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

[kraterion]

This must answer all your questions regardind token allocation I guess .
I see that you will add zero knowledge smart contracts, great! Do you think that Ethereum will get there too eventually?

[DuskNetwork]

Am I wrong if say that network nodes are similar to masternodes, while Provisioners are similar to DPoS/LPoS nodes? If I'm right, congrats, I never saw till now a masternodes+delegates governance

Full nodes are general network nodes not participating in the consensus. Provisioner nodes are responsible for maintaining the consensus of the network. The term "master node" implies a permissioned access to the consensus, which SBA does not require.

[o48o]

Dusk Network Sale Update

Over the last weeks the demand for the Private Sale has exploded, and we have been working around the clock to meet with all prospective buyers and partners to ensure Dusk Network’s support system is as strong as it can be. To help us process hundreds of conversations, we recently announced our fundraising partner The Reserve.

We have received some constructive feedback from our advisors on our current lockup configuration. This configuration could lead to a suboptimal situation in which progressive batches of unlocked tokens potentially lead to unwanted sale pressure. To mitigate this possibility and promote a broader holding horizon, we have decided to remove all bonuses. That way every participant in the private sale will be treated equally, which makes the fundraiser fairer. This also warrants that there will be no inside deals. Confirming our standpoint on this, the exchanges we are in talks with also consider large bonuses as a red flag.

Our commitment to be best-in-class means we will not use bonuses just to “bribe” big names to hop on board. Being fair, transparent, and offering all buyers the same terms is key in today’s blockchain space — and rightly so. This preserves the integrity of the project and ensures that those who purchase DUSK 1) believe in the fundamental value of the project and 2) are with us for the long-haul.

To complement to the points above we, as the Dusk team, truly believe in the project and its long-term vision. To show our commitment, we will extend our lockup period to a 12 month lock up and a 12 month vesting period thereafter.

We have always believed in raising an appropriate amount of capital. We want to be able to optimally build Dusk Network, but also bring a fair proposition to the market. Due to this extreme demand for Dusk and the current configuration with a limited availability of funds, this would lead to a situation in which many value-adding sale participants would be left out while potentially concentrating stakes of Dusk tokens in the hands of few holders, hampering decentralization.

After careful consideration and thorough discussions with our current contributors and advisors, we decided to increase the current hard cap to $14.4M. 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 mean to do this in the following ways:

• Hire more of the world’s leading developers, thus speeding up our present timeline and securing our competitive foothold.
• Further build out our rapidly growing community and increase our capacity to engage with them.
• Design and implement a robust go-to-market strategy using our increased marketing and PR budget.
• Expand our roadmap to include zero knowledge smart contracts.
• Ace the Restricted DevNet launch of Dusk Network at the Next Web on the 14th of December and establish our strong and fair market presence for years to come.
• Accommodate the overwhelming interest and value-add that prospective partners have been bringing to the table.
• 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.
• Onboard corporate partnerships that will contribute directly to the utility of DUSK, for example Telcos and financial institutions.

Not only do we believe that raising the cap is the right course of action, but our advisors have also strongly recommended it. Private sale participants that have already contributed capital all voted unanimously in favour of this change. This means that every contributor, individual and entity in the Dusk camp has given full support to this decision.



TL;DR

• No bonuses. Everyone has the same terms.
• Team lock-up period increased.
• Hard cap has been increased to $14.4m for 50% of tokens.
• The Reserve is managing the entire allocation. Email pledge@dusk.network

We would like to take the opportunity now to thank our existing partners and everyone that has expressed an interest in supporting Dusk. The increase in the hard cap will allow more of you to join us on this journey.

Introducing Dusk Network to the public is an important and exciting step in our journey to create the world’s preferred decentralized protocol for payments, communications and value transfer. We are not here to make a quick buck. We are not here to create hype without valid cause. We are here to do things properly. We are here to lead the market into the new dawn of privacy and compliance, of unstoppable value and asset transfer at negligible cost. We are here to stay.

This is why we have been focusing on building our ground-breaking new tech stack over the past 12 months and have only recently opened up the project to outside contributors. Our goal remains the same: to make Dusk the most utilised and beneficial decentralized protocol in existence.

Other news from the Dusk Network:

Increasing our budget allows us to attract more developers across the entire Dusk spectrum. Additionally, we would like to welcome two new members to the Dusk Core team, Toghrul Maharramov (NeoResearch) and Kevaundray Wedderburn (NeoResearch).

