Welcome!

1.General Project Information

Project Name:	Dash Vending Expansion – module which gives possibility to pay via dash on existing vending machine/ Proof of concept stage 
TDLR version	Our team wants to make a embedded device for vending machines that will add support for Dash payments. This proposal is for phase 1 out of 3, which deals with technical analysis, concept validation and feasibility study.
Links	Presentation Proposal in word  Preproposal discussion
Project description and statement:	Cryptocurrency has incited a global rush of exciting new advancements, most notably across the payment industry. The only problem is there is almost noway for people to spend it That project is going to provide such possibility in vending machine industry. As a result of the project will be created easy plug and play device that will allow after installation to add dash payment option to existing vending machine. Module is interact with vending machine as a bill acceptor and gives possibility to pay via Dash cryptocurrency Project statement: Daily life with Dash is easy   

Dear MNO. We appreciate your negative or positive  feedback.  Please in addition to voting, leave the comment to the proposal, It will allow us to improve. Thanks

2.Project Scope Statement
2.1. Project Purpose / Business Justification 
·        According to a 2014 Rasmussen survey, half of Americans (49%) say they have gone an entire week without spending cash. It’s not surprising, then, that 57% of
consumers in survey pinpointed lack of cash/change on-hand as a major barrier to using vending machines.
·        Cryptousers are struggling to use it for more everyday transactions.
·        About 30% of total vending machine sales come from schools
 
We therefore have an opportunity to provide possibility to pay via Dash while using Vending Machines  and expansion to vending “real  retail” will bring great promo effect for DASH
cryptocurrency indeed

2.2. Objectives (in business terms) 
Provide possibility to use dash while buying from vending machine. 

The 3 years target is to have 0,5% of sales via Dash in selected region.
 Now e-payment tech offers a way for people touse their crypto ineveryday transactions, and it’s changing the entire retail landscape
Existing trends in retail industry shows significant growth of using e-wallets. Expected that 46% of global e-commerce payments will be paid via e-Wallet by 2021. The installed base of connected vending machines worldwide will reach 3.6 million by 2020 from 1,51m units in 2015
From other hands vending operating companies are trying to monetize as much as possible already made investments.

The project’s result will allow them to do low cost upgrade and provide additional alternative options to the end users 

There are following values for different type of stakeholders:
DASH community

• Growth of DASH popularity
• Additional possibility to use Dash not only by enthusiast but a digital addicted people
• Increase DASH stability via increasing number of transaction for buying real goods

Customers

• New way of using cryptocurrencies in their daily life
• Worldwide usage of Dash

Vending operators

• seamless integration to existing non-intellectual vending machines without software upgrade
• alternative payment options and additional revenue stream
• Low cost solution
• PR

Potential Investors/Potential Crypto Payments Gateways Providers: 

•         Providing Financial and Investment Solutions for CryptoVending
•         Investing opportunities for growing industry

3. Key Deliverables 
1.       1-st phase – is Concept Validation
  ·        Confirmed technical design
  ·        Working prototype of the solution 
  ·        SW and technical design is published to community
  ·        Decision Go/not Go for following phase
 
2.       Phase2 (Pilot). SW enhancement and rollout in pilot region
  ·        Rollout in one specific area
  ·        Integration with payment gateways 
  ·        Sales strategy
  ·        Legal analyses
  ·        GotoMarket Strategy
  ·        Decision Go/not Go for following phase
 
3.       Phase3. Operations andglobal rollout
  ·        Massive rollout and operations in selected region. 
  ·        Formed country leaders team

4. Scope
  This project provide possibility to use Dash for buying goods via vending machine. Mobile wallet is not included in scope
  Scope of current proposal is limited to Phase1.  Following phase will depends on results of Phase1

5. Project Milestones and Schedule
  ·        POC funding – 10/2018
  ·        Technical development –01/2019
  ·        Preparation for 2-nd phase –01/2019
  ·        Phase 2 funding – 02/2019
  ·        SW enhancement – 04/2019
  ·        HW industrial design –05/2019
  ·        Rollout in specific region06/2019-08/2019
  ·        Go To Market strategy 08/2019
  ·        Results validation and Decision on global rollout – 08/2019
  ·        Global rollout 08/2019+

6. Success Criteria
1.       Phase 1 – Concept Validation
  ·        Designed solution is working in real vending machine
  ·        No significant gap in customer journey
  ·        HW cost of the designed solution is less than 80USD
 
2.       Phase 2 (Pilot). Success criteria will be clarified after phase1. Preliminary success criteria 
  ·        Rollout in one specific area is done
  ·        No significant issue from vendor operators
  ·        0,05-0.1% of transaction are done via Dash 
 
3.      Phase 3. Operations and global rollout
  ·        self-sufficiency 
  ·        Monetizing approach is not selling of devices, but to have fees from transactions
  ·        0,5% of transaction are done via Dash 
  ·        Created leaders team who are managing project in different countries

7.Major Known Risks(including significant Assumptions) 

Risk	Risk Rating (Hi, Med, Lo)
Potential ROI for most countries is too bad (2% payment processing  commission, 100$ average cost of solution, risk of HW destroy and no diligence)	Hi
DASH exchange rate   volatility	Low
Hacks, fraud, scam	Med

Constraints 
  1.Hard work for implementation process at early stage :)
  2.Big quantity of various vending solutions, vendors, fiat currencies with exchange rate volatility and unpredictable inflation rates
  3. Language barriers
  4. Industry players vision changes so slowly

8.Communication Strategy 
  Steerco meeting  
     Responsible:    PM  
     Participants:   Sponsor (Dash community), PM, Team members(optional)  
     Channel:       Forum, Slack  
     Purpose:   To review progress; scope management
     Frequency;   monthly

  Operational meeting  
     Responsible:    PM  
     Participants:   PM,Team members
     Channel:   Skype, Slack  
     Purpose:   Track progress; keep team informed about main decisions  
     Frequency;   weekly
 
  Status reports  
     Responsible:    PM  
     Participants:   Sponsor (Dash community), PM,Team members  
     Channel:   Dash forum  
     Purpose:   keep community informed about main decisions and progress  
     Frequency;   biweekly

9. Reviews Planned 
  Plan will be reviewed on monthly basis. 

10.  Notes
As an option could be considered full-fledged commercial project. All potential investors are welcome.

11.Project Team contacts

  Project Manager
     Konstantin Koltsov      +380672206813   Kostiantyn.koltsov@gmail.com
  Team Members   
     Yuriy Kruglov           +380955321461        Hodkonem36@gmail.com
     Dionis Papavramidis   +14153905980     dionis.papavramidis@gmail.com
      Konstantin Mosin                   prom.electronics@gmail.com