Proposal “IntegratingDashinAfricanExchange“ (Closed)Back

Title:Integrating Dash in African Exchange
Owner:tkembo
One-time payment: 177 DASH (10802 USD)
Completed payments: no payments occurred yet (1 month remaining)
Payment start/end: 2017-06-19 / 2017-07-19 (added on 2017-06-04)
Final voting deadline: in passed
Votes: 201 Yes / 431 No / 46 Abstain

Proposal description

Short Description:
https://bitcoinfundi.com a Zimbabwe based exchange has bitcoin as the only cryptocurrency on it right now. Bitcoin miner fees have become too high, confirmations are taking forever and there is not enough bitcoin liquidity meet the local demand for bitcoin. We are going to Dash (a better alternative) but we need support from the Dash community.

Cost:
Month 1: (August 2017): 111Dash
Month 2: (September 2017): 3 Dash
Month 3: (October 2017): 63 Dash
Total cost: 177 Dash

Duration:
3 months

I just want to emphasise here that: The money we're asking for here is not going towards paying salaries or developers to do the integration - we are going to cover human resource expenses ourselves. However, the bulk of this funding is going towards providing ï»¿the initial liquidity (through market making) and the rest is going towards awareness. The rest of this proposal explains why both of these are important to have after we finish the integration.

We have had some great feedback on theDash.org forum and answered the most important questions about the proposal at this link:  https://www.dash.org/forum/threads/pre-proposal-integrating-dash-in-african-exchange.14940/

About me:
I got involved in cryptocurrency through bitcoin in 2012 and now run a bitcoin exchange in Zimbabwe called BitcoinFundi. We are one of the few bitcoin exchanges in Africa and have been live since September 2015.

About my project:
We're seeing real use cases for cryptocurrency here in Africa (Zimbabwe specifically). Individuals and companies are actually using bitcoin to make cross-border payments and send remittances in ways they couldn't before. To give an example, capital controls in Zimbabwe (as in many African countries) have made it difficult to send money outside the country so a lot of people couldn't get into certain types of businesses because of the challenges involved in paying suppliers abroad.
Our solution (which is built on bitcoin), works today, however, we have a few challenges that have pushed us to consider integrating Dash. These are:
  1. Liquidity - there is not enough bitcoin in circulation in Africa to meet the local demand for cryptocurrency.
  2. Arbitrage - The price of bitcoin is almost always significantly higher in Africa than it is in other parts of the world.
  3. The bid-ask spread is always high because of the liquidity situation. it's also very difficult to buy bitcoin instantly.
  4. High transaction fees and long confirmation times are making bitcoin less and less attractive are ruining the user experience for cryptocurrency users who only know bitcoin.
Our solution to this problem is adding dash as a second cryptocurrency on our exchange, BitcoinFundi. We are confident this will help the cryptocurrency ecosystem and dash get a foothold in the African market for a few reasons:
  1. People will get access to an alternative cryptocurrency that is faster and cheaper and (if this works) is more readily accessible.
  2. Having a cryptocurrency pair also increases the volume and liquidity because it allows people outside Africa to also trade on the platform. If the only currency pairs are bitcoin and local fiat currencies then only people in Africa will trade because people outside Africa cannot easily get access to local fiat currencies. To give an example: someone outside Africa, who wants to help with liquidity there, can market make on our exchange on the bitcoin/Dash currency pair - knowing that whichever whichever of the two currencies they make their profit in, they can always take it out.
Project Requirements:
  1. Help and support form Dash tech community as we do the integration.
  2. Financial assistance in terms of a float for market making to provide the initial liquidity for this currency to take off.
  3. Financial assistance for marketing and awareness.
  4. Promotional materials - logos, t-shirt designs, flyer designs, etc.
Progress milestones:
  1. DASH/USD, DASH/BTC and DASH/ZAR currency pairs added to BitcoinFundi - deadline: 31 August 2017
  2. First sponsored article on TechZim to make the announcement - deadline: 1 September 2017
  3. Production of explainer video in local language - deadline: 1 September 2017
  4. Sponsor 3 episodes of video podcast - deadlines: 1 September 2017, 31 September 2017 and 30 October 2017
  5. Exhibition and launch and local fintech event - deadline: 30 September 2017.

Deliverable:

The USD equivalent of the 30 Day Trailing volume of Dash that is traded on BitcoinFundi should equal or exceed the USD equivalent of bitcoin's 30 Day Trailing Volume at the end of the project period.

