[ANN] | DUSK Network | Privacy-oriented blockchain for Digital Securities! - page 18.

magisterr

sr. member

Activity: 1372

Merit: 259

Quote from: EastSound on July 13, 2019, 06:25:27 PM

Quote from: magisterr on July 13, 2019, 04:20:59 AM

But is this possible to convert ERC tokens to BEP tokens? And how to do this? Do they have cross wallet for this or which wallets are supporting this now?

You cant convert it but the team is making a bridge to make it possible in the future.

But this is not possible right now? As I see they dont have own wallet... For example Tomochain made BEP tokens and made be-direction swap in own wallet. This should made DUSK asap

levyashin

sr. member

Activity: 980

Merit: 276

$CYBERCASH METAVERSE

Quote from: Cauchy on July 14, 2019, 04:45:48 PM

Quote from: tudor_simion on July 14, 2019, 02:37:54 PM

I'm still confused ... everyone is going to buy the tokens at the lowest price. If some of the ERC20 or BEP-2 tokens will have a higher price and will not sell, what happens to them? they will definitely must have a price close to each other. How will tokens will be substituted with coins if the ERC20 will be at diferent price compare to BEP-2 , or vice versa ? must be equalized in some way!

Prices will in theory be balanced by arbitragers. Have a look here for explanation; https://www.investopedia.com/terms/a/arbitrage.asp

If tokens will be on the same chain or there was any way to swap tokens, the price would be balanced by arbitragers. But on binance dex it is bep-20 and on bitfinex it is erc-20. They are completely different and can't be interacted. Because there is no arbitrage opportunity price can be very different.

king_of_alts

member

Activity: 476

Merit: 10

Quote from: lvsca on July 15, 2019, 03:23:07 AM

Quote from: tudor_simion on July 14, 2019, 02:37:54 PM

Quote from: viljy on July 14, 2019, 06:24:57 AM

Quote from: belechau on July 13, 2019, 03:30:23 PM

OK. I can understand that there are tokens in two different Chains now, and that this will bring greater popularity and access to larger exchanges in a timely manner, but when the native token of the DUSK network comes up, BEP2 and ERC will merge into one? How will this be possible if your prices fluctuate in opposite directions of value?

All tokens will be replaced with coins. The winners will be those buyers who will buy at a lower price. For example, they will buy ERC20 tokens if they are cheaper. Or they will buy BEP-2 if they are cheaper. Prices will stabilize in any case. So after all, the price of the same coin is different in different exchanges. That's not a problem either.

I'm still confused ... everyone is going to buy the tokens at the lowest price. If some of the ERC20 or BEP-2 tokens will have a higher price and will not sell, what happens to them? they will definitely must have a price close to each other. How will tokens will be substituted with coins if the ERC20 will be at diferent price compare to BEP-2 , or vice versa ? must be equalized in some way!

this question is happen to me some day ago, but after i understanding more, i got a conclution.
its like you trade btc in different exchange, lets say you buy btc in binance and stellarport, there is different type of coin you buy (one is real btc, other only tokenizing), you still can hold your btc from stellarport in your stellar wallet.
what happen with price? nothing happen. cause dusk use bep2 token in binance dex, and erc20 in other exchange. traders will do arbitrage to buy/sell token.

So, both tokens will be equal when it comes to the final swap. I didn't know that. It is an interesting approach. I have never seen this before. 2 tokens on two different chains.

Prince Corey du Lac

newbie

Activity: 70

Merit: 0

Why is this not available in Canada? What is the reason, I am confused.

iad_xo

sr. member

Activity: 448

Merit: 250

is this available on bittrex for US customers?

