[ANN] | DUSK Network | Privacy-oriented blockchain for Digital Securities!

[DuskNetwork]

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.

[1714503602]

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[1714503602]

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[1714503602]

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[DuskNetwork]

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.

[TheLivingcrypto]

A nice Dutch review of Dusk Network that has just been released!

If you are from Holland, Belgium or speak Dutch, check out the following link:

https://cryptobenelux.com/2018/10/21/dusk-network-ico-review/

[DuskNetwork]

A nice Dutch review of Dusk Network that has just been released!

If you are from Holland, Belgium or speak Dutch, check out the following link:

https://cryptobenelux.com/2018/10/21/dusk-network-ico-review/

That's indeed a very nice review, great find! 

[doge_shit666]

In my opinion, the project's attention to designing and implementing a strong market access strategy, expanding the community, expanding the roadmap ... proves that the DUSK network will continue to grow. I will continue to monitor the development of the project!

[Rigorous]

A nice Dutch review of Dusk Network that has just been released!

If you are from Holland, Belgium or speak Dutch, check out the following link:

https://cryptobenelux.com/2018/10/21/dusk-network-ico-review/

Or use a translation website. Often machine translation generates an unreadable mess but this translated review is quite readable. The review explains the rationale behind DUSK and what makes DUSK stand out in the current crypto landscape.

[TheLivingcrypto]

A nice Dutch review of Dusk Network that has just been released!

If you are from Holland, Belgium or speak Dutch, check out the following link:

https://cryptobenelux.com/2018/10/21/dusk-network-ico-review/

Or use a translation website. Often machine translation generates an unreadable mess but this translated review is quite readable. The review explains the rationale behind DUSK and what makes DUSK stand out in the current crypto landscape.

Good point, didn't think about translating it as I'm able to read Dutch. I could possibly post the translated article here in English. It contains a few very good reason to why Dusk is more suitable for launching STO's compared to a few of its competitors.

[bitcoin-shark]

The partnership is very important now and they have to strive for partnerships with big companies to succeed.

Yeah, it could be more fantastic if they could get to partner with a company who will adopt the platform as its end user.

yes at this point of the project the partnerships are very important, if they find as partners some companies that will use as a payment method their exchange the success would be assured...

[lobat999]

is there anyone have created competitive analysis of DUSK platform with other projects in existence?   May help understand value

Dev already posted this comparison table earlier, it's also in the faq section on their website.

Does DASH qualifies to be at the above comparison table? It was also offering anonymous transactions ever since it started as DARKcoin.

[viljy]

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.

Perfectly. That is, you can be sure that you will not require KYC before swap.

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?

[Frank37]

A nice Dutch review of Dusk Network that has just been released!

If you are from Holland, Belgium or speak Dutch, check out the following link:

https://cryptobenelux.com/2018/10/21/dusk-network-ico-review/

Or use a translation website. Often machine translation generates an unreadable mess but this translated review is quite readable. The review explains the rationale behind DUSK and what makes DUSK stand out in the current crypto landscape.

Translator made a very good result in english and german, it was better than many translations from humans to be honest.

[Makkara]

Interesting to see the difference between dusk network and other project, some competition is good, that mean that there is a market and things to build. Dusk network seems to have very good argument to be a sucessfull project.

One of the strong point of Dusk is that it will deliver a complete solution if they succeed. From payment to data transfer.

[omwibya]

Interesting to see the difference between dusk network and other project, some competition is good, that mean that there is a market and things to build. Dusk network seems to have very good argument to be a sucessfull project.

One of the strong point of Dusk is that it will deliver a complete solution if they succeed. From payment to data transfer.

let's hope they make all that on time. delays will hurt this project. especially considering that the other projects coins are currently being used.

[DuskNetwork]

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

[pynetx]

Interesting to see the difference between dusk network and other project, some competition is good, that mean that there is a market and things to build. Dusk network seems to have very good argument to be a sucessfull project.

One of the strong point of Dusk is that it will deliver a complete solution if they succeed. From payment to data transfer.

Yes, that's why I wanted to invest in DUSK but I can't due to minimum 100 ETH. Anonymity and privacy are a top priority for me.

[Ninjaboiii]

let's hope they make all that on time. delays will hurt this project. especially considering that the other projects coins are currently being used.

Most of the other STO-oriented projects are all based on Ethereum. Ethereum is very poorly suited for both privacy and security which is exactly what's required by regulators when talking about STO's. Take for instance Polymath; You can't launch an STO on their platform without going through them (getting their approval), which indicates centralization. Using their platform is also done OFF-chain. All they are is a centralised enitity with some aspects related to blockchain. Most of the other projects don't focus on anonymity and privacy which is what is needed to launch an STO. Securities come paired with high KYC standards. If a project want to be fully regulatory compliant they'll need to have the KYC part figured out, it's the most important thing when it comes to securities. It's great to see that Dusk knows what is needed for a network suitable for launching STO's. Hence I don't think they need to rush because of the competition. To be completely honest; there's barely any competition. The other projects trying to accomplish such a platform will not get around regulatory standards, they're doomed to fail.

Anyways, I'm really excited to see how Dusk will tackle the trading of STO's. Perhaps some kind of DEX? you're building a private chain after all. Also can't wait for the exchange announcement this week, if it's a big exchange that's investing in Dusk then I'm sure you guys will deliver!

[DuskNetwork]

[Ninjaboiii]

Is this related to the big announcement?  

[iad_xo]

Beside STO on DUSK, i am more interested in Anonymous Network Layer, Segregated Byzantine Agreement and Secure Tunnel Switching technology.  There are many thing with STO are still up in air,  eventually happen if underlying technology is better.

[batako]

Is this related to the big announcement?  

It says something very special, wish it is related to the big announcement which will bring more confidence to support the project. Lets wait and see!