Dusk Network has made the following announcements:

Advisors:

• Aylon Morley — Tech Investment Director at Wentworth Hall
• Gary Quin — Credit Suisse, BlackRock Communications
• Richard Sanders — CipherBlade, Energi, FBI
• James Roy Poulter — The Reserve, EY, Playfair Capital

Partners:

• Kryha — Blockchain Development Partner
• The Reserve — Fundraising & Compliance Partner
• TNO — Cryptographic R&D & EU Consortium Partner
• Watson Law — Legal Partner

Here is also a sneak preview of what we will announcing soon:

• Exchange partnerships and listing(s)
• Security Token Offering Incubator
• Team and Advisors
• Partners
• The first companies that will STO using Dusk Network
• Financial institutions looking to integrate Dusk and the XST standard into their marketplaces and portfolios
• Our PR and event campaign for the rest of the year.
• Our EU grants trajectory, which Dusk Network is currently applying for.

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

Thank you for responding, this covers a lot's of questions in the thread. I am satisfied.

[batako]

Thank you for responding, this covers a lot's of questions in the thread. I am satisfied.

Responding to the question here is a good sign for us to keep supporting this project. I have a good faith to the project based on what I've already seen till today.

[belechau]

Thank you for responding, this covers a lot's of questions in the thread. I am satisfied.

Responding to the question here is a good sign for us to keep supporting this project. I have a good faith to the project based on what I've already seen till today.

Really satisfying in community care, I hope it will be a continuous work in this direction, many have abandoned the community justifying themselves for difficult times, but this is exactly the moment to work intensely. In addition to the mastery of what they bring us, congratulations to the Team

[king_of_alts]

Thank you for responding, this covers a lot's of questions in the thread. I am satisfied.

Responding to the question here is a good sign for us to keep supporting this project. I have a good faith to the project based on what I've already seen till today.

Really satisfying in community care, I hope it will be a continuous work in this direction, many have abandoned the community justifying themselves for difficult times, but this is exactly the moment to work intensely. In addition to the mastery of what they bring us, congratulations to the Team

Not many projects check their ANN threads so it is always a welcome change when there is a team doing it. It will benefit Dusk in the long run to do so.

[viljy]

Dusk Network Sale Update

...

50% of tokens for 14.4 million ... 50% of what quantity? From 100 million tokens or from 1 billion tokens or from 10,000 tokens? Or will the tokens be generated until the hard cap is assembled? And only then will the total supply be determined?

[ParRus]

Dusk network will support smart contract and tokens with complete privacy. Am i understanding correctly?

You understand correctly. They will be completely anonymous. And we hope that they are safe!

Wow, that means this can be huge.

A complete anonymous network with a smart contract extension. It is unique, and a necessary one.

The prospect of anonymity can attract a lot of people. They should thoroughly test it to make sure it's safe as well.

The biggest problem this project has is competition. There are many projects in this area an there isn't enough market for all of them.

as long as they keep to the roadmap and get things done, by the that time there won't be as much competition.

Blockchain is expanded every day into new segments, and the explosion of new projects, good or bad, allows anyone to commit plagiarism or bring something similar, to have competitors and unavoidable, especially if their idea is valuable. What really matters is how you behave in front of these competitors, and whether you will be able to dominate the category

If they can bring something unique to the table and do not share the source code they can stay ahead of competition.

they need to stick to development and focus on that to get a good project on time.

I think that being so many projects in this area a good marketing campaign might be extremely important.

Everything will depend entirely of their team and of their diligence - in this difficult cryptocurrency time, need to be different from other ICO projects.

[aveon]

Dusk network will support smart contract and tokens with complete privacy. Am i understanding correctly?

You understand correctly. They will be completely anonymous. And we hope that they are safe!

Wow, that means this can be huge.

A complete anonymous network with a smart contract extension. It is unique, and a necessary one.

The prospect of anonymity can attract a lot of people. They should thoroughly test it to make sure it's safe as well.

The biggest problem this project has is competition. There are many projects in this area an there isn't enough market for all of them.

as long as they keep to the roadmap and get things done, by the that time there won't be as much competition.

Blockchain is expanded every day into new segments, and the explosion of new projects, good or bad, allows anyone to commit plagiarism or bring something similar, to have competitors and unavoidable, especially if their idea is valuable. What really matters is how you behave in front of these competitors, and whether you will be able to dominate the category

If they can bring something unique to the table and do not share the source code they can stay ahead of competition.

they need to stick to development and focus on that to get a good project on time.

I think that being so many projects in this area a good marketing campaign might be extremely important.

Everything will depend entirely of their team and of their diligence - in this difficult cryptocurrency time, need to be different from other ICO projects.

Yeah, the most important thing now is to differentiate self from others in order just to attract public initial attention.

