What is Dusk Network? Information about DUSK Token?

Privacy and security rights in digital platforms always receive significant attention from the cryptocurrency community. Dusk Network has been developed to address this issue. So, what is Dusk Network? Let's find out right away!

Azcnews Breaking

What is DUSK Network?

DUSK Network is a blockchain network designed primarily to develop digital financial applications, aiming to automate transactions and ensure privacy as well as auditability for each user.

By using a customized consensus mechanism and advanced cryptography, DUSK Network is committed to providing the highest level of security. The goal of this platform is to digitize financial markets and create an environment that eliminates reliance on intermediaries in traditional systems. 

Dusk Network promises to become a flexible blockchain protocol for the deployment of Zero-Knowledge applications and play an important role in the global ecosystem of decentralized applications.

Main Components of the Dusk Network

Interface
Interface

Rusk Virtual Machine

Rusk allows developers to program Smart Contracts, power dApps, and set parameters for compliance and easy control. This virtual machine system is entirely based on Zero Knowledge Cryptography and is also the world’s first Zero Knowledge – Virtual Machine (ZK-VM) application.

Zero Knowledge – PLONK

With Zero Knowledge – PLONK, enterprises can transact securely and with strict privacy.

Fast Immutable Data – Kelvin:

Dusk Network uses Kelvin to accelerate immutable data storage. Kelvin is a particularly fast and unique Merkle Tree toolkit for creating optimized data structure models.

Proof of Blind Bid

Dusk Network operates on the Proof of Blind Bid consensus mechanism, an upgraded version of Proof of Stake that can provide maximum network security due to its dual node structure: Block Generators and Provisioners.

The Difference of Dusk Network

Dusk Network was created for 3 main use cases: payments, digital asset transfer, and P2P transactions.

One of the main tasks of this network is to ensure operability and continuity for cryptocurrency transactions, as well as stable data transmission in the offline file transfer system. 

Developers on Dusk Network can deploy a system that allows anonymous file transfer for users, but at the same time, the user must register in the system and take full responsibility for the content of the files.

To protect privacy, Dusk Network will provide anonymous addresses, anonymous transactions, and specific IP address encryption.

Benefits of Dusk Network

  • Fast speed: Without waiting for block confirmations, transactions will take place quickly, taking just a few seconds to complete and achieve the final result immediately.
  • Privacy: Zero Knowledge Cryptography technology will make privacy programmable, even on a public blockchain.
  • Scalable: The Proof of Blind Bid consensus algorithm is designed for high throughput, supporting the needs of enterprises of all sizes.
  • Security: Dusk provides developers with a reliable and secure network for dApps.
  • Replaceability: Continuous and random changing of voting rights between all validators in the Dusk network means anyone has a chance to become a consensus participant.
  • Decentralization: Preventing resource concentration from Staking Pools will encourage new players to join the consensus.

Related: What is etherFi? An Overview of the etherFi Project

What is the DUSK Token?

Basic Information of DUSK Token

  • Token Name: Dusk Network.
  • Ticker: DUSK.
  • Blockchain: Ethereum.
  • Token Standard: ERC20.
  • Contract: 0x940a2db1b7008b6c776d4faaca729d6d4a4aa551.
  • Token Type: Utility.
  • Total Supply: 1,000,000,000 DUSK.
  • Circulating Supply: Updating

Utilities of DUSK Token

DUSK is the utility token of the Dusk network. This token has many use cases within the ecosystem including:

  • Used to exchange for Confidential Security Standard (XSC) tokens.
  • Used for Staking and participating in consensus.
  • Used to participate in chain governance in XSC.
  • Used as a reward for consensus participants. A small percentage is also transferred to project development for R&D purposes.
  • DUSK is also used to deploy Smart Contracts for various dApps.

DUSK Token Allocation

Allocation
Allocation
  • Private Sale: 50% of total supply.
  • Partner Tokens: 11.81% of total supply.
  • Technical Development Fund: 18.06% of total supply.
  • Marketing & Events Tokens: 7.29% of total supply.
  • Team Tokens: 6.42% of total supply.
  • Advisor Tokens: 6.42% of total supply.

DUSK Token Release Schedule

Vesting
Vesting

Storing and Trading DUSK Token

Market
Market

DUSK is an ERC-20 standard token, so you can store it in Ethereum wallets like Metamask, Trust Wallet, Coin98 Wallet, Coinbase Wallet, cold wallets like Ledger, Trezor, and on exchanges like Binance, Bitget, BKEX, Bittrex, Gate.io, etc.

