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

[Ninjaboiii]

so the value of the hard cap has been increased at the request of the partners ,nice move the project is going well team have to think big, i do not like that the price of the token has also been increased

What was the reason for the partners to demand the increase? They got a discount and now everyone else should pay more or will there be more tokens available?

The reasons are stated in the following article; https://medium.com/dusk-network/dusk-network-sale-update-6bcbeeef0b1f

No one has received a discount. Everyone is subject to the same token price of $0,0576.

I guess you're pretty sure you were going to overcome the previous limit to make this change. Reaching that amount would be a great achievement in the current market.

I think they had already reached their previous hardcap before Bitfinex came around

[1714502621]

1714502621

[1714502621]

1714502621

[1714502621]

1714502621

[1714502621]

1714502621

[DuskNetwork]

Dmitry Khovratovich joins Dusk Network!

Dusk Network is proud to announce that Dmitry Khovratovich, the inventor of Equihash joins Dusk Network as Lead Cryptographer.

As a cryptographer, Dmitry is a postdoctoral researcher at the University of Luxembourg, and author for the International Association for Cryptologic Research. He developed the Equihash Proof-of-work algorithm which is currently being used as consensus mechanism for the ZCash cryptocurrency, and the Argon2 key derivation function, which won the Password Hashing Competition in July 2015.



He is the publisher of several Cryptanalysis papers for a number of mainstream cyphers, such as the first cryptanalytic attack on full-round AES-192 and AES-256 which is faster than a brute-force attack, an attack on the Radio Gatún cryptographic primitive, and also the current best cryptanalysis on Skein, a candidate for the SHA-3 competition.

In 2014, he published research about the deanonymisation of clients in the Bitcoin P2P network.

Dmitry has broken a number of ciphers and hash functions and is quoted: “Give me a system and I will find a weakness”. He is also the author of the Guru reputation system that Dusk Network will employ to ensure convergence of voting in the shortest amount of time.

“Dmitry is one of the leading figures in the world of cryptographic research, and the studies he published during the past years show the passion he has for his work. We are happy to welcome him in the Dusk family, where we know his skills will bring great value to our proposition”— Fulvio Venturelli, Lead Researcher of Dusk Network.

How to learn more about Dusk Network
The 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:

• Website
• FAQ
• Telegram
• Twitter
• Reddit
• LinkedIn
• GitHub

[PS92]

Hmmmm....this project actually looks pretty decent. will dive into it some more.

[Token Williams]

People from these countries can not use Ethfinex to participate in the token sale:

Serbia, Sri Lanka, Trinidad and Tobago, Tunisia, Bosnia and Herzegovina, Canada, Democratic People’s Republic of Korea (North Korea), Ethiopia, Iran, Iraq, Syria, Uganda, United States, Vanuatu, Yemen

https://www.ethfinex.com/token-sales/5bd1d37094fae88aff237d13/Dusk-Network/

Is there a way for people from the excluded countries to participate in the DUSK private sale? Let us say a United States citizen with 200 ETH.

They are specifically excluded. Even if there were an illegal workaround, Dusk could not tell you how to cheat the system, because it would be in fact illegal.
In short: No there isn't.

But people from those mentioned countries are allowed to buy tokens later on exchanges?

I believe so, because in that case Dusk wouldn't be offering the tokens to them, but it is a secondary purchase. Not legal advice! 

[kraterion]

Why CEO of  Switcheo Network joined as advor to your project you will have ERC tokens at first? Or you will create NEP5 tokens?

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.

That's a beatiful idea and a natural conseguence of the fact that Dusk has own blockchain, with a smart contracts enviroment and an ecosystem made of security tokens. Maybe in the future you can also think of a cross chain DEX is it will work well enough

[ParRus]

Why CEO of  Switcheo Network joined as advor to your project you will have ERC tokens at first? Or you will create NEP5 tokens?

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.

