Group Investment Opportunity: DASH (DarkCoin) Masternode ???

In their initial post they called it Dashcoin, I corrected them on that. I also registered to the forums to keep an eye on it and see if it's legit. here's a response from the dude Astro who is running it.

Glad to hear you say that, we weren't actually sure how the DASH community would respond to the project, but we felt we were supporting the coin (err....network, sorry).

We're also hoping this is a fun way to let people have a stake in DASH and learn about the Masternodes at least a little bit through participation
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Also another quote from him with some personal info
In short, yes, the GH method is what we are modeled after. The Masternode address will be public, so people will be able to verify the accuracy of payouts. There will also be the transparency of colored coins for holders, so everyone can verify that we are not issuing more assets than we have the backing for (a crucial problem with cloud mining services).

There are limitations to the PoE, however, because as far as I have been able to research, there is no colored coin implementation for DASH, so there are a few steps that do not appear on the blockchain. The first one is the initial sale, which we wanted to do on coinprism, but the variance between BTC/DASH over the last few weeks made that impossible, so I had to accept DASH directly.

The second limitation is the exchanging of the DASH into btc to generate the dividends. Since we are issuing the dividends in btc because of the colored coins, they must be exchanged, and I don't have a "transparent" method to do that aside from providing detailed records.

In terms of escrow, the coins have to be held in a wallet which is (indirectly) linked to the Masternode, and accessible for payouts, so I'm not sure what definition of "escrow" can be achieved. There would certainly be instant recognition if the coins were removed as the MN would cease to function and would be de-listed as aMN. If anyone has suggestions, I would be more than happy to hear them out, but the only one I have ever come up with would be having a trusted member hold the wallet. The issue there is that specific user would then have to be involved in updates, troubleshooting if a MN went down, any additional node launches, and weekly payouts.

As for who I am, to most I'm a "random person on the internet" I suppose. My identity is not a closely guarded secret, and can be found via some googling using information on different forums. @quigley (as well as a few others) knows my full identity given other projects I've worked with them on, and I'm quite confident he would promptly produce that information if something were to happen. I also have no issue with disclosing that information to any "trusted members" as would be necessary to achieve some peace of mind. I'm not overly concerned with privacy, but just posting your information around the internet is never a good idea, so I'll decline to put that information here
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And his latest update 4 days ago
Just to update: There are currently 362 MNX left un-sold.

I know at least a few people are planning to purchase some after payouts from various mining services (including Cloudminr on Sunday) so we are nearing the point where a few larger buy-ins could get us up and running.

I still have around 100 DASH in my personal holdings which can be used to close the gap if we reach that point, and a few other people have also talked about the possibility of increasing their holdings to close the gap.

TL;DR: we're closer, but not there yet
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Anyways in my personal opinion it seems legit. Astro seems legit. I will continue to keep an eye on the thread to see what outcome there is.
 
In their initial post they called it Dashcoin, I corrected them on that. I also registered to the forums to keep an eye on it and see if it's legit. here's a response from the dude Astro who is running it.



Also another quote from him with some personal info


And his latest update 4 days ago


Anyways in my personal opinion it seems legit. Astro seems legit. I will continue to keep an eye on the thread to see what outcome there is.
Thanks for doing research and keeping an eye on them!
 
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