Proposal description
Title: Bringing Festy and Dash to the public - Irish Pubs Global Market
We are asking Dash for an early stage investment in Festy in exchange for providing utility to Dash. The proposal will fund development of integrating Dash cryptocurrency on Festy for select concerts in the upcoming months.
In return for the investment of Dash we are giving 12 months integration of Dash on Festy. So when users try to withdraw their funds, they will have to withdraw in Dash. This will provide genuine value for Dash as all of these hundreds of thousands of transactions (hopefully millions in due course) will be withdrawn to Dash by using it as the primary currency for everyday merchants that accept Festy.
Overview
Festy is a contactless crypto payments startup expanding the utility of Dash among everyday people and everyday businesses. This proposal is to bring Dash to 10 music venues around the world with integration to allow customers spend their Dash.
Dash has the capability of revolutionising day to day business as we know it and we are committed to developing technologies and businesses that help in achieving this goal. We want to make it possible for the Dash community and the wider population to live 100% in Dash, making payments in all aspects of their day to day life, from retail and festivals to transit and tourism, using Festy as the payment system.
Minimum Viable Product (MVP)
This level of demand for Festy requires a full team of highly skilled developers dedicated solely on this project in order to scale effectively so we can launch our MVP for beta testing. Currently we are unable to realise this opportunity for major adoption of Dash and Festy as our 2 junior developers and 1 senior developer are finding it difficult to manage the workflow of both Festy & Bitcart. We spent the last few weeks recruiting a team that will work exclusively on Festy, allowing the current team to focus on Bitcart and divide the development team at Opera Incubator in two clearly defined groups so that both companies can flourish as they should.
As our strategic business partners, we hope the Dash community will help us to acquire the resources and materials we need to take Festy to the global marketplace and capitalise on all of these developments. We believe we have shown what we can accomplish with a slim budget as the fruits of our labour during the IPG event are clearly evident, and therefore feel we are justifiably taking the logical next step in asking for a larger sum this time around.
With a strong belief in the importance of education, we are assigning tasks to our CTO and senior developers relating to training our talented junior developers to fulfill the role of full stack blockchain specialists and this requires a lot of time and energy.
[img width=612 height=399]https://lh3.googleusercontent.com/uW88gv3tR3wCIwfq_xC40ZArcTlXqsHCypcr0vNrrUBFaFuTpjNFxv5bs1g1wIVSizMLDxPZQcFKqQbeEzbaLCLkhRGcblPLcnWZYtaE6Cc5rqryNJSFBb9sb15NgPZPvgHRHhJ8[/img]
Festy customer journey to Dash by adding a side-chain layer to be additional to the broker model.
Festy Updates
Recent business developments for Festy have created the urgency for a committed and refined strategic business partnership with Dash. We have carefully selected 10 locations to integrate Festy as a priority. These areas have been chosen due to predicted traffic and adoption of comparable technologies from our market research.
Imagine a time when it will be possible to travel to these locations and use Dash to create a new era of tourism free of conversion rates and withdrawal charges! No more dealing with massive fees from ATMs and converting from dollars to euros - Festy is initiating a transference from a ‘Cash is King’ paradigm to a ‘DASH is KING’ paradigm. We have strategically made these relationships with Irish bars in order to get us setup with a base in these locations and tap into local contacts to spread Dash among the tourism industry. Festivals and conferences have already been added to our list and contractual agreements will secure Festy as a payment processor at these events.
Each time a bar integrates our beta POS system, we will hold a launch night whereby Dash & Festy will be used exclusively by the local community and any members of the Dash community that reside in the locality! For launches we will supply top quality music through our many contacts in the music industry and make these parties a night to remember. This will be pivotal to training the staff and interviewing the pub owner for endorsing Dash. These will go out on the Dash social media and Dash Force News. The bar will be able to announce their loyalty card programs that have been made possible by Festy and will only apply when Festy is used for payments. This will lead to huge adoption rates of Festy as a payment processor and massive increases in the usage of Dash as a currency.
Concerts and Festivals
We feel it is important to describe what is also on the horizon for Festy in 2018 following these integrations and completing our beta phase so that the Dash community can also share our vision in full:
In addition to this, we have been engaged in talks concerning integrating Festy in the following festivals for the upcoming 2018 season. This list includes but is not limited to:
- Boomtown, Winchester, UK (60,000 capacity)
- Body and Soul, Ireland (15,000 capacity)
- Reno Air Race Championships, NV (200,000 capacity)
- Porcfest, New Hampshire, US (2,200 capacity)
- Atlantic Songbook, Ireland - this is a new festival that is launching in 2018 and will be the longest running music festival in the world (potentially 10.5 million people using Festy over 9 months according to Irish tourism statistics in 2016 - 2017 was even higher)
- St. Patrick’s Day Festivals in Boston, New York and Dublin ($5.3 billion is estimated to have been spent during the 2017 festival)
- Deichbrand, Germany (50,000 capacity)
- Wacken, Germany (75,000 capacity)
- Rock Am Ring, Germany (75,000 capacity)
- Electric Picnic, Ireland (55,000 capacity)
Budget
The budget intends to satisfy the costs of equipment and recruitment allowing Festy to scale and reach the next phase of development.
