Topic: [ANN] | DUSK Network | Privacy-oriented blockchain for Digital Securities! - page 112. (Read 145658 times)

Indeed, can't wait either, the announcement of the upcoming announcement has made me curious. Hope to hear some big news.

I hope they have some good news. Maybe they've got a strategic partnership or a whale investor. Can't wait to hear the news.

announcing an announcement is always hyping me. I can't wait to learn what it will be.

In about 3-3.5 hours I reckon.

Damn you guys are teasing me... what time is the announcement? I might set up my twitter alarms for your account today...

It says something very special, wish it is related to the big announcement which will bring more confidence to support the project. Lets wait and see!

Beside STO on DUSK, i am more interested in Anonymous Network Layer, Segregated Byzantine Agreement and Secure Tunnel Switching technology.  There are many thing with STO are still up in air,  eventually happen if underlying technology is better.

Is this related to the big announcement?  

Most of the other STO-oriented projects are all based on Ethereum. Ethereum is very poorly suited for both privacy and security which is exactly what's required by regulators when talking about STO's. Take for instance Polymath; You can't launch an STO on their platform without going through them (getting their approval), which indicates centralization. Using their platform is also done OFF-chain. All they are is a centralised enitity with some aspects related to blockchain. Most of the other projects don't focus on anonymity and privacy which is what is needed to launch an STO. Securities come paired with high KYC standards. If a project want to be fully regulatory compliant they'll need to have the KYC part figured out, it's the most important thing when it comes to securities. It's great to see that Dusk knows what is needed for a network suitable for launching STO's. Hence I don't think they need to rush because of the competition. To be completely honest; there's barely any competition. The other projects trying to accomplish such a platform will not get around regulatory standards, they're doomed to fail.

Anyways, I'm really excited to see how Dusk will tackle the trading of STO's. Perhaps some kind of DEX? you're building a private chain after all. Also can't wait for the exchange announcement this week, if it's a big exchange that's investing in Dusk then I'm sure you guys will deliver!

Yes, that's why I wanted to invest in DUSK but I can't due to minimum 100 ETH. Anonymity and privacy are a top priority for me.

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.

So imagine you purchased 1,000,000 tokens and want to withdraw the first second;
1,000,000 (total allocation) / 31,536,000 (total seconds in a year) * 1 = 0.032 DUSK

So imagine you purchased 1,000,000 tokens and want to withdraw after a week;
1,000,000 (total allocation) / 31,536,000 (total seconds in a year) * 604,800 (total seconds in a week) = 19,178.08 DUSK

So imagine you purchased 1,000,000 tokens and want to withdraw after a month;
1,000,000 (total allocation) / 31,536,000 (total seconds in a year) * 2,628,000 (total seconds in a month) = 83,333.33 DUSK

So imagine you purchased 1,000,000 tokens and want to withdraw after 9 months;
1,000,000 (total allocation) / 31,536,000 (total seconds in a year) * 23,652,000 (total seconds in 9 months) = 750,000 DUSK

I hope this clearifies it! If you have any more questions, feel free to ask

let's hope they make all that on time. delays will hurt this project. especially considering that the other projects coins are currently being used.

One of the strong point of Dusk is that it will deliver a complete solution if they succeed. From payment to data transfer.

Translator made a very good result in english and german, it was better than many translations from humans to be honest.

Perfectly. That is, you can be sure that you will not require KYC before swap.


Also, I do not quite understand this point: the remaining 500,000 tokens can be withdraw only after a year?

Does DASH qualifies to be at the above comparison table? It was also offering anonymous transactions ever since it started as DARKcoin.

yes at this point of the project the partnerships are very important, if they find as partners some companies that will use as a payment method their exchange the success would be assured...

Good point, didn't think about translating it as I'm able to read Dutch. I could possibly post the translated article here in English. It contains a few very good reason to why Dusk is more suitable for launching STO's compared to a few of its competitors.

Or use a translation website. Often machine translation generates an unreadable mess but this translated review is quite readable. The review explains the rationale behind DUSK and what makes DUSK stand out in the current crypto landscape.