Why we need the funding:
We shall self fund the development and integration on Dash into BitcoinFundi but Dash to take off, we need financial assistance in the following areas:
  1. A float for Market Making - The bulk of the funding will go towards providing liquidity for the initial customers who will visit the exchange to buy/sell Dash. Market making is important firstly to make sure that early customers can get their order filled quickly and secondly to shorten the bid-ask spread - which will likely be wide for new currency pairs.
  2. Marketing and awareness - The demand for bitcoin on BitcoinFundi right now far exceeds the supply. The goal of this awareness campaign to let people know that bitcoin is no longer the only player in the game and to help them understand that Dash is a good alternative that they can start using today. Awareness will be focused on the 2 channels that have been most effective in BitcoinFundi's customer acquisition - sponsored blog and video posts and events.
Further Reading:
  1. Blog post by one of our customers on how they use bitcoin to send remittances to Zimbabwe: https://www.techzim.co.zw/2016/11/save-money-using-bitcoin-send-money-zimbabwe/
  2. Blog by me on how we use bitcoin help locals import cars: https://blog.bitcoinfundi.com/how-we-are-helping-our-customers-buy-cars-from-beforward-b41f25c5fc92
  3. Blog post by me on how low cryptocurrency liquidity in Africa affects price negatively and what the possible solutions are: https://blog.bitcoinfundi.com/why-t...han-it-is-on-other-international-56bd85db1445
  4. Detailed budget for this project: https://docs.google.com/spreadsheets/d/1kdXxUOUMw2nOYZYmPybShYdS9OXM8iQtZMvjzzg7cbU/edit?usp=sharing
  5. Spreadsheet with my exchanges growth metrics since going live: https://docs.google.com/spreadsheets/d/1UXpa01CmOgiF8S8AwwzOGBNWLGSbmHr6E7yCd-dYwHE/edit?usp=sharing
  6. Slide Deck with more information about our company (and the use cases for cryptocurrency): https://docs.google.com/presentation/d/10FyTJTpmtOA4hZu6_l2zE15kiyTWBCzMhfLRj90dRy8/edit?usp=sharing
  7. A link to our trading history (@DashingDude thinks that @Biltong will want to see it): https://drive.google.com/file/d/0ByG7Lr1QL_6sQmsyTUZ5Q0p0S3M/view?usp=sharing

Link to Detailed Doc: https://drive.google.com/file/d/0ByG7Lr1QL_6sZjhUZzkzV2VMRUU/view?usp=sharing

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Discussion: Should we fund this proposal?

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1 point,5 years ago
I tried to register and login but it is full of bugs : HTTP error 500
this is not serious website
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1 point,5 years ago
I'm rolling the dice on this one. I've switched my votes to yes after reading the latest info, and seeing DASH on the exchange now. I hope it becomes a great success.
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1 point,5 years ago
I think asking for 177 DASH ($28247) for such a minor exchange is a ripoff. Only big exchanges (the size of half-a-Kraken or above) can get such funding, due to their better transparency.
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0 points,5 years ago
Maybe I would have voted 'YES' if the sum asked was MUCH smaller, around $1000-$2000 dollars.
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1 point,5 years ago
The price of DASH has doubled since I wrote the proposal but I really wrote a budget for $15k.

I don't think $1-$2 would help much as our daily volume for bitcoin now exceeds that. Plus we really need it to do some market making to allow people who are interested in DASH to be able to buy DASH and at an internally competitive price.

The demand for cryptocurrency is there and we've been able to validate it with bitcoin. But because bitcoin is scarce, price of bitcoin on our exchange are normally 15% - 20% higher than they are on international exchanges. We know this is going to be the case when DASH goes live as well and this will ruin the experience for someone who is trying out DASH for the first time.
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0 points,5 years ago
Well, I can see the catch 22. Even with Bitcoin, who can buy it (or who will sell for local currency that already has it?) 177 Dash over 3 months would really kick start things. What happens if tkembo flakes? Well, I would hope that somehow the Dash would end up being spent in Zimbabwe, and thus begin a Dash economy there? I don't think that will happen, since their exchange, though small by western standards, has been around for 2 years now. I think we are at risk of clamping down on funds at this point, from fear of being "ripped off" but like Ryan said, we will waste some funds, with projects not being completed, but on the whole, our Budget system is moving Dash forward extremely fast.

