Proposal “Frame-48-Devaluation-Funding“ (Closed)Back
Title: | Frame 48 – Starting from Scratch – Additional Funding |
Owner: | Frame48 |
One-time payment: | 147 DASH (4373 USD) |
Completed payments: | 1 totaling in 147 DASH (0 month remaining) |
Payment start/end: | 2018-05-19 / 2018-06-18 (added on 2018-05-26) |
Votes: | 564 Yes / 75 No / 35 Abstain |
Proposal description
Hey Everyone,
First off, we would like to thank the entire community for supporting the first portion of our documentary series around Dash adoption in developing nations, Starting from Scratch. We recently got back from our 9 day shoot in Zimbabwe, where we spent time with people from all walks of life, from rural farmers, to street vendors, to the Mayor of Harare. We captured some truly amazing footage that has never been captured there because of the strict regulations on media. We want to share a taste with you below as we continue on the edit:
Teaser (No Vimeo embed support...):
https://vimeo.com/270010626/3e08be0d84
The struggle in Zim is deep, primarily centered on the lack of a true financial system where people can exchange money and goods without friction. We think Dash and the work that Kuvacash is doing could be the solution.
We are seeking funding to cover the devaluation of Dash since our proposal was approved back in February. Our initial budget was $167k USD when Dash was valued at $732 USD weighted monthly average.
After the market crashed, we held in hopes that it would recover back to that value, but had to sell at $450 USD to recuperate the production costs that we had paid for, leaving a gap of roughly $77k USD. We trimmed costs in production with our amazing fixer (Rodney Knight of Film Fixers Africa) and were able to save a significant amount, so we are asking for $50k USD to cover our post production costs, finishing costs, and advertising costs.
We are escrowing with fiat guarantee through the DASH core team to make sure this gets done right.
This documentary will be released directly to the public for free. No festivals. No distribution platforms. No ad revenue.
Our targeted release date is June 15th, roughly one month before the Zimbabwean presidential elections.
Some interviews you have to look forward to:
And many more, including Kombi drivers, Cash exchangers that sell USD for a profit, and merchants that need to buy USD to pay for their international goods.
We also want to figure out how to credit the DAO in the title and credit sequences. Typically it would look like “Frame 48… in association with X” and then at the end we would say, “This documentary was funded entirely by X”
Looking forward to your thoughts and feedback!
Cheers and Thanks,
Seth Josephson
Creative Producer, Frame 48
Link to Pre-Proposal: https://bit.ly/2IJaFP1
Original Proposal: https://www.dashcentral.org/p/DOCUSERIES-KUVACASH-FULL
First off, we would like to thank the entire community for supporting the first portion of our documentary series around Dash adoption in developing nations, Starting from Scratch. We recently got back from our 9 day shoot in Zimbabwe, where we spent time with people from all walks of life, from rural farmers, to street vendors, to the Mayor of Harare. We captured some truly amazing footage that has never been captured there because of the strict regulations on media. We want to share a taste with you below as we continue on the edit:
Teaser (No Vimeo embed support...):
https://vimeo.com/270010626/3e08be0d84
The struggle in Zim is deep, primarily centered on the lack of a true financial system where people can exchange money and goods without friction. We think Dash and the work that Kuvacash is doing could be the solution.
We are seeking funding to cover the devaluation of Dash since our proposal was approved back in February. Our initial budget was $167k USD when Dash was valued at $732 USD weighted monthly average.
After the market crashed, we held in hopes that it would recover back to that value, but had to sell at $450 USD to recuperate the production costs that we had paid for, leaving a gap of roughly $77k USD. We trimmed costs in production with our amazing fixer (Rodney Knight of Film Fixers Africa) and were able to save a significant amount, so we are asking for $50k USD to cover our post production costs, finishing costs, and advertising costs.
We are escrowing with fiat guarantee through the DASH core team to make sure this gets done right.
This documentary will be released directly to the public for free. No festivals. No distribution platforms. No ad revenue.
