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Opening OTC Trading To Community

Discussion in 'General Discussion' started by eduffield, Sep 18, 2015.

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  1. eduffield

    eduffield Core Developer

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    Hello Everyone

    We're making great progress with PR and our marketing team was looking for other OTC buyers. If you're interested in getting some extra Dash and helping out at the same time, this is a great way to do it. Contact [email protected] if you're interested.

    If you're not interested right now, but you might be in the future please also email [email protected] and he will add you to the mailing list. This is going to be the ongoing way expenses are paid for to promote dash.

    Thanks!

    How does it work? If you want coins, we will exchange Dash for Fiat or Dash for BTC. Then we will use the fiat or BTC to pay for expenses within the project.

    What is the benefit? The benefit to the project is that we get to spend money on things that expand our reach to possible new users and spend money on other important things like a new website, pr budget, etc. The benefit to you is, you can get many more coins at the current price, then what are available on any exchange. So you can get into a Dash position much easier/cheaper than would otherwise be possible.

    Edit: The marketing team is going to take Fiat and BTC, but we're not going to have anyone pay expenses directly.
     
    #1 eduffield, Sep 18, 2015
    Last edited by a moderator: Sep 18, 2015
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  2. TaoOfSatoshi

    TaoOfSatoshi Grizzled Member

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    Great initiative. I wish I had more money right now...:)

    This information has been added to my DMs in the Dash Twitter PR Initiative.
     
    #2 TaoOfSatoshi, Sep 18, 2015
    Last edited by a moderator: Sep 18, 2015
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  3. balu

    balu Well-known Member
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    Minotaur , could you please elaborate on what kind of expenses are to be reimbursed? Is there any cap for an individual expense? Is providing an invoice a must?
     
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  4. raganius

    raganius cryptoPag.com
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    Great to hear that. This is a fair way to incentivise users's commitments in the necessary efforts around the world.

    In this case, I believe I am eligible to submit my expenses for the "DASH on the Aquidabã Tennis Open" campaign, which specific amounts were made public to the community at dashtalk.org/threads/dash-on-the-aquidaba-tennis-open.5424, as I have not been able to receive this reimbursement directly from the community, neither through my first attempt with the contribution address XqmYyTcrxhe9FvmdAvZ3u15NVeLZqfqT8W, nor with my follwing attempt with the offer for the selling of the remaining caps.

    Instead of simply sending an e-mail, I prefer to also submit it here, allowing for a fair public knowledge and openness to considerations from the community on this reimbursement request.

    I request here that the community approves the reimbursement of 257.68166089 DASH, that have been used to cover the necessary expenses with the DASH on the Aquidabã Tennis Open campaign, in accordance with the following

    Expense Details

    TOTAL BRL 2,234.10 = 257.68166089 DASH (DASH-BRL price "8.67" according to DASHnegocios.com)


    - Printed Material: BRL 509.00
    • 1000 flyers: BRL 210.00
    • 01 Banner (175cm x 40cm): BRL 49.00
    • 02 Banners (80cm x 60cm): BRL 70.00
    • 500 Cards: BRL 180.00
    [​IMG]


    - The T-Shirts costs were shared with all the other sponsors. I have contributed with BRL 200.00;

    - The Cap: BRL 1,525.10;
    [​IMG]

    The reimbursement payment can be directed to the original contribution address for the campaign, at XqmYyTcrxhe9FvmdAvZ3u15NVeLZqfqT8W.

    Thank you.

    Ivan Liborio
    Raganius


    * More on the DASH on the Aquidabã Tennis Open at:

    Thank you.
     
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  5. Minotaur

    Minotaur Well-known Member
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    We are not reimbursing invoices from the community on this program, we have a series of official commitments to third party service providers we need to pay, all Evan was doing is describing a potential mechanism that could be used to do an OTC trade. For the most part we will be simply selling coins OTC to fund the commitments we have acquired.

    For community activities the best route would simply be to submit a proposal to the budget system. This is simply an OTC market to buy DASH.
     