Will pumping 177 Dash into this exchange help kick start Zimbabwe's burgeoning Dash economy? It very well could! I think we should give it a try. This is the kind of thing that I personally am in this space for. And if it works, I have no doubt that in the end, it will pay for itself many times over in new demand in Zimbabwe.
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0 points,5 years ago
No thanks. The exchange added Bitcoin for free. Why does DASH have to pay?
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1 point,5 years ago
So we're not asking DASH to pay for integration. Integration is the easy part. What's hard is getting liquidity into to the exchange so that early customers will be able to buy it. The best way to solve the liquidity problem is though market making. I have a whole blog post explaining why there is a scarcity of cryptocurrency liquidity in Africa (even with bitcoin). You can read it here: https://blog.bitcoinfundi.com/why-the-price-of-bitcoin-in-africa-is-significantly-higher-than-it-is-on-other-international-56bd85db1445
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2 points,5 years ago
maybe because their volume is already anemic and they can get help here with Dash's budget system. In my opinion, this kind of thing, really a drop in the bucket and if actually used as proposed, can change the world. And isn't that what we're here for? Or is it all about squeezing out as much $ fiat that we can out of crypto and dumping it for some other money making scheme. I mean, I don't know tkembo, but his exchange has been there 2 years now. That's a while for crypto. I'm willing to bet on his project, that he'll put the funds to good use (as he said, to give liquidity)
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0 points,5 years ago
Thanks for the support.
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0 points,5 years ago
sorry, I always hit enter before editing, bad habbit. especially here where I can't edit afterwards, LOL.
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0 points,5 years ago
Just to give an update,

A few people have mentioned in the comments that they would like to see DASH integrated in the exchange first. I think that's a fair request and we've started the integration are expecting to have finished the integration within 7 days (it will likely be sooner).

Some people have asked to be able to see the order and book and trading history without having to first create an account and/or logging in - I think this is a fair request too and we'll make this possible as soon we finish the Dash integration (in about 7 days).

@TaoOfSatoshi, I'd love to do an interview with you on Cash Alternative TV mostly to discuss why I think it's important for locals in Africa to be able to buy Dash with fiat (we can only buy Dash with bitcoin and many still don't have access to bitcoin - I write about that here: https://goo.gl/U6e27W). We also invite some of those that are skeptical to the discussion - it will be a good chance to hear out both sides. What do you say?
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0 points,5 years ago
I've got to ask, why the weird breakdown?

Month 1: (August 2017): 111Dash
Month 2: (September 2017): 3 Dash
Month 3: (October 2017): 63 Dash
Total cost: 177 Dash

Why only 3 in the second month?
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0 points,5 years ago
That's because the bulk of the budget (100 DASH) will go towards market making.

In places such as the US or the UK, it's really easy to buy cryptocurrency. An exchange there will have no problem providing liquidity. In our part of the world, it's a lot more difficult. For starters, we have capital controls that our Central Banks impose that make it impossible to wire money outside the country and so it's very difficult to provide that initial liquidity if we launch a new cryptocurrency. Add to this that bitcoin trades at a 15% to 20% premium because the demand exceeds the supply. I explain this problem in more detail in this blog post: https://blog.bitcoinfundi.com/why-the-price-of-bitcoin-in-africa-is-significantly-higher-than-it-is-on-other-international-56bd85db1445

