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Develop an alternative to CoinMarketCap, but with more features, and Dash as the sole sponsor.

Discussion in 'Pre + Budget Proposal Discussions' started by solarguy, Jan 7, 2018.

?

Would you vote Yes to fund a Dash branded alternative to CoinMarketCap for $5k x 6 months?

  1. Yes.

  2. No, because _____________________

  3. Maybe, tell me about ____________________.

Results are only viewable after voting.
  1. RealMrHack

    RealMrHack New Member

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    It depends on the
    circumstances sometimes the half off deal can adversly impact you than you previously had recognized
     
  2. solarguy

    solarguy Active Member

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    In what way?
     
  3. solarguy

    solarguy Active Member

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    Executive summary of ROI math:

    We did the math for 3 scenarios. The worst case scenario is, we only capture 1% of the traffic that CoinMarketCap gets. Under that worst case scenario, Dash makes 12% return per month on their investment and have totally recovered their costs in a little over 8 months.

    The second scenario, we capture 10% of the traffic that CMC gets. Dash makes 192% return on investment, per month (once hitting 10% rate of traffic). So Dash recovers all their investment in 16 days (once we hit 10% traffic) and after that, it's all gravy. In this scenario, Dash saves/makes 1.72 million dollars per year from a $75,000 investment.

    And if we actually meet or exceed CMC's traffic levels, then Dash makes/saves $880,000 per month, or 10.5 million dollars a year on their $75,000 investment.

    So let's not hear about what poor ROI this proposal offers. Or let's hear exactly how the math is wrong.
     
    • Agree Agree x 1
  4. demo

    demo Well-known Member

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    Dash Address:
    XnpT2YQaYpyh7F9twM6EtDMn1TCDCEEgNX
    <vote history of dash forum >
    Would you vote Yes to fund a Dash branded alternative to CoinMarketCap for $5k x 6 months?
    *Yes. 19 vote(s) 86.4%
    No, because _____________________ 2 vote(s) 9.1%
    Maybe, tell me about ____________________. 1 vote(s) 4.5%
    </vote history>


    <vote history of the Masternode owners>
    Proposal “cmc-alternative“
    44 Yes / 244 No / 8 Abstain
    https://dashvotetracker.com/history.php?ProposalID=482
    Next budget payments will occur in 18 days.
    </vote history of Masternode owners>

    In 18 days, when the vote is finished, we will analyze this in mnowatch site.
     
  5. GrandMasterDash

    GrandMasterDash Well-known Member
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    Some thoughts...

    For me, the value in CMC is not so much features, but rather, it offers a "standard measure" of sorts about the state of the market. Many people might say, for example, that Ripple is not worthy of inclusion, but at least when someone references CMC, we all have a shared view of the market. Thus, the hardest part for acceptance is not whether you can get the right features, but how to get into the minds of key social influencers. It's kind of like hearing the Pepsi Top 40; it carries some weight. It doesn't really help that a specific crypto (dash) is getting priority advertising. Compare CMC with coincap.io (owned by ShapeShift). CMC is ranked 106 by Alexa, whereas coincap.io is ranked 14181, which isn't too bad, though I'm sure they've thrown a shitload of money to get there. With this in mind, I consider 1% of CMC market share as entirely realistic.

    Regarding a portfolio manager, I personally wouldn't use it; don't want share that kind of info with anyone. I just use CMC's API to pull price data for my own accounts.

    I'm not saying this isn't doable but I think the choice of features is more about quality than quantity. And dash influence should be there but subtle.

    And I kind of wish someone did a crypto version of the Big Mac Index.

    Finally, I have an idea regarding coin / token listings that I think might work. There is certain info about these crypto projects that we all like to see but, of course, CMC simply gives us a link and we have to go digging for it ourselves. For example, a list of people on the team, upcoming events, roadmaps etc. I propose, to get listed on this site, the coin / token creators must place a standardized text file that describes the entity and places it on their webserver in a predetermined location. For example, a text file listing all team members must go to the path "/coininfo/team/names.txt". Thus, you pull the data, and all your visitors can directly see this info without leaving your site, and you place the responsibility of accurate data with the coin / token creators. Likewise, images of the team members could be placed in the team directory.
     
  6. GrandMasterDash

    GrandMasterDash Well-known Member
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    And I would move the links "Timeline", "Photos" and "Videos" close to the top of the page.. certainly above the chart. In fact, if I want to look at photos, why must I scroll past a chart?
     
  7. GrandMasterDash

    GrandMasterDash Well-known Member
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    The search box needs to be visible on load, not buried in a menu.
     
  8. ICJR

    ICJR New Member

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    @GrandMasterDash

    I am already working on a complete site redesign, the brand and design you see now will be replaced entirely.