Development breakdown
- Development Budget for Festy
3 months working with a new fully equipped development team will align perfectly to ensure Festy are fully prepped and ready for the festival season which begins in May 2018, enabling us to fulfill our dream of bringing Dash and Festy to major festivals all around the world.
Hardware
- Wristbands & cards (design and printing)
- POS Systems, NFC readers and devices to give to venues free of charge for initial integrations
Marketing and Business Development
- Create and secure business development leads for Festy integrations
- Effectively market & promote the Dash and Festy partnership globally
- Business Developer
- Events organiser
Advertising
- Promotional Merchandise for use at events ie stickers, beer mats, giveaways.
- Staff / Representative uniforms for use at events.
- Information packs for Merchants and consumers.
- Photo and videography for event documentation and website
- Dash Branding
- Graphic design
- Dash giveaway redeemable for one drink at the bar at locations, giving customers a chance to spend Dash
We will answer any questions you may have
Show full description ...
Discussion: Should we fund this proposal?
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my fear is if this fails - the backlash will be coming for Dash - not for Festy ! so please provide proper updates, proof of Tests on main net before going into the Festival Season !
(I know this is feisty and not bitcard - but I am still receiving messages after messages about bit card problems - do NOT burn your reputation with bitcard problems in the community ! remember this is all reputation based - it is down to you guys to proof us all wrong (bad bitcard experience) and deliver 150% on feisty ! )
Thank you for your time and good luck,
Scott
Apologies for the delayed reply on this. The whole team has been directing all of our usable energy towards our first commercially viable deployment that is estimated to be fully ready in the coming months. I'd love to pick up on where we left off at the Dash conference in London surrounding the Reno and Brazil airshows. Let's set up a call in the next few days. I'll email you shortly to check your availability.
Congratulations on your proposal passing - I was thoroughly impressed with your hunger to create a partnership with us and it's that community spirit that is imperative to the success of cryptocurrency.
All the best,
Darren
https://www.youtube.com/watch?v=Pcwub5tEM_c&feature=youtu.be
I've voted yes, good luck, and I hope we see this project funded and developed through to completion.
Walter
We understand your apprehension but encourage you to suspend your feelings of disbelief.
We look forward to showing you what we're truly made of and thank you for your votes.
All the best,
Darren
Throwing in caps on exclusivity indicate a hedge of sorts in case another cryptocurrency comes along and is more suitable to use than Dash as a form of payment. The goal of Dash is to offer the best, most user friendly experience payment option on the market for the general consumer. If there was 100% conviction that Dash was going to become this, the Dash exclusivity of festy should be engrained in the business model and a “no compromise” policy.
Can you please comment on where the underlying incentives lie for the major stakeholders of festy? I would like to make sense of why the exclusivity is capped. Thank you.
NOT 100-1000 transactions.
Please reconsider your vote as we strongly believe this to be a golden opportunity for Dash & Festy combined.
Thank you,
Darren
Carry on, have fun, win!
solarguy
Is festy now ready to be deployed if the proposal passes? When will the 12 month exclusivity begin and end? A 36 month exclusivity deal like alt 36 would be much better.
I recommend for MN holders to read Chuck Williams' comments on our proposal thread to get a real insight into payments on the blockchain.
https://www.dash.org/forum/threads/bringing-festy-dash-to-the-public-irish-pubs-global-market.18158/
Mastermined, thanks for your comment. We don't actually know what Alt36 are building and when this will be released, therefore a 36 month exclusivity with no clear roadmap is ambiguous. I checked their website and since their proposal it still says "Coming soon" without any content whatsover. So I would say that having a 36 month exclusivity (34 months left) for essentially a blank web page isn't very useful for Dash. They do have one developer working for them who we had a call with once, so they are at least developing something, whatever that might be is still unsure without any roadmap or whitepaper.
On the other hand, we have a clear roadmap and whitepaper on www.festy.ie
Our 12 month exclusivity begins if and when the funding begins, which would be 2nd December hypothetically. We are by no means limiting Dash exclusivity to 2nd December 2018. Far from it. We are here for the long-term and we want to work with Dash. With the release of Evolution next year we may need to pivot in this ever-changing industry. Who knows what resources that we will require after this MVP is developed and what we can deliver to Dash so we would like to see how 12 months goes and like Bitcart keep going from there.
https://youtu.be/2zP3reMbIT4
The detail of 'exclusivity' with the Dash network (12 months) no longer seems attractive
if we observe that the money you request amounts to (300,000 eur. + -) seems a bit limited.
