[ANN] | DUSK Network | Privacy-oriented blockchain for Digital Securities! - page 114.

kraterion

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🚀🚀 ATHERO.IO 🚀🚀

Quote from: Makkara on October 22, 2018, 04:00:16 AM

Quote from: Rigorous on October 21, 2018, 07:26:51 PM

For us the BVC is the partner that will enable DUSK to trade on the best US exchanges.

Finally, the BVC will help Dusk Network get a foot on the ground in the USA’s regulatory space. Dusk Network’s STO Incubator will initially focus on well understood local jurisdictions, but will inevitably tackle the USA’s securities space. A local partner will be a requirement to prevent a difficult process becoming impossible.

So they are actually going to do it. Trade as DUSK as securities on US exchanges. Will it be the first security token to be allowed? Does anyone know what is the legal status of Polymath, another security token?

I don't know about Polymath, but the part you quoted above is going to be quite significant if they manage to be accepted, even if it doesn't mean Dusk it's necessarily a security, maybe the team can clarify this.

as far as I understood Dusk isn't a security token at all, it's like Swarm, which an ecosystem made of security tokens but SWM itself is an utility token. I don't know about Polymath but maybe it's the same

DuskNetwork

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Quote from: Ninjaboiii on October 22, 2018, 10:52:41 AM

So this week the big announcement regarding the exchange will be released?

That's correct Wink

Ninjaboiii

newbie

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So this week the big announcement regarding the exchange will be released?

bitcoinbulk

full member

Activity: 280

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Ternion | Hybrid Crypto Exchange with fiat gateway

Quote from: jonnytracker on October 22, 2018, 03:36:21 AM

Do you think there will be a mainstream use of this service / platform

I would hope that the team believes there will be use, otherwise they wouldn't create the platform. Also, anyone willing to invest also believes in the team and the project!

iad_xo

sr. member

Activity: 448

Merit: 250

is there anyone have created competitive analysis of DUSK platform with other projects in existence? May help understand value

DuskNetwork

copper member

Activity: 474

Merit: 21

Quote from: viljy on October 22, 2018, 07:14:39 AM

Quote from: DuskNetwork on October 22, 2018, 04:56:27 AM

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.

More information on the ending of the privatesale will follow soon. The softcap has been reached Wink

That is, tokens can actually be taken away completely in a year? Does this mean that there will be swap tokens for coins only after this moment?

Basically we foresee plenty of options to migrate the vesting to the mainnet currency after the token swap moment, so that we do not have to continue vesting an ERC20 for x months after it's no longer relevant, we also foresee we can do this without impacting any privacy or disclosing user info.

pynetx

sr. member

Activity: 798

Merit: 262

Quote from: o48o on October 22, 2018, 07:53:09 AM

Quote from: DuskNetwork on October 22, 2018, 04:56:27 AM

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.

More information on the ending of the privatesale will follow soon. The softcap has been reached Wink

Congratulations! But to be honest having softcap raised didn't really surprise me; Not having a hardcap raised would surprise me though

.

If they have been running an ICO them hard cap would have achieved in no time but, in private sale it's a bit difficult to find the suitable investor.

loup

full member

Activity: 462

Merit: 100

Quote from: king_of_alts on October 22, 2018, 08:15:43 AM

Quote from: viljy on October 22, 2018, 07:14:39 AM

Quote from: DuskNetwork on October 22, 2018, 04:56:27 AM

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.

More information on the ending of the privatesale will follow soon. The softcap has been reached Wink

That is, tokens can actually be taken away completely in a year? Does this mean that there will be swap tokens for coins only after this moment?

Yes, after a year all tokens will be unlocked.
It would make some sense to swap only after this lock up period but maybe they will leave open the option to swap for a long time and decide to swap before the year ends.

Many of last year's quick hands are already out of the market but still its too much time.

king_of_alts

member

Activity: 476

Merit: 10

Quote from: viljy on October 22, 2018, 07:14:39 AM

Quote from: DuskNetwork on October 22, 2018, 04:56:27 AM

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.

More information on the ending of the privatesale will follow soon. The softcap has been reached Wink

That is, tokens can actually be taken away completely in a year? Does this mean that there will be swap tokens for coins only after this moment?

Yes, after a year all tokens will be unlocked.
It would make some sense to swap only after this lock up period but maybe they will leave open the option to swap for a long time and decide to swap before the year ends.

o48o

legendary

Activity: 2982

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Leading Crypto Sports Betting & Casino Platform

Quote from: DuskNetwork on October 22, 2018, 04:56:27 AM

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.

More information on the ending of the privatesale will follow soon. The softcap has been reached Wink

Congratulations! But to be honest having softcap raised didn't really surprise me; Not having a hardcap raised would surprise me though

.

viljy

hero member

Activity: 1736

Merit: 857

Quote from: DuskNetwork on October 22, 2018, 04:56:27 AM

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.

