Dusk Network’s token, DUSK, has been officially listed on the KuCoin exchange, as of 12th May, 10:00 UTC. Trading is set to commence on 13th May, 10:00 UTC. Dusk Network is the first blockchain to offer privacy and compliance in the financial space.
A Balance Between Privacy And Compliance
Dusk Network, a layer-1 blockchain protocol for confidential smart contracts, has announced the listing of the DUSK token on the KuCoin exchange. KuCoin is one of the most prominent cryptocurrency exchanges in the world. The Dusk Network provides a delicate balance between privacy and compliance. As a public blockchain and an open-source protocol, businesses from around the world can easily use it, tokenize their financial instruments, and automate complex processes.
A Closer Look At The Dusk Network
Dusk Network is an open-source blockchain built for financial applications. The project sees data protection and privacy preservation play a critical role, along with regulatory compliance. Dusk Network’s capabilities of instant settlement finality and smart contract functionality make servicing regulatory compliant financial applications on blockchain technology a possibility.
Dusk Network launched the DUSK token in 2018. Soon after its launch, it became the first project to emerge from The Netherlands to have its ERC-20 token listed on major exchanges. Developers from the Dusk Network are based all across Europe, while the core team is based in Amsterdam. The project looks to address concerns and issues related to regulation and compliance, including MICAr (Markets in Crypto-assets), GDPR (General Data Protection Regulation), and MiFID (Markets in Financial Instruments Directive).
Testnet Generating Significant Interest
Since Dusk Network launched its testnet “DayBreak” on 22nd March 2022, there has been a significant interest in the ecosystem. Developers and node runners have been queuing up, and the testnet has already seen over 2700 signups. The interest in the Dusk Network’s testnet proves that there is a growing interest in and acceptance that on-chain data privacy and selective disclosures based on zero-knowledge technology are the need of the hour.
Listing On KuCoin
KuCoin is home to over 600 digital assets. Currently, KuCoin offers Margin trading, Spot trading, P2P fiat trading, Staking, Futures trading, Staking, and lending services to over 10 million users. Forbes has named the exchange as one of the best crypto exchanges in 2021, and it currently ranks in the top 5 cryptocurrency exchanges, according to CoinMarketCap. The exchange has amassed over 18 million users spread across 200 countries and was valued at $10 billion in its latest funding round.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.