Project Evaluation Committee - Evaluation for proposal
PROPOSAL “BUSINESS_INTEGRATION_INTO_RETAIL_SECTOR“ (ACTIVE)
: I am a normal forum member, and I am not (as yet) part of any (as yet non-existent) PEC. However, I thought it would be helpful to post an evaluation of sorts for this proposal, the scope of which falls under my area of expertise.
This is to demonstrate how a proposal might get some feedback and assessment from someone who has at least some experience in the proposal area. It is very simple, as I don’t have the necessary time to dedicate to a full examination.
(I won’t quote the entire proposal, but I will break this down into my simple understanding what it appears the proposers hope to achieve)
- The Ukrainian public will be able to use DASH to pay electronically at many outlets for goods and services that are processed using Point of Sale terminals provided by Profit Solutions
, initially within the restaurant sector.
About USD 25,000 (255 DASH)
After looking over the proposal and reading the questions posed and the responses from the proposers I offer the following opinion;
' looks like a real company providing POS terminals.
Dimitry Baimuratov (dmitrybtc) appears to be a real guy, and is a likely genuine cryptocurrency enthusiast.
HoReCa (Restaurant sector) is a good first vertical for integration of DASH POS
No independently verifiable or documentary indication that the proposers have met or have an agreement with anyone.
The exchange site that the proposers ‘run' (fork.sale
) "that will be used as a fiat gateway for our local currency” purports to exchange Paypal USD to Bitcoin, but doesn’t work. (I was unable to complete a transaction). It also doesn’t support DASH (coming soon!).
for a video walkthrough of the site not working.
No documentary evidence of an API that might be used in the $10 000 integration into 'Profit Solutions’
@dmitrybtc has a previous proposal supported and concerns have been raise as to its fulfilment by @alex-ru
Too many unclear details and unanswered questions to be able to recommend this proposal for consideration.
I would not be confident that the proposer could deliver in the timeframe specified in line with the proposal as it stands.
Proposal Initial Remediation steps required for re-evaluation
Documentary evidence of any pertinent agreements with Profit Solutions or any interested Merchants is required.
DASH integration into the exchange fork.sale that will be used as the vehicle for fiat > DASH exchange needs to be completed and verified as working.
Clarity on the contractual entity that will sign an agreement with 'Profit Solutions’ is required.
Clarity on the content of any pertinent commercial agreements relating to the proposal is required.
Once these initial verifications have been provided, another evaluation will commence.
Opinion Based commentary
(This section is my opinion as a Payments professional
I am the stakeholder and ultimate decision maker in charge of payments integrations for 40-ish eCommerce websites generating €25m+ a month in transactions, and I can't justify the €4000 that it would cost us to integrate DASH at this stage in the coin lifecycle. Bitcoin is very much more developed and I can't justify the €4000 for that either (well I probably could, but I have better (=more profitable) systems on the roadmap at the moment).
If I did integrate, and I used established API integrations from an established company in the space (like Cubits
), it would take at least 3 months before go-live (roadmap insertion, technical investigation, prioritisation, integration, QA testing, troubleshooting etc.), as payments is a serious business, and it has to be fully tested before it goes live. And I wouldn't expect to get 1% of transaction uplift in the first 6 months, or even year.
The average salary in Ukraine is about $250 a month (Source
) and for a developer lets go crazy and call it $3500 a month (Source Source
). $10k for an integration is expensive in this environment. $25k for this project, given the expected real-world impact for the DASH community is expensive.
I am happy for the proposers to respond, and even reach out if they need advice with their proposal.