[ANN] | DUSK Network | Privacy-oriented blockchain for Digital Securities! - page 121.

DuskNetwork

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Activity: 474

Merit: 21

Quote from: iad_xo on October 16, 2018, 07:12:09 AM

is DUSK is planning to do code audit with 3rd party? Can you provide updates on current status of ICO in progress to community?

Yes, the code is going to be audited in modules by a 3rd party before being made public. We have a partnership with TNO signed, who are going to be doing research, formal verification of the cryptographic primitives and the code. Here's their website: https://www.tno.nl/en/
Aside from that, we also have a partnership with another European research organization that I cannot disclose yet.

The cryptography module and the wallet are going to be made public quite soon.

For investors in talks, we are able to provide a cryptographic module for inspection

DuskNetwork

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Activity: 474

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Quote from: Makkara on October 16, 2018, 11:27:17 PM

Anybody can copy the code but not many people may have a deeper understanding to use and modifying it. The value is not really in the code itself but in who can write it and understand it.

That said i wish if any part will be kept secret is not going to be any core functionalities.

All the code will be released to GitHub at some point. As of now we're just working in a private repository until each section passes a security audit. We plan on having a community driven group, essentially, anybody who has the required skills is able to join and contribute to various different tasks. We also plan to release the Devnet this quarter so by then there will definitely be code released to Github for the public.

beeelzebub

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Bcnex - The Ultimate Blockchain Trading Platform

Well, every good projects only do a private sale nowadays. I wanted to buy but 100 eth is someting i can't invest in single project.

Still, i can understand the reason behind this. I can always buy from exchanges.

Makkara

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Anybody can copy the code but not many people may have a deeper understanding to use and modifying it. The value is not really in the code itself but in who can write it and understand it.

That said i wish if any part will be kept secret is not going to be any core functionalities.

Rigorous

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Quote from: kraterion on October 16, 2018, 12:49:05 PM

Quote from: iad_xo on October 16, 2018, 07:12:09 AM

is DUSK is planning to do code audit with 3rd party? Can you provide updates on current status of ICO in progress to community?

He already said it a couple posts above, their code will be security audited. About Github repositories, in my opinion not everything must be opensource (even if it's crypto's spirit)

I do not necessarily agree or disagree with that statement, but could you tell why you think that way? Is hiding code in compiled form safe enough or just as flawed as security by obfuscation? Does closed source code give more value to a project because it cannot be copied as easily?

belechau

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Actually, dropping 100 ETHs today is something to think about, even with all the Team's potential and dedication to take the project forward, it is currently accessible to or close to large whales

Trrrt

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It’s common to see project with a huge cap to invest during the pre sale, or it was common during the ico bull run. Dusk network have a minimum cap like most of project with a private sale. Regular investors will be able to buy after it if it is sucessfull I think.

Amelie Poulain

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Quote from: king_of_alts on October 16, 2018, 12:40:00 PM

Quote from: pynetx on October 16, 2018, 08:30:47 AM

Quote from: DuskNetwork on October 15, 2018, 04:33:30 AM

Quote from: pynetx on October 15, 2018, 04:20:01 AM

100 eth are too much also for me, so for now the project is aimed only at large investors, i hope however to be able to buy some token at a later time when they will be listed on some exchange...

100 ETH at current exchange rate is around $20,000
i think, they will ask KYC for this investment, and yes, its huge amount for private sale minimum

They are clearly targeting whales and big institutional investors, for them 100 ETH should be no problem. It's a pity however that smaller investors can't invest.

The smaller investors will have their time after the private sale I am sure. There will probably a pre-sale with a comparable price.
[/quote]
Everything is relative, for large whales it's not a big amount - but I'm not sure that whales may be interested - now is not the best time to invest because of bear market.

kraterion

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Quote from: iad_xo on October 16, 2018, 07:12:09 AM

is DUSK is planning to do code audit with 3rd party? Can you provide updates on current status of ICO in progress to community?

He already said it a couple posts above, their code will be security audited. About Github repositories, in my opinion not everything must be opensource (even if it's crypto's spirit)

king_of_alts

member

Activity: 476

Merit: 10

Quote from: pynetx on October 16, 2018, 08:30:47 AM

Quote from: DuskNetwork on October 15, 2018, 04:33:30 AM

Quote from: pynetx on October 15, 2018, 04:20:01 AM

100 eth are too much also for me, so for now the project is aimed only at large investors, i hope however to be able to buy some token at a later time when they will be listed on some exchange...

100 ETH at current exchange rate is around $20,000
i think, they will ask KYC for this investment, and yes, its huge amount for private sale minimum

They are clearly targeting whales and big institutional investors, for them 100 ETH should be no problem. It's a pity however that smaller investors can't invest.
[/quote]

The smaller investors will have their time after the private sale I am sure. There will probably a pre-sale with a comparable price.

bitcoin-shark

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Activity: 2968

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Quote from: pynetx on October 16, 2018, 08:30:47 AM

Quote from: DuskNetwork on October 15, 2018, 04:33:30 AM

Quote from: pynetx on October 15, 2018, 04:20:01 AM

what is the initial token price and what is the minimum investment for Private sale?