[bitcoin-shark]

Dusk Network Sale Update

Over the last weeks the demand for the Private Sale has exploded, and we have been working around the clock to meet with all prospective buyers and partners to ensure Dusk Network’s support system is as strong as it can be. To help us process hundreds of conversations, we recently announced our fundraising partner The Reserve.

We have received some constructive feedback from our advisors on our current lockup configuration. This configuration could lead to a suboptimal situation in which progressive batches of unlocked tokens potentially lead to unwanted sale pressure. To mitigate this possibility and promote a broader holding horizon, we have decided to remove all bonuses. That way every participant in the private sale will be treated equally, which makes the fundraiser fairer. This also warrants that there will be no inside deals. Confirming our standpoint on this, the exchanges we are in talks with also consider large bonuses as a red flag.

Our commitment to be best-in-class means we will not use bonuses just to “bribe” big names to hop on board. Being fair, transparent, and offering all buyers the same terms is key in today’s blockchain space — and rightly so. This preserves the integrity of the project and ensures that those who purchase DUSK 1) believe in the fundamental value of the project and 2) are with us for the long-haul.

To complement to the points above we, as the Dusk team, truly believe in the project and its long-term vision. To show our commitment, we will extend our lockup period to a 12 month lock up and a 12 month vesting period thereafter.

We have always believed in raising an appropriate amount of capital. We want to be able to optimally build Dusk Network, but also bring a fair proposition to the market. Due to this extreme demand for Dusk and the current configuration with a limited availability of funds, this would lead to a situation in which many value-adding sale participants would be left out while potentially concentrating stakes of Dusk tokens in the hands of few holders, hampering decentralization.

After careful consideration and thorough discussions with our current contributors and advisors, we decided to increase the current hard cap to $14.4M. 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 mean to do this in the following ways:

• Hire more of the world’s leading developers, thus speeding up our present timeline and securing our competitive foothold.
• Further build out our rapidly growing community and increase our capacity to engage with them.
• Design and implement a robust go-to-market strategy using our increased marketing and PR budget.
• Expand our roadmap to include zero knowledge smart contracts.
• Ace the Restricted DevNet launch of Dusk Network at the Next Web on the 14th of December and establish our strong and fair market presence for years to come.
• Accommodate the overwhelming interest and value-add that prospective partners have been bringing to the table.
• 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.
• Onboard corporate partnerships that will contribute directly to the utility of DUSK, for example Telcos and financial institutions.

Not only do we believe that raising the cap is the right course of action, but our advisors have also strongly recommended it. Private sale participants that have already contributed capital all voted unanimously in favour of this change. This means that every contributor, individual and entity in the Dusk camp has given full support to this decision.



TL;DR

• No bonuses. Everyone has the same terms.
• Team lock-up period increased.
• Hard cap has been increased to $14.4m for 50% of tokens.
• The Reserve is managing the entire allocation. Email pledge@dusk.network

We would like to take the opportunity now to thank our existing partners and everyone that has expressed an interest in supporting Dusk. The increase in the hard cap will allow more of you to join us on this journey.

Introducing Dusk Network to the public is an important and exciting step in our journey to create the world’s preferred decentralized protocol for payments, communications and value transfer. We are not here to make a quick buck. We are not here to create hype without valid cause. We are here to do things properly. We are here to lead the market into the new dawn of privacy and compliance, of unstoppable value and asset transfer at negligible cost. We are here to stay.

This is why we have been focusing on building our ground-breaking new tech stack over the past 12 months and have only recently opened up the project to outside contributors. Our goal remains the same: to make Dusk the most utilised and beneficial decentralized protocol in existence.

Other news from the Dusk Network:

Increasing our budget allows us to attract more developers across the entire Dusk spectrum. Additionally, we would like to welcome two new members to the Dusk Core team, Toghrul Maharramov (NeoResearch) and Kevaundray Wedderburn (NeoResearch).

Dusk Network has made the following announcements:

Advisors:

• Aylon Morley — Tech Investment Director at Wentworth Hall
• Gary Quin — Credit Suisse, BlackRock Communications
• Richard Sanders — CipherBlade, Energi, FBI
• James Roy Poulter — The Reserve, EY, Playfair Capital

Partners:

• Kryha — Blockchain Development Partner
• The Reserve — Fundraising & Compliance Partner
• TNO — Cryptographic R&D & EU Consortium Partner
• Watson Law — Legal Partner

Here is also a sneak preview of what we will announcing soon:

• Exchange partnerships and listing(s)
• Security Token Offering Incubator
• Team and Advisors
• Partners
• The first companies that will STO using Dusk Network
• Financial institutions looking to integrate Dusk and the XST standard into their marketplaces and portfolios
• Our PR and event campaign for the rest of the year.
• Our EU grants trajectory, which Dusk Network is currently applying for.