Would you be willing to extend that exclusivity to 24 months?
The arguments are obvious:
a) Dash is subsidizing you to fund lost, your venture without apparent ROI.
I monitored the TP / day on the day of the Pub party in Ireland where Festy was used, and I did not see a significant increase.
b) Dash, has the lowest commission of its competition.
c) If Dash were Dash Inc. we would simply exchange that money for shares of the company ('Capital venture'). And at the moment we can not do it ..
And remember how I told you in the previous proposal to appear in successive bracelets the phrase:
Powered by Dash.org Tech.
What is your response?
Thank you for you proposal
Thank you for your continued support!
Festy team
Also, to MNOs on the whole, please don’t conflate this with Bitcart as that is a different product with a mostly different team. Punishing Festy for Bitcart’s failures is shortsighted and not the type of behavior that will increase Dash’s value going forward —which is something all MNOs should want.
Let evaluate Bitcart if and when another Bitcart proposal is made... and look at this proposal in terms of cost vs ROI for the rollout of a Dash exclusive Festy product.
The whole debacle with bitcart going public, and bitcart still not running 100% optimally (do it seems get better every time). Has left me with a bit of a bad taste, and I really don't get why you wouldn't wait 1 or 2 month's than present how well bitcart is running ?, I am certain the chance for getting your proposal funded would be allot more likely.
@JGCMiner, thanks for posting this out
Q2) May you can also explain, to what extend bitcart and festy work together (and which team members are shared). Because I don't know if your any more compent than bitcart is (at this point in time).
Maybe it's just me and please don't get me wrong, I think your passion is great, but it seems like you want to much to soon and run into problems.
Thanks for your questions.
The exclusivity is enforced by you, the Masternode holders, by the fact that this is a month-by-month proposal on a rolling basis, dependent on the votes of masternode holders. So it is certainly enforceable and our funding rests on our performance month in and month out.
If you would prefer us to go directly to Dash Core and sign a contract with their law firm like we did with Bitcart and get funding from them, then we are up for exploring that too. We wanted to give the masternodes control over this as we feel you are capable of making business deals with the Masternose fund and not just marketing ones. If you prefer we get involved with Dash Core and you vote accordingly then we can explore this possibility with Core. On the other hand this would be a good use of the MN vote for the business development of Dash. It would be standard when voting for a proposal that the author is bound by what is in writing which enforces them be under said obligations. In our case exclusivity.
On your second question, about half of developer's are split between Bitcart and Festy. You can see the different developer's on the www.festy.ie website. Bitcart has a former Amazon employee and a blockchain developer. Festy has a more business oriented team with developers in gaming and entertainment with two blockchain developers. This is double the size, proportional to the size of the undertaking and potential. Each team adds a great diversity of skills and contributes well to each project. To sustain the developers for Festy which is undergoing a 3-month roadmap as proposed, in order to bring us to market to a large network of business clients. With exclusivity this will bring value to Dash as we will be integrated in 1,000 businesses by giving out free POS systems and wristbands.
appropriated.
I’m still a little off-put by the responses to my comments in the last proposal. I will need some convincing.
Users and merchants will only be able to cash out to Dash as the sole cryptocurrency supported.
We can put water under the bridge and carry on with business like professionals. Dash services need to be built still :)
We strive to be the most accountable and transparent project in Dash and this is shown by our Medium blog, our Rocket Chat, sharing our sensitive google documents and providing constant updates to the community. So Masternode holders and Dash users can visibly watch our progress and interact with us as we work.
solarguy
This is a great idea because it guarantees Dash will be central to Festy and it reinforces our partnership in a transparent way. I have edited the proposal accordingly. I hope we have a yes :)
This is a proposal for Festy - not Bitcart. Please do your own due diligence and read the proposal.
Thank you.
First off - please do not conflate Bitcart with Festy any longer. If you read the proposal you would know that we now have two distinct development teams working on each company. I would also urge you to read the joint statement between Dash Core and Bitcart in order to make accurate statements about that mutually unfortunate situation. This has been resolved and Bitcart has already fixed 16 inherent issues on the back end and front end which were the main contributor to the faults within the system. We are now in the final process with Core regarding the completion of our exclusivity contract with Dash in exchange for the development funding that was agreed 6 months ago https://www.dash.org/forum/threads/biz-dev-joint-statement-by-bitcart-and-dash-core-group.17653/
The Festy team are entirely focused on building blockchain technologies that work, can scale and can be used by everyone in day to day scenarios. For that to happen we need to hire the best developers we can find and learn from experts in the space how scalability for our company may be achieved - hence why we attended Devcon 3. If poaching Ethereum developers to work on Dash exclusive projects doesn't appeal to a Dash maximalist like yourself then I'm not sure if you can be reasoned with my friend.