That's a beatiful idea and a natural conseguence of the fact that Dusk has own blockchain, with a smart contracts enviroment and an ecosystem made of security tokens. Maybe in the future you can also think of a cross chain DEX is it will work well enough

I am glad to hear the good news that DUSK Network team received this experienced advisor - CEO of  Switcheo Network, I hope he can make the project more successful.

[bitcoin-shark]

Dmitry Khovratovich joins Dusk Network!

Dusk Network is proud to announce that Dmitry Khovratovich, the inventor of Equihash joins Dusk Network as Lead Cryptographer.

As a cryptographer, Dmitry is a postdoctoral researcher at the University of Luxembourg, and author for the International Association for Cryptologic Research. He developed the Equihash Proof-of-work algorithm which is currently being used as consensus mechanism for the ZCash cryptocurrency, and the Argon2 key derivation function, which won the Password Hashing Competition in July 2015.



He is the publisher of several Cryptanalysis papers for a number of mainstream cyphers, such as the first cryptanalytic attack on full-round AES-192 and AES-256 which is faster than a brute-force attack, an attack on the Radio Gatún cryptographic primitive, and also the current best cryptanalysis on Skein, a candidate for the SHA-3 competition.

In 2014, he published research about the deanonymisation of clients in the Bitcoin P2P network.

Dmitry has broken a number of ciphers and hash functions and is quoted: “Give me a system and I will find a weakness”. He is also the author of the Guru reputation system that Dusk Network will employ to ensure convergence of voting in the shortest amount of time.

“Dmitry is one of the leading figures in the world of cryptographic research, and the studies he published during the past years show the passion he has for his work. We are happy to welcome him in the Dusk family, where we know his skills will bring great value to our proposition”— Fulvio Venturelli, Lead Researcher of Dusk Network.

How to learn more about Dusk Network
The 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:

• Website
• FAQ
• Telegram
• Twitter
• Reddit
• LinkedIn
• GitHub

well here is another prestigious new entry with a great experience in the field, the team is working well and is growing with the addition of serious proffesionists...

[iad_xo]

Dmitry Khovratovich joins Dusk Network!

Dusk Network is proud to announce that Dmitry Khovratovich, the inventor of Equihash joins Dusk Network as Lead Cryptographer.

As a cryptographer, Dmitry is a postdoctoral researcher at the University of Luxembourg, and author for the International Association for Cryptologic Research. He developed the Equihash Proof-of-work algorithm which is currently being used as consensus mechanism for the ZCash cryptocurrency, and the Argon2 key derivation function, which won the Password Hashing Competition in July 2015.



He is the publisher of several Cryptanalysis papers for a number of mainstream cyphers, such as the first cryptanalytic attack on full-round AES-192 and AES-256 which is faster than a brute-force attack, an attack on the Radio Gatún cryptographic primitive, and also the current best cryptanalysis on Skein, a candidate for the SHA-3 competition.

In 2014, he published research about the deanonymisation of clients in the Bitcoin P2P network.

Dmitry has broken a number of ciphers and hash functions and is quoted: “Give me a system and I will find a weakness”. He is also the author of the Guru reputation system that Dusk Network will employ to ensure convergence of voting in the shortest amount of time.

“Dmitry is one of the leading figures in the world of cryptographic research, and the studies he published during the past years show the passion he has for his work. We are happy to welcome him in the Dusk family, where we know his skills will bring great value to our proposition”— Fulvio Venturelli, Lead Researcher of Dusk Network.

How to learn more about Dusk Network
The 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:

• Website
• FAQ
• Telegram
• Twitter
• Reddit
• LinkedIn
• GitHub

well here is another prestigious new entry with a great experience in the field, the team is working well and is growing with the addition of serious proffesionists...

