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

[magisterr]

This seems interesting. But there KYC date will not be avaliable for third parties? It will be safe for people? And I asked about capabilities create tokens, not about launch ICOs only and KYC.

Could you rephrase the question? I honestly have no clue what you're asking about

I mean that peoples data must be safe. And noone of third people should not have acces to their data. Is this will be safe?
And is there will be able to create own tokens on your blockchain?

[1714848238]

1714848238

[DuskNetwork]

What will be the average transaction fee for transferring coins from one wallet to another?

We can't really provide details on the transaction fees at this point. Our token is not tradable yet. The platform will take fees in the form of gas just as Ethereum does.

But it will be like Ethereum that Gas is actually Ether so there won't be two coins like NEO uses?

There will not be two coins like NEO.

[DuskNetwork]

What will be the average transaction fee for transferring coins from one wallet to another?

We can't really provide details on the transaction fees at this point. Our token is not tradable yet. The platform will take fees in the form of gas just as Ethereum does.

But it will be like Ethereum that Gas is actually Ether so there won't be two coins like NEO uses?

so the fees will be from the model of eth in the form of gas, so it will be a single token that will also be used as gas? can i have more details?...

That's correct. One token (DUSK) will be used to power the whole Network (just like Ethereum, for reference)

[DuskNetwork]

I am getting more and more interested in privacy by design, ie. instead of having to share all my data with a company or institute and trying to get them to delete some of my personal data (which they sell for profit and subsequently leaks everywhere), just only share the data that is necessary.

Does Dusk enable or support privacy by design?

Dusk Network is not a data-exchange, instead we focus on anonymity.
Dusk Features untraceability through the use of RingCT, unlikability through the use of stealth addresses and protection from double spending or blockchain forks through the novel consensus mechanism called SBA. It takes the latest lessons learned in cryptography and prepares for the future through an adaptable core ready for bulletproof transactions.

[TheLivingcrypto]

Have any measurements been taking to prevent dumping after bonus release?

[zgrdyg]

Nodes receive tokens as an incentive so I guess that gas will be paid with their token, not with a different token like GAS with NEO or VTHO with VET. Which model is the best? I really have no idea

I don't think there is a better idea. Just some different approaches.

Personally, i don't like a second token like Gas. Too confusing.

me too. I dont prefer projects creating another coin for transaction fees. eth way is better for me.

[DuskNetwork]

Have any measurements been taking to prevent dumping after bonus release?

Yes, we are mainly looking for people who share the same longterm vision as we do. We have also removed any bonusses and implented a state of the art vesting system; Second-by-Second (SbS) vesting.

SbS works as follows;
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.

[Altcoinrusher]

Have any measurements been taking to prevent dumping after bonus release?

I'm afraid it cannot be stop but the best reason to hold this token is the promising concept of this project and its with its active development, token holders would think twice before dumping it.

[TheLivingcrypto]

Have any measurements been taking to prevent dumping after bonus release?

Yes, we are mainly looking for people who share the same longterm vision as we do. We have also removed any bonusses and implented a state of the art vesting system; Second-by-Second (SbS) vesting.

SbS works as follows;
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 if I hold tru the full 12 months I will have my full amount of tokens?

[wissy]

Have any measurements been taking to prevent dumping after bonus release?

I'm afraid it cannot be stop but the best reason to hold this token is the promising concept of this project and its with its active development, token holders would think twice before dumping it.

Well, vesting period could prevent the dumping, but I doubt investors would go for it. Otherwise you're right, steady development is the most natural way.

[DuskNetwork]

So if I hold tru the full 12 months I will have my full amount of tokens?

That's correct!

[belechau]

The concept of the project and the Vision of the Team are for me, at present, better and more visionary, I believe we can witness and / or be part of something really strong here. The fact that it serves as the basis of power for the network is not innovative, but it has its positive effect financially for the token, and it should really be applied. But in addition I see the possibility of unlocking the Economy in a future perhaps not very far, as quoted in video

[pynetx]

Have any measurements been taking to prevent dumping after bonus release?

I'm afraid it cannot be stop but the best reason to hold this token is the promising concept of this project and its with its active development, token holders would think twice before dumping it.

But, the dump would be very little as there are no bounties I guess. Bounty hunters are the ones who don't care about the price while dumping because, free money.

[loup]

Have any measurements been taking to prevent dumping after bonus release?

I'm afraid it cannot be stop but the best reason to hold this token is the promising concept of this project and its with its active development, token holders would think twice before dumping it.

Well, vesting period could prevent the dumping, but I doubt investors would go for it. Otherwise you're right, steady development is the most natural way.

I think there's not a way of avoiding a dump apart from improving the product and publishing news about the project.

[iad_xo]

STO is going to be big in 2019 for sure. Already gaining attention.  DUSK will have advantage of being secure platform with privacy to host STO.

[DuskNetwork]

I think there's not a way of avoiding a dump apart from improving the product and publishing news about the project.

Good points. Of course we will keep developing our project and as you can see our roadmap goes a long way. We plan on releasing atleast one development update per month (shows what we've done, how far we are etc.) and updates about everything else surrounding the project.

[rendravolt]

Have any measurements been taking to prevent dumping after bonus release?

I'm afraid it cannot be stop but the best reason to hold this token is the promising concept of this project and its with its active development, token holders would think twice before dumping it.

But, the dump would be very little as there are no bounties I guess. Bounty hunters are the ones who don't care about the price while dumping because, free money.

So it will be more valuable without the bounty hunter here, I agree with you. But it must be considered carefully if this project must have investors and strong holders to maintain prices for the long term.

[hicaribou]

STO is going to be big in 2019 for sure. Already gaining attention.  DUSK will have advantage of being secure platform with privacy to host STO.

What is the STO that you mean? Is it Security Token Offering? I just read it here  https://blog.icoalert.com/sto-is-the-new-ipo-6b194a9b57cb

[omwibya]

STO is going to be big in 2019 for sure. Already gaining attention.  DUSK will have advantage of being secure platform with privacy to host STO.

What is the STO that you mean? Is it Security Token Offering? I just read it here  https://blog.icoalert.com/sto-is-the-new-ipo-6b194a9b57cb

new name, same thing. rebranding actually works. people will probably flood in again.

[Frank37]

Have any measurements been taking to prevent dumping after bonus release?

I'm afraid it cannot be stop but the best reason to hold this token is the promising concept of this project and its with its active development, token holders would think twice before dumping it.

But, the dump would be very little as there are no bounties I guess. Bounty hunters are the ones who don't care about the price while dumping because, free money.

But they also worked for this and they also should be interested in getting a higher price, but maybe they are more impatient, I dont know.