IN month 3 we shall be hosting actual events to help educate people on what Dash is and how they can use it today. We shall not do those in month 1 and 2 because we shall be building up the hype for month 3
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0 points,5 years ago
I'm looking forward to it. I also think it's a move that will bring in more users. If anyone is like me, they want to see what's up, what things cost, history, etc... before "giving away" their personal information (even if it's only a user name, password and a fake email address ;P ) It's just more open. Though I can understand if you have difficult issues with attacks or something.... but it seems other exchanges can do this, so?
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0 points,5 years ago
I understand that our exchange works very differently from most international exchanges but this is because when we set out to build it, we didn't just want to clone an exchange in the first world - because we had different considerations that were unique to our market. I can add some your requests to our development roadmap but if you're not comfortable providing personal information to create an account I can get you a demo account that will allow you to test it out and to get access to the information you are asking for. You can email me about that on tawanda@bitfinance.co.zw
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1 point,5 years ago
Congratulations Tawanda, this is what I call a well-defined plan. Looking forward to see each milestone on the blog. You have my vote.
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2 points,5 years ago
And I'm very sorry to read these kind of comments from people who did not click one link before mentioning buying arms.
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1 point,5 years ago
The exchange looks very promising and I'm sure Dash orderbook will get filled much more. Please MNO, create an account in under 1 minute and reevaluate. This is the unbanked market we were talking about.
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3 points,5 years ago
I'm inclined to vote for this project. I don't know who this group is, or if their exchange works? But the reason I am inclined to vote for it is if they run off with the Dash, where would they spend them? Most likely in Central Africa, right? Which means, hopefully, the Dash will end up in circulation there. Of course, I don't want this to be a failure, but I also feel that the Masternode Network is getting FAR too tight fisted with the budget. Frankly, I think that the failure rate of proposals is pretty minimal, and far more good has come out of this system BECAUSE we have been trusting people. I have nothing against allowing our system to mature and getting people to be more accountable, but there are areas in the world where we have no control, and can only take chances. In such cases, is 177 Dash too much to risk? The biggest risk, the one outcome that I would be horrified to learn of, is that the funds were used to buy weapons. Anything else, it's at least moving Dash around the world and helping adoption.
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0 points,5 years ago
Agreed. They could be scammers, but fuck it. We need to get traction in Africa and worst comes to worst we lose 177 DASH. I don't love paying for exchange integration but it is what it is. The more exchanges supporting DASH the better.

I am voting yes for now but will change it to no if they don't integrate it before the voting deadline(as they said they would in the comments below).
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3 points,5 years ago
We need to get a foothold in Africa.
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2 points,5 years ago
How much volume does the exchange have on a daily basis ?
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0 points,5 years ago
Our volume in the last 24 hours was 1.7 BTC .
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0 points,5 years ago
Thanks for your honesty, the way to win proposals is to have already done something that shows intent or passion. Proposals that dont have any roots rarely bare any fruit . Still I think you are on the right path.. wish you all the best in your endeavors :)
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0 points,5 years ago
Thank you
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-3 points,5 years ago
DEAREST SIRS,

I AM MAKING THIS CONTACT ON BEHALF OF MY SISTER MRS MARIAM ABACHA, THE WIFE OF OUR FORMER HEAD OF STATE, LATE GENERAL SANNI ABACHA, NOT MINDING THE CONSEQUENCES, BUT HOPING THAT YOU WOULD UNDERSTAND OUR PREDICAMENT HENCE THE NEED FOR YOUR URGENT ASSISTANCE AND CO-OPERATION.

I AM PRINCE ISA AHMED THE YOUNGER BROTHER TO MRS, MARIAM ABACHA. SHE GOT YOUR CONTACT WHILE GOING THROUGH HER LATE HUSBAND'S LIBRARY AND HOPE THAT YOU CAN GIVE US ADEQUATE ASSISTANCE.

MY AIM OF CONTACTING YOU IS TO SEEK YOUR ASSISTANCE IN TRANSFERRING THE SUM OF TWENTY SIX THOUSAND AND FIVE HUNDRED UNITED STATES DOLLARS ONLY (US$26,500 OR 177 OF YOUR DELIGHTFUL DASH UNITS ) OUT OF NIGERIA AND INTO YOUR TRUSTED BANK ACCOUNT ABROAD.

PRESENTLY, ALL THE FAMILY BANK ACCOUNTS ABROAD WERE FROZEN BY OUR FORMER HEAD OF STATE GENERAL ABDUSALAMI ABUBAKAR BECAUSE OF ALLEGED LOOTING OF OUR NATION'S MONEY BY HER LATE HUSBAND GENERAL SANNI ABACHA, BUT FORTUNATELY FOR US, WE ARE NOW IN A DEMOCRATIC GOVERNMENT.

PLEASE SEND FUNDS MOST URGENTLY TO US FIRST AND YOU WILL EXPERIENCE GREAT PROFITS AT OUR MOST GRACIOUS AND WILLING EXPENSE.

YOURS FAITHFULLY,

PRINCE ISA AHMED, SON OF KING OF JUMUNJI IV, LOVER OF ALL THINGS DIGITAL MONEY
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-2 points,5 years ago
Hahaha nice one, you said it but we're all thinking it
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3 points,5 years ago
Yah, but is it fair?
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0 points,5 years ago
Integrations do not work simply put, past integrations have proved that
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0 points,5 years ago
I agree. Integration alone won't work. We're going to go a step further and do actual market making and advertising. I'm confident that will work.