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

Wow! That was very informative detailing the current direction of the project and its developments. Keeping in touch with the community will surely be appreciated and will bring positive impact to it.

i also appreciate that the team informs users here on the forum in such a detailed way of the excellent progress made by the project, i deduce that the private sale is going well with investments beyond the expectations of the team,that is the reason for the hard cap rise, it means that there are many people who believe in this project...

[levyashin]

I checked the whitepaper and the dusk.network website but couldn't find the token allocation, any price for tokens, hardcap, softcap etc.. what i have seen a thesis grade whitepaper, too scientific. maybe they should make an easy one.

I don't think they will have any problem regarding the soft cap. But still, it would be good to know the exact numbers.

[Frank37]

Dusk Network Sale Update

Over the last weeks the demand for the Private Sale has exploded, and we have been working around the clock to meet with all prospective buyers and partners to ensure Dusk Network’s support system is as strong as it can be. To help us process hundreds of conversations, we recently announced our fundraising partner The Reserve.

We have received some constructive feedback from our advisors on our current lockup configuration. This configuration could lead to a suboptimal situation in which progressive batches of unlocked tokens potentially lead to unwanted sale pressure. To mitigate this possibility and promote a broader holding horizon, we have decided to remove all bonuses. That way every participant in the private sale will be treated equally, which makes the fundraiser fairer. This also warrants that there will be no inside deals. Confirming our standpoint on this, the exchanges we are in talks with also consider large bonuses as a red flag.

Our commitment to be best-in-class means we will not use bonuses just to “bribe” big names to hop on board. Being fair, transparent, and offering all buyers the same terms is key in today’s blockchain space — and rightly so. This preserves the integrity of the project and ensures that those who purchase DUSK 1) believe in the fundamental value of the project and 2) are with us for the long-haul.

To complement to the points above we, as the Dusk team, truly believe in the project and its long-term vision. To show our commitment, we will extend our lockup period to a 12 month lock up and a 12 month vesting period thereafter.

We have always believed in raising an appropriate amount of capital. We want to be able to optimally build Dusk Network, but also bring a fair proposition to the market. Due to this extreme demand for Dusk and the current configuration with a limited availability of funds, this would lead to a situation in which many value-adding sale participants would be left out while potentially concentrating stakes of Dusk tokens in the hands of few holders, hampering decentralization.

After careful consideration and thorough discussions with our current contributors and advisors, we decided to increase the current hard cap to $14.4M. 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 mean to do this in the following ways:

• Hire more of the world’s leading developers, thus speeding up our present timeline and securing our competitive foothold.
• Further build out our rapidly growing community and increase our capacity to engage with them.
• Design and implement a robust go-to-market strategy using our increased marketing and PR budget.
• Expand our roadmap to include zero knowledge smart contracts.
• Ace the Restricted DevNet launch of Dusk Network at the Next Web on the 14th of December and establish our strong and fair market presence for years to come.
• Accommodate the overwhelming interest and value-add that prospective partners have been bringing to the table.
• 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.
• Onboard corporate partnerships that will contribute directly to the utility of DUSK, for example Telcos and financial institutions.

Not only do we believe that raising the cap is the right course of action, but our advisors have also strongly recommended it. Private sale participants that have already contributed capital all voted unanimously in favour of this change. This means that every contributor, individual and entity in the Dusk camp has given full support to this decision.



TL;DR

• No bonuses. Everyone has the same terms.
• Team lock-up period increased.
• Hard cap has been increased to $14.4m for 50% of tokens.
• The Reserve is managing the entire allocation. Email pledge@dusk.network

We would like to take the opportunity now to thank our existing partners and everyone that has expressed an interest in supporting Dusk. The increase in the hard cap will allow more of you to join us on this journey.

Introducing Dusk Network to the public is an important and exciting step in our journey to create the world’s preferred decentralized protocol for payments, communications and value transfer. We are not here to make a quick buck. We are not here to create hype without valid cause. We are here to do things properly. We are here to lead the market into the new dawn of privacy and compliance, of unstoppable value and asset transfer at negligible cost. We are here to stay.

This is why we have been focusing on building our ground-breaking new tech stack over the past 12 months and have only recently opened up the project to outside contributors. Our goal remains the same: to make Dusk the most utilised and beneficial decentralized protocol in existence.