    It's funny that you mention the big mac index, someone requested I build a chart to show how many cups of coffee you could buy with each cryptocurrency, making a bunch of variations of this ( big mac index ) may be a a great marketing tool.

    Instead of the .txt file the idea was to ask each team to provide a publicly available json endpoint providing as much info around the coin as possible. I would like to work with them to setup a single standard so anyone can hit the endpoint and receive the data in the same format but it will come down to properly explaining the ROI to each team.

    As for the rest of your concerns we pretty much agree ( search box change, timeline/tabs, working with influencers )
     
    • Agree Agree x 1
  9. GrandMasterDash

    GrandMasterDash Well-known Member
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    I think there's value in the Big Mac / coffee idea. Perhaps a small basket of products would be better?

    Yes, you could use a json format. I was just aiming for simplicity. By all means, publish a standard for others to follow. I think once these coins / tokens see the results, they will happily participate.
     
  10. solarguy

    solarguy Active Member

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    My interview with Craig Mason is live.

    It's also my coming out party. I have never publicly shown my face for Dash before.

    Go vote! We need all the help we can get.
     
    • Like Like x 1
  11. corrorro

    corrorro New Member

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    This sounds like a great idea!
     
  12. GrandMasterDash

    GrandMasterDash Well-known Member
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    The voting is not looking good. But on the plus side, I have voted yes for this because I believe the developer has good intentions and is open to feedback.

    I said this before but I believe the success of CMC is based on the standard measure it provides. With this in mind, I am wondering if it would be useful to provide a menu to various market profiles. For example:
    • Global Mean Average
    • South East Asia Markets
    • Latin America Markets
    • Emerging Markets
    • G20 Markets
    • Big Mac Index (or equivalent)
    • and so on
    I know the plan is for customization but I think market profiles would be more useful and accessible.
     
  13. solarguy

    solarguy Active Member

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    Certainly, the Big Mac index has been discussed. I'm sure ICJR will comment on your list.
     
  14. demo

    demo Well-known Member

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    You may see who voted "YES" and who voted "NO", in the site. You may filter with the keyword cmc-alternative , accordingly.
    At a first glance, there were voters who get used to vote that voted "NO", and not one night stand voters. The same applies to the "YES" voters also.

    I would like to see a new coinmarket cap, for the below reasons:
    I think you should continue your work, regardless what the MNOs said.
     
    #74 demo, Mar 6, 2018
    Last edited: Mar 6, 2018
  15. demo

    demo Well-known Member

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    Dash Address:
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    Here follows a case study, you may discover more case studies if you search carefully in the data.

    You may win 22 votes next time, if you convince the below operator from Lithuania who holds 11 masternodes and voted "NO" for you. He is a new voter, he abstained from voting last year and you can confirm that if you search for his masternodes, in the 2017 dashninja report.

    109.235.65.80
    a8afa95444c6bc3b3edccbae4c580f7d8a776e59052d815b856b7de674c8e506-1
    YES:getfreedash4venezuela Venezuela_2-big-events-in-1-month
    NO:Ben-Swann-Reality-Check-Relaunch cmc-alternative Dashop_IO mrktg-coregroup-032018 strike-country-expansion UK-Fiat-To-Dash-Exchange-And-Marketing
    HASH:765312359176838416912735295216321352421706728110

    212.24.106.111 cfca0c1017ae21f8995fddce03d06d468883e1c058ad79cecc1106028c5bfa16-0
    YES:getfreedash4venezuela Venezuela_2-big-events-in-1-month
    NO:Ben-Swann-Reality-Check-Relaunch cmc-alternative Dashop_IO mrktg-coregroup-032018 strike-country-expansion UK-Fiat-To-Dash-Exchange-And-Marketing
    HASH:765312359176838416912735295216321352421706728110

    185.5.55.191
    c4f1252a0571d520c65f1792911b2faa6eb4da9ec8d663c8cfbb5ac20097ba1d-0
    YES:getfreedash4venezuela Venezuela_2-big-events-in-1-month
    NO:Ben-Swann-Reality-Check-Relaunch cmc-alternative Dashop_IO mrktg-coregroup-032018 strike-country-expansion UK-Fiat-To-Dash-Exchange-And-Marketing
    HASH:765312359176838416912735295216321352421706728110

    212.24.97.69
    e0b1fbe2d005ca75098778605f5f904cf7d2db6f2d763672a3ee15d02cf3cd37-0
    YES:getfreedash4venezuela Venezuela_2-big-events-in-1-month
    NO:Ben-Swann-Reality-Check-Relaunch cmc-alternative Dashop_IO mrktg-coregroup-032018 strike-country-expansion UK-Fiat-To-Dash-Exchange-And-Marketing
    HASH:765312359176838416912735295216321352421706728110

