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What is Dusk (DUSK)?

Dusk basic info

Name:Dusk
Ticker:
Introduction:

What Is Dusk Network?

Dusk Network is a blockchain protocol, established in 2018 by Jelle Pol and Emanuele Francioni. It's designed to revolutionize the world of financial services by offering confidential native smart contracts and privacy. As a private blockchain, Dusk Network's primary function is to facilitate the tokenization of securities while ensuring compliance with regulatory standards. This focus on privacy positions Dusk Network as a pivotal platform for financial applications, particularly in the decentralized finance (DeFi) sector.

The network leverages advanced technologies to offer a range of financial services, tapping into the vast potential and diversity of financial applications like Distributed Ledger Technologies (DLTs). Dusk Network is a protocol aimed at deploying programmable zero-knowledge decentralized applications (DApps), laying the groundwork for a global, decentralized, and privacy-oriented DApp ecosystem. Its goal is to automate compliance for Security Token Offerings (STOs) while upholding consumer privacy, a unique proposition in the blockchain space.

Resources

Whitepaper: https://dusk-cms.ams3.digitaloceanspaces.com/The_Dusk_Network_Whitepaper_v3_0_0_42ac204d48.pdf

Official Website: https://dusk.network/

How Does Dusk Network Work?

At the heart of Dusk Network's functionality is its unique consensus protocol, known as the Segregated Byzantine Agreement (SBA). This protocol is a significant departure from traditional proof-of-stake (PoS) mechanisms, combining various decentralized functionalities like discrete stake amounts, random cryptographic sorting, and a track record module to enhance the selection of honest nodes. Validators on the Dusk Network lock up their DUSK tokens, gaining the ability to vote on blocks to be added to the blockchain. This process is divided into three stages: block generation, block reduction, and block agreement.

Dusk Network's approach to block validation is innovative. Validators collaborate to agree on a specific block to create a certificate, ensuring the block adheres to the network's rules. Once a certificate is created, it's irreversible, thanks to the constantly shifting voting power among validators. This mechanism ensures transaction completion within an impressive 10-second window. Moreover, Dusk Network champions privacy and decentralization through its native confidential smart contracts, powered by zero-knowledge proofs and controlled by its private PoS consensus methodology.

What Is DUSK Token?

DUSK is the native utility token of the Dusk Network. It plays a multifaceted role within the ecosystem, from funding the development of the network to facilitating swaps between different blockchains. DUSK is essential for developing smart contracts on the platform. It can be staked for consensus participation and exchanged for DUSK-denominated value. The token's versatility extends to various use cases across the Dusk ecosystem, including its exchange for Confidential Security Standard (XSC)-based tokens, participation in staking and consensus, on-chain governance within XSC, and deployment of DApps. Block rewards in the Dusk Network are also distributed in DUSK, further incentivizing participation and development within the network.

What Determines Dusk Network’s Price?

The price of Dusk Network's native token, DUSK, like many cryptocurrencies, is influenced by a complex interplay of factors that are characteristic of the dynamic and evolving blockchain and cryptocurrency markets. Primarily, market demand and supply dynamics play a pivotal role. Investor interest in DUSK is driven by the network's unique features, such as its focus on privacy, confidential smart contracts, and its innovative Segregated Byzantine Agreement (SBA) consensus mechanism. As the network evolves and more decentralized applications (DApps) are developed on its platform, the utility and demand for DUSK can increase, potentially driving up its price. Additionally, the overall sentiment in the broader cryptocurrency market, including trends in Bitcoin and Ethereum prices, often impacts DUSK's valuation, as market sentiment can lead to correlated movements across different crypto assets.

Another key factor influencing DUSK's price is its technical developments and strategic partnerships. As Dusk Network progresses in its roadmap, achieving milestones such as enhanced scalability, improved privacy features, or new collaborations with financial entities, these developments can positively affect investor perception and confidence. Furthermore, the network's focus on compliance with security token offerings (STOs) and its potential to streamline financial services in a decentralized manner add to its appeal in the blockchain sector. Market liquidity, listings on prominent cryptocurrency exchanges, and the overall growth of the DeFi sector also contribute to the price dynamics of DUSK. In essence, Dusk Network's price is a reflection of its technological advancements, market adoption, and the fluctuating tides of the broader cryptocurrency ecosystem.

For those interested in investing or trading Dusk Network, one might wonder: Where to buy DUSK? You can purchase DUSK on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

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Current price:
All-time high:$1.17
All-time low:$0.01106

DUSK supply and tokenomics

Circulating supply:467,000,000 DUSK
Total supply:500,000,000 DUSK
Max supply:0 DUSK
Market cap:$95.12M
Fully diluted market cap:$101.84M
Token allocation:
Private Sale
50.00%
Technical Development Fund
18.10%
Partnerships & Exchanges
11.80%
Marketing & events tokens
7.30%
Team tokens
6.40%
Advisor tokens
6.40%
Tokenomics:

Uniqueness

Built for regulated and decentralized finance, Dusk aims to evolve the financial landscape by making it possible for regulated assets to be brought on-chain.