While we were in Cancún, the business development team managed to successfully pitch Festy to Mandala Club and now have the opportunity to integrate with the largest group of nightclubs in all of Mexico - is this business that you want to be apart of or would you rather focus on criticizing Bitcart which no longer has any team members simultaneously working on Festy?
Let me add that I do fully acknowledge Bitcart's poor performance in the past and I sincerely empathise with you regarding your unsatisfactory customer experience. We are embarrassed by this and have been doing everything in our power to change it.
This is a proposal for Festy - the Bitcart issues are currently being resolved and we have had excellent relations with Dash Core over the past few weeks. Bitcart will be a fully functioning service very soon, I assure you.
Thanks,
Opera Team
Thanks for asking - clearly this wasn't made explicit enough so we have added a section to the top entitled "Exclusivity" which outlines our exclusivity agreement.
To answer you directly, Dash will benefit from being used within our network of 7,000 Irish pubs and music festivals and venues that we have signed up. This will allow Dash truly become Digital Cash for everyday merchants.
Based on your comments, my developers and I have come up with a way to benefit Dash further. When users withdraw from Festy they will only be able to withdraw in Dash. They will setup their own Dash wallet and will have to move their funds there. This will keep the funds of merchants and customers in Dash when an event has finished. This will increase adoption for using Dash in everyday as well as a storage of wealth after, so people for once will get both utilities of Dash.
We have outlined what exclusivity means in our document because it's not enough for a proposal just to state that it is exclusive. We are transparent and we explain in fully our plans and we even share our internal Google docs with our system architecture and designs. We believe we are showing our value to Dash by proving that we are doing what we claim we are doing by showing you and not just promising it.
This is why we have welcomed Fernando from Core and Mark from DFN to Ireland. We are holding a Christmas party on 16th December to invite the Dash community to come to Cork and see our system and our lab for themselves. You are due a visit, Joel ;)
https://docs.google.com/forms/d/e/1FAIpQLSc6CPS1MkApU9VaNjWEE3F0HoxQf2EZ14Ajt2LG3_Oy7yjTYw/viewform
(Too bad we already paid for implementing smart-contracts)
Dash exclusivity guaranteed, does this mean we will see something like - Sponsored by Dash.org - on the finished products, please?
You are linking to a prototype event for Festy which we held in Cancún during the largest blockchain developer's conference in the world, where we stress tested our technology, so I assume your question is in relation to this.
I will start by saying the event was extremely successful for us, as we met developer's and CEO's from loads of different startups and large corporations that have now been exposed to Festy. The large corporates included people from Gardner, who work with Visa and Tesla. These were contacts entering the blockchain space and were seeking out payment startups such as ours. Corporates like this were looking for Ethereum startups and they found a Dash one. That's called good poaching ;)
The developers were great to detect bugs in our code and provide us with faults that we have since been able to fix. It is essential for us to speak with developers from blockchain technology to keep us on the edge of innovation and competitive with other flagship technologies in this space.
We did develop a smart contract use case to allow Ethereum users be automatically reimbursed their deposit at the door of the nightclub when they swiped their Festy to the ticket NFC reader. This was to add a non-payment use case to Festy to be a ticket processor and this was not paid for by Dash like you somehow claim. The exclusivity for Dash payments will prevent Festy users from being able to withdraw in Ethereum, or any cryptocurrency other than Dash. So this use of Festy would not be possible in the future.
Finally, as a result of our launch at the Mandala nightclub, we have secured a meeting with the owner. This is the largest nightclub chain in Mexico, with 64 of the largest nightclubs across Mexico, serving tens of thousands of clients every night. We are committed to Dash and want to bring Dash to these businesses.
Also I did not find any reference to Dash on the wireframe. Wouldn't that be nice since we help you to acquire the resources and materials you need to take Festy to the global marketplace and capitalize on all of these developments?
Congratulations with your progress in Mexico, I am loving all the results I've seen so far! Sorry for my critical note. Hope you understand.
We understand that it is usual for Dash enthusiasts to stay within the Dash community when seeking validation, like similar movements. Mathematical code however, must be tested by blockchain developers all the time in order to validate for us what we are doing right and what we are doing wrong.
The ticket processor at Cancún was one use case and payments was the second which ran on our own technology and so this is what we went there to test. We feel that it's best to keep in close contact with the blockchain developer community in order to get blockchain development right. I hope you understand our point of view. We are agreeing that our exclusivity will prevent us from withdrawing from Ethereum again.
Thanks,
Graham