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

[iad_xo]

https://medium.com/@DuskNetwork/dusk-network-sale-update-6bcbeeef0b1f new sales update. Team lock-up period raised to 12 months.

[loup]

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.

[omwibya]

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.

[belechau]

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

[Frank37]

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.

If the product is really good, the first player will dominate them all.
Till somebody creates a new feature, which everybody needs. Then the game starts again.

[kraterion]

is DUSK planning to have master node architecture to rewards node owners?

Dusk Network will utilize two kind of nodes;

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.

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

[king_of_alts]

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.

[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.

By the way, in this area at the moment is exist competitors with similar conception, who knows? If they become first who can realizes this idea, it can bring success to all team and investors too.

[aveon]

There are some of similar projects with similar conception of data transmission. I cannot name them right now, but you may easily find them in the web. Almost any project concerned with data are for its secure transmitting.

[Rigorous]

Why did Waves not become popular? Too many people already using Ethereum? That could become a problem for Dusk. Even if their tech would be better, the best tech does not always win. It is incredibly hard to unseat a platform that has almost a monopoly. How do you convince people to switch from the platform they are used to?

Waves not becoming popular should not have to do anything with Dusk. Dusk Network will be more than just launching STO's because of the anonymity aspect. And for Ethereum; they sort of have monopoly on ICO's but Ethereum also has its problems, mainly scaling. Dusk on the other hand will be used to launch STO's which is completely different than Ethereum. The biggest similarity Dusk has with Ethereum is the token' utility. DUSK functions just as ETH does on their respective platform.

Waves was a bad example. It did not offer any significantly different features compared to the platforms that were already there.

Still, I think you should not underestimate the staying power of a technical inferior, such as gas lamps in London when there are electric street lights or fax machines when we have e-mail. Will Dusk's improvements and features be enough to make people stop using the platforms they are already using? Sure, the crypto world is still young and its inhabitants, most of them being private individuals and startups, are flexible, so there is a good chance there is no vendor lock-in yet. But just in case, keep in mind those gas lamps and fax machines.

[the_donald]

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.

[BanaCrypto]

I think there is some broad enthusiasm for the venture thought that makes it an effective undertaking. Mr. Chief of the Forum thank you for the full response to every one of the inquiries which enable us to all the more likely comprehend the task. Good Luck .

[magisterr]

Ok, thank you. I understand. STO - Security Token Offering. The different in selling security and utility tokens. When your maiinet launch and swap to native coins?

Our mainnet launch is scheduled for Q2 2019.

Where I can find token allocation? What price per token, how many tokens in total and what hard cap and soft cap?

[rjp55]

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.

[doge_shit666]

I see many projects addressing data transfer issues. Quick, safe and anonymous matters are always taken care of. Dusk hierarchies and networks do not face issues of language, culture, freedom of speech, access to cultural heritage, etc. It is one of the advantages that Sunset is increasingly supported by the community ?

[wissy]

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.

We were discussing this multiple times till now, it's really too bad they don't have this information available anywhere, because many potential investors and community as well want to know this. They should really update the whitepaper, don't know why they didn't yet.

[Makkara]

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 didn't see anything either but if for once i would see one project that is able to maintain what promises i would be really happy, in particular because in here they are addressing problems which actually need to be solved. We are not talking about the same tokenized crap ICO all over.

[DuskNetwork]

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

[loup]

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.

[lobat999]

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.