Proposal “Cryptolifex“ (Completed)Back
| Title: | Cryptolifex (Venezuela Exchange VEF/Dash - Dash/VEF) |
| Owner: | Cryptolifex |
| One-time payment: | 18 DASH (546 USD) |
| Completed payments: | 1 totaling in 18 DASH (0 month remaining) |
| Payment start/end: | 2018-01-17 / 2018-02-16 (added on 2018-01-02) |
| Final voting deadline: | in passed |
| Votes: | 0 Yes / 0 No / 0 Abstain |
Proposal description
General Project Information
Project Name: Cryptolifex
Description and Goal Statement
The main purpose of this project is to facilitate the acquisition of DASH/VEF and VEF/DASH through Bolivares Fuertes (VEF), without the need of transactions using Bitcoin (BTC). Specifically, our purpose’s goal is to optimize the time, transaction fees and ease for users to purchase DASH with their local currency without daily transaction or buy/sell limits, the DASH limit that users will buy or sell will be placed when the user creates his ad, he can choose the bank or banks he wants to work with, so it will be easier for users to choose the best offer depending the bank they have.
We will have a decentralized platform with P2P transactions. Cryptolifex will serve as a reliable intermediary in order to successfully operate each of these transactions.
Email Address / Website: cryptolifex@gmail.com / www.cryptolifex.com
Project Team
Departament: Innovation and Creation
Jean Carlos Gonzalez/ jeangonzalez1601@gmail.com
Patricia Gonzalez/ patiig13@hotmail.com
Douglas Roman/ douglasroman86@gmail.com
Jonathan Camacho/ jecn90@gmail.com
Departament: Advertising & Marketing
Roger Rodriguez/ roger.socialview@gmail.com
Departament: Developers
Gary Bustillos/ garybustillos@gmail.com
Omar Yepez/ oyepez003@gmail.com
William Garcia/ tecnorepair.ve@gmail.com
Proposal Advice
Eugenia Alcala / dashcaracas@gmail.com
Legal Advice
Yvan Rodriguez
Stakeholders
The fundamental purpose of this project is initially orientated to those within the Venezuelan community, who wants to acquire DASH with Bolivares (VEF) directly, without having to get Bitcoin first to then exchange them for Dash.
Project Scope Statement
DASH is a technology that little by little has made a place in the world picture, thanks the advantages it offers compared to traditional finance systems.
Cryptolifex will provide security for P2P transactions success. The platform will be an intermediary with a strong system to prevent scams. It will be easier for users to acquire DASH with their local currency and not having to buy Bitcoin first to then exchange themfor DASH in an Exchange.
Cryptolifex platform will not need direct human interaction for its operation, which allows users to use it24/7, 365 days of the year.
Cryptolifex can change the way business is made in Venezuela, because of its low cost, its level of security and its ease of use.
This project provides a contribution at a social level, given that it throws new information to entrepreneurs and others. That will allow them to make decisions about the adoption of this technology as an alternative or complementary tool depending on the needs they have.
The activities made by DASH Caracas (@dashcaracas) have raised the interest of Venezuelans to buy and sell Dash directly with their local currency. The first conference of Dash Caracas had an attendance of around 140 people. The second one managed to have more than 350 people interested in knowing more about this cryptocurrency. By the information DASH Caracas sent us, we know there is an approximate of 1700 people registered in their database for the third conference.
Once the platform is finished, the team of Dash Venezuela will test it, having the opportunity to write a review ofthe website. The results will be presented in the next conferences with the possibility of performing live tests so people understand the use of the platform and get familiar with it.
Social Networks: @dashcaracas #dashccs
Objectives
- Purchase of DASH without needing to obtain Bitcoin in Venezuela.
- Lowering fees through DASH.
- Low waiting time between Buy/Sell transactions.
- Increase of transactions and trading with Dash in Venezuela.
- Cryptolifex will be a decentralized platform, a Peer-to-Peer with escrow.
- Cryptolifex will allow the use of legal person accounts.
- Make an advertising campaign to make the cryptocurrency more known.
- No limit in daily transactions.
- No limit in daily buy/sell transactions.
Commercializing in Venezuela with Dash will be one of the benefits people will have by using Cryptolifex, we will achieve this by advertising campaigns through our social networks, including radio and TV, and we will have participation in the next DASH Caracas conferences.