Our targeted release date is June 15th, roughly one month before the Zimbabwean presidential elections.
Some interviews you have to look forward to:
- James Saruchera, Drako Kerdemelidis, and Spiro Antonopoulos of the Kuvacash team
- Nigel Gambanga, William Chui, and Yeukayi Kusangaya of Golix
- Bernard Manyenyeni, Mayor of Harare
- Valentine and his family, business owners and farmers that were given land during the agrarian reform of the early 2000’s.
- Aaron Tapfuma, a local union leader in charge of Kombi and bus owners in Harare
- Kenny, a street merchant who travels out of country to get wares to sell in downtown Harare.
- Lovedale Makalanga, a brilliant Harare musician who has graciously given us approval to use his songs in the film.
And many more, including Kombi drivers, Cash exchangers that sell USD for a profit, and merchants that need to buy USD to pay for their international goods.
We also want to figure out how to credit the DAO in the title and credit sequences. Typically it would look like “Frame 48… in association with X” and then at the end we would say, “This documentary was funded entirely by X”
Looking forward to your thoughts and feedback!
Cheers and Thanks,
Seth Josephson
Creative Producer, Frame 48
Link to Pre-Proposal: https://bit.ly/2IJaFP1
Original Proposal: https://www.dashcentral.org/p/DOCUSERIES-KUVACASH-FULL
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Discussion: Should we fund this proposal?
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To me, the key when considering reimbursing losses due to price decline is what happens when there are winnings because of price appreciation. In Core Team we have asked for extra money when the price has gone down. In our case, when the price goes up, the network benefits because we ask for less money after that. We don't operate for profit, so nobody is pocketing anything.
Some other proposal owners have acted in the same way. They have provided more services with the extra money and earned something similar to what they had expected at the original price.
Others, of course, have profited from price appreciation a lot. And that is not wrong as long as they also cover the losses if things go the other way.
In the case of Frame 48, they haven't had the chance to show how they would act if the price went up, so there is no way to know for sure. Even declarations would not help here; there would be no way to enforce those.
However, in this case, I vote yes. I have a combination of several reasons for that:
-A big part of their loss happened between the time they posted the proposal and when it got paid. There is no way to plan for that, except asking for big buffers. Nobody wants that. They posted with plenty of time, which is great for everyone, but that increased their risk.
-In all my contact with them, I have felt they care. I believe that if the price had gone up, they would spend more on even higher quality production, or save for another project. Of course, this is my perception, and I could be wrong, but that is what I have. Were they reckless not adjusting their proposal more when payout happened? Probably, but I sympathize with someone that wants to deliver what he promised and wants to keep a high standard.
-It makes sense to finish things that are already started and still make sense. If we consider the first proposal a sunk cost, which it is, here we can get a great video finished for an amount that would not give us something comparable starting from scratch.
-Their product is great and we dearly need high-quality content to promote Dash.
All the above is my personal opinion; I'm not saying that we should establish hard rules on when compensating for losses. The system is new, and we are all learning and adapting as we go.
It is much appreciated, and I’m glad Frame 48 will receive fair payment for their efforts.
Need to clear a few things up re Frame 48 - they are not paid by Kuvacash at all, nor did we have anything to do with organising them to do so.
They are working independently to produce emotive content that people outside of crypto will want to watch - but they are doing this for Kuvacash other projects as well. For example they will be shortly covering Venezuela in the same way.
The content they did produce when following our team in Zimbabwe was amazing, which is because Seth is a legend and documentary professional par excellence - just because they have done a great job so far on covering Kuvacash, some people have labelled it an 'advertorial' which is absurd.
If we want people of Seth's caliber to be involved in Dash and making it look incredible, then please get on board and vote - they are asking to be covered for costs due to Dash going to less than half its value, most of which occurred prior to them receiving the initial payout. If they are 'punished' for this, expect that this world-class team which is telling the story in a powerful and emotive way that connects with people (this is because Seth actually feels that Dash can change the world, from scratch) will walk away - and that is not good for Dash at all.
