Proposal description
Overview
Interactive Mockup: https://projects.invisionapp.com/share/GNVAYP13AJ7#/screens/398190812
Smart Valor verification: https://twitter.com/smartvalorinc/status/1207288220813287425
Dash Staking
Users
Latam, Southeast Asia
SMART VALOR
SMART VALOR is a long term partner of Dash, investing a significant amount of effort and funds to promote the adoption of Dash.
Current projects:
Minimum deposit
Smart Valor is removing the 1 Dash minimum deposit
Withdrawal times
Smart Valor is enabling instant withdrawals for Dash Staking
User ROI
Smart Valor offers ~5.2% interest(1) on Dash staked on their platform via Dash Staking
How is this open source?
Funding and Roadmap
Overview
Funding - The network will distribute the funds to Smart Valor's wallet, who will pay DashUp for their consulting/development services for the open source Dash Staking app (Masternode Staking Marketplace).
Smart Valor will spend their own design and engineering resources on this open source app and host the endpoint, making it available to other providers as well until DCG decides to merge it into the official wallet.
Usage of Funds
One month for prototype showcasing Dash Staking core features integrated into the open source Dashpay wallet and beta testing with first users. The next proposal will include the launch of the first user ready version.
Dash Value
If DASH appreciates, additional funds will be applied to supporting the project. If DASH depreciates, an additional proposal will be made to cover the value difference.
Deliverables (188.24 DASH)
Future Roadmap
Feedback
We will continue to listen to ongoing feedback post funding to ensure we're crafting the best possible solution.
TeamDashUp
Adam and dashameter are passionate in advancing technology that makes financial freedom accessible to everyone, and are committed to sharing open source software.
Adam Hurwitz, Android Dev - Prior to working on Coinverse for the last year, the first crypto news app for audiocasts, Adam was part of the Android team at eBay and worked on Mobile Ad Partnerships at Google. Outside of tech. Adam enjoys tasting coffee from around the world, exploring health/wellness, and traveling. Feel free to check out his code on GitHub.
Dashameter, Full-Stack Dev - Crypto and Android developer experienced in Bitcoin, Dash and an array of backend technologies.
Smart ValorSMART VALOR is a secure investment platform offering easy buy and sell of cryptocurrencies like Bitcoin, Ethereum, Dash and more. Located in the head of the Crypto Valley the company is supported by some of the most well known investors in the traditional and crypto space. SMART VALOR is also supported by the Swiss government by being one of the first blockchain startups being part of the Innosuisse program.
Olga Feldmeier, CEO
Referred to as ‘Bitcoin Queen’ of Switzerland by media72, Olga is a visionary entrepreneur who focuses on the intersection of banking and blockchain technology. She was formerly Commercial Managing Partner at Xapo, one of the largest Bitcoin custodians, where she enabled the first Bitcoin license in Switzerland. Prior to Xapo she served as Executive Director at Wealth Management Division of UBS (Switzerland) in charge of distribution in Central and Eastern Europe. Olga started her career in 2004 at the Boston Consulting Group (Germany) moving into investment banking at Barclay Capital in London.
Olga is an acknowledged entrepreneur and global influencer nominated as 100 digital shapers of Switzerland, top 10 female blockchain influencers, top 100 power women in fintech, etc.
Thomas Felber, Co-Founder/CTO
Thomas has over 12 years of experience building custom software products and solutions for multiple industries. He is the Co-founder and Head of IT at BeeZero – the Linde Group’s hydrogen-powered car-sharing initiative (Germany). Thomas was formerly the Co-founder and Managing Partner of software development and IT consultancy Tekaris (Germany) and a Senior IT Consultant for enterprise application integration in multiple industries.
Oliver Feldmeier, COO
Oliver is an expert in delivery of the complex IT projects. He has a strong background in managing large scale technology projects in the financial sector. Previous roles include Founder and Managing Director of Verto Advisory (Switzerland) and Technology Advisor at Capgemini (Germany). He holds an MBA from EGADE, Tec de Monterrey, Mexico and a Masters Degree from Reutlingen University, Germany.
Ivan Anastassov, Head of Investor Relations
Ivan has 8 years of startup experience in the FinTech, SaaS and Blockchain space. In the Blockchain space Ivan worked in one of the top IT consulting companies in the world, Bearing Point, where he was consulting banks and financial institutions on how to adapt first Blockchain use cases. Next to that Ivan was involved in the development of an ETH mining farm in Bulgaria. He is responsible for Business Development, Investor Relations and Global Key Partnerships.
