End of Sale Announcement
By Dusk Network

Jan 11, 2019

Last month we successfully closed our private sale! We are now well capitalized for a multi-year runway and are extremely excited with this milestone. Thanks to all the contributors and partners that have joined us the past months we are more than equipped to build a great protocol for the wider blockchain community. As shown in our last development update we are ahead of schedule for testnet, which will have a positive impact on mainnet delivery.

Let’s talk some numbers

The sale officially closed on the 1st of December 2018 with contributors from all over the world. We got the most attention from our native Europe, as well as Asia from both angel as institutional investors. Many of our angel and institutional investors wish not to be disclosed, however some of the notable institutions include: Maven 11, GSR, Blockwall, Wentworth Hall Family Office, Blockground, CryptoLabs, CipherBlade, The Reserve and iFinex. With these contributors and many others we reached the following numbers:

Total Raised: $8,075,557
Total Tokens: 140,200,637 (~56%)
Token Price: $0.0576

There is a highly interesting opportunity ongoing which we cannot currently disclose, for which we are reserving 50M tokens out of the 250M we intended to sell. Should this opportunity fall through, we will find another way for these tokens to benefit the network or end up with our token holders directly. The remainder is diluted immediately, bringing us to:

Total Raised: $8,075,557
Total Tokens Emitted: 200,000,000 (80%)
Tokens temporarily retained: 50,000,000 (20%)
Circulating Token Price: $0.0404 (~42.6% dilution)

Obviously we expected to fully sell out, however looking at the team’s effort in a market that went down 80% since we started our fundraiser we are extremely proud of our result.

The new token metrics
Bitfinex/Ethfinex Listing Delay

Dusk has received a great opportunity that requires a delay in order to pursue. Together with our partners at iFinex we judged that the opportunity could bring so much benefit to the project that this was the wisest course of action. We are prohibited from disclosing the exact nature of the opportunity, and expect a delay of 3–6 weeks. We appreciate your patience and continued support!

How to get my DUSK tokens out of the vesting contract

These 200M emitted tokens will be locked in the second-by-second vesting contract. The vesting started on the 1st of December, meaning investors are eligible to claim roughly 12% of their tokens at the time of this announcement. A step-by-step instruction can be found here; How to call DUSK from the vesting contract

Please note: The exact date the tokens can be called upon from the vesting contract and when they will be tradeable will be announced in a separate announcement in 3–6 weeks.

You can use the following information to add $DUSK to your ERC-20 wallets:

Ticker: DUSK
Decimals: 18
Address: 0x940a2dB1B7008B6C776d4faaCa729d6d4A4AA551

How to learn more about Dusk Network

The Dusk Network is a project coordinated by the Dusk Foundation. We are a decentralized ecosystem entirely focused on providing the perfect trade-off between privacy and transparency. Dusk protects privacy and fits regulations in payments, communications and asset transfers.

Please consider joining us at the following media:

Website: https://www.dusk.network
FAQ: https://www.dusk.network/faq
Telegram: https://t.me/dusknetwork
Twitter: https://twitter.com/duskfoundation

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