This will be content you will be proud to show your friends and colleagues, not to mention it is film festival quality that could put us firmly on the map.
We can fit this in - it is important that we have a team of this quality and passion (which is very hard to find) covering what we and others are doing to get Dash adoption, and to make it a powerful story.
For anyone who has not watched the trailers, I'll post a link up. Show your friends and watch them say 'wow, is that what you guys are doing?!'
https://vimeo.com/256250469/f7effd0e8b
https://www.dash.org/forum/threads/pre-proposal-frame-48-–-starting-from-scratch-–-devaluation-funding.37953/
In particular, please watch the second embedded video where James talks about Dash and it’s key benefits which is why people can adopt it as a payments and money solution.
It's this kind of content that both engages people emotionally and gets them to want to know more about Dash.
Dash can definitely afford people and teams of this caliber, and this will fit in the cycle so let’s get Seth and team sorted!
Thanks,
Drako
https://youtu.be/eVzggP7k3fo
Seriously tho, my “go-to” hype video for Dash has been (and will always be) ‘Girls love Dash’ :}
https://m.youtube.com/watch?v=8EZ8U5F8V1U
solarguy
Walter
Our proposal was submitted when DASH was valued at $732 back in mid-February, but the budget wasn't payed out until March, after the large crash.
This documentary is not advertorial in nature, and we think it would be inappropriate to accept funding from subjects that we are so closely following, especially when presenting this outside of the DASH community. The need for a financial solution in Zim is very obvious when watching the footage, and the arguments that they and other professionals have for DASH implementation is convincing enough when we have taken a non-biased and critical approach.
No one has ever returned extra funds on because dash price went up.
You are covering one specific project which is why this is being pushed through. Such groupism is wrong and this looks like a free g
In a month where there is budget available it might still be okay to provide some funds, but to prioritise another $50,000 for you in such a difficult month and snatch funding away from other projects who have managed things better will be very unfair.
1. They are not covering one project (KuvaCash). This covers other efforts as well, like Venezuela.
2. "...other projects who have managed things better..." Frame 48 bears zero responsibility for making poor management decisions about their Dash. From the time they put their proposal in, to the time that they got paid, the value of Dash dropped. What could they have done differently? They were powerless to have any effect by their "management".
solarguy
Frame 48 should not be punished for submitting their proposal early (allowing a decent amount of time for voting) and not arranging escrow on their first proposal (who would have expected a huge drop like that between submitting a proposal and payment date).
They proceeded regardless and need to cover costs to finish their project.
This time they have learnt their lesson and have arranged USD pegged escrow with Dash Core.
This is not their first and last project for Dash, as they intend to do the same emotive coverage for current Dash Venezuela projects and more.
If we want people to become passionate about Dash, we need to connect with them on an emotional level. If you view the example footage you can clearly see it’s not an ad, it’s a real doco with real people, and very powerful stuff.
I’ve viewed other Dash documentary footage from another currently funded team and they don’t even come close to the quality we are getting from Frame 48.
Frame 48 are in a completely league and deserve to be paid so they can continue to provide value to the Dash network.
Maybe someone from Dash Core can weigh in here, (as they did with the BitGo proposal).
Dash Adoption DocuSeries Zimbabwe: ft. KuvaCash EP01 Full by Frame48
https://dashwatch.org/files/1527559490765.pdf
Dash Adoption DocuSeries Zimbabwe: ft. KuvaCash EP01 Full by Frame48
https://dashwatch.org/files/1524872654356.pdf
They're doing the work, they're reporting their progress, the results are professional and we have every reason to finish this project with a little additional funding. This will be a tremendous resource that can get integrated into future marketing for the next decade.
Voting yes,
solarguy
God bless you all.
"We are seeking funding to cover the devaluation of Dash since our proposal was approved back in February. Our initial budget was $167k USD when Dash was valued at $732 USD weighted monthly average."