This is good news for dusk platform. Gaining more and more attention and support from community

[Rigorous]

People from these countries can not use Ethfinex to participate in the token sale:

Serbia, Sri Lanka, Trinidad and Tobago, Tunisia, Bosnia and Herzegovina, Canada, Democratic People’s Republic of Korea (North Korea), Ethiopia, Iran, Iraq, Syria, Uganda, United States, Vanuatu, Yemen

https://www.ethfinex.com/token-sales/5bd1d37094fae88aff237d13/Dusk-Network/

Is there a way for people from the excluded countries to participate in the DUSK private sale? Let us say a United States citizen with 200 ETH.

That is unfortunately not possible.

Then what is a Dusk token/voucher if not an ICO nor a security, that makes it impossible? I thought you were going the same route as Ethereum, which Vitalik claims is a product.

Is DUSK a security token?
No. 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.

[haxllega]

It's hard to participate in the ico. Seems like it's only for big investors. 100 ETH is a lot for small investors. Seems like this is a very good project if it's that dificult to enter

[PS92]

Dmitry Khovratovich joins Dusk Network!

Dusk Network is proud to announce that Dmitry Khovratovich, the inventor of Equihash joins Dusk Network as Lead Cryptographer.

As a cryptographer, Dmitry is a postdoctoral researcher at the University of Luxembourg, and author for the International Association for Cryptologic Research. He developed the Equihash Proof-of-work algorithm which is currently being used as consensus mechanism for the ZCash cryptocurrency, and the Argon2 key derivation function, which won the Password Hashing Competition in July 2015.



He is the publisher of several Cryptanalysis papers for a number of mainstream cyphers, such as the first cryptanalytic attack on full-round AES-192 and AES-256 which is faster than a brute-force attack, an attack on the Radio Gatún cryptographic primitive, and also the current best cryptanalysis on Skein, a candidate for the SHA-3 competition.

In 2014, he published research about the deanonymisation of clients in the Bitcoin P2P network.

Dmitry has broken a number of ciphers and hash functions and is quoted: “Give me a system and I will find a weakness”. He is also the author of the Guru reputation system that Dusk Network will employ to ensure convergence of voting in the shortest amount of time.

“Dmitry is one of the leading figures in the world of cryptographic research, and the studies he published during the past years show the passion he has for his work. We are happy to welcome him in the Dusk family, where we know his skills will bring great value to our proposition”— Fulvio Venturelli, Lead Researcher of Dusk Network.

How to learn more about Dusk Network
The 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:

• Website
• FAQ
• Telegram
• Twitter
• Reddit
• LinkedIn
• GitHub

that must be good for security!

[Token Williams]

so the value of the hard cap has been increased at the request of the partners ,nice move the project is going well team have to think big, i do not like that the price of the token has also been increased

What was the reason for the partners to demand the increase? They got a discount and now everyone else should pay more or will there be more tokens available?

The reasons are stated in the following article; https://medium.com/dusk-network/dusk-network-sale-update-6bcbeeef0b1f

No one has received a discount. Everyone is subject to the same token price of $0,0576.

good to hear, (private) presales suck for regular investors as presale investors dump their bag the moment it hits an exchange.

[lvsca]

Why CEO of  Switcheo Network joined as advor to your project you will have ERC tokens at first? Or you will create NEP5 tokens?

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.

That's a beatiful idea and a natural conseguence of the fact that Dusk has own blockchain, with a smart contracts enviroment and an ecosystem made of security tokens. Maybe in the future you can also think of a cross chain DEX is it will work well enough

if dusk developed cross chain DRX, they will defeat ethereum in short time

[magisterr]

People from these countries can not use Ethfinex to participate in the token sale:

Serbia, Sri Lanka, Trinidad and Tobago, Tunisia, Bosnia and Herzegovina, Canada, Democratic People’s Republic of Korea (North Korea), Ethiopia, Iran, Iraq, Syria, Uganda, United States, Vanuatu, Yemen

https://www.ethfinex.com/token-sales/5bd1d37094fae88aff237d13/Dusk-Network/

Is there a way for people from the excluded countries to participate in the DUSK private sale? Let us say a United States citizen with 200 ETH.