Victor von Wachter, Product Owner and Blockchain Engineer
Victor von Wachter is product owner and blockchain engineer at the Swiss Smart Valor Digital Asset Exchange. His fields of interest are primarily blockchain protocols, STOs, and DeFi at the intersect of business, technology and data. His research at the Technical University Munich contributed to the delopment of the ERC1400 and ERC1410 Security Token Standard.
Marek Sledzinski, Tech Lead Consultant
Experienced Lead Architect with a demonstrated history of working in the computer software industry. Designed, developed and delivered projects using different technologies. Skilled with Java, Spring, .Net, NodeJs and Solidity. Interested in distributed systems, especially blockchain.
(1) This is based on a staking reward of 6,52%. SMART VALOR charges 20% of the mining staking profit through the Dash Staking integration.
Smart Valor verification: https://twitter.com/smartvalorinc/status/1207288220813287425
Dash Staking
- Enables one-click access to earn Dash Masternode rewards through a marketplace of staking providers
- Smart Valor is partnering with DashUp to build the proof-of-concept for an open source staking marketplace in an android wallet.
- This wallet platform allows for seamless Dash “staking” and masternode staking earning in one-click.
- Future versions will include additional partners we're currently collaborating with including CrowdNode and Celsius.
- Incentivize 'hodling' Dash with in-wallet staking earning
- Generate buy pressure by directly purchasing Dash in the Wallet with Credit Card and Wire transfers enabled by Smart Valor, available in future version
- Smart Valor is the premier partner, publishing the Dash Staking app on the Google Play store.
- DashUp is developing the open source Masternode service marketplace Android code as developers.
- DCG will have the opportunity to review and merge into the core wallet if desired.
Users
Latam, Southeast Asia
- No computer to sign up on traditional website
- Small amounts of Dash held
- Less competitive interest rates via local banking institutions
- Improved store of value in countries with destabilized currency
SMART VALOR
SMART VALOR is a long term partner of Dash, investing a significant amount of effort and funds to promote the adoption of Dash.
Current projects:
- Deposit bonus of Dash. If someone buys Dash on SMART VALOR he/she gets 5% more as deposit bonus. This lead to a significant awareness of Dash. On the SMART VALOR exchange Dash is the second most purchased coin after Bitcoin (before ETH, XLM, BCH, etc.). This was mainly sponsored by SMART VALOR and only partially by Dash Core Group (1000 USD worth of Dash).
- SMART VALOR did an educational session at one of the biggest universities in Switzerland. People got free Dash to do their first purchase at the student bar. The distribution of free Dash was mainly sponsored by SMART VALOR and partially by Dash Core Group (500 USD worth Dash).
- SMART VALOR integrated in collaboration with Anypay a payment gateway at the university bar and created all the marketing around it. Students got their money back for their first two purchases with Dash at the university bar.
- SMART VALOR and Western Union is working together with Dash Thailand on supporting the fiat off-ramps in Thailand. So now more merchants which do not want to hold Cryptocurrencies now can offer Dash Payment Gateways.
- SMART VALOR together with Dash Thailand is working on a proposal for the German Government to fund the implementation to integrate payment gateways within the region of Sachsen
- SMART VALOR is inviting Dash Core Group/Dash Embassy c-level members on a regular basis to different SMART VALOR events to speak and present themselves for free. E.G. Crypto Summit (biggest Blockchain conference in Switzerland), Crypto Summit World Tour (sponsored side events at big conferences like Websummit by SMART VALOR) and even other meetups and events like the SMART VALOR launch event.
Minimum deposit
Smart Valor is removing the 1 Dash minimum deposit
Withdrawal times
Smart Valor is enabling instant withdrawals for Dash Staking
User ROI
Smart Valor offers ~5.2% interest(1) on Dash staked on their platform via Dash Staking
How is this open source?
- The Dash Staking app will be published open source on Github and is available for contributions and cloning/forking.
- For the demonstration app, DashUp will submit the working prototype under Smart Valor's Google Play account.
- The app will include an open feature for developers to access the marketplace of available Masternode staking providers.
Funding and Roadmap
Overview
Funding - The network will distribute the funds to Smart Valor's wallet, who will pay DashUp for their consulting/development services for the open source Dash Staking app (Masternode Staking Marketplace).
Smart Valor will spend their own design and engineering resources on this open source app and host the endpoint, making it available to other providers as well until DCG decides to merge it into the official wallet.
Usage of Funds
- Two full-time software engineers, 188.24 DASH ($8000 USD at $42.5 per Dash)
- Proposal fee, 5 DASH
One month for prototype showcasing Dash Staking core features integrated into the open source Dashpay wallet and beta testing with first users. The next proposal will include the launch of the first user ready version.
