[Pre-Proposal] Bit-By-Bit: Building Futures


New Member
Jul 30, 2017

Building Futures

About Me:
My name is August Domanchuk. I am a Computer Engineering student at Iowa State University pursuing a minor in Business. If you've been keeping up in the Slack channel or Dash Force News, you might know me as one of the students who fundraised his trip to London for the Dash Conference.


Bit-By-Bit formed as a GoFundMe program that I created in February 2017. The goal of the program was to provide Computer Science Education for underrepresented and financially-challenged youth in elementary school. Bit-By-Bit grew into an organization that identified local High School students as mentors who volunteered their after-school time to run STEM-related classes for kids in the community. The program was called STEM Tech Tutors (STT). The group generated a lot of positive momentum, including articles in several news sources and video documentaries. The project was a great success for the whole community, but lacked the financial support to continue its mission.

Our Mission Statement:

The vision of the Bit-By-Bit foundation is to bring together communities for the purpose of providing extracurricular STEM activities in the community in a meaningful way which begins at the earliest grade levels and continues through high school. By establishing a presence within the community and within the school system, we can establish a strong network of students who are willing to mentor younger students on a wide range of topics, which augment and enhance the ongoing STEM programs in public schools.

Our Plan:

  • Introduce Dash into a wider market by paying workers directly with Dash (Dash/Hr)
  • Teach basic concepts of cryptocurrency to students, parents, and community members.
  • Raise awareness for Dash by awarding small amounts to attendees at the end of classes
  • Expand our program to multiple communities across the US, including Ames, Iowa, Kalamazoo, Michigan and La Grange Illinois.
  • Host community events, such as coding competitions, robotics competitions, and hackathons with amounts of Dash as prizes

Bit-By-Bit: Dash Distribution Plan

Mentorship Program:

The Mentorship Program consists of older students leading classes and discussions for younger students to establish skills in the STEM field.

Operating Costs
• Facility Costs
• Web Hosting and Maintenance
• Human Resources Outsourcing (Attorneys, Insurance, Staff Training, Consultants)
• Marketing/Advertising
• Miscellaneous costs (One-time-fees, domains, graphic designers)

Costs: 23 Dash per month

Teaching Materials

• BitsBoxes (Coding Books)
• Devices (Laptops & Tablets)
• Supplies (Robotic Kits)

Costs: 14 Dash per Month

  • Mentors
  • Development Team
  • Regional Coordinators
  • Director Council
Costs: 52 Dash per month (Employing 26 Mentors)

Building Futures Program

Building Futures is a pillar of Bit-By-Bit which directly donates educational resources like robotics kits and BitsBoxes (a monthly coding subscription service) to schools and individual students that are underrepresented or demonstrate financial need. Additionally, the Bit-By-Bit council will acknowledge a Dash Community scholarship for higher-level education which will be open for public voting and determined by members of DashNation. Any rollover funds from the other two pillars of the Bit-By-Bit foundation will be given directly to the community.

Costs: 30 Dash per month

Dash Awareness Program

The final pillar of the Bit-By-Bit foundation will include 10 Dash to host community outreach events to give away Dash to parents, kids, and community members in very small amounts to promote Dash as Digital Cash. This familiarizes Dash with an audience that is unlikely to use cryptocurrency on their own. Dash will be represented as more than the average cryptocurrency: its strengths in Instant-Send and its general functionality for everyday transactions will be communicated at these presentations. A practical implementation utilizing Dash in the Bit-By-Bit organization includes an autonomous payroll system where mentors “clock in” by scanning their Dash QR codes at the beginning of a class. When mentors clock out, they will automatically get paid the correct number of Dash per hour worked.

Some examples of how community members might use Dash include:

• Kids will put their Dash QR codes on their computers and they could tip each other if they like a friends program or if they help a fellow classmate.
• Families could manage in-house expenses (allowances, chores, Homework points, etc.) through Digital Cash
• At the end of the week long class periods we invite the parents and family members to come checkout the programs that the students have been working on. During this finally class period, we would include a presentation on Dash and help set up everyone in attendance with Dash wallets and give out $10 in Dash to all.

We estimate (based on previous data by STT) that 40 different students attend our classes per week, plus around 80 parents per week would be given this opportunity. In total for the month, around 480 new wallets will be generated and used per month.

Costs: 12 Dash

Whole micro-economies in multiple communities built on Dash.

Total: 131 Dash


Please let us know your thoughts! Our full proposal will be available Sunday September 24 at 2:00pm GMT

Pictures of the team:





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