Proposal “Dash_Official_Cryptocurrency_of_FanDuel“ (Active)Back

Title:Dash, The Official Cryptocurrency of FanDuel - With Dash Deposit, 100 Million impressions, Dash Prize Awards during Dash Branded monthly contest
Owner:DEMOincubator_Escrow
Monthly amount: 668 DASH (262477 USD)
Completed payments: no payments occurred yet (3 month remaining)
Payment start/end: 2018-05-18 / 2018-08-16 (added on 2018-05-09)
Final voting deadline: in 10 days
Votes: 316 Yes / 51 No / 26 Abstain
Will be funded: No. This proposal needs additional 211 Yes votes to become funded.
Manually vote on this proposal (DashCore - Tools - Debugconsole):
gobject vote-many 0f5553c332f36cfdc0474de8ce68b44d9de396ce1c70e4a3c1919f4d385a0ee3 funding yes

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Proposal description

*This proposal is brought by Dash AeroSports, all contracts and deliverables will be managed by DEMO Incubator Inc. (This will be a business development and marketing Incubator proposal controlled by @DashRacer. This is not an escrow function of Demo Inc., DashRacer will be responsible for funds and execution of the project.

Dash Forum discussion: https://www.dash.org/forum/threads/dash-the-official-cryptocurrency-of-fanduel.37688/

Dash, The official Cryptocurrency of FanDuel! 
100 million impressions guaranteed


Two and a half months ago we asked the Dash network what they thought about working with FanDuel; a billion dollar fantasy Sports Company; to make a co-branded contest where contestants had the opportunity to enter and win Dash as the prize. This was a basketball contest centered on the NBA All Star Weekend. I want to thank all of you since we were approved and had the pleasure of following through with the Crypto Cup Presented by Dash! FanDuel was a pleasure to work with and very receptive to all changes we asked for, including making the word DASH larger on all pages and changing the original colors of the landing page to match our colors.

After working with FanDuel to get all details and graphics up to our standards we hosted the very successful Crypto Cup Presented by Dash Digital Cash. FanDuel sent out a promotional email describing the contest and the possibility of winning Dash to 6.5 million registered users. FanDuel hosted a custom landing page for us branded with Dash all over, links to Dash.org, and links to the Android and iPhone mobile wallet. The Community reacted well and FanDuel was very impressed by the reaction they got from their customers. FanDuel started to realize that their customers and Dash users were the same type of people. At the close of the contest, my team personally distributed the Dash winnings to each winners wallet engaging with them and answering any questions they had about Dash.

Please see our recap of the first contest:

Crypto Cup presented by DASH

FanDuel and DASH came together to sports fans "The Crypto Cup", a branded contest with unique prizing - Dash Digital Cash. FanDuel users had the opportunity to play in 2 branded contest to compete to win their share of 45 Dash. Over the course of 1 week with 2 NBA contests, we saw high engagement rates and over 91K unique contest entries, showing the strong interest that FanDuel users have in DASH Digital Cash.

Unique Contest entreis: 91,000+
Overall Impressions: 5,500,000+
Clicks: 115,000
Email CTR: 20%
Interstitial CTR: 35%

https://i.imgur.com/jOki7yn.jpg


We saw how FanDuel made good on all promises and decided this is a company we want to work with to benefit Dash long term. My team lead Cody Kelso set up a meeting with FanDuel in their home city New York. A week later Cody and I flew out. We discussed with FanDuel the possibility of working together on a long-term basis and the idea of accepting Dash on FanDuel.com.

https://i.imgur.com/2V6AzcS.jpg

I am happy to present the opportunity to be the exclusive and official cryptocurrency of FanDuel! This official partnership will be for the term of 6 months giving Dash the first right of refusal. Our current contract extends to 12 months, should Dash decide to continue at the 6 month mark.

https://i.imgur.com/5V9qfYL.jpg

Overview

In order to drive large scale adoption of Dash among sports fans, Dash will become the first Cryptocurrency Official Marketing Partner of FanDuel. Each month, FanDuel will feature custom Dash contests where users can play to win Dash currency and FanDuel credit. In addition, FanDuel will work with our team to create a deposit/landing page that allows users to deposit Dash in exchange for FanDuel credit.

