Dusk Network

1. What is the Token?

• Dusk Network (DUSK) is a blockchain platform focused on privacy, aiming to revolutionise financial applications by enabling the tokenisation of securities while ensuring compliance and maintaining anonymity through Zero-Knowledge proofs, ring signatures, and stealth addresses.

• DUSK is used for transaction fees, atomic swaps, and gas conversion, highlighting the platform’s dedication to secure and anonymous transactions.

2. Tokenomics

• DUSK incentivises consensus participation and acts as the primary currency within the Dusk Network, essential for paying transaction fees.

3. Market Data

As of today 22 December 2024, the price of Dusk Network is ₹18.29 INR, with a 24-hour trading volume of 13692455.36 USD. The market capitalization for Dusk Network is 91629680.39USD. The circulating supply is 466999999.32 Dusk Network, with the total supply also being 500000000 Dusk Network.

4. Token Pros and Cons

Pros:

• Dusk Network guarantees transaction privacy through the use of Zero-Knowledge proofs, enhancing security for users.

• It ensures compliance with global regulations, making it a viable option for financial institutions looking for blockchain solutions.

• The platform offers a decentralised environment with high transaction speeds, facilitating efficient operations.

Cons:

• Dusk Network faces stiff competition from other blockchains that focus on privacy and financial applications, challenging its market position.

5. Why Should You Invest in the Coin?

• Investing in DUSK is compelling for its emphasis on privacy and compliance in financial applications, its pioneering use of Zero-Knowledge proofs for regulated asset tokenisation, and its potential in decentralised trading.

6. USP of the Coin

• Dusk Network’s USP lies in its unique blend of privacy, regulatory compliance, and capability to tokenise securities in a secure, decentralised manner, appealing to financial institutions and regulated finance sectors.

7. Problem the Coin is Solving

• Dusk Network tackles the challenge of creating a privacy-centric, compliant blockchain platform for the tokenisation and decentralised trading of securities and financial instruments.

8. Founder and Team Background

• Founded in 2018 by Emanuele Francioni, Fulvio Venturelli, Jelle Pol, Pascal Putman, and Mels Dees, the Dusk Network team combines expertise in blockchain, finance, and compliance to merge traditional finance with decentralised finance.

9. Risks Associated in Investing in the Coin

The risks associated with investing in Dusk Network (DUSK) include:

• Market Volatility

• : Like any cryptocurrency, DUSK is subject to market volatility, which can lead to significant price fluctuations and investment losses.

• Regulatory Changes

• : Regulatory developments in the cryptocurrency and security token space could impact Dusk Network’s operations and adoption, posing regulatory risks to investors.

• Competition

• : Dusk Network faces competition from other projects in the privacy, compliance, and financial blockchain sectors, which could affect its market position and adoption.

• Exchange Dependency

• : The high concentration of DUSK’s trading volume on a single exchange, such as Binance, could pose a risk from a “key exchange” perspective, potentially impacting liquidity and price stability.

Investors should carefully consider these risks before investing in Dusk Network.

10. Whitepaper Insights

The Dusk Network whitepaper outlines a privacy-oriented blockchain designed for financial applications, emphasising the need for compliance and privacy in the tokenisation of securities. It introduces innovative technologies such as Zero-Knowledge proofs, a novel consensus mechanism called Segregated Byzantine Agreement, and the Confidential Security Contract standard (XSC) to ensure privacy and compliance.

The whitepaper details the DUSK token’s role within the ecosystem, including its use for transaction fees, staking, and participation in the network’s consensus mechanism. It also discusses the network’s architecture, focusing on scalability, security, and the ability to support confidential intelligent contracts. The whitepaper highlights Dusk Network’s potential to revolutionise the financial industry by providing a secure, compliant, and decentralised platform for issuing and trading digital securities. Through its focus on privacy and compliance, Dusk Network aims to bridge the gap between traditional finance and decentralised finance, enabling the creation of innovative financial products and services accessible to a broader audience.