Proposal “DIF-ongoing-funding-Mar-May“ (Completed)Back

Title:DIF Ongoing Funding March-May
Owner:TheDIF
Monthly amount: 300 DASH (8685 USD)
Completed payments: 3 totaling in 900 DASH (0 month remaining)
Payment start/end: 2022-03-13 / 2022-06-10 (added on 2022-03-15)
Votes: 738 Yes / 111 No / 28 Abstain

Proposal description

Dear Network,
This proposal is part of two proposals submitted for funding this cycle. 
  • DIF ongoing funding (300 DASH Mar-May)
  • DIF supplemental funding (amount still to be determined)
Our book keeper has prepared our Q4 balance sheet and profit and loss statements:
https://i.imgur.com/xqs71gm.png
For a comprehensive update of the DIF’s activities during Q1 of 2022 please see our latest blog post, here: 
https://www.dashinvests.org/dash-investment-foundation-newsletter-feb-2022/

– DIF Supervisors

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Discussion: Should we fund this proposal?

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1 point,2 years ago
$1.9 million allocated from the DAO https://mnowatch.org/proposalowners/?po=TheDIF
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3 points,2 years ago
Hi Lysergic, I'm not sure how to interpret your statement. Is there a positive or negative implication?

To provide some perspective either way:
As you can see, our balance sheet totals over $2.3m. We believe there is also significant unrecognized value, as some investments have developed very well, but prudent accounting practices do not allow us to mark up our investments until they have another financing event that confirms the higher valuation.

Also keep in mind that a significant portion of the funds were granted to us at higher Dash valuations than what we have today. Rather than riding the price down as a simple hodler would, we managed to increase our fund value.

So it seems to me we've been pretty good shepherds of the funds entrusted to us. do you see it differently?

--
Sven as DIF supervisor
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0 points,2 years ago
[i]test[/i]
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1 point,2 years ago
This is tiny compared to normal market cap calculations. My hope is that one day we'll have DAO assets that matches or surpasses the dash coin market cap.

I don't agree with all their decisions but they are building out their portfolio. Am just hoping they can add media and brand building to their portfolio. Still a long way to go.
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1 point,2 years ago
Yikes! Just found another proposal funding The DIF, let's keep an eye on it. https://mnowatch.org/proposalowners/?po=TheDIF,difkennedy
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