Just 200 people will be participiate in token sale on ETHFinex? How they will selected winners? Investors must make some article etc about them like this was in Tomochain for example?

Number of Random Draw Winners   200 total, spread over 3 rounds of selection

There will be a random draw, no need to write articles etc.

So there is any guaranties that I ll be able to participiate in token sale? When token sale starts? Do you know exact date already?

[batako]

It's hard to participate in the ico. Seems like it's only for big investors. 100 ETH is a lot for small investors. Seems like this is a very good project if it's that dificult to enter

100 eth indeed is a very big amount and most people won't dare to risk it on ICO. Only those who are already rich who will have a chance to participate. I will wait for the next phase with the make sense requirement to enter into the project.

[bitcoin-shark]

It's hard to participate in the ico. Seems like it's only for big investors. 100 ETH is a lot for small investors. Seems like this is a very good project if it's that dificult to enter

unfortunately you're right the ico is very valid but it seems only accessible to large investors, 100 eth i think they are too much for the middle and small investors, must wait for the listing of the token on the exchange to participate, at least for what concerns me...

[jonnytracker]

Can we do pool investment ? 100 is alot for some people

[DuskNetwork]

People from these countries can not use Ethfinex to participate in the token sale:

Serbia, Sri Lanka, Trinidad and Tobago, Tunisia, Bosnia and Herzegovina, Canada, Democratic People’s Republic of Korea (North Korea), Ethiopia, Iran, Iraq, Syria, Uganda, United States, Vanuatu, Yemen

https://www.ethfinex.com/token-sales/5bd1d37094fae88aff237d13/Dusk-Network/

Is there a way for people from the excluded countries to participate in the DUSK private sale? Let us say a United States citizen with 200 ETH.

That is unfortunately not possible.

Then what is a Dusk token/voucher if not an ICO nor a security, that makes it impossible? I thought you were going the same route as Ethereum, which Vitalik claims is a product.

Is DUSK a security token?
No. 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.

I have a hard time understanding what you're saying. The Dusk token (DUSK) is a utility token. The countries being restricted to participate in the privatesale has nothing to do with securities.

[DuskNetwork]

so the value of the hard cap has been increased at the request of the partners ,nice move the project is going well team have to think big, i do not like that the price of the token has also been increased

What was the reason for the partners to demand the increase? They got a discount and now everyone else should pay more or will there be more tokens available?

The reasons are stated in the following article; https://medium.com/dusk-network/dusk-network-sale-update-6bcbeeef0b1f

No one has received a discount. Everyone is subject to the same token price of $0,0576.

good to hear, (private) presales suck for regular investors as presale investors dump their bag the moment it hits an exchange.

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.

There will be no way to dump your full allocation within 12 months.

[levyashin]

People from these countries can not use Ethfinex to participate in the token sale:

Serbia, Sri Lanka, Trinidad and Tobago, Tunisia, Bosnia and Herzegovina, Canada, Democratic People’s Republic of Korea (North Korea), Ethiopia, Iran, Iraq, Syria, Uganda, United States, Vanuatu, Yemen

https://www.ethfinex.com/token-sales/5bd1d37094fae88aff237d13/Dusk-Network/

Is there a way for people from the excluded countries to participate in the DUSK private sale? Let us say a United States citizen with 200 ETH.

That is unfortunately not possible.

Then what is a Dusk token/voucher if not an ICO nor a security, that makes it impossible? I thought you were going the same route as Ethereum, which Vitalik claims is a product.

Is DUSK a security token?
No. 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.

Vitalik claims don't make it really a product. Also dusk won't be a token it is a coin so can't say it is a security or utility whatsoever. It has utility features and simply works like ethereum. And as far as i understand if sto's can be the new thing, and dusk hosts sto's like ethereum do for ico's it can reach ethereum's market cap and can be also a payment method like ethereum.