FanDuel will provide co-branded promotion across our homepage “lobby”, email, interstitial, and social channels, promoting the Dash contests and new ways to deposit Dash for FanDuel credit.

This is an auto-renewing contract granted mutual agreement from both parties. Dash will be the clear presenter of contests throughout the year culminating in the “Road to 53” Super Bowl contest presented by Dash!

https://i.imgur.com/I9Z4ziS.jpg


FanDuel has made it clear that the numbers below are the bare minimum numbers! They will be presenting even more than this but the rest will be dynamic depending on which method of spreading the information is getting the most attention. Dash is guaranteed 100 Million impressions.

- 1x (minimum) Co-branded FanDuel Crypto Cup Contest per month

- Always-on custom co-branded landing page

- 12x (minimum) Custom Content Articles (i.e., “Dash Value Play" Spotlighting players that we project will provide great value to your lineup portfolio each week)

- Monthly Run-of-site (ROS) media takeovers across FanDuel and NumberFire (Desktop/Mobile)

- 12x (minimum) Custom email integrations

- 12x (minimum) Custom Social Posts

- 12x (minimum) Podcast Reads


NUMBER FIRE (FanDuel Partner)

• Custom Editorial Content

• Podcast Reads

• Home Page Takeovers

• Branded Emails

• Run of Site Placements

FanDuel

-Custom deposit integration

-Custom Co-branded Contest + Landing Page

-Site-wide branding and featured placement

-Custom Interstitials

-Custom Email

-ROS Media Social Posts on Twitter, Facebook/ Instagram

-100% SOV Integration into custom contests

https://i.imgur.com/mP5bQ1f.jpg


6 month contract paid over 3 months at 668 dash per month. 100 million impressions guaranteed making it less than a penny per impression. Dash will also be used for contest prize payouts. Dash 30 DMA $423

Thank you for your consideration,

Scott @DashRacer

https://i.imgur.com/yx3WXT9.jpg


Show full description ...

Discussion: Should we fund this proposal?

Submit comment
 
2 points,21 hours ago
Claiming that Dash is becoming the official cryptocurrency for FanDuel with this is a little like claiming that Dash is becoming the official cryptocurrency of Amazon with Bitcart giftcards. The headline is confusing since Dash is just a sponsor for prizes and a sponsor for a side attraction. The is little by way of adoption for Dash.

Fanduel isnt integrating Dash into their withdrawal systems which are still going to be running on Paypal. There is no option to withdraw your winnings in Dash which makes it amply clear that Dash will be dumped for fiat to get Fanduel Credits.

No numbers have been provided for how many Entries were paid for by Dash. Only data about views and clicks, which historically hasnt been an effective way to create adoption.

This is a prize sponsorship and advertising proposal costing 2004 Dash with Dash as a (likely not used) payment option thrown it. Since the amount is large, the impact of this proposal on the price of Dash should be evaluated carefully.
Reply
0 points,18 hours ago
Thank you for allowing me to answer your input to our proposal clearly and without question of our (DEMO) intentions.

In addition to the amazing FanDuel ecosystem, funding will provide for the Dash Deposit first into FanDuel credit. Once we accomplish deposits based on security and customer protection, we will move forward with the withdrawal of Dash option. Creating a complete Dash transactional environment within the FanDuel platform. (Transactional volume is a large contributor to crypto valuations) {increasing with volume increase} [Liquidity is also a benefit of volume in most cases]

We will not jeopardize security or customer experience to present an "all-at-once" development which is certain to fail. Just like Evolutions additions, we will protect our joint customer experience and their security.

The headline will contractually read "Dash, Official Cryptocurrency of FanDuel" and Dash will remain the exclusive crypto payment option for FanDuel during the term of the agreement which Dash retains the first right of refusal once entered into the agreement.

*"No numbers have been provided for how many entries were paid for in Dash" You are correct, as Dash or any other crypto purchase into FanDuel was not an option before my team approached and facilitated this agreement.

