Proposal “DACH_BUSINESS_DEVELOPMENT_Q1_20“ (Closed)Back

Title:[PLEASE REPLACE WITH NEW PROPOSAL] DACH: Business Development Q1/20
Owner:DASH_Embassy_DACH
Monthly amount: 381 DASH (27408 USD)
Completed payments: 1 totaling in 381 DASH (2 month remaining)
Payment start/end: 2020-01-15 / 2020-04-13 (added on 2020-01-10)
Final voting deadline: in passed
Votes: 568 Yes / 493 No / 24 Abstain

Proposal description

DACH: Business Development Q1/20

Please downvote and upvote our revised budget proposal instead


Dash Embassy D-A-CH (www.dash-embassy.org) was founded on the 23rd of Feb 2018. Our main goal is to increase the adoption of Dash by convincing FIAT-Gateways such as ATM Companies and Exchanges and companies from the payment industry, such as payment service providers (PSPs), cashier systems and payment terminals to integrate Dash. 

We are part of the Mobile Commerce Community of GS1 Germany (https://www.gs1-germany.de/gs1-solutions/mobile-commerce/). GS1 is owned by leading retail companies such as supermarkets, grocery stores and drugstores. By creating standards for payment and logistics for their stakeholders, GS1 has significant influence on the payment industry. The most known standard GS1 ever created was the EAN/GTIN Barcode that you can find on every product in the world.

In addition we are playing an active role in https://www.bitkom.org/EN. Bitkom is Germany’s digital association and represents 2,600+ companies of the digital economy (https://www.bitkom.org/EN/Bitkom/Mitgliedschaft/Mitgliederliste). Jan Heinrich Meyer (essra) was elected to be a board member of the blockchain working group of Bitkom (https://www.bitkom.org/Bitkom/Organisation/Gremien/Blockchain.html) along with IBM, DATEV and Comdirect. Because of this Dash Embassy D-A-CH is involved in creating the strategic mission of the blockchain working group of Bitkom and has access to industry leaders and research institutes of the digital economy in Germany.

For some of our future activities it will become mandatory to have an official regulatory classification for Dash. This is why we are in contact with the German regulator - BaFin (https://www.bafin.de/EN/Homepage/homepage_node.html) on a regular basis.

In the beginning of 2019 we initiated Dash Co-Working (DCW) to share our experience in business development with other DFOs, work on common goals, share our resources and thus mitigate inefficiencies resulting from the DAOs decentralization. As part of the DCW cooperation, Sinay Demirel (@sidem), our IT- and Integrations Manager, is supporting other DFOs with the technical integrations of their acquired partners. We invite every long term DFO with a business development background to join the existing group (DACH, DCG, Next/Thailand, Nigeria). For more details regarding DCW please have a look at: https://t1p.de/ttb7

Our current strategy is the result of our past years experience and research. For further information on the evolution of our strategy please see our previous proposal: https://www.dashcentral.org/p/DACH_BUSINESS_DEVELOPMENT_Q4_19

We believe that the decrease of the Dash price is becoming a serious problem. That’s why we consider adding investment related topics to our strategy. To learn more about the potential of this market we started researching and are now in conversations with financial institutions such as https://www.comdirect.de/ and https://iconicholding.com/ and professional investors.


Highlights 2019

3 Exchanges:  https://www.bitcoin.de/en, https://getchange.com, https://btc-alpha.com/en/

250+ ATMs: https://www.iqcashnow.com/

5 Crypto-PSPs (https://coinify.com/, https://utrust.com/, https://www.salamantex.com, https://www.iqcashnow.com/, https://pumapay.io/

60+ traditional PSPs (due to the mentioned Crypto-PSPs)

20,000+ Merchants all over Europe due to the mentioned Crypto-PSPs (incl. leading European online casino https://www.jackpot.de/, leading swiss online shop https://www.galaxus.ch/, leading Portuguese football club https://www.slbenfica.pt/, leading Portuguese smartphone reseller https://www.phonehouse.pt/, 36 adult entertainment platforms)

