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

[DuskNetwork]

1 year is very long in crypto, nobody knows what happens till then.
Maybe BTC is at 50k and crypto is booming, this would change everythin, but nobody can predict what will happen in 2019.

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.

That's an interesting system, I don't think I've ever seen it before. Do investors agree with this?

Yes, the overall response has been incredibly positive!

[o48o]

wow 100 ETH that means I can't get my hands on it but I would like to contribute is there any other way?

You could always try to team up with some investment pool, but i am not sure if dusk network accept pools since some projects do not.

[DuskNetwork]

Where will it be possible to buy DUSK? There is very little easy information from this people project, this is interesting!

No project will tell you beforehand, because they have to sign a non-disclosure agreement. It is also way too early to talk about exchanges while the project has not even left the research phase yet.

There is definitely a plan for exchanges. I'll quote from our updated token sale article; "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."

We will disclose the information about the exchange somewhere next week, so sit tight 

[DuskNetwork]

The private sale is going on now. If you are interested you can email pledge@dusk.network with your desired allocation and what strategic value you bring. The minimum investment is 100 ETH. There is no crowdsale stage for Dusk.

Forwarded from Richard - Dusk Network Moderator in telegram group.

I didn't understand before there was an investment barrier that high  :. That means initially there are going to be very few holders (with vested tokens), not sure if its good or bad yet for what concern the speculation.

We totally agree decentralization is important and we have been planning this all along. You will have to wait roughly a week for the official announcement on what it involves, but trust me it will be big!

Also the investment barrier up until this point guaranteed we are talking to professional investors with reach in the industry and specific added value. This guaranteed that the time of the team was spent efficiently.

[pynetx]

wow 100 ETH that means I can't get my hands on it but I would like to contribute is there any other way?

You could always try to team up with some investment pool, but i am not sure if dusk network accept pools since some projects do not.

Yeah, investment pool is a nice idea. But, where to find the interested parties.

[kraterion]

The private sale is going on now. If you are interested you can email pledge@dusk.network with your desired allocation and what strategic value you bring. The minimum investment is 100 ETH. There is no crowdsale stage for Dusk.

Forwarded from Richard - Dusk Network Moderator in telegram group.

I didn't understand before there was an investment barrier that high  :. That means initially there are going to be very few holders (with vested tokens), not sure if its good or bad yet for what concern the speculation.

Maybe they don't want "Lambo boys" in but only whales/ institutional investors. While I understand that the spirit of crypto is, opportunity for everyone, I understand their decision

[loup]

The private sale is going on now. If you are interested you can email pledge@dusk.network with your desired allocation and what strategic value you bring. The minimum investment is 100 ETH. There is no crowdsale stage for Dusk.

Forwarded from Richard - Dusk Network Moderator in telegram group.

I didn't understand before there was an investment barrier that high  :. That means initially there are going to be very few holders (with vested tokens), not sure if its good or bad yet for what concern the speculation.

Maybe they don't want "Lambo boys" in but only whales/ institutional investors. While I understand that the spirit of crypto is, opportunity for everyone, I understand their decision

That is a high investment minimun. I guess they have think about that well but it looks a bit risky to me.

[Frank37]

The private sale is going on now. If you are interested you can email pledge@dusk.network with your desired allocation and what strategic value you bring. The minimum investment is 100 ETH. There is no crowdsale stage for Dusk.

Forwarded from Richard - Dusk Network Moderator in telegram group.

I didn't understand before there was an investment barrier that high  :. That means initially there are going to be very few holders (with vested tokens), not sure if its good or bad yet for what concern the speculation.

Maybe they don't want "Lambo boys" in but only whales/ institutional investors. While I understand that the spirit of crypto is, opportunity for everyone, I understand their decision

But the Lambo boys are the only one who can invest now with this high minimum, I cant, because I am only a bicycle boy.    

[iad_xo]

STO platform is gaining some momentum but competition is rising too. DUSK needed to make some progress soon to penetrate market share. is there any updates on progress with development?
 

[viljy]

Yeah, investment pool is a nice idea. But, where to find the interested parties.

I can submit an idea: to create a Fund for the organization of the pool, which conducts ICO and buys DUSK tokens in a private sale with the funds received. And then distributes these tokens between its investors in exchange for the tokens of this ICO...

[DuskNetwork]

The private sale is going on now. If you are interested you can email pledge@dusk.network with your desired allocation and what strategic value you bring. The minimum investment is 100 ETH. There is no crowdsale stage for Dusk.

Forwarded from Richard - Dusk Network Moderator in telegram group.