    185.5.55.24
    ba9c6fa0f23f5daf142c10a73c3240f151890bdf67e39eecf9e950d0f5af0c72-0
    YES:getfreedash4venezuela Venezuela_2-big-events-in-1-month
    NO:Ben-Swann-Reality-Check-Relaunch cmc-alternative Dashop_IO mrktg-coregroup-032018 strike-country-expansion UK-Fiat-To-Dash-Exchange-And-Marketing
    HASH:765312359176838416912735295216321352421706728110

    194.135.94.182
    729ed56bc5cb80f6764a40f079c9c95ec432f7e762a80dd36d879a00df715f72-0
    YES:getfreedash4venezuela Venezuela_2-big-events-in-1-month
    NO:Ben-Swann-Reality-Check-Relaunch cmc-alternative Dashop_IO mrktg-coregroup-032018 strike-country-expansion UK-Fiat-To-Dash-Exchange-And-Marketing
    HASH:765312359176838416912735295216321352421706728110

    212.24.107.106
    9ad168db64076d1e8a73db183fab05d1a264dd63cb3c19bf1c0a4438067d2578-0
    YES:getfreedash4venezuela Venezuela_2-big-events-in-1-month
    NO:Ben-Swann-Reality-Check-Relaunch cmc-alternative Dashop_IO mrktg-coregroup-032018 strike-country-expansion UK-Fiat-To-Dash-Exchange-And-Marketing
    HASH:765312359176838416912735295216321352421706728110

    194.135.83.211
    6436ec7b1cc8952ca5d19444c96cb1f73239e1d32f4b471f4fc273c1e6be7781-0
    YES:getfreedash4venezuela Venezuela_2-big-events-in-1-month
    NO:Ben-Swann-Reality-Check-Relaunch cmc-alternative Dashop_IO mrktg-coregroup-032018 strike-country-expansion UK-Fiat-To-Dash-Exchange-And-Marketing
    HASH:765312359176838416912735295216321352421706728110

    194.135.94.129
    85adf3c0196d5b1f1fb770a38f2af6501a9b2cb73f7a6b92f1cc852c60b04899-0
    YES:getfreedash4venezuela Venezuela_2-big-events-in-1-month
    NO:Ben-Swann-Reality-Check-Relaunch cmc-alternative Dashop_IO mrktg-coregroup-032018 strike-country-expansion UK-Fiat-To-Dash-Exchange-And-Marketing
    HASH:765312359176838416912735295216321352421706728110

    212.24.104.60
    601e36f2a4227e906a5c45cdb8b44e57f92da9c1826a72fb9b8c9b242f3c95ef-0
    YES:getfreedash4venezuela Venezuela_2-big-events-in-1-month
    NO:Ben-Swann-Reality-Check-Relaunch cmc-alternative Dashop_IO mrktg-coregroup-032018 strike-country-expansion UK-Fiat-To-Dash-Exchange-And-Marketing
    HASH:765312359176838416912735295216321352421706728110

    212.24.100.254
    01110b37b9a13e4f01cd7b69e05755a572c1bf4e7e7db936db39020a4f2eedff-1
    YES:getfreedash4venezuela Venezuela_2-big-events-in-1-month
    NO:Ben-Swann-Reality-Check-Relaunch cmc-alternative Dashop_IO mrktg-coregroup-032018 strike-country-expansion UK-Fiat-To-Dash-Exchange-And-Marketing
    HASH:765312359176838416912735295216321352421706728110
     
    #75 demo, Mar 6, 2018
    Last edited: Mar 6, 2018
  16. andrade92

    andrade92 Member

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    That's a great idea since CMC has the monopoly and there should be another beacuse CMC is mostly outdated.
     
  17. Critical Input

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    I agree. The first thing I look at on CMC is the overall MC. (this is the MOST IMPORTANT aspect)
    I voted YES for Solarguy's proposal. Was disappointed it did not pass.
     
  18. solarguy

    solarguy Active Member

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    I appreciate the support. Of course, I was disappointed that it didn't pass. What was so surprising was that it got so many no votes after such an overwhelmingly positive pre-proposal discussion. It will make an interesting case study, so the effort is not entirely wasted. And, we're not dropping the project. it will just take a while to develop significant traffic without much in the way of paid marketing.
     
    • Like Like x 2
  19. cryptozink

    cryptozink New Member

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  20. camosoul

    camosoul Grizzled Member

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    No. Absolutey no.

    Coinmarketcap already exists.

    What DASH should do is stop being a bunch of do-nothing sissies afraid of winning, and dominate the market with it's features and capacity to be real cryptoCURRENCY where nothing else is fit for the real-world use case.

    You can't make it on the real coinmarketcap, so you're going to hide in the corner and wank it with failure as the lube?

    I'm sooo impressed...

    This is admitting that DASH is useless and it's leadership is impotent. While I'm sadly forced by facts and reality to agree with that assessment, I don't want to advertise it...
     

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