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

[king_of_alts]

DUSK is a security token and it can be used to launch other tokens as ethereum does? Please correct me if I am wrong.

Dusk Network's native token DUSK is a utility token.

Ok that's good new, the SEC can't touch this ICO then.
Only security tokens can be influenced by the SEC afaik.

ETH is also a utility token and the SEC has said they would not interfere if the ETH ICO was today because it complies with their rule. So Dusk should be fine indeed.

[batako]

DUSK is a security token and it can be used to launch other tokens as ethereum does? Please correct me if I am wrong.

Dusk Network's native token DUSK is a utility token.

Ok that's good new, the SEC can't touch this ICO then.
Only security tokens can be influenced by the SEC afaik.

ETH is also a utility token and the SEC has said they would not interfere if the ETH ICO was today because it complies with their rule. So Dusk should be fine indeed.

I am not so familiar with the SEC policy but I wish dusk will be fine and won't be influenced by it. Some projects have to struggle with such policy recently as I know.

[Frank37]

DUSK is a security token and it can be used to launch other tokens as ethereum does? Please correct me if I am wrong.

Dusk Network's native token DUSK is a utility token.

Ok that's good new, the SEC can't touch this ICO then.
Only security tokens can be influenced by the SEC afaik.

ETH is also a utility token and the SEC has said they would not interfere if the ETH ICO was today because it complies with their rule. So Dusk should be fine indeed.

Never trust the SEC. Today so and tomorrow so ... It's better to be carefully.

[LastHiT]

You have partnership with Switcheo exchange? So this will be NEP5 tokens before maiinet? Not erc20? Or what goal in this collaboration?

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.

I understand that the team have the technical know how and expertise to carry on with this project and are doing the best to answer the queries of the community without making the responses too technical and instead, they try to make it simple and easily comprehensible to ordinary folks that are not well acquainted with blockchain technology. Great job team!

[wissy]

Last year there was pure speculation, i reckon we will not see anything like that till there will be some sign of crypto really going mainstream and being actually used for something else than just trading.

Its still a lot of speculation about crytpo but the difference is, they turned to negative ones and everyone is trading in fear which brings bad results.
We simply have too many projects and money got recklessly spend and now its lost in scamy projects.

[iad_xo]

what is current state of ICO? Setback in market may cause some issues raising funds.

[kraterion]

what is current state of ICO? Setback in market may cause some issues raising funds.

The problem is that if a private investor invested 1000 ETH one month ago, dollar value is not the same thing as today's value, unfortunally for them

[Margary]

DUSK is a security token and it can be used to launch other tokens as ethereum does? Please correct me if I am wrong.

Dusk Network's native token DUSK is a utility token.

Ok that's good new, the SEC can't touch this ICO then.
Only security tokens can be influenced by the SEC afaik.

ETH is also a utility token and the SEC has said they would not interfere if the ETH ICO was today because it complies with their rule. So Dusk should be fine indeed.

Never trust the SEC. Today so and tomorrow so ... It's better to be carefully.

now, generally, it is necessary to pay attention to everything, that is happening, especially in the cryptocurrency market.
you can not trust anyone. everything should be done with caution.

[rjp55]

DUSK is a security token and it can be used to launch other tokens as ethereum does? Please correct me if I am wrong.

Dusk Network's native token DUSK is a utility token.

Ok that's good new, the SEC can't touch this ICO then.
Only security tokens can be influenced by the SEC afaik.

ETH is also a utility token and the SEC has said they would not interfere if the ETH ICO was today because it complies with their rule. So Dusk should be fine indeed.

Never trust the SEC. Today so and tomorrow so ... It's better to be carefully.

Conditions can change in a second so can SEC. so yes don't trust any company or government..

[o48o]

You have partnership with Switcheo exchange? So this will be NEP5 tokens before maiinet? Not erc20? Or what goal in this collaboration?

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.

This is the reason why i was excited about him joining in. As this would be an insanely cool if it was on the same ecosystem too, not just building it from a fork that is.

[belechau]

what is current state of ICO? Setback in market may cause some issues raising funds.

The problem is that if a private investor invested 1000 ETH one month ago, dollar value is not the same thing as today's value, unfortunally for them

Problems like this will always exist, unfortunately, currency exchange has its risks, and every investor who has joined previously has this knowledge. Everyone wants to make a good profit by supporting good projects, but unforeseen things will always happen, as will the reversals

[bitcoin-shark]

so basically dusk tokens are utilityes token in theory should not undergo the influence of the sec but team must anyway still be careful, so dusk has partnered with switcheo i hope it comes out a dex of all respect ...