Frank37

sr. member

Activity: 770

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Since some days, the Dusk Browser Node occasionally stops counting the tokens in Brave (the symbol indicates that the extension is "on").
After switching "off" "on" the extension it works again and counts up the token.
Can someone confirm this behavior?

lvsca

sr. member

Activity: 1792

Merit: 293

👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

Quote from: tudor_simion on July 14, 2019, 02:37:54 PM

Quote from: viljy on July 14, 2019, 06:24:57 AM

Quote from: belechau on July 13, 2019, 03:30:23 PM

OK. I can understand that there are tokens in two different Chains now, and that this will bring greater popularity and access to larger exchanges in a timely manner, but when the native token of the DUSK network comes up, BEP2 and ERC will merge into one? How will this be possible if your prices fluctuate in opposite directions of value?

All tokens will be replaced with coins. The winners will be those buyers who will buy at a lower price. For example, they will buy ERC20 tokens if they are cheaper. Or they will buy BEP-2 if they are cheaper. Prices will stabilize in any case. So after all, the price of the same coin is different in different exchanges. That's not a problem either.

I'm still confused ... everyone is going to buy the tokens at the lowest price. If some of the ERC20 or BEP-2 tokens will have a higher price and will not sell, what happens to them? they will definitely must have a price close to each other. How will tokens will be substituted with coins if the ERC20 will be at diferent price compare to BEP-2 , or vice versa ? must be equalized in some way!

this question is happen to me some day ago, but after i understanding more, i got a conclution.
its like you trade btc in different exchange, lets say you buy btc in binance and stellarport, there is different type of coin you buy (one is real btc, other only tokenizing), you still can hold your btc from stellarport in your stellar wallet.
what happen with price? nothing happen. cause dusk use bep2 token in binance dex, and erc20 in other exchange. traders will do arbitrage to buy/sell token.

Cauchy

full member

Activity: 364

Merit: 100

Quote from: tudor_simion on July 14, 2019, 02:37:54 PM

Quote from: viljy on July 14, 2019, 06:24:57 AM

Quote from: belechau on July 13, 2019, 03:30:23 PM

OK. I can understand that there are tokens in two different Chains now, and that this will bring greater popularity and access to larger exchanges in a timely manner, but when the native token of the DUSK network comes up, BEP2 and ERC will merge into one? How will this be possible if your prices fluctuate in opposite directions of value?

All tokens will be replaced with coins. The winners will be those buyers who will buy at a lower price. For example, they will buy ERC20 tokens if they are cheaper. Or they will buy BEP-2 if they are cheaper. Prices will stabilize in any case. So after all, the price of the same coin is different in different exchanges. That's not a problem either.

I'm still confused ... everyone is going to buy the tokens at the lowest price. If some of the ERC20 or BEP-2 tokens will have a higher price and will not sell, what happens to them? they will definitely must have a price close to each other. How will tokens will be substituted with coins if the ERC20 will be at diferent price compare to BEP-2 , or vice versa ? must be equalized in some way!

Prices will in theory be balanced by arbitragers. Have a look here for explanation; https://www.investopedia.com/terms/a/arbitrage.asp

o48o

legendary

Activity: 2982

Merit: 1149

Leading Crypto Sports Betting & Casino Platform

Quote from: tudor_simion on July 14, 2019, 02:37:54 PM

I'm still confused ... everyone is going to buy the tokens at the lowest price. If some of the ERC20 or BEP-2 tokens will have a higher price and will not sell, what happens to them? they will definitely must have a price close to each other. How will tokens will be substituted with coins if the ERC20 will be at diferent price compare to BEP-2 , or vice versa ? must be equalized in some way!

What do you mean on what happens to them? They are just a placeholder tokens before the mainnet and they are representing the same coin. They just happen to have them in 2 chains. When the mainnet comes they will be both swapped to it 1:1 and then there's only one chain.

tudor_simion

member

Activity: 349

Merit: 12

Quote from: viljy on July 14, 2019, 06:24:57 AM

Quote from: belechau on July 13, 2019, 03:30:23 PM

OK. I can understand that there are tokens in two different Chains now, and that this will bring greater popularity and access to larger exchanges in a timely manner, but when the native token of the DUSK network comes up, BEP2 and ERC will merge into one? How will this be possible if your prices fluctuate in opposite directions of value?

