DUO Network is a decentralized platform enabling issuance, trading, and settlement of tokenized digital derivatives. The platform aims to reduce risks and barriers in traditional derivative transactions, through collateralized smart contracts and distributed price feeds, thereby creating a transparent and autonomous derivative marketplace. The core members come from leading global banks such as Citi, Credit Suisse, HSBC; with long-term academic collaboration with NUS, Boston University and ETH Zurich.
1. Only users from the jurisdictions where local laws and regulations permit the participation are eligible.
2. Users are required to complete KYC V2 in order to participate in the presale.
3.Users must have BTMX Position ≥10000 in Cash account (including pending unlock from private sale).
4. Users are required to agree and acknowledge DUO Presale T&Cs.
Terms & Conditions:
1. Upon the confirmation of presale and payment, the user needs to submit the BitMax.io account and presale code on DUO Network official website within 24 hours to complete the application of the presale. Any failure in timely submission will result in the user being deemed to voluntarily give up the presale quota and no longer be eligible for participation. The initial payment of USDT will be refunded.
2. Tokens will be distributed to the user’s account within 24 hours after the event with unlock status.
3. The presale will only be available to the users from the countries and regions where the local laws and regulations permit the participation.
Therefore, the users from the following countries and regions are prohibited to participate in the presale:
United States, Balkans region, Belarus, Myanmar, Côte d'Ivoire, Cuba, Democratic Republic of the Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syrian Arab Republic, Zimbabwe, Algeria, Bangladesh, Bolivia, Cambodia, Ecuador, Nepal, Afghanistan, Burundi, Central African Republic, China, Ethiopia, Guinea, Guinea-Bissau, Lebanon, Sri Lanka, Libya, Serbia, Somalia, South Sudan, Thailand, Tunisia, Trinidad and Tobago, Ukraine, Uganda, Venezuela, Yemen.
Attention. There is a risk that unverified members are not actually members of the team
Although the idea and features of DUO Network are fully disclosed in the whitepaper and the project is presented on the main community channels, there is a lack of information regarding the ICO. Additionally, there is no information on the budget plan, which makes the project’s economy look unclear. The project has already attracted interest from several investors. But there is a lack of information available on these companies and no information on seed funding, which makes it hard to evaluate the level of interest from these companies. Currently the DUO community is quite small, but according to the team, a bounty program to expand the Telegram and WeChat groups is planned. The development of the project has been carried out in accordance with the roadmap. As of mid-July 2018, an MVP in the form of two demo dApps is available. All components work well and the smart contracts are available on GitHub, but unfortunately the smart contract code is hidden and can’t be verified. However, an independent audit for each of the smart contracts is due to be carried out and the information from them will be available to the community. The roadmap provides a short overview of the on planned activities for the current calendar year. At the time of the review (mid-July 2018), all announced activities. All announced activities as of mid of July 2018 are have been fulfilled, including the implementation of the demo dApps. However,But there is a lack of information regarding upcoming the activities after the ICO, including business operations and further development. Stable coin solutions are an attractive instrument to involve more conservative investors into blockchain, by strengthening the use case for cryptocurrencies by serving as a non-volatile tool. Based on the history of already existing solutions, such as Tether, MakerDAO and DigixDAO, it is possible to assume that DUO Network could have a short or medium-term success. As it relies on Ethereum, like MakerDAO and DigixDAO, the further success of the solution will depend on the volatility of this underlying token. There are 9 team members, including 2 Co-Founders. The majority of them are currently a part of the FinBook company. FinBook is a startup company focusing on cloud-based portfolio analysis solutions, DUO Network is one of its projects. Although there are back-office specialists, there seems to be a lack of developers and engineers. It is worth to noting that one team member does not list their affiliation with the project on their LinkedIn profile. he whitepaper discloses the main features of the DUO token, including the functions of tranche tokens in smart contracts. It is assumed that fees can be paid in ETH as well, so the need for DUO tokens is not obvious. Details on the use of proceeds are also unclear. The token price analysis highlighted the potential risks for token price stability due to token price volatility. It should be noted that this factor also affects similar solutions and could be eliminated in the near future. The main risks for the project are related to the disclosure of information about the ICO, token economy and project development. The project will probably publish more details before the crowdsale.
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.