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Pre-Proposal: Dash Buys A Seat At TenX

Discussion in 'Pre + Budget Proposal Discussions' started by GrandMasterDash, Jul 25, 2017.

  1. GrandMasterDash

    GrandMasterDash Well-known Member
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    So, MNOs will soon take ownership of various assets and will also have the ability to form partnerships or buy companies etc. In which case, I propose our first purchase should be a seat at the TenX table. With that, we could give priority to dash in all marketing and also offer various incentives when users pay with dash.

    I don't know the numbers but it would be a multi-month purchase.
     
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  2. Super8

    Super8 Active Member

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    Any more details on how that would work. I didn't think you were a particular fan of TenX due to their deadline slippage etc..?
     
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  3. GrandMasterDash

    GrandMasterDash Well-known Member
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    True, I gave him a hard time initially but I eventually relented. Well, he wasn't very forthcoming with his past but he stuck around and took a lot of shit.

    Anyway, if I remember correctly, there are three partners. We wouldn't get a controlling majority but it would get us some serious leverage. It wouldn't speed up the dash roll-out because, it seems, that is down to visa telling them to slow down... but there could still be some good benefits in terms of customer acquisition.
     
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  4. Dandy

    Dandy Member

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    I would vote for this.
     
  5. GrandMasterDash

    GrandMasterDash Well-known Member
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    ...not to mention, tenx are going for a banking license which might be quite useful
     
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  6. GrandMasterDash

    GrandMasterDash Well-known Member
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    I can't retrofit a poll to this thread so I request people add a "me too" to this thread or tell us why it's a bad idea.
     
  7. djcrypto

    djcrypto Member

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    Is a "seat at the table" for sale?
     
  8. GrandMasterDash

    GrandMasterDash Well-known Member
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    I have no idea, I was rather hoping @Dr. Julian Hosp or someone from biz dev (@Minotaur @itscrazybro) would step in and tell us what might be up for discussion.
     
  9. Dr. Julian Hosp

    Dr. Julian Hosp Active Member

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    What do you actually mean with seat at the table? Board?
     
  10. GrandMasterDash

    GrandMasterDash Well-known Member
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    Yes, I was thinking board level, but I was deliberately vague to keep things open. I think there's a lot of synergy between dash and tenx and I suspect the dash masternodes would be open to some form of alliance / partnership. If you could just talk with our business development team that would be great.
     
  11. Dr. Julian Hosp

    Dr. Julian Hosp Active Member

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    we would be happy to a partnership anyways, no need for you to spend (extra) money on that. Right now, what we truly need are talented people to work in our team and a little bit of time to have everything up on scale to be ready to all the demands.
     
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  12. tungfa

    tungfa Administrator
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    tbh
    as seeing recent post of SEC i would definately stay away from selling dash by the network direct or by core direct !
    we were always very cautious about this not to be involved in any sales direct and as we see now this is and was the right decision
    if a 3rd party wants a seat at that table so be it - Dash Network or Core should and will stay clear of that (legal issues !!!)
     
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  13. Dashmaximalist

    Dashmaximalist Active Member

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    what positions are open right now ? i am looking into jumping into the crypto-ship full time, i can help out with a variety of stuff , check my linkedin https://www.linkedin.com/in/krishnayogi/
     
  14. Dashmaximalist

    Dashmaximalist Active Member

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    hi @tungfa i am willing to take up the role based out of their singapore office ( as technically singapore is beyond SECs legal jurisdiction ) , let me know what exactly is expected of this role

    But i do have one condition to join , they should roll out my Tenx card really soon , i paid for it last month and it still says waiting list :)
     
  15. Dr. Julian Hosp

    Dr. Julian Hosp Active Member

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    pls send me your email with what you registered via pm and i will see what I can do - always happy to help MNOs.
     
  16. Dashmaximalist

    Dashmaximalist Active Member

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    just kidding , happy to see you have huge waiting list and congrats on a super successful ICO :)
     
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  17. tungfa

    tungfa Administrator
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    there is no role in the pipeline
    Dash Core never talked or considered taking on a CC !
    this is brand new - maybe somebody else from the team wants to ship in - but as far as I am aware we are not looking for any of this !

    singapore is beyond SEC juristriction - but Dash as a US legal entity (for now) has to comply ! (Foundation US based)
     
  18. GrandMasterDash

    GrandMasterDash Well-known Member
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    Maybe you missed the bit about dash assets moving to a Swiss legal trust...
     
  19. Dashmaximalist

    Dashmaximalist Active Member

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    ya correct, i believe it's best that one of the MNs becomes board members of the companies we fund instead of the CORE , its just makes sense right (CORE's job is make sure we have the best product in the market )
     
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  20. Ryan Taylor

    Ryan Taylor Well-known Member
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    There would be no legal issue with the trust owning a legal entity to operate a Dash credit card brokerage business. The SEC ruling simply does not apply to Dash, because Dash is not a security. In fact, all Dash in existence was given away as compensation from the network to various entities for a task performed (miners, MN owners, and proposal owners). Reselling those non-securities assets is not illegal. Whether it is Coinbase or "Dashbase" performing the brokering is completely irrelevant to whether the asset is considered a security. Even "Dashbase" would have to buy the Dash on the open market.

    The only way we would get into trouble would be if the network issued new currency in exchange for fiat... in other words we would need to create new tokens specifically for sale to the public. It obviously doesn't work like that, and never will.

    There seems to be a lot of confusion out there about whether the SEC ruling applies to Dash. Unequivocally, the SEC ruling has absolutely NO IMPACT WHATSOEVER on the Dash network.
     
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  21. tungfa

    tungfa Administrator
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    Amen to that
    am happy to be corrected
    (but do not like the general idea of us as Dash selling any coins direct - personal opinion ; )
     
  22. Dashmaximalist

    Dashmaximalist Active Member

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    what exactly does dash gain by this ??
     
  23. Dashmaximalist

    Dashmaximalist Active Member

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    can you please answer my question ? what exactly does DASH gain ?
     
  24. GrandMasterDash

    GrandMasterDash Well-known Member
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    I don't think it matters now, there doesn't seem to be any interest from the tenx side... better to ask, what would tenx gain?