Proposal “FanDuel_and_Dash_partnership_Continued“ (Active)Back

Title:**Please vote down Proposal**
Owner:DEMOincubator_Escrow
Monthly amount: 326 DASH (22471 USD)
Completed payments: no payments occurred yet (2 month remaining)
Payment start/end: 2018-12-17 / 2019-02-14 (added on 2018-12-23)
Final voting deadline: in passed
Votes: 437 Yes / 201 No / 57 Abstain
Will be funded: No. This proposal needs additional 248 Yes votes to become funded.
Manually vote on this proposal (DashCore - Tools - Debugconsole):
gobject vote-many 16ac72953a3a4a1bec7c3f745e43d8bb3cf99fffb9fd254521acc1a0c32dcaa8 funding yes

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Proposal description

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Discussion: Should we fund this proposal?

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2 points,16 days ago
Figure out how to tread water for a bit and submit right away. I don't think this is over yet. solarguy
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1 point,15 days ago
We need the vote count to go positive before requesting a time extension. It would be legal suicide to request without an indication of future funding.

Thanks for your support Solarguy.
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1 point,17 days ago
This had me down to the wire figuring out how to vote. i ended up voting yes and concluded i should have figured out it was a yes vote much faster than I did. I think the late submission is going to be the reason it doesn't pass. I hope you can figure out how to maintain the relationship with fanduel and get funded next month.
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0 points,17 days ago
Yeah I basically did the same thing as you, voted yes in the end as well. Putting this out to a vote 5 days before the end of voting didn't do the proposal much favors.
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4 points,19 days ago
Nobody likes this situation. This was caused by the steep drop in Dash value and the mechanics and timing of the original payouts. I think it will set a very bad precedent if Dash can't follow through on it's commitments to FanDuel. Also, I would like to remind the community of the statement Ryan Taylor made with regard to the 5 big areas of emphasis that Dash Core wants to hit this coming year.

This is a quote from the article, and it links to the video if you want to see Ryan say it himself. "Core reiterated its focus on five key areas for optimal growth: Venezuela, cannabis, US-Mexico remittances, online gaming, and crypto traders." Online gaming IS FanDuel. They're either number one, or tied for number one. Don't let this die. Yes, it sucks to be in this position. Do it anyway. I am voting yes. Why vote overwhelming support for Ryan and the Core Team if you aren't going to support his agenda?

https://dashnews.org/my-big-takeaways-from-dash-core-team-q3-2018-conference-call/

Scott's team is making it work, despite the huge drop in value. They are volunteering their time at no cost. Who could ask for more commitment?

Solarguy
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2 points,19 days ago
Solarguy,

Thank you for the support and taking the time to present the "big picture" of this relationship. This is a critical project for the future of dash. The Demo team is committed to its success, we just need the support of the network.

Thank you,
Scott @DashRacer
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0 points,19 days ago
voting YES.
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-5 points,18 days ago
Dash should fulfill its commitments, but the possibility of this situation should have been accounted for from the beginning. I am also doubtful that the original commitment was a wise commitment to make. Nevertheless, voting yes.
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1 point,20 days ago
There has been a ton of work over time put into this proposal; from what I can see. voting YES with a hope it passes.
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3 points,20 days ago
After reading the Dash Watch report i decided to vote yes , but i got to say presenting this budget proposal this late will make it much harder to gather enough votes. Good luck.
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0 points,20 days ago
Thanks for voting. We hoped to post the proposal sooner, but we had to wait till we had a solid plan agreed between both parties.
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3 points,20 days ago
Dash Watch December 25th 2018 Report on
Dash, The Official and Exclusive Cryptocurrency of FanDuel by DEMOincubator_Escrow
http://bit.ly/DWFanDuelDEC18
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5 points,21 days ago
Is this proposal to make up for the shortfall in the Dash price from part 1 of the fanduel proposal or to start part 2 of the fanduel proposal? Or both?

I’m confused by the comments saying we need to honor our “existing agreements”. My understanding was that part 1 was for 6 months and then part 2 was optional if we wanted to extend the agreement for an additional 6 months with a special pre-negotiated price locked in...

