Proposal “LegalOpinionKPIBizDevPRDashNigeria“ (Closed)Back

Title:Update: Shutting Down Dash Nigeria - Please read
Owner:Nathanielluz
Monthly amount: 68 DASH (2603 USD)
Completed payments: no payments occurred yet (3 month remaining)
Payment start/end: 2021-01-12 / 2021-04-12 (added on 2021-01-11)
Final voting deadline: in passed
Votes: 672 Yes / 313 No / 99 Abstain

Proposal description

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Discussion: Should we fund this proposal?

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1 point,3 years ago
Help Dash Nigeria Get Out Of Debt

Dash Nigeria is in debt of $6,300, being the cost of adding Dash to exchanges, remittance platforms, amongst others. This is proving difficult for my team and me as we cannot afford to pay for it even after being unpaid for several months. It is frustrating that going out of our way to negotiate and enter into contracts to list Dash on exchanges and remittance platforms for as low as $2,000 will lead us into debt. We're not asking to be funded or paid; as we have stopped Dash Nigeria’s operations, we are pleading to have the debt taken off our shoulders to avoid us spending the next several months offsetting these debts.

We are receiving donations at the same address as our proposal here - XjA2Z53RjSz2xHSSk2fXoP1GN8ZZkvZoy8

Thank you for your assistance.
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1 point,3 years ago
Shutting Down Dash Nigeria

We set out in late 2017 to start adoption activities for Dash in Nigeria powered initially by the DashForce monthly meetups contest. There was no exchange in Nigeria with a Dash-fiat pair, no merchants, no remittances platforms with Dash and the likes. It was starting from scratch for me and my team.

Fast forward to today, we have several Nigerian exchanges, payment gateways, remittance platforms and other businesses supporting Dash. However, it has become apparant for us to shut down the Dash Nigeria organisation at this junction. It is quite a painful one for us but after consultations with our team and some community members, we are convinced it is the best decision.

We will like to thank the Dash MNOs, DCG, DFOs, and entire community for allowing us to promote the adoption and use of Dash in Nigeria.

Though we are shutting down the Dash Nigeria organisation, we will complete all tasks in the pipeline such as media engagements, partners and users support for now and the foreseeable future at no cost to the DAO.

We have just one more final request - we are in deficit and will appreciate to have our proposal pass for just this cycle so we can settle our pending financial obligations. Failure of that will put me in hugh personal debt, which will be a difficult situation for me. Thanks to donations of a little less than 20 Dash received, our current deficit stands at $6,300.

Thank you for your understanding and support.

Long live the Dash DAO.

Nathaniel Luz
For the Dash Nigeria Team
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0 points,3 years ago
Sorry, but with the Central Bank of Nigeria ordering banks to close accounts of crypto clients, i feel Nigeria has become too hostile towards crypto. I am changing my yes votes to no votes.

I do want to thank you for all your hard work for Dash over the years and i want to emphasize that none of this is in any way your fault.
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0 points,3 years ago
Here's my official position on the CBN issue

https://news.bitcoin.com/central-bank-of-nigeria-orders-banks-to-close-accounts-of-crypto-clients-as-remittances-via-traditional-corridors-drop-by-97/
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0 points,3 years ago
Bad piece of news, I have to stay with a No with all this bad news coming out of Nigeria.
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1 point,3 years ago
I can't find the bad news there. This is a great testament to our work - remittances via traditional channels dropped by 97% in favour of remittances via crypto. Also note that the timeline of this coincides with the start of our remittance campaign in January 2020.

The CBN is threatened as more people are using crypto for international payments and remittances so they're trying to make it difficult - but we all know it's impossible to stop this revolution. If anything, this is the time to double down on our work in Nigeria.
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-1 point,3 years ago
Your official position does not matter, if crypto can't bank in Nigeria, we have at the best a grey market for Dash.
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0 points,3 years ago
Dash Nigeria Announcement

Thanks to the donations received (less than 20 Dash), we have completed Dash’s integration into Roqqu exchange web and app (https://roqqu.com/) https://twitter.com/roqqupay/status/1356543017520365568?s=20.

A new integration from Dash Nigeria as Nigeria’s first micro-investing platform, Trove, adds Dash https://techcabal.com/2021/01/26/nigerias-first-micro-investing-platform-trove-adds-cryptocurrency-trading/.