Regards,

Scott
@DashRacer
Reply
0 points,1 day ago
Dear Fanduel share holders and Managers,
Its a no vote at this stage.
This no vote can became a yes vote.
From your 1st proposal, we dont have any data about adoption. At this stage we give you free money for 0 return. I know than its certainly give to all potential investisor in Dash a bad image of our DAO to value Dash tresury investissement.
If you are for a win/win contract, comme back with a win/win contract. With real controlable objectif of adoption for Dash.
And please, work with our only one trust escrow service than the DAO controle. Core one.
In this way, im ready to support a proposal "from you".
Win/win alwals beter for long term partenariat.
Regards,
Reply
2 points,1 day ago
Hey JoL,

Thank you for the feedback and we are more than happy to explain the massive amount of exposure/adoption Dash received from the first FanDuel contest. As promised FanDuel sent out a beautiful custom Dash branded contest announcement to its 6.5 Million registered customers. This email alone received 115,000+ clicks showing a large amount of interest. There were over 90,000 people in fierce competition to get their hands on some Dash Digital Cash of their own. There are links to Dash.org and the Dash mobile wallets on our custom Dash landing page. FanDuel was driving the customer to our landing page for 15 days with an average of 4.5 million visits to FanDuel.com per day. The page is even still available at FanDuel.com/crypto-cup for anyone who has not yet seen it. I do believe this shows the quality of exposure and value this proposal brings to the ecosystem. At the conclusion of the contest, my team personally helped the 11 winners download a Dash wallet and then transferred their winning from the first contest. We provided multiple links showing how and where they can spend/utilize their Dash as well as keep up will all dash current events on dashforcenews.com and zero links showing them how to sell or off-load their Dash. Please keep in mind that we can modify these contest structure as we move forward based community consensus. For example, the contest prize could be 0.05 Dash available to the top 500 winners of the contest if wallet downloads are what we want to achieve from this contest or we can have 25 winners get 1 full Dash each creating fewer wallets but a more solid and impactful positive memory? We will be looking to our community members to weigh in on these types of questions so we can move forward and grow the value of this symbiotic relationship together.

We highly value the DAO and would never want to affect it in any negative way. We LOVE that we can all get on here and discuss these matters in a professional manner to help each other see the value of potential partnerships entering our ecosystem.

After reviewing the information above, have we provided enough proof of value for you join us in making Dash the official cryptocurrency of FanDuel?

As always thank you for your insight and comments.

Regards,
Scott
@DashRacer

*Regarding the "only one trust escrow". Our team was invited and encouraged to become an escrow by MN's. Dash core themselves have stated that "they can not do it all". A few months back, core had expressed that multiple trusted escrows were expected within the DAO.

I'm sure that we can agree that your term "one" is not conducive to a decentralized system?
Reply
0 points,2 days ago
As I said in your pre-proposal: "I think the important thing to realize with projects like this is that the value is not always in upfront ROI--though to be clear, the potential for that is also there--but rather in the potential for a long-term partnership and first-mover/exclusivity benefit in a virtually untapped but huge industry. Like someone was saying in Discord, this industry is multiple times the size of the entire legal cannabis industry, so getting in on the ground floor of cryptocurrency entry in to this market--especially with the recent announcements of loosening regulations--is a huge opportunity for Dash, both immediately and long-term. It's a lot to ask upfront, but the long-term payoffs could be immense.

I share some of the concerns about limited initial functionality, but I think--whether implemented directly or through other partners and future Dash technology (e.g. the Dash Evolution account as login credential and integrated payment module)--that's not a significant long-term hurdle."

Keep this in mind, MNOs.
Reply
-4 points,2 days ago
I think this is a great initiative, and one that I support. I am curious however about what will happen when (hopefully) the price of dash goes to $1,000. I would love to see any gained be given back to the community, preferably to DashBoost. Is this something that would be able to be agreed on?
Reply
1 point,1 day ago
We also worry about what would happen if dash went to $200, not just $1000. You've asked me about taking MN allocated funds for your projects before. We will only utilize the funds for what the proposal states. DEMO does not have the latitude to "issue" any funds to non MN directed projects (through a vote). If DEMO was unable to execute our proposal, we would contact Dash core to take control of the funds.
Reply
-3 points,1 day ago
I would just like to state that DashBoost is not a personal project for profit, and was approved by the network to facilitate the redistribution of leftover funds(from appreciation or scope changes) for Green Candle escrow and other leftover funds. Any funds given to DashBoost are audit-able and transparently given out to proposals approved by a vote of Dash holders where one dash held is equal to one vote (I would suggest reading up on DashBoost if you wish, ( https://www.dashcentral.org/p/gc-dash-boost ) ). We believe that DashBoost is a strong alternative to Dash Core Group in regards to where to give excess funds, however the primary purpose of my initial comment was to verify that in the case of appreciation, any additional funds will not be pocketed but will instead be returned to the network in a satisfactory way. Can you confirm that if Dash appreciates that you will give it back in a satisfactory manner? (In my mind)By stating you would return excess you would be able to come back asking for more in the case of depreciation.
Reply
4 points,4 days ago
Farnsworth, keep hitting these big deals. You're our DAO-funded biz dev PRO.