“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.”
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0 points,21 days ago
MM, This is only pertaining to the first 6 months. This proposal is a fiat true-up based on the Dash price fall before Demo took control of the funds.
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3 points,19 days ago
Ok thanks for the clarification. I was confused by some of the language in the proposal as it repeatedly use the word “continue” and I was under the impression that part 1 has ended or is just about to.

“FanDuel and Dash Partnership Continued”

“Demo Inc. has negotiated with FanDuel a revised payments schedule in order to continue execution on this partnership.”

I agree we need to honor our existing agreements however after reading the new Dash Watch report I see they have a major breach of contract themselves.

“the ability to deposit Dash directly onto the FanDuel platform is currently not available to users. This feature was promised for August 2018 but is still in progress.”

“The team has indicated that Dash deposits are now ready to roll out, but require this newest proposal to provide sufficient funding to continue the FanDuel partnership.”

Looks like Dash deposits will not make it into part 1 as promised and that they now expect us to fund them another 6 more months before meeting their past obligation to implement Dash deposits.

I would ask them to call it even regarding the shortfall as they did not meet their contractual obligations and I don’t think the network will fund another 6 months as we simply don’t have the money in this current bear market.
Part 1 was for 2004 Dash @$423 per Dash which is over $840,000. How much do you estimate you will be asking for part 2?
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-2 points,18 days ago
MM,
It was never $423 per dash when the funds were released from the superblock. That is why we are requesting these funds.

Dash has always been behind and FanDuel has been very accommodating. I'm not sure where DashWatch got the August "promise"? Demo promised by the "end" of the first contract. We are only halfway through the first contract and we have the Dash deposit ready ahead of our promised date. Given the 1/5 price of Dash funded... we are very proud of this accomplishment.
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3 points,15 days ago
Hi Scott, in the video interview you did with us back in June posted here https://youtu.be/5aTYv2ZBkbI?t=533, you said: "we're scheduled for an online deposit of Dash into those contests August 1st when the contract kicks off for the first six month period."
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-1 point,15 days ago
I'll have to look at the interview. In the proposal text, we indicate deposit by the end of the first term. Given the funding and extreme market conditions, I'm very happy with the successful delivery of this goal.
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5 points,22 days ago
If we want Dash to be taken seriously, we need to do our best to maintain existing agreements, and not yank the rug out (if at all possible.) Voting yes. Nobody enjoys this situation, but it's the right thing to do.
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3 points,22 days ago
I agree..., @Scott, what would happen if this was approved, but next month and then the month after?
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2 points,22 days ago
QE, I'm not sure what are you asking? Just asking for clarification so that I respond within the proper detail you are asking.

Scott
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3 points,22 days ago
Sorry (I also don't understand why I wrote my sentence like that), I meant: if it does not pass in this cycle, but does go on to pass next month, and then maybe in an additional proposal the month after that, would that be okay?
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2 points,21 days ago
QE, We've waited as long as we could for the minimum space on the treasury cycle to accommodate our proposal. FanDuel has overly accommodated us with a new payment timeline to continue this successful partnership.

However, businesses do not provide services without payment. Demo Inc. does not control that aspect of the relationship. FanDuel would be well within their right to terminate the contract with penalties.

The project is hugely successful and has over-delivered in all aspects. FanDuel has done their part. Dash's falling price before DEMO Inc. took control of funds is the only "fail-point" for this partnership. That is completely on the Dash side of the relationship.

MN's will decide if the partnership and online-betting developments are important. We agree with other teams that FanDuel is a major player within one of the four pillars of Dash's future success.

We are currently beyond original contract dates. Our project is true Dash Business Development in one of our targeted markets. Business requires contracts and legal requirements. DEMO Inc. and Dash MN's must treat this project accordingly.

To be clear: Our team needs this proposal. Our team has always over-delivered and been a success for Dash. We have released staff and no longer seek DEMO Inc. compensation. We simply want to see this partnership successful and establish our Dash network entry into the broader online-sports market.

The Dash and FanDuel exclusive relationship need this proposal to pass.