[Amelie Poulain]

what is current state of ICO? Setback in market may cause some issues raising funds.

The problem is that if a private investor invested 1000 ETH one month ago, dollar value is not the same thing as today's value, unfortunally for them

Problems like this will always exist, unfortunately, currency exchange has its risks, and every investor who has joined previously has this knowledge. Everyone wants to make a good profit by supporting good projects, but unforeseen things will always happen, as will the reversals

For those investors who planned to keep tokens for a long time, nothing will change, because the project will live and improve. I am sure that this crisis it's temporary phenomenon.

[Rigorous]

ETH is also a utility token and the SEC has said they would not interfere if the ETH ICO was today because it complies with their rule. So Dusk should be fine indeed.

As far as I remember one of the SEC officials said something along the lines of Ethereum may have been a security at some point in history, but because of the current level of decentralization it is not a security at this time.

Crypto currency, utility token, security token... To the SEC it is irrelevant what the asset is called. In order to determine whether it is a security they perform a duck test (does it look like a duck, quack like a duck, walk like a duck? then it probably is a duck), more specifically the Howey test.

In order for a financial instrument to be dubbed a security and fall under the purview of the SEC, the instrument must meet these four criteria:

It must be an investment of money
With an expectation of profit
In a common enterprise
With the profit to be generated by a third party.

But, since DUSK is not sold to US citizens this may be an irrelevant issue.

[PS92]

You have partnership with Switcheo exchange? So this will be NEP5 tokens before maiinet? Not erc20? Or what goal in this collaboration?

I have not seen the teamm announced about the partnership with Switcheo exchange, officially?
Why did you ask this?
Where did you get the info about the partnership?

Maybe he's talking about this news:

https://medium.com/dusk-network/ivan-poon-joins-dusk-network-as-strategic-advisor-a2f1bb1f2c11

But that just says Ivan Poon CEO and Co-Founder of Switcheohas joined Dusk Network as a Strategic Advisor.

[Token Williams]

DUSK is a security token and it can be used to launch other tokens as ethereum does? Please correct me if I am wrong.

Dusk Network's native token DUSK is a utility token.

Ok that's good new, the SEC can't touch this ICO then.
Only security tokens can be influenced by the SEC afaik.

True, but just saying it is a utility token doesn't make it one. Ethereum was most likely a security at the time of the offering as well, but because the platform is now so decentralized it no longer is. Unfortunately the succes of DUSK is still 100% dependant on the developers/team of DUSK, making it centralized and in my opinion a security in the eyes of the SEC. Question is: are they offering to US investors at the ICO?

[Felipeo]

I am a big fan of Switcheo with all of its look and feel making me trade so easily, so I guess we can say Ivan Poon will be a great asset for Dusk in the future development.

[levyashin]

DUSK is a security token and it can be used to launch other tokens as ethereum does? Please correct me if I am wrong.

Dusk Network's native token DUSK is a utility token.

Ok that's good new, the SEC can't touch this ICO then.
Only security tokens can be influenced by the SEC afaik.

SEC is trying to touch everything because for SEC every ico is a security.

But they are in Europe and don't accept US citizens so SEC won't be a problem.

[magisterr]

You have partnership with Switcheo exchange? So this will be NEP5 tokens before maiinet? Not erc20? Or what goal in this collaboration?

I have not seen the teamm announced about the partnership with Switcheo exchange, officially?
Why did you ask this?
Where did you get the info about the partnership?

Maybe he's talking about this news:

https://medium.com/dusk-network/ivan-poon-joins-dusk-network-as-strategic-advisor-a2f1bb1f2c11

But that just says Ivan Poon CEO and Co-Founder of Switcheohas joined Dusk Network as a Strategic Advisor.

Yes, they are their advisor and partner. And as devs said Switcheo will help DUSK develop own decentralized exchange for own internal tokens on Dusk blockhain.

[niklasmato]

DUSK is a security token and it can be used to launch other tokens as ethereum does? Please correct me if I am wrong.

Dusk Network's native token DUSK is a utility token.

Ok that's good new, the SEC can't touch this ICO then.
Only security tokens can be influenced by the SEC afaik.

ETH is also a utility token and the SEC has said they would not interfere if the ETH ICO was today because it complies with their rule. So Dusk should be fine indeed.

Never trust the SEC. Today so and tomorrow so ... It's better to be carefully.

Yeah they can turn around very fast if they see something they don't like.
But as for now, DUSK and Ethereum are safe ..