Release of Dusk Network’s Biannual Report, a comprehensive overview of our progress including financials, partnerships, staking statistics, and more
Release of our Economic Model Paper, detailing the token economics of the Dusk network infrastructure
Binance has enabled Isolated Margin Trading for DUSK and launched a zero-interest promotion for borrowing DUSK from Nov. 3 to Nov. 10
“Growth is never by mere chance; it is the result of forces working together”
― JAMES CASH PENNEY
GROWTH
If anything, the pandemic has illustrated how the limiting of our physical space doesn’t have to mean a lack of growth in our business network. With physical meetups and presentations making way for virtual events and stages, one thing is clear: we are ready for a digital world. In fact, our industry thrives on the efficiency and frictionless nature such a work environment can facilitate.
Growth is often born from necessity, and the on-going pandemic has exposed the weaknesses in the financial sector we strive to remedy. The creation of a new financial ecosystem for digital assets is coming to fruition. Our recently released Biannual Business Report is the ideal resource to familiarize yourself further with the current state of Dusk Network and how our privacy-compliant blockchain is set to revolutionize systems currently in place.
Are you interested in partnering with Dusk Network? Don’t hesitate to contact us, reach out to business@dusk.network.
In order for Dusk Network to sustain growth, it is vital to have a suitable token economy in place. After all, DUSK is the fuel of our network; businesses use DUSK to pay for the network’ services and DUSK is also used as a reward for consensus participants. To ensure the longevity of the project, these tokenomics have to be planned, detailed, and documented. And that’s exactly what we did.
This month we released both our tech-heavy Economic Model Paper as well as the supplementary Insights & Highlights document, a summarized guide to the dynamics of our token economy.
Growth also comes in the form of new options. That’s why we’re excited to see Binance enable Isolated Margin Trading for DUSK & DUSK/BTC, DUSK/USDT trading pairs while also announcing a zero-interest promotion for borrowing DUSK from 2020/11/03 6:00 AM (UTC) to 2020/11/10 05:59 AM (UTC).
Just as the implementation of Zedger and the XSC standard in our blockchain allow for unprecedented control of one’s assets, so too do we strive to give token holders additional control by providing more trading options.
STAKING
We continue to see our community show their support, with the growing number of Block Generators and Provisioners. Currently the 315 Block Generators and 116 Provisioners account for a total of 15.7% of the circulating supply of DUSK locked. That’s over 43 million DUSK. With every passing day these supporters are reaping the benefits of staking their holdings with a yearly return of 12% to 13% depending on their role.
The respective roles stakers play in Dusk Network will only become more vital as time goes on. We highly recommend you become a Block Generator or Provisioner and start earning DUSK today! Find out how on our Staking website.
EVENTFUL
Coming up in November:
We co-organize Rust Fest Global, the first virtual edition which is scheduled for this weekend (7 & 8 November)
Momentum by Odyssey will be held on November 13-15. The Open Innovation Program is a 49 hour lasting event where complex 21-st century challenges are solved. Dusk Network fuels future challenges like this and is involved as track mayor
We hope to see you at the virtual Dutch Blockchain Week, make sure you get your free tickets before November 13
THE LIGHT OF DAY
These things caught the attention on the internet the past month:
Podcast Bankless is your go-to explanation for understanding the ‘State of the Bankless Nation’ by Ryan Sean Adams and guests. As a journalist and investor Adams became an evangelist for a bankless society and in the podcast they investigate every pro and con of this ideology.
European Central Bank President Christine Lagarde recently announced an ECB survey of public opinion regarding the issuance of a digital euro, implying the central bank is considering a retail central bank digital currency (CBDC), not just one intended for use between banks, which would represent a much more profound change in finance.
A development that shows us there are ways to democratise investments: Seedrs and Crowdcube plan to merge. The equity crowdfunding platforms will create one of the world’s largest private equity marketplaces.
Aren’t we all afraid of making errors? In the DeFi field they can be very… costly, as Harvest Finance experienced. An engineering error led to a $34 million hack in USDC and USDT. Harvest Finance requested the attacker to refund the money and apologized to all those affected.
You can say a lot about the USA elections, but not that it’s boring. There is a lot of discussion about democracy, voting and governance. dGen wrote a report: Democracy Decentralised; voting, governance and transparency which is definitely worth reading, and fits the Dusk Network philosophy.
The roll out of the Digital Yen runs smoothly with 4 million transactions. An important observation in this pilot is the challenge to protecting consumers’ private information. This confirms the need for a private permissionless blockchain like the one we are developing.
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