I didn't understand before there was an investment barrier that high  :. That means initially there are going to be very few holders (with vested tokens), not sure if its good or bad yet for what concern the speculation.

Maybe they don't want "Lambo boys" in but only whales/ institutional investors. While I understand that the spirit of crypto is, opportunity for everyone, I understand their decision

The investment barrier up until this point guaranteed we are talking to professional investors with reach in the industry and specific added value. This guaranteed that the time of the team was spent efficiently.

[omwibya]

Yeah, investment pool is a nice idea. But, where to find the interested parties.

I can submit an idea: to create a Fund for the organization of the pool, which conducts ICO and buys DUSK tokens in a private sale with the funds received. And then distributes these tokens between its investors in exchange for the tokens of this ICO...

who is trustworthy enough to do that ? especially considering how many scams that have been in the crypto space.

[DuskNetwork]

STO platform is gaining some momentum but competition is rising too. DUSK needed to make some progress soon to penetrate market share. is there any updates on progress with development?
 

Our Devnet will launch this quarter and the cryptography module and the wallet are going to be made public quite soon.

As for the competition, most of the other projects build on top of Ethereum which offers no ledger privacy apart from zk-SNARKS (which is reliant on a trusted setup which needs to run at any configuration change). This basically forces issuers to avail of off-chain solutions which is very expensive and defeats the purpose of 1) decentralization 2) common task automation 3) streamline legal process 4) performances (as trading restriction needs to be arbitrated all the time through third party smart contracts, rather than being embedded at protocol level). So, to be able to meet the requirements of STOs, Ethereum needs third party platforms (like Polymath, Harbor, etc etc) which are basically application-level smart contracts, which resort mostly to off-chain processing, with no exception.

This is also because these platforms have absolutely no say at the protocol level and must adapt to what it is available to them. In that respect, they have a very limited control on the confidentiality level (and in fact they resort almost always to suboptimal off-chain solutions - see for example Harbor, Polymath or even Securitize) and are bound to biblical release time for anything that revolves around NFRs (Non Functional Requirements, such as, for instance, scalability, security, resource management, network configurations, SLAs, etc etc) since Ethereum must scale GLOBALLY all the propositions (meaning smart contracts or set of smart contracts)

Dusk is NOT a general purpose smart contract platform.
It is extremely focused on the use cases it intends to unlock and as a result it can be very specific in the strategies it adopts to scale and satisfy the NFRs of the use cases at hand.

It basically focuses on providing the right confidentiality in the 3 different scenario that render the platform a true network:
1 - Unidirectional atomic transfer of value (basically, payments)
2 - Bidirectional atomic exchange of value (transfer of asset ownership - securities fall in this category)
3 - Time unbound exchange of value (transmission of data stream - such as audiovisual conferencing, content streaming, etc)

[king_of_alts]

Yeah, investment pool is a nice idea. But, where to find the interested parties.

I can submit an idea: to create a Fund for the organization of the pool, which conducts ICO and buys DUSK tokens in a private sale with the funds received. And then distributes these tokens between its investors in exchange for the tokens of this ICO...

who is trustworthy enough to do that ? especially considering how many scams that have been in the crypto space.

no human seems to be trustworthy enough but that's what smart contracts are for. But then you need to check if the contract has no backdoors. 

[lobat999]

STO platform is gaining some momentum but competition is rising too. DUSK needed to make some progress soon to penetrate market share. is there any updates on progress with development?
 

Our Devnet will launch this quarter and the cryptography module and the wallet are going to be made public quite soon.

As for the competition, most of the other projects build on top of Ethereum which offers no ledger privacy apart from zk-SNARKS (which is reliant on a trusted setup which needs to run at any configuration change). This basically forces issuers to avail of off-chain solutions which is very expensive and defeats the purpose of 1) decentralization 2) common task automation 3) streamline legal process 4) performances (as trading restriction needs to be arbitrated all the time through third party smart contracts, rather than being embedded at protocol level). So, to be able to meet the requirements of STOs, Ethereum needs third party platforms (like Polymath, Harbor, etc etc) which are basically application-level smart contracts, which resort mostly to off-chain processing, with no exception.

This is also because these platforms have absolutely no say at the protocol level and must adapt to what it is available to them. In that respect, they have a very limited control on the confidentiality level (and in fact they resort almost always to suboptimal off-chain solutions - see for example Harbor, Polymath or even Securitize) and are bound to biblical release time for anything that revolves around NFRs (Non Functional Requirements, such as, for instance, scalability, security, resource management, network configurations, SLAs, etc etc) since Ethereum must scale GLOBALLY all the propositions (meaning smart contracts or set of smart contracts)

Dusk is NOT a general purpose smart contract platform.
It is extremely focused on the use cases it intends to unlock and as a result it can be very specific in the strategies it adopts to scale and satisfy the NFRs of the use cases at hand.

