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
Redacted
Show full description ...
Discussion: Should we fund this proposal?
Submit comment
No comments so far?
Be the first to start the discussion! |
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.
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
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.
https://news.bitcoin.com/central-bank-of-nigeria-orders-banks-to-close-accounts-of-crypto-clients-as-remittances-via-traditional-corridors-drop-by-97/
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.
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
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?
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.
Nigeria’s first micro-investing platform, Trove, adds Dash
https://techcabal.com/2021/01/26/nigerias-first-micro-investing-platform-trove-adds-cryptocurrency-trading/
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
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.
I'd just like to understand your thought process, I promise it won't turn into an argument.
196 No votes and not a single explanation why, except that one-liner from lysergic below calling it "low value" without any elaboration.
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
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.
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.
“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