All tokens will be replaced with coins. The winners will be those buyers who will buy at a lower price. For example, they will buy ERC20 tokens if they are cheaper. Or they will buy BEP-2 if they are cheaper. Prices will stabilize in any case. So after all, the price of the same coin is different in different exchanges. That's not a problem either.

I'm still confused ... everyone is going to buy the tokens at the lowest price. If some of the ERC20 or BEP-2 tokens will have a higher price and will not sell, what happens to them? they will definitely must have a price close to each other. How will tokens will be substituted with coins if the ERC20 will be at diferent price compare to BEP-2 , or vice versa ? must be equalized in some way!

MandatoryOption

member

Activity: 546

Merit: 12

Quote from: sockpuppet1911 on July 11, 2019, 10:18:02 AM

Quote from: MandatoryOption on July 11, 2019, 10:01:29 AM

Can someone quickly sum up the differences between the tokens on Binance Dex and the ERC20 tokens? Will both tokens have the same use case?

They are both the same token, but in the different blockchains (erc20 and bep2) so you can't (not yet) transfer erc 20 tokens to binance or binance tokens to eth chain. Later both tokens can be swapped into same dusk blockchain coins.

So besides that they both are on different blockchains atm there isn't much that makes them differ from each other? And you were talking about a swap to their native coins. Is there already an roughly estimated date when this could be possible?

viljy

hero member

Activity: 1736

Merit: 857

Quote from: belechau on July 13, 2019, 03:30:23 PM

OK. I can understand that there are tokens in two different Chains now, and that this will bring greater popularity and access to larger exchanges in a timely manner, but when the native token of the DUSK network comes up, BEP2 and ERC will merge into one? How will this be possible if your prices fluctuate in opposite directions of value?

All tokens will be replaced with coins. The winners will be those buyers who will buy at a lower price. For example, they will buy ERC20 tokens if they are cheaper. Or they will buy BEP-2 if they are cheaper. Prices will stabilize in any case. So after all, the price of the same coin is different in different exchanges. That's not a problem either.

EastSound

sr. member

Activity: 1377

Merit: 268

Quote from: magisterr on July 13, 2019, 04:20:59 AM

Quote from: EastSound on July 12, 2019, 07:10:26 PM

Quote from: bitcoin-shark on July 12, 2019, 03:54:03 PM

moment, i'm still a bit confused, tokens are listed on binance, ethfinex and bitfinex as erc20 token and on binance dex as bep-2? so the two versions coexist and can be traded simultaneously?...

yes, you can trade both if you have bep and erc dusk tokens. There are only 50m dusk bep tokens and rest of the remaining are erc tokens.

But is this possible to convert ERC tokens to BEP tokens? And how to do this? Do they have cross wallet for this or which wallets are supporting this now?

You cant convert it but the team is making a bridge to make it possible in the future.

belechau

full member

Activity: 686

Merit: 100

Quote from: wissy on July 13, 2019, 02:28:46 PM

Quote from: Altcoinrusher on July 13, 2019, 10:56:20 AM

Let us not be confused by DUSK adopting ERC-20 and BEP-2 standards since I was thinking that it is a strategic move to reach out to more stakeholders as possible thus enabling a more wider distribution of the token but if I'm not mistaken, in the end and once the mainnet goes live, this tokens will be naturally swapped to DUSK Network's native token (DUSK) and will be consolidated accordingly.

This is how i interpret this whole situation also, and it seems like their decision to adopt BEP-2 is working out in terms of popularity. We see this all the time with ERC20 but i never saw a project doing more blockchains together.