1 Giftcard: https://www.cgift.io/dash/

For further details on our integration projects please take a look at https://trello.com/b/cmCxf1JZ/dach-integrations

We have been a Co-Organizer of www.dashconvention.com 

For further track record see our Dash Watch Reports: https://www.dashwatch.org/

You are more than welcome to join our channels on Discord:

Dash Nation: #dash-embassy-dach
Dash Talk: #dash-embassy


What will Dash get from our proposal for Q1/20?
1. Business Development


We will be following our previous business development strategy from Q3/19 (https://www.dashcentral.org/p/DACH_Business_Development_Q3_19). This means that we are focusing our activities on FIAT Gateways such as ATMs, Exchanges and Wallets and companies from the payment industry such as Crypto-PSPs (payment service provider), traditional PSPs, cashier systems and payment terminals.

To enable the full potential of the Crypto-PSPs we are working with, we will host an event called “Cryptocurrency Day” together with GS1 Germany in their knowledge center in Cologne on the 21st of January 2020. The overall goal of this event is to connect Crypto-PSPs and the traditional payment industry to increase the number of Dash accepting merchants significantly, like it is already happening due to the partnership between Salamantex and ingenico for Austria and Germany (https://www.ingenico.de/smart-terminals/medien-ressourcen/pressemitteilungen/local/2019/201906---a1-entwickelt-payment-service-der-zukunft.html) or Switzerland due to the partnership between Bitcoin Suisse and Worldline (https://www.six-payment-services.com/en/shared/news/2019/Bitcoin.html#country=ch). We are expecting up to 150 decision makers from the traditional payment, retail and banking industry to attend the event. We created the agenda of “Cryptocurrency Day”, invited speakers and convinced sponsors. GS1 Germany is inviting their members as attendees. The event is accessible on invitation only. For further details on the agenda please take a look at:

https://www.gs1-germany.de/fileadmin/gs1/veranstaltungen/2020/agenda/Agenda_Save_The_Date_-_Crypto_Currency_Day_21_01_2020.pdf


2. Integrations

To keep you updated in a transparent way we do live reporting for all our integration projects by using the kanban software trello. So please have a look at our integration pipeline to get detailed information. 

Integration Pipeline: https://trello.com/b/cmCxf1JZ/dach-integrations

In addition to our own integration projects Sinay Demirel (@sidem) is supporting other DFOs (Co-Working members) with the technical integration and assistance of their acquired partners.


3. Events

On the 15th of January 2020 Jan Heinrich Meyer (@essra) will speak about Dash and it’s adoption at the “DLT in payments” event of the Digital Banking & Financial Services working group of Bitkom at Frankfurt School of Finance (attendance on invitation only for Bitkom members).

On the 21st of January 2020 Dash Embassy D-A-CH will host the “Cryptocurrency Day” together with GS1 Germany to connect Crypto-PSPs with traditional payment companies and the retail industry. For further information please take a look at 1. Business Development. (attendance on invitation for GS1 Germany members only)

On the 11th of February Jan Heinrich Meyer (@essra) will attend “Finanzmarktklausur” of Wirtschaftsrat (economic council) as a regular attendee to generate leads from the banking industry (attendance on invitation only for Wirtschaftsrat members).

On the 13th of February Jan Heinrich Meyer (@essra) will attend https://ecommerceberlin.com/ as a regular attendee to generate leads from the traditional payment industry and major e-commerce companies (attendance is free of charge and open for everyone).

On the 16th of February Jan Heinrich Meyer (@essra) will attend https://www.eurocis.com/ (leading trade fair for retail technology in Europe) as a regular attendee to generate leads from the traditional payment industry (attendance is open for everyone).