This is an obvious YES. Fanduel is the big leagues and the userbase shares obvious characteristics of crypto users. Online betting sites have been oppressed by the US govt for decades. Dash is the solution. Great entry and looking forward to seeing how the deal progresses over time.

-stu
Reply
3 points,4 days ago
Thank you very much for the compliment!
Reply
4 points,5 days ago
my thoughts:
- cryptocurrencies will become important for all internet services and so for Fanduel; they'll have to adopt it anyways
- this proposals will allow users to fund Fanduel with DASH; but they will not be able to retrieve their funds in DASH
- Fanduel will continue to use their internal credit system

it will be nice to see a service like Fanduel accepting DASH. But that's it. I don't believe that the typical Fanduel user starts to buy DASH just to use Fanduel; and he does not need to because he can continue to use dollars. Otherwise users who have DASH will not start to bet on Fanduel just because they own DASH. These user groups are mutually exclusive.

This proposal would be big if Fanduel would provide an option to payout in DASH, but it does not.

The requested budget is a total of 2000 DASH (~ 1 Mio USD). That is a lot of cash for a payment option in Fanduel that most likely will not be used. Maybe we should start to think more generally about how to invest big funds at which stage of DASH development.
Reply
3 points,5 days ago
Yes, you are correct. FanDuel will adopt crypto. FanDuel was approached by other cryptos. Our team worked with FanDuel to ensure that crypto is Dash. We also ensured an exclusivity relationship so that Dash's investment would not turn into another coin's gain as we have seen some often in the recent past. Dash pays for crypto development and every other coin getting a free ride while Dash does the leg-work and financial contribution.

This is not only accepting Dash. This project is Adoption, utilization of Dash, marketing in the mainstream, including 100+ million impressions, adoption engagement, Depositing dash to play, Dash to win, advertising, adoption metrics, direct dash information emailed to 6+million registered user, etc.

We ask for the same step-by-step development which makes Dash strong. We can not provide "all-at-once" when dealing with the customer experience and security of players funds.

From forum response:

Your and my goal are one in the same. However, like a roadmap to Dash Evolution, we must rely on intermittent "gateways" to achieving our goal. To achieve the level that we both want, we need to follow a detailed plan where we add a new feature, then test and ensure security, customer interaction, functionality before trying to do everything all at once without the proper support.

The current Dash deposit for FanDuel is not the end of integration. DEMO Inc. and FanDuel need to ensure a positive customer experience and positive Brand protection for both.

I hope you'll support us in taking a step-by-step approach when integrating with one of the Fastest growing companies in the US. Fischer, Ben. "FanDuel quadruples revenue, draws 1 million users in football season". Biz Journals.

Within this space, FanDuel has proven to be a leader. From the Dash mass adoption conversation, the network effect of this deal will assist my team and others to penetrate other markets.

Business development requires steps.

Regards,

Scott
@DashRacer
Reply
4 points,5 days ago
Good news for FanDuel!
https://www.cnbc.com/2018/05/14/us-supreme-court-rules-for-new-jersey-in-states-fight-to-legalize-sports-betting.html

Becoming the exclusive crypto for a company that is a major player in an up and coming market like this will be MASSIVE. This legal victory could easily multiply the effect on Dash several times over.

Imperative that this proposal get approved, IMO.
Reply
4 points,6 days ago
Questions:
1. So let me get this straight, with this proposal, winners will win some Dash, and they can only cash out to Dash ? There will be not some way to convert you winnings back to btc or other currency on Fandual ? or something of the sort ?
2. Will there be some link and or explanation how to use a Dash wallet
Reply
4 points,6 days ago
Thank you for the questions and allowing us to make sure these points are clear.

