger project.

SLK is ready, DSLK is coming soon. A lot of fun will happen when they both meet.

[SilkNetwork]

We are currently updating the ICO threads OP to contain a lot more information.

Matthew is currently doing this offline and it will be put live the moment it is completed.

Hopefully this will be a lot more informative to not just people visiting for the first time but who are here already.

[hollandvan]

21.10266926 BTC
ICO Funds

Seems very potential, how long it will last? I will invest if the investment fund is small, don't want to join an overbought ico again.

[SilkNetwork]

The Silk Network Whitepaper has been updated citing all references correctly and meeting IEEE style.

https://silknetwork.org/files/whitepaper.pdf

[SilkNetwork]

21.10266926 BTC
ICO Funds

Seems very potential, how long it will last? I will invest if the investment fund is small, don't want to join an overbought ico again.

24 days and 17 hours remain.

[tiredday]

The Silk Network Whitepaper has been updated citing all references correctly and meeting IEEE style.

https://silknetwork.org/files/whitepaper.pdf

Very professional thesis, the anonymous will be an innovative right? What are the differences between dash's anon tech and monero's anon tech??

[SilkNetwork]

The Updated ICO page for DarkSilk(DSLK) and the Silk Network is now live - https://silknetwork.org/darksilk/ico
(The site still needs to be formatted for mobile/tablet. We recommend landscape viewing as a temporary "fix".)

[cebb]

I want to buy in DSLK ICO but the current price of SLK is not inspiring.

[SilkNetwork]

I want to buy in DSLK ICO but the current price of SLK is not inspiring.

The SLK price will be heavily influenced by what DSLK will bring to the table. SLK has seen a gradual buildup and currently is creating a supportline where there used to be a top. It's doing alright considering the price history, steady incline .

[chases]

 I will invest in DSLK thanks guys

[CryptoJohn]

when will drk wallet be released? I'd love to take it for a test drive before i commit btc.
even on testnet would be fine.

[ICOcountdown.com]

when will drk wallet be released? I'd love to take it for a test drive before i commit btc.
even on testnet would be fine.

It will be released on November. Maybe Spencer will leak it hehe 

I doubt it though.

[SilkNetwork]

when will drk wallet be released? I'd love to take it for a test drive before i commit btc.
even on testnet would be fine.

It will be released on November. Maybe Spencer will leak it hehe  

I doubt it though.

We would like to make one thing clear, Silk Network is a team of 8 individuals who are listed in the team section of all 3 websites:

https://silk.silknetwork.org | https://darksilk.silknetwork.org | https://www.silknetwork.org

Spencer Lievens is just one cog in the machine, it would not be and nothing would be solely his decision.

We are not called dev. We are a team. We are Silk Network.

[SilkNetwork]

ANNOUNCEMENT

Starting the 2nd week of the DarkSilk(DSLK) ICO we will be accepting Silk(SLK) payments at a 25:1 conversion rate.
Having monitored the reception of the DarkSilk(DSLK) ICO and the opening of the Silk(SLK) market on Bittrex we came to the following conclusions:

• The sell pressure in Silk(SLK) has been significant at a $0.01 rate.
• DarkSilk (DSLK) demand reaffirms a $0.25 price point.

To reduce excess Silk(SLK) liquidity on the market and to stabilise its price we will allow for Silk(SLK) payments to be made for the DarkSilk(DSLK) ICO. Greater DarkSilk(DSLK) distribution at a fair price is a welcome benefit. Silk(SLK) payments will not be eligible for bonus receivables.

The process for SLK payments will be the same as for BTC payments.


COMMUNTY INVOLVEMENT

We Want You!

Join us on slack, get involved!

[cebb]

This is great news. I would like to convert half of my SLK to DSLK.