[ANN] [NO ICO] Deluge Network - Contribute your BTC to any ICO without exchange

[DelugeNetwork]

The value of Bitcoin with the speed and power of Ethereum.

Introducing: Deluge Network

What we are:
Deluge Network is the first service to allow users to directly contribute Bitcoin to an ICO without an exchange. Transaction times and fees will be minimal, and the transaction will be as simple as identifying an ICO's address and sending Bitcoin using Deluge wallet software. Users can also receive Deluge Bitcoin Token (DBTC) directly back to their wallet if a simple conversion is preferred.

In essence, Deluge Network enables Bitcoin to act as if it is moving on the Ethereum blockchain.

Unlike exchanges, Deluge Network will be inexpensive, direct, and extremely fast. It will give Bitcoin holders a clear, private, and easy path to contribute to ICOs or exchange Bitcoin to ERC20 without using an exchange.

How does it work?

• Deluge Network will enable Bitcoin to act as if it is moving on the Ethereum blockchain by fully backing the Deluge Bitcoin Token (DBTC) with an equal amount of Bitcoin (BTC). This will allow fast and easy conversion both to and from Bitcoin.
• To use Deluge Network to turn Bitcoin into DBTC, users will send Bitcoins using Deluge wallet software. The Deluge wallet software will send a receipt to the Deluge smart contract on Ethereum. The Deluge smart contract will verify the receipt and mint DBTC into the user’s Deluge wallet.
• To contribute directly to an ICO, users will designate the ICO’s address using the Deluge wallet software so that the DBTC can be contributed once converted.
• In reverse (DBTC to BTC), the user will use the Deluge wallet software to initiate a burn of the DBTC. The Deluge smart contract will send a notification of the burn, along with some data, to a network of validators. If a sufficient number of validators confirm, a transaction for the appropriate number of Bitcoins will be executed.

Full technical details coming very soon. Join our Discord and Twitter communities to receive updates first.

Deluge Network will not hold an ICO. DBTC will be minted on demand.

MEET DELUGE: VIDEO

Watch: https://www.youtube.com/watch?v=eFmHw3oAdck&feature=youtu.be


Important links:

• Website: http://delugenetwork.io
• Development roadmap: http://delugenetwork.io/#schedule
• Twitter: http://twitter.com/DelugeToken
• Medium: https://medium.com/@DelugeToken
  

Press:

• BLOG: Introducing Deluge Network - https://medium.com/p/introducing-deluge-network-208dc89770c3
• CoinSpectator: https://coinspectator.com/news/157787/peter-vessenes-announces-deluge-network-to-support-a-safe-and-direct-way-to-contribute-bitcoin-directly-to-icos
• BTCoin.info: https://btcoin.info/peter-vessenes-announces-deluge-network-to-support-a-safe-and-direct-way-to-contribute-bitcoin-directly-to-icos/
• Venture Canvas: http://www.venturecanvas.com/2017/12/05/peter-vessenes-announces-deluge-network-to-support-a-safe-and-direct-way-to-contribute-bitcoin-directly-to-icos-venturecanvas/
• CryptInfo: http://cryptinfo.net/peter-vessenes-announces-deluge-network-to-support-a-safe-and-direct-way-to-contribute-bitcoin-directly-to-icos/
• TechBriefing: http://techbriefing.net/modules.php?op=modload&name=News&file=article&sid=419604

Thank you for your feedback and interest. We will continue to update this post as this discussion and our project evolves, and we invite you to join us on this journey. Give us your thoughts below.

Join our Discord to get our updates first: http://discord.gg/Rtrzsge

[DelugeNetwork]

We've just updated this post with press links and will continue to do so as more come about. Thanks for reading!

[Renegade1979]

You will have to put money to the exchange in case you wanna trade stuff and it's like banks too. And they take fees. So there's too many worries about e-wallets that are not needed as long as you keep btc at Poloniex. You will withdraw it to dollar anyway so what's the point of any e-wallet anyway?

[DelugeNetwork]

You will have to put money to the exchange in case you wanna trade stuff and it's like banks too. And they take fees. So there's too many worries about e-wallets that are not needed as long as you keep btc at Poloniex. You will withdraw it to dollar anyway so what's the point of any e-wallet anyway?

Thank you for your comment Renegade1979. With Deluge, you don’t need to withdraw anything to dollar. With our patent-pending technology, you can use the value of your Bitcoin directly onto the Ethereum network and vice versa. This speeds up the exchange process considerably as compared to an exchange like Poloniex. The wallet simply provides an user friendly UX that you can use to send Bitcoin, to say, an ICO smart contract on Ethereum.

While this conversion will cost you about 12-24 hours and 2 sets of transaction fees on an exchange, Deluge will do this in about an hour with only a small trx fees.

Please let us know if you have additional questions. We'll be happy to answer them. Also, you can get quicker responses on our Discord: discord.gg/Rtrzsge

[luguang]

how much do you reduce the fee of sending bitcoins compared to the traditional way? How about time? thanks

[DelugeNetwork]

how much do you reduce the fee of sending bitcoins compared to the traditional way? How about time? thanks

Hi Lugang, thanks for your question.

Our policy is to wait 6 blocks to ensure chain is hardened before validating the Bitcoins are sent to a pay-to-script hash as a *deposit*.  Currently, transaction fees should be part of the bitcoin network.

[darwinbravais]

Where can I find ur wp?

[DelugeNetwork]

Where can I find ur wp?

Where can I find ur wp?

Thanks for your Q darwinbravais. We are wrapping up our WP right now as we finish off some key details before we debut. You?ll be one of the first to know about it if you follow this post or our Discord.

Also, we just published our first Medium post: https://medium.com/p/introducing-deluge-network-208dc89770c3

Thanks for your interest! We’ll be posting a ton more this week as more content and press comes out.

-DN

[DelugeNetwork]

Hi everyone. Is there interest in Airdrop, Bounty, or related activities? If so, message here, and PM us if you'd like to help. Thanks.

[DelugeNetwork]

Here's a brand new video we made for you to introduce who we are, why we're building, and how we'll help the crypto community.

Watch "MEET DELUGE" [2:41] https://www.youtube.com/watch?v=eFmHw3oAdck&feature=youtu.be