We are selling 250M tokens which is 50% of the total supply. Our hardcap is 14.4M, so the token price is around 5,8cent ($0,0576 precise). The minimum contribution in the private sale is 100 eth.

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

100 eth are too much also for me, so for now the project is aimed only at large investors, i hope however to be able to buy some token at a later time when they will be listed on some exchange...

aveon

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Activity: 434

Merit: 10

Quote from: pynetx on October 16, 2018, 08:30:47 AM

Quote from: DuskNetwork on October 15, 2018, 04:33:30 AM

Quote from: pynetx on October 15, 2018, 04:20:01 AM

what is the initial token price and what is the minimum investment for Private sale?

We are selling 250M tokens which is 50% of the total supply. Our hardcap is 14.4M, so the token price is around 5,8cent ($0,0576 precise). The minimum contribution in the private sale is 100 eth.

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

Huge amount of money for a hamster, right? I guess the participants of private sale would be no them. I want to invest some capital into this project, but not 100ETH...

pynetx

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Activity: 798

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Quote from: DuskNetwork on October 15, 2018, 04:33:30 AM

Quote from: pynetx on October 15, 2018, 04:20:01 AM

what is the initial token price and what is the minimum investment for Private sale?

We are selling 250M tokens which is 50% of the total supply. Our hardcap is 14.4M, so the token price is around 5,8cent ($0,0576 precise). The minimum contribution in the private sale is 100 eth.

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

loup

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Activity: 462

Merit: 100

Quote from: bitcoinbulk on October 16, 2018, 05:55:23 AM

Quote from: DuskNetwork on October 14, 2018, 01:42:34 AM

Quote from: magisterr on October 11, 2018, 07:30:05 PM

Buy every participiants will have same lock-up period for tokens or differents? Do you have some bonuses for long term investors (like in Pundi for example) ?

There are no bonusses at all and EVERYONE is subject to the Second-by-Second vesting mechanism. The team also has their tokens locked for 12 months before the vesting starts.

Finally a team that thinks logically for ALL of their customers instead of just trying to reward the ones with the big pockets. Good job with this, I think it's going to work out really well!

This must be one of the few projects if not the only one that doesn't have any bonus. That means they think their project is good enough to attract investors without that marketing strategy.

iad_xo

sr. member

Activity: 448

Merit: 250

is DUSK is planning to do code audit with 3rd party? Can you provide updates on current status of ICO in progress to community?

MattLeBlanc

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Quote from: DuskNetwork on October 16, 2018, 05:42:26 AM

Quote from: Makkara on October 16, 2018, 04:06:05 AM

When do you plan to start committing code to github? There must be a lot of people which are curious to see it Cool

The code is developed in a private Github repository and will be made public in sections after each section passes a security audit. 😊

Its definitely suggested to public it after satisfactory security runs. Lots of blackhat and whitehat hackers are working on these things and they will be waiting for bugs which can be manipulated.

bitcoinbulk

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Ternion | Hybrid Crypto Exchange with fiat gateway

Quote from: DuskNetwork on October 14, 2018, 01:42:34 AM

Quote from: magisterr on October 11, 2018, 07:30:05 PM

Buy every participiants will have same lock-up period for tokens or differents? Do you have some bonuses for long term investors (like in Pundi for example) ?

There are no bonusses at all and EVERYONE is subject to the Second-by-Second vesting mechanism. The team also has their tokens locked for 12 months before the vesting starts.

Finally a team that thinks logically for ALL of their customers instead of just trying to reward the ones with the big pockets. Good job with this, I think it's going to work out really well!

DuskNetwork

copper member

Activity: 474

Merit: 21

Quote from: o48o on October 16, 2018, 05:20:20 AM

Quote from: DuskNetwork on October 15, 2018, 07:44:41 AM

Quote from: iad_xo on October 15, 2018, 07:32:08 AM

How much DUSK have raised so far? Is there any plan for exchange?

The exact amount raised is not known to me due to private agreements. 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."

I have a pretty good hunch about that exchange, but would our speculating on what exchange it is, by narrowing down the the listing policies of the possible exchanges harm your contract with them?

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

DuskNetwork

copper member

Activity: 474

Merit: 21

Quote from: Makkara on October 16, 2018, 04:06:05 AM

When do you plan to start committing code to github? There must be a lot of people which are curious to see it Cool

The code is developed in a private Github repository and will be made public in sections after each section passes a security audit. 😊

o48o

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Quote from: DuskNetwork on October 15, 2018, 07:44:41 AM

Quote from: iad_xo on October 15, 2018, 07:32:08 AM

How much DUSK have raised so far? Is there any plan for exchange?

The exact amount raised is not known to me due to private agreements. 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."

I have a pretty good hunch about that exchange, but would our speculating on what exchange it is, by narrowing down the the listing policies of the possible exchanges harm your contract with them?

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