Dash has also been added to the First Kudi Exchange https://www.firstkudi.pro/.

These integrations continue to enrich the Dash ecosystem in Africa, and it will be a plus to get them running correctly.

We will like to fulfil our obligations with partners, complete pending integrations while carrying out formal announcements and marketing for the integrations above and others. We will appreciate your support in making that happen.

Nathaniel Luz, Lead, Dash Nigeria
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0 points,3 years ago
I cannot vote yes on a bailout plan, that is not something that the DAO should be burdrened with, still have a bitter taste in my mouth how DACH folded operations.
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0 points,3 years ago
Our priority is to fulfil pending obligations to our partners and that is where all funding (donations or proposal passing) are allocated to. By the way, Dash has been added to 3 new platforms in the last 1 week - Roqqu, Trove and Firstkudi.
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2 points,3 years ago
Explaining NO vote
1) Please don't go into debt for Dash work, don't work for free, it's not necessary, get voted and funded first. If there's a separate proposal to cover the debt, with details and how it happened, I'll support it one time.
2) Not a fan of ongoing salary employees. Better if there's a separate proposal for each deliverable with timeline even if the same team members are spreading their time across them simultaneously. If keeping funding in reserves please explain why. If the result of the work is not within your control, like external party's acceptance or approval, commit to the portion you'll surely deliver.
3) Bittrex had a unique business reason for delisting not regulatory wide privacy requirement. Coinbase did not delist. DCG provided the research on DASH being par with BTC on privacy tech. How's a legal opinion going to help?
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-1 point,3 years ago
Hello U99430,

Thanks for the feedback.

1. The debt we are in is not due to working while not being funded, for instance, we are maintaining our work for Dash at no cost to the DAO currently. The debt arose as a result of signed obligations with partners. We do pay the technical fee for adding Dash into exchanges, remittance platforms, etc. It was a miscalculation on my part and I bear responsibility for it, no bad blood on that. However, getting this proposal to pass and help resolve our commitments will help.

2. The compensation for our team of 3 is $3,200 monthly, covering our costs in Biz Dev, marketing, support, events, PR, etc. We have met all our goals in previous months and believe our work is well priced. Kindly see our Dashwatch reports on these.

3. A legal opinion and legal support from the law firm drafting it will be of great help reassuring our partners. While there are existing legal opinions on Dash at the moment, they do not cater for the Nigerian market as legal opinions are location specific.

The Bitrrex delisting created some FUD that affected our work with some of our partners, meanwhile all we need is to complete the legal opinion we already started, so we can also refer our partners to it whenever needed.

We will appreciate a reconsideration of your vote. Do let me know if you have any more questions.

Thank you, Nathaniel.
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0 points,3 years ago
New integration from Dash Nigeria

Nigeria’s first micro-investing platform, Trove, adds Dash

https://techcabal.com/2021/01/26/nigerias-first-micro-investing-platform-trove-adds-cryptocurrency-trading/
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1 point,3 years ago
Debt Appeal Fund by Dash Nigeria

Being defunded for two months in a row while in deficit, we wish to open an appeal to clear up Dash Nigeria’s debts.

The debts breakdown is as follows:
Integrating Dash into Cryptofully remittance platform (https://cryptofully.com/) - $2,000
Integrating Dash into Roqqu exchange web and app (https://roqqu.com) - $2,000
A balance of $1,000 for the completion of the legal opinion on Dash in Nigeria
A previous deficit of -$2,343 (more details in our December Dash Watch report)
10 Dash spent on proposal fees for the last failed proposal and this one up for voting

They are totalling $7,343 and 10 Dash.

We appeal to you to help us cover our deficits; else, it will strain me as the one who got into the agreements and signings. We are receiving donations at the same address as our proposal here: XjA2Z53RjSz2xHSSk2fXoP1GN8ZZkvZoy8

We will keep up support for existing Dash partners, media and event appearances going forward at no cost.

Thank you.

Nathaniel Luz
Lead, Dash Nigeria
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0 points,3 years ago
Hello, Dash community,

I was recently informed that it is not possible to vote on our proposal using the DMT as our proposal link doesn't appear correctly there. This is the wrong link that unfortunately appears on DMT. Kindly check out our proposal on DashCentral and DashNexus.

Thank you.
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1 point,3 years ago
Are there any MNO's that voted NO on this proposal that would be comfortable explaining why you voted no?