OK. I can understand that there are tokens in two different Chains now, and that this will bring greater popularity and access to larger exchanges in a timely manner, but when the native token of the DUSK network comes up, BEP2 and ERC will merge into one? How will this be possible if your prices fluctuate in opposite directions of value?

wissy

full member

Activity: 658

Merit: 102

Quote from: Altcoinrusher on July 13, 2019, 10:56:20 AM

Let us not be confused by DUSK adopting ERC-20 and BEP-2 standards since I was thinking that it is a strategic move to reach out to more stakeholders as possible thus enabling a more wider distribution of the token but if I'm not mistaken, in the end and once the mainnet goes live, this tokens will be naturally swapped to DUSK Network's native token (DUSK) and will be consolidated accordingly.

This is how i interpret this whole situation also, and it seems like their decision to adopt BEP-2 is working out in terms of popularity. We see this all the time with ERC20 but i never saw a project doing more blockchains together.

o48o

legendary

Activity: 2982

Merit: 1149

Leading Crypto Sports Betting & Casino Platform

I've been now reading about xcs standard while trying to figure out your research posts, and while most of the tech seems like magic to me, i can see more possibilities every time i read them once again and i keep grinning like an idiot because i invested into this.
Keep up the good work. Ps: can't wait those good news, the waiting drives me crazy.

Altcoinrusher

full member

Activity: 616

Merit: 100

Let us not be confused by DUSK adopting ERC-20 and BEP-2 standards since I was thinking that it is a strategic move to reach out to more stakeholders as possible thus enabling a more wider distribution of the token but if I'm not mistaken, in the end and once the mainnet goes live, this tokens will be naturally swapped to DUSK Network's native token (DUSK) and will be consolidated accordingly.

the_donald

full member

Activity: 588

Merit: 100

Quote from: magisterr on July 13, 2019, 04:20:59 AM

Quote from: EastSound on July 12, 2019, 07:10:26 PM

Quote from: bitcoin-shark on July 12, 2019, 03:54:03 PM

moment, i'm still a bit confused, tokens are listed on binance, ethfinex and bitfinex as erc20 token and on binance dex as bep-2? so the two versions coexist and can be traded simultaneously?...

yes, you can trade both if you have bep and erc dusk tokens. There are only 50m dusk bep tokens and rest of the remaining are erc tokens.

But is this possible to convert ERC tokens to BEP tokens? And how to do this? Do they have cross wallet for this or which wallets are supporting this now?

This has to be confusing for the average user. crypto is information heavy as it is, you shouldn't add on top of it.

magisterr

sr. member

Activity: 1372

Merit: 259

Quote from: EastSound on July 12, 2019, 07:10:26 PM

Quote from: bitcoin-shark on July 12, 2019, 03:54:03 PM

moment, i'm still a bit confused, tokens are listed on binance, ethfinex and bitfinex as erc20 token and on binance dex as bep-2? so the two versions coexist and can be traded simultaneously?...

yes, you can trade both if you have bep and erc dusk tokens. There are only 50m dusk bep tokens and rest of the remaining are erc tokens.

But is this possible to convert ERC tokens to BEP tokens? And how to do this? Do they have cross wallet for this or which wallets are supporting this now?

king_of_alts

member

Activity: 476

Merit: 10

Quote from: lvsca on July 12, 2019, 11:49:07 PM

Quote from: EastSound on July 12, 2019, 07:10:26 PM

Quote from: bitcoin-shark on July 12, 2019, 03:54:03 PM

moment, i'm still a bit confused, tokens are listed on binance, ethfinex and bitfinex as erc20 token and on binance dex as bep-2? so the two versions coexist and can be traded simultaneously?...

yes, you can trade both if you have bep and erc dusk tokens. There are only 50m dusk bep tokens and rest of the remaining are erc tokens.

well, lets positif thinking that the exchange (bitfinex) or dusk itself give us swap option, so we can do arbitrage trading. when we withdraw token from binance dex and want to deposit to bitfinex, our token will be automated swap. that if bitfinex supporting binance dex to

Interesting way to swap. you just have to deposit the old tokens on an exchange. However, will you be able to swap without an exchange as well?

Topic: [ANN] | DUSK Network | Privacy-oriented blockchain for Digital Securities! - page 18. (Read 145656 times)