Proposal “Dash-Retail-1“ (Active)Back

Title:Dash Retail: Make Every Dash Merchant a Dash Point of Sale, BitPay-Like Merchant Hedging & Colombia Pilot
Monthly amount: 129 DASH (8946 USD)
Completed payments: no payments occurred yet (3 month remaining)
Payment start/end: 2019-01-16 / 2019-04-15 (added on 2019-01-07)
Final voting deadline: in 12 days
Votes: 333 Yes / 20 No / 39 Abstain
Will be funded: No. This proposal needs additional 171 Yes votes to become funded.
Manually vote on this proposal (DashCore - Tools - Debugconsole):
gobject vote-many 9b4805cfc66dd2559ea77c3dba56f20bdf1e926f714eb92d9085a16f29178187 funding yes

Please login or create a new DashCentral account for comfortable one button voting!

Proposal description

Enabling Dash merchants to buy, sell and accept Dash in one integrated system. A 12-month hybrid software development and marketing project to enable our 4,500+ Dash merchants to become fiat on-/off-ramps, Dash remittance agents, and to instantly hedge against volatility.

Proposal video forthcoming

Dash Podcast interview with Ash Francis (product manager)
Dash Podcast interview with George Donnelly (deployment lead)
Dash Brazil interview with George Donnelly
Dash News: Dash Adoption in Colombia Speeds Past 300 Merchants

Download the complete Dash Retail proposal [PDF]

Dash Retail Mission Statement
  • Dash Economy Infrastructure: Create, support and promote the point-of-sale infrastructure required for a Dash-only monetary system to dominate the global economy.
  • Supercharge Merchant Adoption: Spark the next round of growth in Dash merchant adoption by enabling Dash merchants to hedge their received Dash instantly, enabling Dash to enter new industries and climb the supply chain by removing the volatility risk.
  • Total Dash Liquidity: Leapfrog the ATM/exchange integration marathon by leveraging every Dash merchant as a Dash on-/off-ramp, thereby closing the adoption loop and reducing system-wide volatility.

Why Vote Yes
  1. Make every Dash merchant a Dash point of sale.
  2. Enable us to get merchants who won’t or can’t tolerate volatility, such as supermarkets, fuel, utilities and other sellers of commodities.
  3. Make every Dash merchant a Dash remittance agent and incentivize a network of mobile, independent Dash remittance agents across Colombia and Latam.

What Dash Gets
  1. The Dash Retail mobile web app that enables Dash merchants to:
    1. receive Dash payments (only Dash);
    2. instantly hedge a self-selected percentage of their received Dash payments in a stablecoin (and eventually cash out to fiat on a schedule);
    3. sell Dash to consumers in arbitrary increments; and
    4. remit Dash across the globe to previously-registered anonymous Dash addresses.
  2. The Dash Retail app allows consumers to:
    1. buy Dash at every participating Dash merchant location.
    2. sell Dash for fiat at every participating Dash merchant location.
  3. A pilot of Dash Retail in Colombia by the Dash Colombia team starting Aug 1 2019, including a liquidity pool administered by Dash Colombia.
  4. The rollout of Dash Retail in Colombia starting Nov 1 2019.
  5. The potential to pilot Dash Retail in other regions in 2019.
  6. Exchange rate consistency with Core wallets.
  7. The potential to roll out Dash Retail across the globe as a tool to accelerate worldwide Dash mass adoption and give us an essential strategic advantage vis-a-vis other coins.

Why This Price
We aim to produce an MVP (minimum viable product) in 6 months, test in the field, then roll out and iterate. We expect to require approximately USD$10,000 in purchasing power per month for the first 9 months (development and pilot), and slightly more per month as we enter the rollout stage. All of us are working at reduced or no compensation because of our longstanding commitment to Dash and/or funding from other proposals.

Download the complete Dash Retail proposal [PDF]

Show full description ...

Discussion: Should we fund this proposal?

Submit comment
0 points,1 hour ago
Hello George,

I watched the video it was interesting however I got the impression you may have inadvertently misrepresented the Venezuela teams a little in your comments e.g. you say there was no collaboration with you and Venezuela but correct me if I'm wrong didn't DASH help fly to Colombia to support you with your recent DASH event? I believe they did this free of charge. Also DASH help have provide your customers with tech support - this was reported by Edward Stover in which one of your customers asked you a tech support question but you did not know the answer and you referred them to DASH help. They also provided you free of charge point of sale merchandise - which I think you mentioned in your video. I know you are busy and hard working person promoting DASH in Colombia and it is the same in Venezuela with the other teams. I think that there is very little time to be collaborating on projects which are in different countries with different needs and different strategies.