More information on the ending of the privatesale will follow soon. The softcap has been reached Wink

That is, tokens can actually be taken away completely in a year? Does this mean that there will be swap tokens for coins only after this moment?

the_donald

full member

Activity: 588

Merit: 100

Quote from: jonnytracker on October 22, 2018, 03:36:21 AM

Do you think there will be a mainstream use of this service / platform

I hope so, there have been other data projects, so there's definitely a demand in this field.

matjas

full member

Activity: 798

Merit: 115

Quote from: jonnytracker on October 22, 2018, 03:36:21 AM

Do you think there will be a mainstream use of this service / platform

I should hope so. The platform would provide great perks and above all it would be able to reduce costs by up to 30% which is a great result. That only is a good incentive to try out the platform.

DuskNetwork

copper member

Activity: 474

Merit: 21

Quote from: belechau on October 21, 2018, 06:58:39 PM

Great news for us as investors and companions of Dusk's progress. But how can this partnership contribute in the short term and long term to the development of the project?

Most is mentioned in the article itself;

"The BVC provides connections with solid public research and can kickstart adoption through user groups, node-running communities, public developers, and many more academically relevant avenues. They will be the key player to connect Dusk Network to the top Universities in the USA and the rest of the Americas, to ensure a healthy talent pipeline for Dusk Network.

Another key element the BVC is bringing to the table is their great connections to major exchanges in the USA. Dusk Network has a solid network in Europe, and wants to operate at the same level on all continents. For us the BVC is the partner that will enable DUSK to trade on the best US exchanges.

Finally, the BVC will help Dusk Network get a foot on the ground in the USA’s regulatory space. Dusk Network’s STO Incubator will initially focus on well understood local jurisdictions, but will inevitably tackle the USA’s securities space. A local partner will be a requirement to prevent a difficult process becoming impossible."

DuskNetwork

copper member

Activity: 474

Merit: 21

Quote from: o48o on October 21, 2018, 07:58:39 AM

I've been wondering on how will i market this to my friends in a one sentence in the future. You guys have any idea how to encapsulate the essential information about Dusk network to one sentence? Or a slogan?

A decentralized infrastructure focused on providing the sweet-spot between privacy and transparency in asset transfer; Security Token Offerings (STO), Regulatory Compliant Confidential Payments and secure communication.

You could rephrase the hard words to something easier like; asset, value and data transfer Wink

DuskNetwork

copper member

Activity: 474

Merit: 21

Quote from: traveler007 on October 20, 2018, 03:25:48 PM

Quote from: DuskNetwork on October 19, 2018, 04:15:54 AM

Quote from: traveler007 on October 19, 2018, 03:36:26 AM

When coins will be trading at exchanges? You will distribute ERC tokens at first or investors must wait native coins and your own blockchain?

The exact listing date has not been announced. All of the tokens will be subject to Second-By-Second vesting. We will release the ERC20 equivalent token to the market first.

What this means "Second-By-Second vesting"? Can you explaine as I hear this first time Huh

And when private sale ends? You raised softcap already?

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.

More information on the ending of the privatesale will follow soon. The softcap has been reached Wink

Makkara

full member

Activity: 1064

Merit: 166

Quote from: Rigorous on October 21, 2018, 07:26:51 PM

For us the BVC is the partner that will enable DUSK to trade on the best US exchanges.

Finally, the BVC will help Dusk Network get a foot on the ground in the USA’s regulatory space. Dusk Network’s STO Incubator will initially focus on well understood local jurisdictions, but will inevitably tackle the USA’s securities space. A local partner will be a requirement to prevent a difficult process becoming impossible.

So they are actually going to do it. Trade as DUSK as securities on US exchanges. Will it be the first security token to be allowed? Does anyone know what is the legal status of Polymath, another security token?

I don't know about Polymath, but the part you quoted above is going to be quite significant if they manage to be accepted, even if it doesn't mean Dusk it's necessarily a security, maybe the team can clarify this.

jonnytracker

sr. member

Activity: 672

Merit: 261

Do you think there will be a mainstream use of this service / platform

batako

sr. member

Activity: 1022

Merit: 252

Quote from: Trrrt on October 21, 2018, 07:03:45 PM

Nice to see another partner for dusk network, I think it’s very important for a project to have solid partner, to raise fund and to help to develop the project. Dusk network team manage very well that part I think.

The more the partners they got means the project is good enough. Yep, it is very nice to see more partnership being made by the team and this for sure will bring a good confidence for investors.

levyashin

sr. member

Activity: 980

Merit: 276

$CYBERCASH METAVERSE

Quote from: DuskNetwork on October 21, 2018, 02:49:52 PM

Quote from: Felipeo on October 21, 2018, 02:12:31 PM

Why do you guys think whales wont dump.? They have done in the past for mere 10-50 sat profit. When you have a huge stash of tokens, even that small profit is allot bigger in terms of money.

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 the circulating supply will be amazingly tight at the beginning.

I wonder how would it affect.

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