Facebook: www.facebook.com/Crypto-Lifex-128184267859293/
Instagram: www.instagram.com/cryptolifex/
Twitter: www.twitter.com/Cryptolifex
Key Deliverables
On Cryptolifex website users will find and use:
- Dash Buy/Sell Ads.
- Internal wallet for transactions with escrow.
- Technical support through email.
- User profile with reputation system.
- Transaction history of each user.
- Chat for communication between buyer and seller.
Scope
This project addresses the process of exchanging Dash to Bolivares Fuertes (VEF) and vice versa on the internet, the marketing of the cryptocurrency throughout the country and the increasing of its use. This will be carried out through advertising campaigns in the whole country. We will also have the support of DASH Venezuela collaborators to spread the information in the entire national territory.
Project Milestones and Schedule
Starts: December 01-2017. Ends: March 01-2018
EXPENSES / DETAILS / RESPONSIBLE / USD BUDGET
5 DASH REFUND / 5 DASH refund proposal
FROTEND 250 HOURS / Website Development / William Garcia / 2,500.00 $
BACKEND 300 HOURS / API Development / Omar Yepez / 4,500.00 $
TESTED 15 HOURS / Platform testing / Team Cryptolifex and DASH Caracas / 200.00 $
ADVERTISING AND MARKETING 12 MONTHS / Development of an Advertising, Social Network, TV, Radio and Dash community campaign/ Roger Rodriguez / 4,200.00 $
CUSTOMER SUPPORT AGENT 4 MONTHS / Customer support: doubts and problem solving within the platform / Gary Bustillos / 1,000.00 $
PROJECT ADVICE / Advice to the entrepreneur team about pre-proposal process / proposal / reports at Dash Treasury. Reading of the project for corrections / Eugenia Alcala / 150.00 $
LEGAL ADVICE / Legal advice and constitution of the company / Yvan Rodriguez / 500.00 $
TOTAL USD 13,050.00 $
Success Criteria
Once the platform is ready, DASH team will test it by creating users, buying, selling and creating DASH buy/sell ads. In addition, they will be able to verify platform support, levels of security and make sure everything works fine.
Our advertising campaign will be based on presenting information about the advantage of using DASH cryptocurrency in Venezuela through radio shows, press, flyers, social networks, YouTube channel and Television.
Major Known Risks
Risk / Risk Rating ( Hi , Med , Lod )
Volume of transactions / Medium
Advertising / Low
Hackers / Low
DASH price flutuation / Medium
Constraints
- Volume of transactions. At the beginning of the platform will not have any user, since this is earned through advertising and trust we generate, therefore the first users to buy and sell DASH will be the team of Cryptolifex, while people create users and start to buy and sell DASH. As a result of not having enough funds for buying and selling DASH, we will not be able to create enough ads as long as the community signs in and use the platform by creating their own Buy / Sell ads.
- Advertising
- Hackers
- Dash price fluctuation
External Dependencies
Dependencies:
- Cryptolifex team, responsible for the execution of the project.
- MasterNodes Owners through their vote on the proposal to access the financing of the DASH Treasury.
- DASH Venezuela, who are already participating in the project's assessment, the platform's tests and they will include the results of that review in the content of their upcoming conferences and other events.
Communication Strategy
The communication in the Cryptolifex team is done daily, without leaving any detail at random, we always attack doubts instantly proposing various alternatives after identifying the situation that needs to be solved, analyzing the existing variables or options, taking into account the available resources and the impact that it would cause for both the Cryptolifex team and the community.
Our decision-making is always made by voting, where each member of the Cryptolifex team gives his opinion regarding the previously proposed alternatives, and we decide by majority vote which will best fulfill our purpose. They are made personally in a place already defined or through Skype.
Finally we put into action the solution that came closest to our goal, this process is still subjective so there will be the chance of changing our decision in case things do not go as planned, while remaining persistent. If we see that the goal has not been reached in a unit of time and considerable efforts for our purpose, we can change the alternative. The important thing is not to see it as a mistake but as learning.
Communication with Venezuelan community will be carried out through social networks such as, Telegram, Twitter, Facebook, Instagram, among others.
The community will also be reached through the help of different DASH collaborators in Venezuela.
Reviews Planned
Cryptolifex has as purpose the daily check of the entire platform; this will be done with the Cryptolifex work team that we assign to be able to comply with a 24 hour support to it.
The Cryptolifex team will make monthly updates of the project's progress through the DASH Forum.