I think we should fairly compensate this team for their efforts providing the unforeseen circumstances and the expenses that they have incurred thus far. Also in general I believe that we should recognize proposals that meet or exceed expectations with regards to deliverables such as this, and offer our support when necessary.
I would like to see them submit more proposals in the future.
Good luck
The community appreciate your talents. Solid and emotive content.
Voting YES!
I realy apreciat the quality of your work.
As you confirm yourself, you are more focus Zim and Kavacash project.
As Kuvacash is a private project outside Dash.
For theres raisons you dont became top priority project for me.
In this context of low tresory. Its a no vote, to let more budget to Dash projects.
Kuvacash can certainly paie you with there NOTE coin, its the main money of your main customer.
Regards,
Kuvacash is a very important part of our ecosystem, and there are many more organizations like them that we would like to focus on in the future. We hope that comes into consideration when you are casting your vote.
Thanks,
Seth
I hope than Dash are put in the good place on the documentary. Without Dash, nothing of all of what you cover exist as a solution.
I change my vote to yes in this espectation.
Regards.
Cheers,
Seth
Dash community members are aware that you have been trolling non-stop on Kuvacash-related projects. Frame 48 has been doing an incredible job of documenting exactly what is possible when the DAO puts its mind to it, and their documenting the Kuvacash progress getting Dash into Zimbabwe is extremely valuable to build advocacy not just within, but also OUTSIDE of Dash - it is content that will have a very long life, and indeed may be an important historic archive.
I agree with Voluntary (below) we want as many people to be aware of what the power of Dash can do as possible. Note that Frame 48 is also documenting other teams and progress, and we want them onside - Seth and team are an incredible resource for Dash.
Drako
Insulting me as an answer, tel more about you than about me.
Its strange than you understand my bad English this time, I Apreciat it. Tank you for the efort.
You sale NOTE coin as a big value for DAO, im sure you can sale this fact to FRAME-48 too.
FRAME-48 do great job, i hope in the future they cover Dash project.
Regards.
Both the Frame 48 and Kuvacash teams are doing amazing work on their individual projects.
You are daft if you vote ‘No’ and still ‘hope’ or expect Frame 48 to continue working on their Dash documentary (which covers a variety of different Dash DAO projects and initiatives) if you close off access to funds.
In addition, the Kuvacash team announced the Utility Notes (and gave them away voluntarily and free of charge) to MNOs AFTER they had already received funding for their Kuvacash project. Implying that they ‘sale’ them to anyone as ‘big value’ is just you trolling and being disingenuous again.
Frame 48 are independent film makers and deserve to be paid for their work.
Could you please provide a single example of a way that your participation in Dash has helped the DAO? I feel that you are a concern troll and have pointed this out to the community many times.
Compensating one proposal owner for devaluation means opening a pandora's box of similar demands from other proposal owners and will end up causing serious heartburn when those have to be turned down.
This is a powerful story that connects with people. That emotional connect builds trust and loyalty with end-users; a sense of belonging. Compared to other marketing projects, it has a stronger and much longer shelf-life
so this documentary is not about Dash , but about Zimbabwe (struggle + eventual solutions) and Kuvacash ?
any interviews from Dash in there as well ?
sorry, might have missed it written somewhere else
reg price drop in budgets ,
proposal owners are speculating on price rise (get more US$ eventually), and parallel should carry the risk of a price drop as well !
just my 2 Duff's
ty
The documentary outlines the economic problems of Zimbabwe and what the Kuva team is doing to solve those problems. The heavy focus on the solve for those problems is the DASH foundation that Kuva is built on and the amount of value add that DASH can bring to the country.
We understand the speculative nature of price, but a 50% drop in value severely impacts what we can do as a production company to ensure a polished product, regardless of how much we trim back on. The timing could not have been worse, which is why we have gone the escrow route to make sure it does not happen again.