Just to compare notes, I'd also like to hear some reasons you think that integrations don't work.
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7 points,5 years ago
Will also vote yes when Dash is incorporated into the exchange.
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0 points,5 years ago
We've finished integrating DASH, been testing on a development server and are planning to go live this Sunday. I know that the problem initially will be liquidity - would you be willing to help test it out by buying/selling a small amount? It will help us with liquidity a great deal and will also show you why we think that marketing making is important for DASH's success initially.
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2 points,5 years ago
We've now decided to add Dash to the exchange before the voting deadline. I will post an update in the next few days with exact timelines for when the integration will be complete. This condition makes sense.
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5 points,5 years ago
If dash is added to the exchange I will change my votes to yes.
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0 points,5 years ago
We've finished integrating DASH, been testing on a development server and are planning to go live this Sunday. I know that the problem initially will be liquidity - would you be willing to help test it out by buying/selling a small amount? It will help us with liquidity a great deal and will also show you why we think that marketing making is important for DASH's success initially.
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3 points,5 years ago
We've now decided to add Dash to the exchange before the voting deadline. I will post an update in the next few days with exact timelines for when the integration will be complete. This condition makes sense.
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1 point,5 years ago
I'm wondering why you have to have an account to see trades? It would be more in keeping with other exchanges if you can see what's going on without having an account or logging in?
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0 points,5 years ago
Could not agree more. Voting no until many things change with this exchange.

Needs to be publicly view-able without accounts, and Dash added and successfully traded for a week or two before I would ever give my Yes votes.
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0 points,5 years ago
Making it publicly viewable was not really on our development roadmap and although we can add it to our roadmap it's not really the most important feature we should be prioritising for our market right now.

However, I'm happy to give you access to any information you need. And if you are not comfortable sharing your personal information, I can give you access to a demo account that will allow you to see what stats you want to see. But you'll have to email me first at tawanda@bitfinance.co.zw
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4 points,5 years ago
As Tao said below, show us Dash integrated, and I will vote yes too :)
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1 point,5 years ago
We've finished integrating DASH, been testing on a development server and are planning to go live this Sunday. I know that the problem initially will be liquidity - would you be willing to help test it out by buying/selling a small amount? It will help us with liquidity a great deal and will also show you why we think that marketing making is important for DASH's success initially.
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1 point,5 years ago
Thank you for implenting Dash prior to the voting deadline. You still need to fix the link to your exchange in the OP, which reads "bitocinfundi.com". This error bothers me, and could lead to some no votes from people who get an error when clicking this link.
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1 point,5 years ago
We've finished integrating DASH, been testing on a development server and are planning to go live this Sunday. I know that the problem initially will be liquidity - would you be willing to help test it out by buying/selling a small amount? It will help us with liquidity a great deal and will also show you why we think that marketing making is important for DASH's success initially.

Secondly I wanted to request an interview on your show where you and me can have a discussion about this proposal and the potential of DASH in Zimbabwe. And Africa. It will be great if we can make this a live hangout too. I can make myself available at whatever day/time that works for you. My email address is tawanda@bitfinance.co.zw if you need to reach me via email.
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1 point,5 years ago
Thanks for pointing out the URL error. I've fixed it.
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1 point,5 years ago
Great! Thanks.
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2 points,5 years ago
After reading your budget proposal, all the comments and your replies on those comments,
i decided to vote yes. Good luck with your budget proposal.
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0 points,5 years ago
Thanks
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4 points,5 years ago
This looks like the perfect proposal for a loan, once our DGBB (Dash Governance and Budget by Blockchain) gets upgraded to DGLEBB (Dash Governance and Lending and Equity and Budget by Blockchain).

But since it's not out yet (if ever... perhaps another proposal), I give a reluctant yes.

This is basically a subsidy to start your exchange, which is not necessarily a bad thing:
1. It will help the African people immensely (by getting non-failing currencies into their hands directly or through remittances).
2. It will help Dash by jump-starting demand in a local area (the liquidity will ease the attractiveness of buying Dash vs others)
3. You will profit inordinately. I don't necessarily have a problem with this, since you seem on top of the space (read your links) and you are actually benefiting the African economy as well as Dash so you should be rewarded.