The current USD value of Dash is $1141.33
2500/1141.33 2.190426 Dash
4500/1141.33 4.942768 Dash
200/1141.33 0.175234 Dash
4200/1141.33 3.679917 Dash
1000/1141.33 0.876170 Dash
150/1141.33 0.131425 Dash
500/1141.33 0.438085Dash
5.000000 Dash Proposal Fee
TOTAL
13.050 USD 17.434025 Dash
18.000000 Dash
Thanks to the people who helped us to found this proposal.
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MNO. Sydney, Australia. No soy fanático de los condados socialistas y del feminismo interseccional. Obtienes 'SÍ' de mí. Haz que suceda equipo. Haz que Venezuela sea grandiosa.
Cheers!
I'm from Brazil and we are very close in the understanding of the difficulties the Venezuelan people are passing through.
I believe this is a very welcoming tool to have Dash to the merchants and the people who really need this to fight the actual astronomical inflation in Venezuela.
I have been myself in Vanezuela in 2015, I could see the difficulties by that time.
I have seen friends leaving the country to work on Brazil and Colombia.
Please in the name of the Brazil community I ask everybody to support this project.
Thank you for the tema and the proposal.
Brazil Community.
Thanks for your proposal :)
First of all, congratulations for your proposal and for you efforts bringing Dash to Venezuela. I am convinced that with this project you will be able to help both, Dash investors and the people of Venezuela. Thank you very much!
That said, I would like to advise you about what I think is one important and typical hurdle faced by decentralized exchanges and how to overcome it: liquidity. There are three main roles in every market: speculator (short/long term investor), liquidity provider, and arbitrator. In modern markets, five main tools assist those roles: market orders, limit orders, orders automation, settlement and security. The three roles make use of the five tools, albeit some roles use of some of them more. For instance, a liquidity provider makes an intensive use of the limit orders and the orders automation. Should any of those five things not be present or have a limited functionality, the liquidity of the market will be affected. A good example is Bisq. Bisq, a decentralized exchange that intrinsically has a slow settlement, fails to provide orders automation. For that simple reason, liquidity providers are not interested. That is something localbitcoins suffers less, because it provides some level of automation: one can set the price of limit orders – bid / ask advertisements –by using a formula fed with data from more liquid exchanges.
I will summarize my recommendations by breaking them down the five tools:
- Market orders: users of market orders should be able to get the price advertised in the limit order. They should have in advance as much information as possible about the time they will have to wait to get their orders settled. It is highly recommended that get the information on the spread they are paying by accepting a particular limit order.
- Limit orders: users of limit orders should be able to set up a limit order as fast as possible and be able to manage their limits orders in a simple and effective way. The more information can be standardized, the better (i.e. order type, payment method, price, etc.)
- Automation: automation should include, by importance, prices by formula, API, orders by formula, orders by trigger (stop orders, etc.). The first three are a magnet for liquidity providers and arbitrators. The last one is a beloved one for speculators.
- Settlement: this is the weakest point in a decentralized exchange. Escrow can help fast settlement when trading digital assets, but fiat trading is an issue. As I already said for market orders, I recommend putting the focus in information. To have a broad variety of payment options is also an important action front.
- Security: servers shall be secure against attacks. It is essential to have escrow and a reliable dispute resolution system.
I hope you find some of the recommendations useful. I wish you the best with your project.
Pablo MP
Let me think about this for a second... OK, second's over, hell, yes! *smashes the yes button* :-)
Good luck to you and the rebooted Colibit proposal to come. I really hope that Dash can help bring a good life and stability back to the people of Venezuela.
Good Luck from Germany
do you have an idea how many users you will acquire over next 12 months ??
We are expected to have more than 1500 users on first month, additionally with the publicity that we will make of DASH and all the work that DASH CARACAS is doing we hope that there will be a great increase in the DASH community in Venezuela.
thanks for your proposal. One question: why your exchange name contains "crypto" when it is only a DASH exchange? Yes, DASH is cryptocurrency but DASH will be "digital cash". Crypto sounds good for nerds like us but not for normal people without technical background. A directly name like "Veftodash" or something else is easier to remember and sounds more friendlier for normal people in my opinion. But it is your project and I wish you all the best ... you can do it!!!
So I hope MNOs and developers take a good look at this proposal, and if you find it to be well structured, it passes.
With that said, I am happy to see the community of DASH entrepreneurs growing in Venezuela. Well done, you guys :-)
Let's help our people!!
Let's help our people.