Binance DEX & Re-Vesting Update
By Dusk Network

Jul 06, 2019 - Amsterdam

We are thrilled to announce that DUSK BEP-2 will be available to the Binance community today. We also want to address the overwhelming show of long-term support we have received from our early private sale participants.

Update (22–07–2019): on popular demand, the details to add DUSK (ERC-20) to MEW:
Contract Address: 0x940a2dB1B7008B6C776d4faaCa729d6d4A4AA551
Ticker: DUSK
Decimals: 18

Dear Dusk Network and Binance community,

We are very excited to announce that Dusk is listing on Binance DEX! As of this moment, the DUSK BEP2 has been approved unanimously by ALL Binance Chain validator nodes to be listed on Binance DEX. See the transparent on-chain data (link)

To recap relevant information:

Date & Time:
Listing date: 6th of July
Time: 14:00 CET. For convenience, that is 15:00 (GMT+2), or 09:00 Eastern Time (ET).

Private sale
The private sale closed at the end of November 2018. The private sale price was $0.0404.

Total supply of Dusk is 500,000,000 (500M DUSK).

  • Private sale tokens comprise 50% of total supply (for the avoidance of doubt: 10% is DUSK BEP and 40% DUSK ERC).
  • Partnerships tokens comprise 11,8% of total supply.
  • Technical Development Fund comprises 18,1% of total supply.
  • Marketing & events tokens comprise 7,3% of total supply.
  • Team tokens comprise 6,4% of total supply.
  • Advisor tokens comprise 6,4% of total supply.

BEP Vesting terms
BEP tokens are vested linearly from the 1st of July up until the 30th of November.

ERC-20 Vesting terms
Months have passed since our private sale concluded on the 30th of Nov, 2018. At that time we constructed our vesting schedule, with a linear vesting contract running from Dec 1st, 2018 until Nov 30th, 2019. In the last few days we have received overwhelming support from our private sale participants who have all agreed to reset their vesting terms to match the BEP-2 Schedule. This means that all the ERC-20 tokens now also start their vesting at July 1st, until Nov 30th. The end date when 100% of tokens are vested is unchanged. We cannot express enough how humbling the show of support has been, and are excited to continue our great collaboration for the years to come. We are very excited that the distribution curves could be aligned, offering a fair landscape to everybody.

To match this amazing support from our community we have decided to extend the vesting terms on the following items:

  • Partnerships & exchanges:
    Old: fully vested immediately.
    New: 31-July-2019 through 31-Dec-2021.
    Implemented lock and additional vesting of 1,5 years.
  • Technical Development Fund:
    Old: 31-May-2019 through 31-May-2020.
    New: 31-July-2019 through 30-Apr-2022.
    Increased lock by 2 months and added 21 additional months of vesting period.
  • Marketing & events tokens:
    Old: 31-May-2019 through 31-May-2020.
    New: 31-July-2019 through 31-Dec-2021.
    Increased lock by 2 months and added additional 1,5 year of vesting period.
  • Team tokens:
    Old: 30-Nov-2019 through 30-Nov-2020.
    New: 28-Feb-2020 through 31-Dec-2021.
    Increased lock by 3 months and added additional vesting by 11 months.
  • Advisor tokens:
    Old: 31-May-2019 through 31-May-2020.
    New: 31-July-2019 through 31-Dec-2021.
    Increased vesting period by 1,5 year.

This gives us the following token release schedule:

We will update all other materials to reflect these changes.

Dusk — Technology for Securities

Dusk streamlines the issuance of digital securities and automates trading compliance with the world’s first programmable and confidential securities.

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