What is DUSK Network? About DUSK Token

What is DUSK Network?

DUSK Network is a blockchain platform designed to
offer privacy and security features for decentralized applications (dApps) and tokenized securities. It aims to provide a confidential transaction layer for blockchain-based applications, particularly in industries such as finance, supply chain, and healthcare.

DUSK Network promises to become a flexible blockchain protocol for the deployment of Zero-Knowledge applications and play an important role in the global ecosystem of decentralized applications.

Key features of Dusk Network include:

1. Privacy: DUSK Network utilizes a novel privacy protocol called SBA* that enables confidential transactions while maintaining regulatory compliance. This allows for secure and private interactions on the blockchain, protecting sensitive information such as transaction details and user identities.
2. Scalability: DUSK Network is designed to be highly scalable, capable of processing thousands of transactions per second (TPS). This scalability is achieved through a combination of techniques, including the use of a permissionless Layer-1 blockchain and Layer-2 scaling solutions.
3. Security: DUSK Network employs various security measures to ensure the integrity and immutability of transactions on the blockchain. These include cryptographic primitives, consensus mechanisms, and network-level protections against attacks and malicious actors.
4. Tokenization: DUSK Network supports the tokenization of assets, allowing users to create and manage digital representations of real-world assets on the blockchain. This enables fractional ownership, increased liquidity, and more efficient trading of assets such as securities, commodities, and real estate.

Overall, the DUSK token plays a crucial and central role in the DUSK Network ecosystem, facilitating transactions, securing the network, enabling various use cases and also providing utility, governance, and economic incentives to participants within the network.

Basic Information of DUSK Token

1. Token Symbol: DUSK
2. Blockchain Platform: DUSK Network operates on its own blockchain platform.
3. Token Type: DUSK is an ERC-20 token, meaning it follows the Ethereum token standard. However, it is important to note that Dusk Network has its own mainnet, so DUSK tokens can also exist on the Dusk Network's native blockchain.
4. Utility: DUSK tokens serve various purposes within the Dusk Network ecosystem. They can be used for paying transaction fees, participating in consensus mechanisms, accessing network services, and potentially for governance purposes, depending on the network's governance model.
5. Total Supply: The total supply of DUSK tokens is finite. At the time of creation, the total supply is typically predetermined and may vary depending on the project's tokenomics.

The Difference of Dusk Network

The DUSK Network distinguishes itself from other blockchain platforms primarily through its focus on privacy, scalability, and tokenized securities. It offers a unique privacy protocol called SBA* that enables confidential transactions while ensuring regulatory compliance. Unlike many other blockchain platforms, DUSK Network places a strong emphasis on tokenized securities, providing a platform for businesses to tokenize traditional financial assets such as equities and bonds. Additionally, DUSK Network is designed to be highly scalable, capable of processing thousands of transactions per second through a combination of Layer-1 and Layer-2 scaling solutions. This combination of privacy features, scalability, and focus on tokenized securities positions DUSK Network as a leading platform for decentralized applications in regulated industries.

DUSK Token Allocation

Allocation

• Private Sale: 50% of total supply.
• Partner Tokens: 11.81% of total supply.
• Technical Development Fund: 18.06% of total supply.
• Marketing & Events Tokens: 7.29% of total supply.
• Team Tokens: 6.42% of total supply.
• Advisor Tokens: 6.42% of total supply.

DUSK Token Release Schedule

Vesting

Storing and Trading DUSK Token

Market

DUSK is an ERC-20 standard token, so you can store it in Ethereum wallets like Metamask, Trust Wallet, Coin98 Wallet, Coinbase Wallet, cold wallets like Ledger, Trezor, and on exchanges like Binance, Bitget, BKEX, Bittrex, Gate.io, etc.