1. Players will be able to deposit Dash. Dash has an exclusive agreement with FanDuel. Other cryptos engaged FanDuel following our last project the "The Crypto Cup, presented by Dash-Digital Cash". Our team presented the benefits and unique structure of Dash to FanDuel. We illustrated multiple examples of why aligning their organization with Dash would be beneficial and lead to a long-term relationship. FanDuel agreed. Dash will be the only option for crypto payment and crypto on Fanduel. Our team would not move forward until the exclusivity was secured for Dash. (Dash exclusivity is in our current agreement).

Once Dash is deposited into FanDuel, it will be converted into FanDuel credit. (this follows their current method of payment deposit) Following that, you would be able to withdraw based on FanDuels existing policies into your fiat. (DEMO will be working closely with FanDuel and expanding further Dash options as the project continues)

2. We provided full interaction with the contest in our last FanDuel project and we will be continuing throughout this project. We send an email and then have one of our team contact the winners to guide the winners into the community and how to utilize their new Dash on discoverdash.com

DEMO Inc. and FanDuel believe the customer/player interaction and experience is a priority. Explanation and guidance ensure the FanDuel player's experience is maximized benefitting both parties.

Increased workload based on the number of the contest will be mitigated through a produced wallet install and setup video targeted to the FanDuel/Dash contests and Dash Deposit into FanDuel. This link/links will be available in all areas of FanDuel contest and communication.

Regards,
Scott
@DashRacer
Reply
-1 point,4 days ago
Since the payout is in fiat, it means that Fanduel will dump all the Dash received on the exchanges and put continuous downward pressure on price, whichever way you slice it. How is this adoption?

Instead of getting users invested into dash, this is going to get dash investors cashed out to fiat.
Reply
0 points,4 days ago
+++Please read the proposal before making incorrect assertions such as this. (unless it is your intention to mislead?)

FanDuel will accept Dash for DEPOSIT to enter the contests. The contest prize will be PAID in DASH. In addition, 6.5 million registered users will interact with Dash's logo or content presented during monthly campaigns and contest. The remaining millions will visit the site and they will be given a chance to register and play for free winning smaller Dash prize purse or utilize Dash OR Fiat to enter the higher value DASH prize contest.
Reply
2 points,4 days ago
Can a user withdraw his money in Dash?
Reply
0 points,5 days ago
After receiving the 120 DASH from the treasury on 3/3/18 your site doesn't allow DASH for deposit, trading/betting, or withdrawal, correct?
In fact I can't find any mention of DASH or Btcoin on your site, strange after such a large investment from the treasury.

I can see why you'd shoot a little higher this time going for 668 DASH (multiplied by 3) for a staggering total of over 2000 DASH according to dashcentral here and dashwatch.org

Background on your Original gift from the treasury paid 3/3/18
---------------------------------------------------
FanDuel DROPS Bitcoin for DASH / 75+ Million Monthly Users
Contacts DEMOincubator_Escrow DashAerosports (What are the relationship of all the names in your proposals?)
Total combined payout in USD $72,000.00
Total Combined Payout in DASH 120
Last Communication (community) proposal 02/21/18
Last Communication (Dash-Watch) proposer 03/28/18
Escrow? No
Estimated completion date 03/17/18
Status In Progress (When will you finish this?)
Last Modified 04/17/18
Location West Palm Beach, FL, USA (again, what are your referenced names relationships/locations/etc.?)