It basically focuses on providing the right confidentiality in the 3 different scenario that render the platform a true network:
1 - Unidirectional atomic transfer of value (basically, payments)
2 - Bidirectional atomic exchange of value (transfer of asset ownership - securities fall in this category)
3 - Time unbound exchange of value (transmission of data stream - such as audiovisual conferencing, content streaming, etc)

I'm amazed that DUSK team strives to do what has not been done. In this sense, I'm also confident that they will pull this through and at the same time, am very excited to see major development milestones being realized asap.

[Amelie Poulain]

STO platform is gaining some momentum but competition is rising too. DUSK needed to make some progress soon to penetrate market share. is there any updates on progress with development?
 

Our Devnet will launch this quarter and the cryptography module and the wallet are going to be made public quite soon.

As for the competition, most of the other projects build on top of Ethereum which offers no ledger privacy apart from zk-SNARKS (which is reliant on a trusted setup which needs to run at any configuration change). This basically forces issuers to avail of off-chain solutions which is very expensive and defeats the purpose of 1) decentralization 2) common task automation 3) streamline legal process 4) performances (as trading restriction needs to be arbitrated all the time through third party smart contracts, rather than being embedded at protocol level). So, to be able to meet the requirements of STOs, Ethereum needs third party platforms (like Polymath, Harbor, etc etc) which are basically application-level smart contracts, which resort mostly to off-chain processing, with no exception.

This is also because these platforms have absolutely no say at the protocol level and must adapt to what it is available to them. In that respect, they have a very limited control on the confidentiality level (and in fact they resort almost always to suboptimal off-chain solutions - see for example Harbor, Polymath or even Securitize) and are bound to biblical release time for anything that revolves around NFRs (Non Functional Requirements, such as, for instance, scalability, security, resource management, network configurations, SLAs, etc etc) since Ethereum must scale GLOBALLY all the propositions (meaning smart contracts or set of smart contracts)

Dusk is NOT a general purpose smart contract platform.
It is extremely focused on the use cases it intends to unlock and as a result it can be very specific in the strategies it adopts to scale and satisfy the NFRs of the use cases at hand.

It basically focuses on providing the right confidentiality in the 3 different scenario that render the platform a true network:
1 - Unidirectional atomic transfer of value (basically, payments)
2 - Bidirectional atomic exchange of value (transfer of asset ownership - securities fall in this category)
3 - Time unbound exchange of value (transmission of data stream - such as audiovisual conferencing, content streaming, etc)

I'm amazed that DUSK team strives to do what has not been done. In this sense, I'm also confident that they will pull this through and at the same time, am very excited to see major development milestones being realized asap.

I also like that Dusk focuses on being one step ahead of its competitors, security is the very weak point in crypto, and it needs to be improved.

[cevap]

I'm amazed that DUSK team strives to do what has not been done. In this sense, I'm also confident that they will pull this through and at the same time, am very excited to see major development milestones being realized asap.

I also like that Dusk focuses on being one step ahead of its competitors, security is the very weak point in crypto, and it needs to be improved.

Dusk is one of rare projects whose team seems to know what they are doing. I see only good things ahead of this project, especially considering they are trying to improve security and speed of data transmission.

[bitcoin-shark]

Yeah, investment pool is a nice idea. But, where to find the interested parties.

I can submit an idea: to create a Fund for the organization of the pool, which conducts ICO and buys DUSK tokens in a private sale with the funds received. And then distributes these tokens between its investors in exchange for the tokens of this ICO...

the competition is beginning to be felt, unfortunately the investment limit is very high and perhaps is only for the industry operators, creating pools of investors could be a solution to be able to invest even small investors...

[aveon]

Yeah, investment pool is a nice idea. But, where to find the interested parties.

I can submit an idea: to create a Fund for the organization of the pool, which conducts ICO and buys DUSK tokens in a private sale with the funds received. And then distributes these tokens between its investors in exchange for the tokens of this ICO...

the competition is beginning to be felt, unfortunately the investment limit is very high and perhaps is only for the industry operators, creating pools of investors could be a solution to be able to invest even small investors...

Not a big deal, even the weakest ones would find their way out in order to survive. This way or another...

[Trrrt]

Yes pool was a good way to invest in private sale during ico bull run, now I think there is less pool working cause the ico market is really hard. To invest in dusk I think people can also wait directly the token on exchanges.