I also noticed that in your opinion was different with the Venezuela marketing strategy where you have a "Merchant centric" approach however note that you also stated that you were inspired by the Venezuela teams to start working in Colombia, so if Venezuela did not start I'm not so certain you project would have started. I think this point is very important point. Venezuela is inspiring teams like yours to start DASH promotion work. Venezuela teams also started first the marketing strategy for merchants - after which you followed afterwards with your own strategy- and to your credit made it work for you in Colombia. In Venezuela however they have a different strategy and that has been worked out to be optimal for their region and set of political and economic circumstances which are quite different than those in Colombia. Since you're not based and living in Venezuela I think it is fair to say you can't really know that market as well as people that have lived there day to day for all their lives.

As you know I am involved in helping to develop those Venezuela merchant marketing strategies and we have carefully thought all the way through the process. We are still refining that process however. We had already identified marketing to supermarkets and mini markets is essential but there are reasons why it could not be done right away. e.g. the Venezuelan teams had to develop a special POS system that would meet the government regulations - unlike in Colombia, a Venezuelan food shop that does not meet the regulations will get shut down.

I just wanted to clarify these points. There is friendly collaboration as much as is needed bearing in mind there are different markets and different needs.

The other questions I have in your interview. You mention that in your opinion that marketing in Venezuela is quote "high risk" - yet that is what you are looking to do yourself with remittance markets. So I'm a little confused why you say it is "high risk" but you yourself want to get into that market for remittances? Could you clarify this. If it is high risk then why are your interested in developing that market.

The Dash Venezuela teams have a proposal now for signing up mini markets and super markets. From what I can see in your planned proposal of being financially self supporting will depend on the Venezuelan remittance market and for that to work we need supermarkets and mini markets and pharmacies etc signed up in Venezuela. So, the Venezuela teams would, in fact, be supporting your goals.

I wanted to clarify these points because I felt the interview did not make these points clear and honestly it looked somewhat biased in my opinion. I know there is limited funds in the DASH treasury at the moment but I think worth while projects will be voted through based on merit. As you know I've supported your projects from the start and was an advisor on one of them. I just wanted to make sure that the Venezuela teams projects are fairly represented.
2 points,1 day ago
Dash Watch video interview with multiple proposal owner, George Donnelly focusing on his work in Colombia and Latin America with questions such as “How would you respond to the statement Colombians have no reason to use cryptocurrencies since there is no hyperinflation?"

We cover a wide range of topics and George provides his perspective on merchant adoption strategies, the current merchant transaction numbers, the challenges of Dash depreciation, economic self sufficiency, liquidity solutions and are meetups and conferences a cost-effective way to increase Dash adoption?

We also cover the value proposition and thinking behind this specific proposal in detail
1 point,1 day ago
Comon guys lets show george some support!!

Only honest and viable project currently in latam!!

Voting yes!!!
0 points,4 days ago
Yes from me! All the best!
0 points,4 days ago
Much appreciated, Macno!
1 point,6 days ago
that sounds a lot like "skunkworks" - Evan and Amanda talked about more then a year ago I think. Me gusta mucho. Tienes mi apoyo. Buena suerte!
1 point,6 days ago
Indeed, crypt0fan, some of us are starting up a kind of Dash skunkworks and this is the first project to come out of it. We expect to produce a lot more as well as to help others refine their ideas into high-value projects as well as onboard new people into the Dash community who can follow a similar path. Gracias por tu apoyo!
1 point,6 days ago
yep, this is how we do it!
0 points,6 days ago
Thanks Ageless!
2 points,7 days ago
Voting yes, good luck.
0 points,7 days ago
Thank you, qwizzie!
1 point,7 days ago
Hi there! I think this proposal will be of great benefit for Dash in case of being approved. Once it has been tested in Colombia, it can be replicated here in VE and the rest of the world to boost adoption
2 points,8 days ago
I've had several long discussions with George about this topic, and I believe that it is *critical* to develop utilities with these capabilities to provide liquidity, reduce friction, and help merchants who have taken the bold step of accepting Dash and facilitating its sale to hedge against volatility. If we don't get Dash in to the hands of consumers and incentivize its use, onboarding thousands of merchants won't amount to anything other than a symbolic accomplishment. Finding a way to facilitate these parameters is paramount to making the grassroots approach work *anywhere,* especially in this region, and George, kodaxx, and Ash have proven themselves so far in their respective proposals, so I'm glad to give them the first crack at making this a reality as a team.

Do us proud, folks.
0 points,8 days ago
We will, Arthyron, thanks for your support.
3 points,8 days ago
voting YES.

"A 12-month hybrid software development and marketing project to enable our 4,500+ Dash merchants to become fiat on-/off-ramps, Dash remittance agents" - I remain impressed with George Donnelly whom is obviously a problem solver.
0 points,8 days ago
Thanks Criticalinput, we've got a great team here and we are going to make this happen.
2 points,8 days ago
Wow, a product like this would be of huge benifit to the dash ecosystem. Voting yes.
0 points,8 days ago
Thanks KiwiCodger, are excited about what this can do for us!