MORE INFO ABOUT YOUR SITE/SERVICE (DIRECTLY QUOTED):
-----------------------------------
How do I withdraw money?
Updated 03/01/2018 01:42 PM
You can withdraw your money at any time through Paypal, or you can request a check. We’ll just need to verify your identity before you withdraw.
Here’s what you need to withdraw:
• A valid mailing address
• Your birthday
• Your social security number (or social insurance number for Canadian users)
Not only does this let us make sure you’re really you, we’ll need this info to file the right tax forms at the end of the year.
When will I get my money?
• If you withdraw via PayPal, it takes 48 hours to process.
• If you withdraw via check, it should arrive within 7 to 10 days.
You can go ahead and withdraw now from our withdrawals page. Just enter your information along with the amount you want to withdraw.
Things you should know before you withdraw
• We conduct anti-fraud checks on playing patterns and deposits prior to processing a withdrawal.
• You can’t withdraw “pending bonus” (or other promotional credit you haven’t yet earned) as cash.
• FanDuel reserves the right to refuse your withdrawal and/or close your account in the event of fraud or other violations
of our Terms of Use.
Remember: FanDuel user accounts are intended solely for game play, so you should make deposits with one purpose in mind - to use these funds to enter into paid contests on the site. So in order to protect our depositors and our company, we may prevent withdrawals for deposited funds that have not been used for play on FanDuel consistent with our anti-fraud checks. But winnings can be withdrawn at any time!
Don't want to enter any contests on FanDuel? You can reach out to our support team to request a refund directly back to your source of payment. Please keep in mind that we do not typically provide partial refunds. So your FanDuel account balance must reflect the full amount of the deposit for the refund to process. Partial refund requests are subject to case by case review, and therefore will take longer than other withdrawal requests.
Is this answer helpful?

YES, very helpful as I'm not sure how MNO's would reasonably endorse this type of company...
LINKS PLEASE?
Reply
-2 points,5 days ago
I find it really hard to understand why MNO's would vote to spend such a staggering amount on a site that doesn't support DASH in any way and has no roadmap to such but your word is you'll let people deposit DASH for this one contest which will immediately be sold off on an exchange and depositers are forced to take your fan credits which they have to first bet before withdrawing fiat by paypal or check.
Am I missing something? This is simply a stupid marketing move by MNO's imho...
Reply
-1 point,5 days ago
Maybe if the treasury stopped dumping DASH on people that just cash it out the price wouldn't be so sorry these last few months.
Reply
1 point,6 days ago
voting YES. The exposure looks good..but the main thing is getting people to start up Dash wallets and use Dash. I see there is an element of Dash payment within this proposal.
The branding should be the full 'Dash - Digital Cash' first and foremost. Who knows what 'Dash' is? (we are not a household name)
Obviously, the T&C logo is to be used as already addressed here.
Reply
4 points,6 days ago
All examples presented were generated before the new branding became effective. Moving forward, DEMO Inc. and FanDuel will follow the T&C logo, branding guidelines.
Reply
3 points,6 days ago
Scott has shared the budget with Green Candle and I am able to varify that the majority of the funds requested in this proposal are allocated to FanDuel (as Scott has explained and DashWatch has confirmed).

As the escrow provider for Scott's previous proposal, Dash Aerosports, I can attest to his professionalism, leadership capabilities and business acumen. He is realistic with his goals and is disciplined in his approach to see them through.

I have every reason to believe that Scott will deliver again and I pledge to offer as much support from Green Candle as he and his team require.
Reply
-3 points,5 days ago
"I can attest to his professionalism, leadership capabilities and business acumen."
Aside from the 5 Dash spent on this proposal, where did the 120 DASH you received on the last fanduel proposal go? Any links to independent audits would be great...
How much DASH was deposited and then forced into fiat by participants of the last contest?
Reply
4 points,6 days ago
I have personally had the pleasure of working with and learning from Scott. We first met in person at the Dash London conference in September of last year. Since then I have had the honor of working with and escrowing for Scott and his team. He also traveled to LA to take part in the historic events that transpired at Bellator 192 with the Dash sponsorship of Rory MacDonald.

I can say from the heart that working with Scott is a very enjoyable experience. The reason I say this is because he is constantly taking the time to think about all sides of a deal that he is involved in. Scott has made his living prior to Dash in an industry that was heavily sponsorship based and it's quite apparent after working with him why he was so successful. He always protects his sponsors and respects their wishes.

Scott and I have been in touch multiple times during the evolution of this deal with FanDuel. He originally reached out after realizing that FanDuel was uncomfortable with sharing publicly the entire breakdown of their deal in fear that it would erode future deals for them. Scott was looking for trusted community members that he could share expenses with so that the question of value to the community could be answered without exposing the inner workings of FanDuel's business model.
Reply
1 point,5 days ago
Marketing is nice if you have a product to sell. In this case, your client simply cashes out our product causing the trading price to suffer. Why don't we look for DASH positive businesses to support rather than non-DASH ones?
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7 points,7 days ago
DEMO has engaged with Dash Watch so that we could provide reassurance to the community that the majority of the funds from this proposal would be allocated to FanDuel and their contests. We can confirm that we have received proof that this will indeed be the case.