On the 26th of February Jan Heinrich Meyer (@essra) will attend the “Decentralized & Self Sovereign Identity” event of Blockchain working group of Bitkom as a member of the board (attendance on invitation only for Bitkom members).

The list above is not complete yet. We will try our best to acquire as many events of this kind as possible for Q1/2020.


4. Lobbying

Suitable to our Business Development Strategy we are part of working groups about digital transformation, digital payments, Fintechs and digital Banking in the following associations:


Together with Bitkom we have been working on positioning paper in regards to the blockchain strategy of the German government in 2019. In 2020 we will do the same with the EU consultation for the regulatory framework of Crypto-Assets.

Right now we only have been able to utilize Bitkom and GS1 Germany for our business development activities. We hope that we are able to do the same with Wirtschaftsrat in future.


5. Website

We will keep our website and all included services up-to-date and constantly create regular news updates consisting of german translations of blog.dash.org articles and updates of our own achievements. New possibilities of accepting Dash by our partner businesses will be prominently featured to promote stronger business development also via our website.


6. Social Media

We are using our social media channels for community updates, event announcements and merchant posts and for sharing German dashnews.org articles. 

If you want to subscribe to our channels, we will be happy to welcome you as a subscriber.

https://www.facebook.com/dashembassydach/
https://twitter.com/dashembassydach 
https://www.instagram.com/dash_embassy_dach/
https://t.me/dashembassydach
https://www.youtube.com/channel/UCuLSfeIMuQ_npjjBY3J_FPA
https://www.linkedin.com/company/dash-embassy-d-a-ch/ 
https://www.xing.com/companies/dashembassyd-a-chug 


7. PR

We are sending out German press releases whenever we have news to share. In addition we will keep up the work with DCG and DashNews in DCW (Dash Co-Working) to bring international news into crypto related media platforms in DACH region and DACH news in international media.


8. Legal

While talking to regulated exchanges and Crypto-PSPs we experienced the recurring need for an official statement about the regulatory classification and AML compliance of Dash by the regulatory entities of the corresponding jurisdiction.

Our lawyers from Germany created a legal opinion that we shared with BaFin (German regulator) to get a regulatory classification of Dash as a unit of account and a certificate of compliance for PrivateSend. As BaFin is the most restrictive regulator in EU we believe that other regulators in our region will follow their opinion.


9. Team

Jan Heinrich Meyer (@essra) - https://www.linkedin.com/in/jan-heinrich-meyer-a5a6bb108/
Sinay Demirel (@sidem) - https://www.linkedin.com/in/sinaydemirel/
Klaus Hipfinger (@simontheravager) - https://www.linkedin.com/in/klaus-hipfinger-510390150/


10. Financials

Budget requested for Q4/2019:

238 Dash/month (estimated avg. Dash Price of $ 81,83) = $ 58.47k or € 53.19k (total in Q4)
Due to the decreased Dash price we only received € 41.9k (total in Q4). 


Budget request Q1/2020:

https://lh4.googleusercontent.com/6kxS-NXZ6Zhy9_wN_9qQTdEItdYNZOcTUJWdrER_dHRA8ejUKg5IKsCZRy5NRFItLAPO_0FePKkscdX3O40tJ1l-BDPM6GJmrcrJaNgxP5qJL2eq_e31s7SFVTgz5XIMct8QQt38

We use the 30 days SMA with an average Dash Price of $45,98 for the 1st quarter of 2020 on the 9th of January: https://bitinfocharts.com/comparison/price-dash-sma30.html#6m. We request the total amount with a volatility buffer of 10% for the quarter because of the risk of possible further price declines.


IMPORTANT NOTICE:

We are aware that even though we lowered our ask in FIAT by ~11% (compared to Q4/19) this proposal has an unusually high ask in Dash due to the low price. However due to constant underfunding caused by the falling Dash price during the last funding cycles all of our reserves are gone. If a renewed funding is not achieved in this cycle we will go bankrupt and will not be able to continue our work. We are willing to replace this proposal if the dash price increases significantly in the coming cycles to make more room for other POs/DFOs again.