Dash Value
If DASH appreciates, additional funds will be applied to supporting the project. If DASH depreciates, an additional proposal will be made to cover the value difference.
Deliverables (188.24 DASH)
- Non-custodial/un-hosted Dash wallet based on a fork of the Android Dashpay repository.
- Easy way to set up a dash earning account on the Smart Valor Platform - leveraging existing sign-up process currently available under https://uat-valor.com/en/auth/signup
- A specific landing page providing the proper context for dash up will show up
- Streamlined onboarding experience for dashup, based on sign-up context.
- The app is planned to list/enable in long-term also other marketplace operators
- Marketplace operator needs ensure to have proper KYC/AML in place.
- Integrate forked wallet with premier marketplace operator (v1 - Smart Valor only) (Via JWT or openId 2)
- Stake DASH from DASH wallet into marketplace staking account.
- Unstake DASH from marketplace staking account to a Dashpay wallet address.
- DashUp will maintain DASH staking for the life of the app to ensure it's compatible with the most recent Dash blockchain protocol.
Future Roadmap
- A simple way of buying DASH on the marketplace through the native UI for wire transfers. (As far as regulation allows credit card will be added as well)
- Easy way to withdraw DASH to a bank account. This account should be whitelisted within the marketplace user account.
- Choose from additional staking providers like Crowdnode and Celsius
- View advanced analytics on staking
- Tools for planning and calculating potential staking
- Tax tools for exporting transactions
- Offer fractional voting on proposals from the Android wallet
- An iOS version written in Swift
Feedback
We will continue to listen to ongoing feedback post funding to ensure we're crafting the best possible solution.
- Users - Hold feedback and test sessions in different regions
- Masternodes, DashWatch - Communicate progress and latest developments via Discord, Twitter, and ReddIt
TeamDashUp
Adam and dashameter are passionate in advancing technology that makes financial freedom accessible to everyone, and are committed to sharing open source software.
Adam Hurwitz, Android Dev - Prior to working on Coinverse for the last year, the first crypto news app for audiocasts, Adam was part of the Android team at eBay and worked on Mobile Ad Partnerships at Google. Outside of tech. Adam enjoys tasting coffee from around the world, exploring health/wellness, and traveling. Feel free to check out his code on GitHub.
Dashameter, Full-Stack Dev - Crypto and Android developer experienced in Bitcoin, Dash and an array of backend technologies.
Smart ValorSMART VALOR is a secure investment platform offering easy buy and sell of cryptocurrencies like Bitcoin, Ethereum, Dash and more. Located in the head of the Crypto Valley the company is supported by some of the most well known investors in the traditional and crypto space. SMART VALOR is also supported by the Swiss government by being one of the first blockchain startups being part of the Innosuisse program.
Olga Feldmeier, CEO
Referred to as ‘Bitcoin Queen’ of Switzerland by media72, Olga is a visionary entrepreneur who focuses on the intersection of banking and blockchain technology. She was formerly Commercial Managing Partner at Xapo, one of the largest Bitcoin custodians, where she enabled the first Bitcoin license in Switzerland. Prior to Xapo she served as Executive Director at Wealth Management Division of UBS (Switzerland) in charge of distribution in Central and Eastern Europe. Olga started her career in 2004 at the Boston Consulting Group (Germany) moving into investment banking at Barclay Capital in London.
Olga is an acknowledged entrepreneur and global influencer nominated as 100 digital shapers of Switzerland, top 10 female blockchain influencers, top 100 power women in fintech, etc.
Thomas Felber, Co-Founder/CTO
Thomas has over 12 years of experience building custom software products and solutions for multiple industries. He is the Co-founder and Head of IT at BeeZero – the Linde Group’s hydrogen-powered car-sharing initiative (Germany). Thomas was formerly the Co-founder and Managing Partner of software development and IT consultancy Tekaris (Germany) and a Senior IT Consultant for enterprise application integration in multiple industries.
Oliver Feldmeier, COO
Oliver is an expert in delivery of the complex IT projects. He has a strong background in managing large scale technology projects in the financial sector. Previous roles include Founder and Managing Director of Verto Advisory (Switzerland) and Technology Advisor at Capgemini (Germany). He holds an MBA from EGADE, Tec de Monterrey, Mexico and a Masters Degree from Reutlingen University, Germany.