What if exchanges in every country in the world got "subsidies" from the DGBB? Might not be a good thing. But maybe it would be. Satoshi discussed a problem for Bitcoin was how to get it dispersed "fairly" (his solution was to join incentives: those that benefit the system would get this subsidy). Although I think this type of proposal is better suited for a loan-type structure, I know this *will* benefit African people AND Dash, so in the mean-time: Yes.
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4 points,5 years ago
If the money is for liquidity, not the integration itself, let's see the work done on your site first. Integrate it before the voting deadline, and you'll get my vote.

Once more competition comes to this board, I'd assume that proposals like this one would be structured more like loans where the proposal owner promises to burn the coins again in x months.

In terms of integrations into private sites, I think a "reburn percentage" guarantee is a tool proposal owners could start to use.
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1 point,5 years ago
We've finished integrating DASH, been testing on a development server and are planning to go live this Sunday. I know that the problem initially will be liquidity - would you be willing to help test it out by buying/selling a small amount? It will help us with liquidity a great deal and will also show you why we think that marketing making is important for DASH's success initially.
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1 point,5 years ago
You've got a deal
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1 point,5 years ago
To the proposer: Two things to get my Yes vote. You say that no money is going towards adding Dash, so I would like to see you implement Dash on your site immediately, and change the link which is currently spelled wrong. Do those two things, and you will have my Yes vote.
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1 point,5 years ago
You've got a deal
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1 point,5 years ago
Zimbabwe's national currency has failed. This creates a huge demand for other means of exchange. This guy is not trying to scam us. He even provides his trading history. I think he's for real. We really do want more exchanges in Africa to support Dash. And Zimbabwe could adopt Dash perhaps more rapidly than any other country. Finally, a Zimbabwean exchange would facilitate money-transfer from other countries, which is a big thing here.
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1 point,5 years ago
Definite Yes from me. Getting into Africa is very important.
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1 point,5 years ago
I think its a great idea, I think this is exactly the kind of projects we should be funding. I could be wrong because I haven't looked at any proposals before starting a masternode, but I haven't heard of any proposals geared at integrating African countries yet so Its a yes vote for me.
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0 points,5 years ago
Thanks
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0 points,5 years ago
Zimbabwe is a very cheap country to life in, surely salary's are much much lower there than in most places all over the World.

25k is no go for me, it's like that Nigerian prince that keeps sending emails ! (for those never got that email, it feels like a rip of to the extent that is a scam)
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0 points,5 years ago
I hear. However, none of this money is going to pay salaries - here is a link to a detailed budget: https://docs.google.com/spreadsheets/d/1kdXxUOUMw2nOYZYmPybShYdS9OXM8iQtZMvjzzg7cbU/edit#gid=0

The bulk of this budget is going towards marketing making to provide initial liquidity when Dash trading pairs go live. The rest goes to awareness. We think both are importantly for a few reasons:
1. With no initial liquidity that is provided through market making, there will be no Dash for people to buy and try out. We saw the same liquidity problem with bitcoin and we have a whole blog post explaining it in more detail here: https://blog.bitcoinfundi.com/why-the-price-of-bitcoin-in-africa-is-significantly-higher-than-it-is-on-other-international-56bd85db1445
2. A lot of people got introduced to cryptocurrency and most of these have never heard about or tried out Dash. Awareness and marketing are important.
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1 point,5 years ago
Okay, I apologize for my misunderstanding. I would not mind investing into such a project but DASH should get like 33% stake in your profits. What I am saying is quite common practice. I think Dash should start working via this manner.
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0 points,5 years ago
I would like to discuss the investment opportunity with you further. My email address is tawanda@bitfinance.co.zw. Can we connect via email?
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1 point,5 years ago
That makes total sense and is something I am willing to pay for :)
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0 points,5 years ago
Hmm... not sure if Dash should be paying to be added to an exchange where you admit that Dash will provide a superior solution to Bitcoin. Can't you just add Dash anyway? It will increase your business in any event if you say it will help your customers. Good luck with your integration, the technology is free. We don't need to pay people to use it. Thanks.
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0 points,5 years ago
Actually (as I explain later in the proposal) we shall be coving the full cost of integration and the funding is really required for awareness and marketing locally and for providing the initial liquidity for market making - we don't think adoption will be successful without both.
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0 points,5 years ago
Yes I read the proposal. I'm voting no. If BTC is a lesser solution and you claim there is pent up demand, then you can easily make the market yourself. That's what an exchange is for. Again, good luck, but this is not what the Treasury is for. Thank you.
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