Here you can find the Q1/2020 budget numbers in detail:

https://docs.google.com/spreadsheets/d/1j5LybTqzE23QmsUkRnbPqVCWMKjfN5IDWEwRf7hjtDI/edit#gid=1144595453


Links to our Liquidity and Capital Resources: 

DACH Business Development - Public Budget Planning and Accounting 2020:
https://docs.google.com/spreadsheets/d/1vzp2_9f1Hm9UNvqSahstl_6RXkwk1gNthDChhsqeWy8/edit#gid=1772385164

Corporate Wallet Address:
https://insight.dash.org/insight/address/XuMeunJDZrAusw45B4oreuH8RcKUY2fkMN


Thanks for your support! In Dash we trust! 

We are eager to read your comments and are thankful for your advice. 

The Dash Embassy D-A-CH Team

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Discussion: Should we fund this proposal?

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2 points,8 months ago
You may want to emphasize to downvote this proposal and upvote your revised proposal in your proposal description as well (so not just in your proposal title).
Reply
2 points,8 months ago
Voted NO as this became obsolete with your revised budget proposal with a lower funding request (good job). Revised budget proposal can be found here : https://www.dashcentral.org/p/DACH_BUSINESS_DEVELOPMENT_Q1_20_REVISED
Reply
1 point,9 months ago
The prospects for there being demand to pay with Dash in Germany and other European countries is extremely low--since Dash is significantly more volatile than the Euro ( economies do not switch to a currency that is significantly more volatile than the existing one being used)
Reply
1 point,9 months ago
UPDATE: Cryptocurrency Day @ GS1 Germany incl. a very interesting follow up

On January 21st our long awaited Cryptocurrency Day took place at the knowledge center of GS1 Germany. The event was created to connect Crypto-PSPs with the traditional retail (supermarket) and payment industrie to increase Dash adoption on a large scale. Over 50 decission makers from the traditional industries attended. A lot of promising connections have been made. BTC-Echo will follow up on this with an article.

We already scheduled follow up meetings with a leading cashier system software company in Europe serving over 90,000 cashier systems of leading European retail companies and one of the biggest traditional payment service providers in Europe: https://worldline.com/

For pictures please take a look at: https://app.dashnexus.org/proposals/dach_business_development_q1_20/updates
Reply
2 points,9 months ago
UPDATE: thanks to Jan Heinrich Meyer being a member of the board of Bitkom working group for blockchain, we recently received a consultation document on an EU framework for markets in crypto assets from the European Commission. We will work on this together with DCG and hope for a positive outcome for Dash in regards to the final European regulation.
Reply
5 points,9 months ago
Our blog post for the Bitkom "Digital Payments" working group is live. The topic of the event was "Payments via DLT & Blockchain" - exciting lectures from the Bundesbank, BaFin, Leondra and of course from us Dash Embassy.

https://www.dash-embassy.org/en/2020/01/23/bitkom-digital-payments-on-dlt-blockchain/
Reply
3 points,9 months ago
Because of this Bitkom event we just got invited to a workshop with one of the biggest retail (supermarket) companies in Europe. The topic of this workshop is to discuss how an integration could be done. Unfortunately we are not allowed to share any additional information due to a signed NDA.
Reply
0 points,9 months ago
> 250+ ATMs: https://www.iqcashnow.com/

Dead link/site...
Reply
4 points,9 months ago
Hello 3d1409ae,

we are aware. We already talked to their CEO on Friday 17th. It looks like they are having some issues with the regulator. From what we know the ATMs will be sold to one of their competitors. Unfortunaltey we can't tell what will happen to their POS terminals right now, because we are not allowed to share any further details. We will keep you updated on the related trello card: https://trello.com/c/tfgWlyji/50-iq-cashnow-atms

Kind regards,

Jan
Reply
2 points,9 months ago
DACH are proven committed producers with demonstrable results. Yes for that reason alone. And, they are willing and able to take on the new outcome based (scientific) marketing program for anybody and everybody in Dash that wants or needs better marketing. Yes for that reason alone also. Don't forget to vote on that one too. It's passing, but it's a pretty skinny margin.