Ivan Anastassov, Head of Investor Relations
Ivan has 8 years of startup experience in the FinTech, SaaS and Blockchain space. In the Blockchain space Ivan worked in one of the top IT consulting companies in the world, Bearing Point, where he was consulting banks and financial institutions on how to adapt first Blockchain use cases. Next to that Ivan was involved in the development of an ETH mining farm in Bulgaria. He is responsible for Business Development, Investor Relations and Global Key Partnerships.
Victor von Wachter, Product Owner and Blockchain Engineer
Victor von Wachter is product owner and blockchain engineer at the Swiss Smart Valor Digital Asset Exchange. His fields of interest are primarily blockchain protocols, STOs, and DeFi at the intersect of business, technology and data. His research at the Technical University Munich contributed to the delopment of the ERC1400 and ERC1410 Security Token Standard.
Marek Sledzinski, Tech Lead Consultant
Experienced Lead Architect with a demonstrated history of working in the computer software industry. Designed, developed and delivered projects using different technologies. Skilled with Java, Spring, .Net, NodeJs and Solidity. Interested in distributed systems, especially blockchain.
(1) This is based on a staking reward of 6,52%. SMART VALOR charges 20% of the mining staking profit through the Dash Staking integration.
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Discussion: Should we fund this proposal?
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I am truly sorry that you guys don't seem to be accumulating the votes to get funded, you would be a great asset to Dash and this is a great idea that I would really like to see funded.
We get two highly motivated and competent developers and a nice open source app that multiple DAO partners can use and the advertising and marketing by the Smart Valor team who already do and will promote Dash to their audience as a top tier coin for free on top for a price you would normally not even get half a dev for in the western hemisphere.
Not sure what's not to like about that.
Please make that proposal pass folks.
Just having such funds on a mobile wallet screams irresponsibility IMO, sorry, I have to vote no :(
For once that we have an external player interested in cooperating with the DAO and also promoting Dash doing so, I'd be cool if we did not reject them, imho.
I would like the DIF involved in vetting the merits of the proposal, and also in examining any potential legal issues. If this is really worthwhile, we should execute a legal agreement between the DIF and SmartValor.
Unfortunately, with Dash under $50, we can't fund things simply because they seem like a good idea, and because there are people who are excited to do it.
I want a legal agreement and to have the DIF pay for it, or else use the DIF as an escrow agent for a treasury proposal.
I don't see how additional, fractionally-owned masternodes helps Dash at all.
To OP :
[quote]Smart Valor offers ~5.2% interest(1) on Dash staked on their platform via Dash Staking[/quote]
* what will be the conditions of Smart Valor for users to be able to stake that percentage ? (specifically how long do users need to keep their Dash, before getting staking rewards?)
To Dash Core Group :
* What is DCG stance on integrating the Smart Valor staking features into the official Dash Core wallet,
and how does this proposal relate to our more recent Dash staking discussions ?
* Will DCG verify Smart Valor open source app ? (a third party needs to verify their github rep and rather want it to be DCG)
We believe the Dash Staking app is a great example of this as we have been collaborating with multiple Dash Staking service providers who are excited to build this marketplace together.
"The next proposal will include the launch of the first user ready version."
How much will you be asking for in the next proposal?
Will that proposal complete everything listed under "Deliverables"?
What will be the ask for the items promised under "Future Roadmap"?
"DashUp will maintain DASH staking for the life of the app to ensure it's compatible with the most recent Dash blockchain protocol."
Will there be a contract with the DIF to enforce this promise?
Will there be a contract with the DIF to enforce all other promises listed in this proposal.
Considering the Dash price is in the same ballpark the next proposal will be a similar developer salary at ~40% of the industry rate.
> Will that proposal complete everything listed under "Deliverables"?
Yes, the next proposal will be tested and ready for production.
> What will be the ask for the items promised under "Future Roadmap"?
We will prioritize and implement these features on a rolling basis after the first version is live. The proposal amounts will cover the same number of resources, two full-time developers. We'll adjust the price according to the current price of the Dash market.
> Will there be a contract with the DIF to enforce this promise?
Will there be a contract with the DIF to enforce all other promises listed in this proposal.
We've already begun talking with the DIF, and are happy to work with them moving forward. Their main feedback is to build + launch first to prove product market fit.
Thanks!
Tezos has jumped manifold because many exchanges have implemented staking for and for the budget asked it is a good proposal to fund.
A much better bet than all the failed Dash embassy garbage proposals selling "meetups", "youtube videos" and "merchant adoption".
Thanks
Voting No for now
The mockups are of the unified Dashpay design which will be launched by DCG soon.
Only tiny amounts should be held on Android phones, and same probably is true for Apple as well.
The Android and iOS wallets released by DCG are open source and can be inspected on github for Google spyware etc.