Both DEMO and FanDuel would like us to keep confidential the exact mechanics of their arrangement as well as the precise costs in order to not compromise any potential future deals they may make with other partners. However, DEMO has provided us with proof of the entire written agreement between them and FanDuel and the exact budget breakdown.

We can confirm publicly that DEMO's expenses compose a minority of the cost of the proposal, and that within DEMO's compensation is 5 months of retroactive pay for previous FanDuel-related work along with 6 months of future pay in which they will guide and assist FanDuel in carrying out Dash promotions as well as manage the customer service for and pay out of all the Dash contests of which there will be at least one per month.

Please feel free to contact us on Discord or the forum as DashWatchTeam or paragon or via email at team@dashwatch.org with any further questions regarding this proposal
Reply
0 points,5 days ago
"We can confirm publicly that DEMO's expenses compose a minority of the cost of the proposal, and that within DEMO's compensation is 5 months of retroactive pay for previous FanDuel-related work..."

That's good to hear that the treasury would not be paying more than 1000 DASH for administration of this program, whew, a relief to hear!
Spending the 120 DASH previously given must have been tough work, of course they should be retroactively compensated for that and of course if they manage to extract this huge bounty from our treasury they indeed need a huge paycheck for that success.
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-1 point,5 days ago
Too expensive of a subsidy for this business.
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-2 points,5 days ago
$300K/month...
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2 points,5 days ago
Please review the proposal. You will clearly see that this proposal is not that amount per month.
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-1 point,5 days ago
I understand it's more accurately "668 DASH (287253 USD)" per month which will hopefully be far more than $300K monthly spent in a few months...
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2 points,5 days ago
That is incorrect. The length of the contract with FanDuel is 6 months — so it is about $150k a month.

In the future, I recommending reading the proposal before spamming the comment section.
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-2 points,5 days ago
Thanks for the correction, the 668 DASH/mo would only be paid *by the treasury* over 3 months, but that gets a whopping 6 months of contract expenses to you all.

This proposal is insane regardless how many MNO's favor dumping *more* treasury funds into these people it has no sustainable benefit on the DASH ecosystem.

Incorporating into one of the existing crypto sports betting sites I referenced in other comments would be a far better ROI IMHO.
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2 points,5 days ago
*Please review the proposal.* You will clearly see that the monthly Dash and Fiat values you are stating are completely inaccurate.
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2 points,7 days ago
*** Update: We have provided Contract and a Cost breakdown details for both 6 and 12 months of this Partnership to Greencandle, DashWatch and MN's. Following their review, we welcome their input.
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-3 points,5 days ago
who is MN's?
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1 point,8 days ago
Can you please share an exact breakdown of the costs involved and how much will be paid to Fanduel and how much will be kept by you? This was also asked on the forums.

From the numbers it looks like only a fraction of the amount being requested is reaching Fan Duel and even smaller fraction reaches the end user.
Reply
1 point,7 days ago
This question was asked in the forum. We did answer this question in the forum with detail.

We have sent a FanDuel cost breakdown to Greencandle. We have also contacted DashWatch to review the information as well.

MNs can contact us on Discord and we will provide this data as well.

We've provided 3 avenues of budget verification. However, we will not post in a public forum about our business partner's financial structure.