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  6. balu

    balu Well-known Member
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    Ah ok, thanks for clarifying this. Apparently I misinterpreted what Evan had written.
     
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  7. eduffield

    eduffield Core Developer

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    My original message was quite unclear and I've edited it to make it easier to understand. The idea here is we've received earmarked Dash for a marketing/pr program that our team has outstanding expenses for already and we're looking for buyers for those expenses. Sorry for the confusion!
     
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  8. jpr

    jpr Active Member

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    I understand this OTC is for buying only?

    edit:// who is daniel?
     
  9. eduffield

    eduffield Core Developer

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    Yes

    He's Minotaur on the forums
     
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  10. Lebubar

    Lebubar Active Member

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    Hi,
    If I can buy DASH and pay $ with Paypal I'm in.
    May be for a Max of ~400$/month.
    But it'll also depend on DASH price of course.
     
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  11. raganius

    raganius cryptoPag.com
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    Thank you for the clarification. I am sorry that I have misinterpreted it.

    Thank you. I will submit this proposal for the community approval.

    Edit. I am also interested in buying DASH OTC periodically. I'll send an e-mail in this regard.
     
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  12. Minotaur

    Minotaur Well-known Member
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    Hi we have received several inquiries, please allow us a couple of days to organize, I will respond to everyone just need a little time.
     
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  13. raganius

    raganius cryptoPag.com
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    Proposal submited. Please vote

    mnbudget vote a64c67c6d3cc6588fe8fe3c20c2ac1033296db9bf6eb2e1f1254b4b89bc8d765 yes​

    ;)
     
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  14. crowning

    crowning Well-known Member

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    What's OTC?
     
  15. jpr

    jpr Active Member

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    YOu mean the meaning? Off the counter?
     
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  16. TaoOfSatoshi

    TaoOfSatoshi Grizzled Member

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    Off the chain? Off the chart?
     
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  17. Minotaur

    Minotaur Well-known Member
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    Over The Counter
     
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  18. Minotaur

    Minotaur Well-known Member
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    One last thing, just clarifying as people were asking on email. We do not intend to become a real market, coin availability is limited to the expenses that need to be paid each month.
     
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  19. meekee

    meekee Active Member
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    I'm happy to get involved, keep me posted if i can be of any assistance.
     
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  20. ZecaPagodinho

    ZecaPagodinho New Member

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    I would like to contribute to BRL $ 1,000 (month), and report, I have some contacts with Some video publishers in Brazil. =)
     
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  21. raganius

    raganius cryptoPag.com
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    It's great to have a new friend from Brazil in the DASH community! Bem vindo!
     
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  22. tuppydog

    tuppydog Member

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    Dash Address:
    XhyHv1cs4T54kD1HXVY7kYZMqo2Kg8hWu4
    I am interested, work at a huge corporation in usa, thanks...!
     
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  23. mastermined

    mastermined Active Member

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    i tried to send an email friday but have not heard back. are there dash available to trade right now?
     
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  24. Minotaur

    Minotaur Well-known Member
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    Hi I tried to reply to all the emails may have missed yours. Could you resend it? Sorry I was picking up my wife from the airport today and was going to continue with this tomorrow.
     
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  25. Minotaur

    Minotaur Well-known Member
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  26. fible1

    fible1 Well-known Member
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    Minotaur Would it be possible to give Dash to the OTC team on consignment, have them sell it, take a fee, and return a USD wire? That would really add liquidity, wouldn't it?

    Pablo.
     
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  27. loktrrr

    loktrrr New Member

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    Just checking in - is there sufficient buying interest to keep the team from having to sell coins on the open market? Would other proposals be able to use this OTC mechanism at all?

    Thank you!
     
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  28. mastermined

    mastermined Active Member

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    check your email again. new request sent.
     
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  29. acidburn

    acidburn Active Member

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    any coins going?
     
  30. methusaleh

    methusaleh Member

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    So is this otc offer still happening??
     
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