Other news from the Dusk Network:

Increasing our budget allows us to attract more developers across the entire Dusk spectrum. Additionally, we would like to welcome two new members to the Dusk Core team, Toghrul Maharramov (NeoResearch) and Kevaundray Wedderburn (NeoResearch).

Dusk Network has made the following announcements:

Advisors:

• Aylon Morley — Tech Investment Director at Wentworth Hall
• Gary Quin — Credit Suisse, BlackRock Communications
• Richard Sanders — CipherBlade, Energi, FBI
• James Roy Poulter — The Reserve, EY, Playfair Capital

Partners:

• Kryha — Blockchain Development Partner
• The Reserve — Fundraising & Compliance Partner
• TNO — Cryptographic R&D & EU Consortium Partner
• Watson Law — Legal Partner

Here is also a sneak preview of what we will announcing soon:

• Exchange partnerships and listing(s)
• Security Token Offering Incubator
• Team and Advisors
• Partners
• The first companies that will STO using Dusk Network
• Financial institutions looking to integrate Dusk and the XST standard into their marketplaces and portfolios
• Our PR and event campaign for the rest of the year.
• Our EU grants trajectory, which Dusk Network is currently applying for.

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

This post looks like if it is already somewhere in the internet. Did I miss it?

[Rigorous]

Really glad you are removing the bonuses. I have raised the issue with bonuses before. Besides hindering decentralization, they distort the market in such a way much of the risk is transferred from private sale investors to public sale investors. I hope other projects follow this fair practice of equal risk and opportunity.

[clasico]

Is Dusk have a own blockchain? And is Dusk have a protocol masternode?

[omwibya]

Really glad you are removing the bonuses. I have raised the issue with bonuses before. Besides hindering decentralization, they distort the market in such a way much of the risk is transferred from private sale investors to public sale investors. I hope other projects follow this fair practice of equal risk and opportunity.

they must be really confident to do that. and raising the cap is an interesting move.

[king_of_alts]

Really glad you are removing the bonuses. I have raised the issue with bonuses before. Besides hindering decentralization, they distort the market in such a way much of the risk is transferred from private sale investors to public sale investors. I hope other projects follow this fair practice of equal risk and opportunity.

they must be really confident to do that. and raising the cap is an interesting move.

Yes, this is something I have never seen before. It raises the hardcap as you mentioned and in times like this such decision means they are very confident in the project.

[rjp55]

Really glad you are removing the bonuses. I have raised the issue with bonuses before. Besides hindering decentralization, they distort the market in such a way much of the risk is transferred from private sale investors to public sale investors. I hope other projects follow this fair practice of equal risk and opportunity.

they must be really confident to do that. and raising the cap is an interesting move.

Yes, this is something I have never seen before. It raises the hardcap as you mentioned and in times like this such decision means they are very confident in the project.

Too much confidence increases the risk of failure but they are well known people in their areas so i don't think it can be an issue for dusk.

[kraterion]

Is Dusk have a own blockchain? And is Dusk have a protocol masternode?

Yes Dusk will have own blockchain and it will have two type of nodes: (just quoting the community manager here)

Network nodes - transactional network clients. They compete with each other by locking an arbitrary amount for the generating and proposing of new blocks. Block generation is a computationally light task and therefore running a node does not require neither specialised equipment nor storage. The intention is for normal mobile devices to be able to run as a node within the network. The non-deterministic nature of the bidding process makes it so that even nodes bidding the minimum amount of DUSK have a fair chance to win the block generation sortition lottery

Provisioners - These are nodes that have committed a certain minimum stake to the Dusk Network and take care of more network intensive tasks such as block verification, voting, and notarization (VVN operations). These types of nodes are non-transactional
The intention is to create an economy where nodes compete for block rewards, while Provisioners earn a steady ROI.

[batako]

Really glad you are removing the bonuses. I have raised the issue with bonuses before. Besides hindering decentralization, they distort the market in such a way much of the risk is transferred from private sale investors to public sale investors. I hope other projects follow this fair practice of equal risk and opportunity.

they must be really confident to do that. and raising the cap is an interesting move.

Yes, this is something I have never seen before. It raises the hardcap as you mentioned and in times like this such decision means they are very confident in the project.

Too much confidence increases the risk of failure but they are well known people in their areas so i don't think it can be an issue for dusk.

I think they are already calculate the risk and with such decision I am sure they do believe that the project will run as planned based on their evaluations.

[Makkara]

It's quite a lot of money, a mvp could go a long way if it could demonstrates some of the feature.

Nowadays there are many team making not so easy to accomplish promises, hipe you can convince people you can actually do everything described here.