The cost and budget clearly indicate that DEMO Inc. only receives a fraction of the total ask. It also shows that the fiat obligations will be constant for FanDuel and DEMO absorbs any market downturn. (Example) At the time of this post, our team is currently experiencing a substantially lower total payout, while FanDuel will receive the same fiat amount. This is because the value of dash is below the 30DMA of $423, however, DEMO is still obligated for fiat values.
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4 points,9 days ago
Is this the full amount for 6 months of the contract with FanDuel? Do you have a budget breakdown?
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4 points,7 days ago
Yes, this is the first 6 months and is front-loaded. We have disclosed a budget breakdown which indicates a substantially lower budget request in the next proposal which is expected 6 months from now.
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4 points,10 days ago
Can users pay in Dash?
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6 points,10 days ago
Yes. We focused on bringing this solution based on the direction requested by the MNs. You can deposit Dash and your account will reflect the value of FanDuel credit at the time of the deposit transaction. Dash will retain the exclusive crypto deposit option throughout the duration of our relationship.
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4 points,10 days ago
Glad to do business again with FanDuel! A really good fit for Dash. Thanks for facilitating this Scott
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-3 points,5 days ago
"A really good fit for Dash."
Why?
There's plenty of other crypto positing betting sites, please explain why this HUGE expense is a really good fit for the DASH treasury to put more money into?
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0 points,2 days ago
Are there any crypto betting sites with anywhere near as much mainstream market penetration as FanDuel?
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4 points,10 days ago
Less than a penny per view, and one of the biggest sports betting sites online. Easy yes!
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5 points,10 days ago
Astounding, exciting integration for Dash. Fanduel is an A+ name and offers an incredible entry into this market.

Terrific work Scott.
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5 points,10 days ago
Thank you for sharing your enthusiasm for this project. Our team is excited to execute and cultivate a long-term, mutually beneficial relationship with our FanDuel partners.
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0 points,10 days ago
I would like to see the new T&C branding used.
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6 points,10 days ago
All branding moving forward will align with the T&C branding. Examples posted above are from the previous proposal which took place before the rebranding vote.
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1 point,10 days ago
And in the same Time Fanduel must accept others country. A friend invite me but i cant play because they don't accept my county. so if Dash can be their official Cryptocurrency they must open to others country. and review their policies.
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0 points,10 days ago
I can not speak for FanDuel, however, it is my opinion that they would like to venture into other countries too. However, this industry is heavily regulated and FanDuel must comply fully with local laws or restrictions placed by the governing body in your region.

Best,

Scott
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2 points,10 days ago
I haven't noticed anything off with this deal so I will go ahead and vote "Yes". Seems to be a very beneficial collaboration.
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-3 points,5 days ago
Ummm, what "deal" are you referring to?
This is a DASH sink, any DASH sent in goes one directionally to the owner/proposers and the exchanges for cashout, including user deposits strangely enough.
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1 point,10 days ago
I like the ideal but is this sustainable? Companies like FanDuel and Draft Kings have increased scrutiny and I believe a decentralized model will replace them. I like the idea but would have to see the longtime ROI on the proposal.
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-1 point,5 days ago
Also https://sportsbet.io/ and https://www.betcoin.ag/sports/live are more free for cryptoenthusiasts to use.

This whole proposal is like trying to integrate into the legacy banking system rather than replacing it.
Wouldn't endorsing a site that already supports crypto (for withdrawals also) better synchronize with our ideals?
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-3 points,5 days ago
https://www.cloudbet.com/en/ uses BTC and BCH, I'm sure they'd incorporate DASH permanently for a minimal fee...
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3 points,10 days ago
These are great insights. I'd have to say this is the beginning for FanDuel working with Dash.
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-3 points,5 days ago
"this"
Why wasn't the first 120 DASH the treasury granted you enough to have you begin working with DASH?
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0 points,5 days ago
which proposal was that again?
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0 points,5 days ago
I believe the reference is to the FanDuel "Digital Cup, Presented by Dash-Digital Cash"

Our team funded and operated the contest which we were able to baseline our expectations for a longer project from.

The images and unique contest entries data was gained from our original project are presented within this proposal. These numbers are not "expected", the numbers are actual data from our previous contest which only spanned 1 week.

*do to the timing, @DashRacer funded the entire previous project upfront. We presented a proposal explaining that we needed to move forward before the close of that budget cycle. We asked, but did not know if we would get our funds replaced. Thankfully, the dash Masternodes saw value in our actions and we were reimbursed during the next funding cycle.
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0 points,5 days ago
I think it was this:
https://www.dashcentral.org/p/FanDuel_Drops_Bitcoin_for_Dash_1

Proposal description: "Deleted and full content available to any MN/CORE team upon request."

On the Fanduel site this can be found: https://www.fanduel.com/crypto-cup

It would be nice to get complete information on what has been achieved with the 125 DASH payment
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0 points,5 days ago
Within our current proposal, we report the accomplishments and data achieved from the 120 Dash project.
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