I'd just like to understand your thought process, I promise it won't turn into an argument.
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0 points,3 years ago
I'd like to see this too.
196 No votes and not a single explanation why, except that one-liner from lysergic below calling it "low value" without any elaboration.
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1 point,3 years ago
Nigeria is the only country where Dash can be sent directly to a local bank account with the recipient receiving fiat. The 40-second animation below shows how to easily send Dash to a Nigerian bank account. Creating this infrastructure is one of our achievements at Dash Nigeria and we require your support to adequately market it to reach remittance senders and receivers.

We will be rolling out a promotional campaign with Coinprofile and Cryptofully to enable users to win an amount of Dash after using Dash for remittances. For instance, users can win X amount of Dash after sending Y amount Dash in remittances. Dashwatch will verify data before we upload it on https://dashnigeria.com/stats.

However, we need our proposal to pass for us to make this happen, counting on your support.
https://youtu.be/K9SOIAXOgLw
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1 point,3 years ago
You did all I asked of you, lowered your ask, dropped the book budget, switching my vote. Good luck. You're gonna need it, you have a whale who thumped this hard.
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0 points,3 years ago
Thank you for your support. Hoping we pull through.
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5 points,3 years ago
Why did some huge whale just vote no? What is the reason for not funding Dash Nigeria after all the integrations, promotions, interviews, events (prior to covid19) insane foot work they have done? Why? I really want to know!
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0 points,3 years ago
Yes, it's these sort of things that fuel all the FUD claims "Dash = centralized, voting power lies with a few whales who loaded up on MNs from the instamine". IDK what to believe anymore...
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0 points,3 years ago
I am taking another look at this myself, do you have a breadkown on what the legal opinion will cost? That is something that may be worth pursuing. Hate to see Dash delsited after the work already put in. Even if it hasn't born much fruit yet.
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0 points,3 years ago
Hello agnewpickens,

The legal opinion costs $3,000. We have made a payment of $2,000 remaining a balance of $1,000 which will be paid from our budgetary allocation for Biz Dev.

We didn't add the costs as a new budget line in order to keep our budget low.

Thank you.
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0 points,3 years ago
I don't see it in the budget you posted.
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0 points,3 years ago
And thanks for not keeping the book printing going, that should be something people ask for, if you want to present something to people at a meeting, give them something they are likely to use, I don't the customs in Nigeria, I know you put some effort into writing the book, but it should be a demand item, something nice with the Dash logo on it that is pretty cheap to produce, a pen company can print pens with the logo cheap here in the US.
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1 point,3 years ago
yes from me.
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-3 points,3 years ago
It's a No from me, this is a low value proposal, we would be better spending our money elsewhere or not at all.
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1 point,3 years ago
Thanks for your support qwizzie.
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1 point,3 years ago
Again, you have my support. You are the heart of Dash in Africa (at least in central Africa), and I was sad to see you didn't get funding last month. I hope the MN Community will remember all the work you've accomplished and will vote to support you this month! Good luck!
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0 points,3 years ago
Thanks for your support TanteStefana. We hope to get funded this time around.
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2 points,3 years ago
Voting yes, good luck.
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0 points,3 years ago
Thanks for your support quantumexplorer.
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4 points,3 years ago
Nathaniel has been receptive to feedback and adjusted his proposal to focus on more primary kpis like dash usage as measured through wallet downloads and Nigerian exchange volume on Dash pairs. I believe there to be a strong opportunity in Nigeria especially when it comes to remittances where a Dash based remittance gives more to the receiver (and faster) than competing services like transferwise.
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0 points,3 years ago
Thank you for your feedback and support. We are committed to delivering the best results for the DAO.

We believe so much in the use of Dash for remittances to Nigeria and will be pushing it aggressively in the course of this proposal.
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0 points,3 years ago
Dash use in Nigeria was covered in this article:

“With this growth, Dash has risen to our country’s second most used crypto for remittances according to data compiled by coinprofile.co – a crypto remittance platform in Nigeria. I believe that Dash will play an increasingly important role over the next few years as users become interested in using a crypto with a superior user experience. Dash has solid plans for long-term growth and has so much potential in terms of adoption and use.”

https://gokhshteinmedia.com/article/nigerias-meteoric-rise-as-the-worlds-2-bitcoin-marketplace
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