Yes for me, solarguy
Reply
0 points,9 months ago
demonstrable results? please share
Reply
3 points,9 months ago
voting YES. "This means that we are focusing our activities on FIAT Gateways such as...." - Excellent.
Reply
-1 point,9 months ago
yes, it's good, BUT @ 381Dash a month it's arguably extremely overpaid. For example, maybe at 1/4 of that per month it would be a good ROI?
Reply
3 points,9 months ago
Thank you, Criticalinput.
Reply
3 points,9 months ago
You guys rock. Voted YES!
Reply
2 points,9 months ago
Thank you for your ongoing support, Fabio.
Reply
5 points,9 months ago
You have my YES vote.
Reply
4 points,9 months ago
Thank you for your ongoing support, qwizzi.
Reply
1 point,9 months ago
+e (sorry for that)
Reply
1 point,9 months ago
no problem :)
Reply
3 points,9 months ago
Please also take a look at the DCW (Dash Co-Working) proposal we submitted. It's regarding working on Marketing Structure and Strategy together with other DFOs: https://www.dashcentral.org/p/DCW_MARKETING_STRATEGY_AND_STRUCTUR
Reply
4 points,9 months ago
UPDATE: we finished the agenda of "Cryptocurrency Day" which we are organizing together with GS1 Germany on January 21st 2020. We are expecting up to 150 attendees from the payment, banking and retail industry, such as Commerzbank, Edeka, Metro, Aldi, Verifone, Worldline, Payone, ...

https://www.gs1-germany.de/fileadmin/gs1/veranstaltungen/2020/agenda/Agenda_Save_The_Date_Crypto_Currency_Day_21_01_2020.pdf
Reply
4 points,9 months ago
Would like to know why these NO votes. Hope your proposal will pass. Thxs for your work for DASH!
Reply
5 points,9 months ago
Hello NOTAGAIN,

thank you for your support. We would be interested in a proper feedback of the no-voters too. But we never really recieived one during the past few months.

Cheers,
essra
Reply
7 points,9 months ago
I like your work and what you have achieved last year. Voting yes.
Reply
4 points,9 months ago
Hello cryptofan,

thank you for your kind words. We will do our best to build on our achievements from 2019.

Cheers,
essra
Reply
-2 points,9 months ago
There is heavy brigading going on in this proposal. See the number of downvotes on comments. $25,000 in free salaries for worthless exchange listings and attending conferences. It is an oldtimer cash grab via vote grabbing - free money for doing nothing.

Dach Embassy is an extension of the Toxic Dash Force Discord and sidem has been an abusive moderator there for a long time. This proposal is part of the dash force strategy to grab all funding through garbage proposals.

It is widely known that these embassies have all failed miserably and funding this will only reduce dash's price in the immediate future.
Reply
4 points,9 months ago
troll
Reply
-8 points,9 months ago
Dach Embassy is amongst the worst possible investments being made by the treasury with negligible returns.

80% of their budget is personal salaries, travel and hospitality so you know where the 381 dash is going to go. If these people had any real interest they wouldnt be trying to put all this money in their own pockets.

The few "achievements" are all laughable as exchange listings beyond coinbase, binance and a few others bring almost no value and happen automatically. These embassy ideas have all failed miserably and dash price has taken a beating because of this.

This team is full of non technical hands who struggle to find a real job in this environment and are just trying to get free money. Those who don't know, they are allied with the Dash Force Gang to increase the votes they can get. See their twitter feed and you will know

Burning dash would be far far better than wasting it on these low end "consultant types".
Reply
5 points,9 months ago
troll
Reply