Dusk’s three core pillars are; privacy and compliance in order to bring institutional-level assets to anyone’s wallet.

Using cryptographically secure Zero-Knowledge Proofs (ZKPs) to maintain privacy, the research team at Dusk have been leading the way in the developments of ZKPs, having had papers published on their work. A custom-built ZKP virtual machine, Piecrust, is the first of its kind and breaking new ground in the spaces of blockchain and privacy.

Featuring a suite of products, including Citadel, a ZKP licensing product which is well-suited to KYC/AML procedures as well as subscription-based models, Dusk is building the infrastructure for the economy of the future.

Benefits for businesses and institutions include automated and programmable compliance, instant settlement finality, and access to unified liquidity. Through the use of private smart contracts, Dusk is even able to provide levels of privacy above what banks and institutions are used to.

For users, Dusk offers the possibility to break out of the crypto sandbox, and make it possible to trade real-world, regulated assets with the same level of ease and autonomy as they can trade digital assets.

The Dusk network is Proof-of-Stake (PoS) and powered and secured by the DUSK token. The blockchain is public and open for anyone to use and participate in the consensus mechanism. Validators can run nodes by staking DUSK to secure the network, and transactions are paid using DUSK.

Through the use of a transactional model called Phoenix, Dusk focuses on bringing privacy and anonymity to both transactions and smart contracts. Additionally, tokens deployed on Dusk can build on top of Zedger, a hybrid privacy-preserving model specifically modeled for security tokens.

The ‘Segregated Byzantine Agreement’ (SBA) consensus mechanism secures the network. According to the SBA is an improvement over the underlying PoS mechanism as it combines existing ideas like cryptographic sortition (lottery), stealth time-locked transactions (private stake amounts) and a reputation module to increase the chances of selecting honest nodes and further promote decentralization.

Links

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What is the development prospect and future value of DUSK?

The market value of DUSK currently stands at $95.12M, and its market ranking is #469. The value of DUSK is not widely recognized by the market. When the bull market comes, the market value of DUSK may have great growth potential.

As a new type of currency with innovative technology and unique use cases, DUSK has broad market potential and significant room for development. The distinctiveness and appeal of DUSK may attract the interest of specific groups, thereby driving up its market value.

What will the price of DUSK be in 2025?
Based on DUSK's historical price performance prediction model, the price of DUSK is projected to reach $0.2694 in 2025.
What will the price of DUSK be in 2030?
In 2030, the DUSK price is expected to change by +3.00%. By the end of 2030, the DUSK price is projected to reach $0.6067, with a cumulative ROI of +207.81%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of DUSK and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is DUSK worth investing or holding? How to buy DUSK from a crypto exchange?

If you want to buy DUSK, the following information may be helpful for your investment decisions:
In the last 7 days, the price of DUSK has fallen by -24.02%, leading to negative returns for most DUSK investors. The market is currently pessimistic about the price trend of DUSK.
It is important to note that the current price of DUSK has retreated by -82.53% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether DUSK is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in DUSK or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of DUSK, if you want to buy or sell DUSK, you can consider Bitget for your trading needs. The best place to buy DUSK is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Dusk has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Dusk. Here's a step-by-step guide on how to buy Dusk on Bitget.

How to get Dusk through other methods?

Using cash to buy Dusk is not the only way to obtain Dusk. If you have the time to spare, you can get Dusk for free.
Learn how to earn Dusk for free through the Learn2Earn promotion.
Earn free Dusk by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Dusk airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Dusk through Bitget Convert, Bitget Swap, or spot trading.

What is Dusk used for and how to use Dusk?

The use case of Dusk may expand as the crypto market and the project itself develop. Currently, you can use DUSK to achieve the following goals:
Arbitrage by trading DUSK: Since DUSK is a frequently traded cryptocurrency, the price of DUSK is always fluctuating. Earn more DUSK by buying low and selling high on the exchange. Bitget spot market provides a variety of DUSK trading pairs to fully meet your needs.
Earn by staking DUSK: You can also generate income through financial management methods such as staking DUSK or lending DUSK. Bitget Earn offers a variety of financial products designed to help you earn more income from your DUSK.
Send or pay DUSK: If you want to give DUSK to your friends, a charity, or a fundraiser, or you want to pay someone with DUSK, you can quickly and easily send DUSK to the recipient through their payment address.
You can also go to the official website of the Dusk project to learn more about the use cases of DUSK. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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