Development Team

Emanuele Francioni: Founder & CEO

  • Emanuele holds a Master’s degree in Engineering, Electronics, Robotics and Automation from the University of Rome.
  • After graduating, Emanuele worked as a Software Engineer at Vitrociset SPA Syrian Air Traffic Control Project, Commerzbank AG, Tom Tom applications related to mapping systems.
  • Emanuele founded several companies like Beestar, a unique user-friendly smart device in the IoT ecosystem, seamlessly integrated with any vehicle to provide sensible services for drivers and business fleet owners. GoSparc BV, a connected vehicle device enabling organizations to deploy their own enhancement solutions for free of any hardware costs.
  • Emanuele entered the Crypto market when he founded Web3 Ventures and UNL, a decentralized micro-location protocol for addressing, navigation and location-based services.
  • In January 2018, Emanuele started building Dusk Network.

Fulvio Venturelli: Co-Founder & Director  

  • Fulvio holds a Bachelor’s degree in Computer Science Engineering from Sapienza University.
  • Fulvio worked as a Software Engineer at several companies like Amazon.com, Excite Italia, Torrington Interactive, TomTom, etc.
  • Fulvio started building UNL, Web 3 Ventures together with Emanuele.

Investors

Funding Round Dusk
Funding Round Dusk

09/01/2023: Dusk Network successfully raised $1 million from iFinex investment fund.

Project Information

  • Website : https://dusk.network/
  • Twitter : https://twitter.com/duskfoundation
  • Telegram : https://t.me/DuskNetwork
(24 votes)

4.4/5

(24 votes)
  1. Avatar of Awoyera Damilola
    Awoyera Damilola

    dusk network is a great network channel

  2. Avatar of
    Anonymous

    Wonderful

  3. Avatar of Faith
    Faith

    This is great

  4. Avatar of
    Anonymous

    This is very exciting

  5. Avatar of Mohamad Wildan Solihin
    Mohamad Wildan Solihin

    Informasi yang mendasar sangat dibutuhkan oleh para pembaca apalagi para pemula dibidang mata uang digital yang semakin pesat laju perkembangan penggunaannya.

  6. Avatar of Pchela Ruslan
    Pchela Ruslan

    Очень привлекательно

  7. Avatar of Ruslan Bee
    Ruslan Bee

    Информбюро для каждого пользователя и главное с достоверной информацией.

  8. Avatar of
    Anonymous

    where is drop?)

  9. Avatar of
    Anonymous

    Good one

  10. Avatar of
    Anonymous

    Channel?

Comments are closed.

Latest

Strong Buying Momentum Pushes Bnb To New All Time High

News | Altcoin | Editor Choice

Strong Buying Momentum Pushes BNB to New All-Time High

A massive $96 million inflow into BNB has reignited market optimism, as analysts believe Binance’s native token is entering a strong accumulation phase before potentially breaking to new highs.

The Whale Who Made $192 Million Shorting The Crypto Crash Is At It Again

News | Altcoin | Editor Choice

The Whale Who Made $192 Million Shorting the Crypto Crash Is at It Again

A notorious whale on Hyperliquid — who previously made $192 million by perfectly timing last week’s crash — is back with another massive short, sparking fears that Bitcoin could be on the verge of another steep decline.

Binance Spends $283 Million To Clean Up Weekend Market Chaos

News | Editor Choice | Policy & Regulations

Binance Spends $283 Million to Clean Up Weekend Market Chaos

The world’s largest cryptocurrency exchange, Binance, has announced a total compensation of $283 million for users affected by collateral asset depegging during the sharp market crash on October 10.

Bitcoin And Ethereum Rebound After The Largest Single Day Wipeout In Crypto History

News | Bitcoin | Editor Choice

Bitcoin and Ethereum Rebound After “The Largest Single-Day Wipeout in Crypto History”

The cryptocurrency market is staging a recovery after a tariff shock triggered one of the biggest liquidation events in its history.

Whales Dump Xrp As $50 Million Floods Out Daily

News | Altcoin | Editor Choice

Whales Dump XRP as $50 Million Floods Out Daily

The relentless sell-off of XRP by crypto whales is shaking the market, with $50 million worth of tokens dumped daily, dragging prices lower and sparking fears of a deeper bearish cycle ahead.

Screenshot 2025 09 10 100533