Regards,
Scott
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0 points,21 days ago
I should add: If this proposal is voted into passing, but does not receive funds based on Treasury funding limits... then the MN's have provided direction for our team to pursue.
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2 points,22 days ago
Currently, our proposal is not showing on https://dashnexus.org

We thought DashNexus might need to refresh over time, but 24 hours later we are still not listed?

Does anyone know how to remedy this? Some MN's only scanning the Nexus list will not know about the current FanDuel proposal.

Thank you,
Scott
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3 points,23 days ago
As hefty an ask and as late in the cycle as this comes, as a network we need to make certain that we're honoring our commitments and doing business on the level if we ever want to make headway in difficult or untapped markets. No other project has these kinds of opportunities. It would be a shame to squander them.
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-1 point,22 days ago
Not the right market, not the right time.

FanDuel exists with or without Dash. They have the customer base they have with or without Dash. Adding Dash enables no new product offerings. They operate in a stable currency already, so Dash is merely novelty.

Will reserve my "yes" votes for proposals which enable revolutionary moves in needy markets, i.e. remittances, hyperinflation, gray-market businesses, etc.
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6 points,23 days ago
Making a proposal 5 days from the end, with pretty much all the budget already accounted for is a direct no vote from me, almost regardless what the proposal is.

However, didn't we already pay to be on Fan Duel? "Moving forward, You WILL be able to pay for services on the FanDuel platform utilizing Dash!" -> What was the original proposal for then?
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0 points,23 days ago
Quantum,

Please take the to time to review our proposal. I believe you'll see the answers and explanation pertaining to the ongoing circumstances. I know that our proposal and your's are competing for the same budget. We wish you success, but the FanDuel project is on life-support during the current market conditions.

Time of Post:

We had to confirm with FanDuel that they would accept our requested and revised payment obligation schedule. Their confirmation of acceptance was within the last 24 hours. We could not approach the network for funds until we knew our team was not going to have to become insolvent before payments could be funded.

Hopefully, you can respect that I am working on behalf of Dash in a market torn by the falling prices. Our team is simply trying to deliver a successful partnership for Dash and meet obligations to FanDuel. Demo Inc. participants are volunteer and uncompensated, applying all funds to fulfill contractual funding.

The timing of the proposal was nothing more than normal business requirements and on-going discussion which needed to be approved within the FanDuel organization. Demo Inc. did not set the posting timeline, we are the representative for Dash.

Regards,

Scott @DashRacer
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4 points,23 days ago
Hey Scott,

"I know that our proposal and your's are competing for the same budget", Nope, my proposal didn't pass last month. I was on a last ditch effort to find individual investors, which is why I didn't go to ask that it be voted down, but I was only going to pursue that avenue if the Dash price was over 100$ by Christmas. In 2 days I was most likely going to ask people to downvote my proposal as I don't see another way forward. I also don't downvote or go against another proposal just because I have a proposal out, we're all in this together.

I hope that you now believe I didn't make my remarks because of any competing nature. I truly think that such a big ask 5 days from the end of the cycle is just not the way to go, unless there is ample budget or the proposal is so vital for the network.

I want to apologize, when I first looked at your proposal I didn't understand that it was just a follow up for a pegged to USD type contract. I really respect all you do for Dash, these are indeed trying times. I'll most likely vote yes for next month, but for this month I just can't seeing how tight we are, and also because I really care about a lot of other projects that are struggling right now. Really hope we can get to a price where we have some more breathing room.

Regards, -QE
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0 points,23 days ago
QE,

You are always a great example to the community. Thank you for your words.

No need to apologize, I knew it was simply a missed detail I wanted to bring to your attention.

Agreed, we are all in this together. Tough times make for stronger futures :)

Thanks again,

Scott
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2 points,23 days ago
You have my vote for sure
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2 points,23 days ago
Thank you. Your support is greatly appreciated.

Our current situation and responsibilities executing this contract on behalf of Dash have become more than challenging.

Best,

Scott
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0 points,23 days ago
@scott im sure you could have submitted this proposal earlier than 5 days before voting deadline.

The budget is also pretty tight this voting cycle.
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-1 point,23 days ago
Realmrhack,

The explanation is posted above regarding timing.

We did break this into 2 cycles because of the tight budget.

Regards,
Scott
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