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Pre Proposal: Dash Network Smart ATMs Powered by Vault Logic

Discussion in 'Pre + Budget Proposal Discussions' started by Cassi Konopasek, Oct 20, 2018.

  1. Cassi Konopasek

    Cassi Konopasek New Member

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    Dash Network Smart ATMs Powered by Vault Logic

    Pre Proposal


    Vault logic is first to market with an all-in-one kiosk containing a traditional ATM and multi cryptocurrency BTM, while also presenting Cash as a Service (CaaS) and soon a user incentivized cash balancing network.

    This pre proposal serves to outline a Dash Network and Vault Logic partnership to accomplish the aligned goals of making DASH accessible to everyone in a fast and secure way, with an optimized user experience.

    Vault Logic will share 67% of the revenue on Dash sponsored ATMs from all revenue streams (crypto buy and sell, ATM transactions, Cash as a Service, and other 3rd party apps like bill pay, gift cards, and mobile minutes). When the opportunity presents, Vault Logic seeks to be one of the first investment vehicles for Dash Ventures. The revenue shared with Dash Ventures can be distributed back to the Masternodes or reinvested to expand the ATM network both domestically and globally to support other Dash sponsored initiatives.

    Like Dash, Vault Logic is bold and prepared for disruption, which makes our partnership ideal for cash heavy verticals like dispensaries. In fact, DASH is already listed on all Vault Logic ATMs, promoted on our ad and media screen space, and incorporated on our print one pagers. We will integrate InstantSend as part of the proposal.

    Vault Logic ATMs are ideal for a variety of regular locations and businesses from restaurants and transportation hubs to Ma & Pa convenience stores. With easy integration of third party cash apps and legacy ATM services, additional foot traffic will add to the bottom line of any location, and lead to more understanding and use of digital assets.

    We are planning to hold meetups that are DASH specific. We believe DASH offers an optimal payment solution and can drive adoption of cryptocurrency. The underbanked specifically can be introduced to DASH through Vault Logic’s familiar smart-phone like user experience.

    The Vault Logic ATM lease offer is a low risk investment. The infrastructure is already paid for and the deposit for the lease is fully refundable at the end of the term. The lease is all inclusive, so Vault Logic manages the shipping, maintenance, and cash logistics for the network of ATMs, while sharing the transaction revenue with distributors.


    The Problem

    A current challenge facing the market is providing a physical location for people to gain exposure to DASH with the capacity to not only buy, but also sell DASH instantly. Of the 3,886 crypto enabled ATMs in the market, only 647 (17.1%) offer DASH. Furthermore, less than 30% of those ATMs are bidirectional, which positions the bi-directional Vault Logic ATMs to be top competitors in the marketplace.

    Most ATMs offer one stream of revenue and do not offer the capacity to integrate 3rd party apps and advertising. There is also a need for the infrastructure to manage the ATM network and liquidity.

    Most ATMs do not place priority for the tier of KYC and AML standards needed to be present in many market verticals or offer vaulting capacity. In order to accommodate international expansion, there is a need for more ATMs to have the capacity to accept multiple denominations.


    The Solution

    Vault Logic ATMs lower the barrier to entry to purchase DASH by providing a familiar, physical location because it is an ATM, that allows users to buy and sell DASH with cash directly and have a very fast transaction time. It is Vault Logic’s top priority to deliver a secure and seamless system, with an educational user experience still in mind.

    By offering a solution for the cash management problem ailing ATM networks with our user incentivized cash balancing, Vault Logic will soon have the capacity to incentivize users to come to the ATM to buy and sell DASH and educate them through the ad screen space about businesses accepting DASH.

    Vault Logic offers the capacity to change fees and provides the network the choice on what the fees should be based on the surrounding area. With the intent to drive adoption of DASH, the fee on DASH can be kept low.

    We will work with the distributor to make sure the ATMs are strategically placed and the Dash Network can also see the reports and metrics for the ATMs to evaluate the success of the location and determine if there is a better location to host the ATM.

    The capacity to offer vaulting and top tier KYC and AML allows Vault Logic to be placed in locations across many different market verticals. Vault Logic can service 285 denominations, with the capacity to increase this number, positioning Vault Logic ATMs to be an international solution for the underbanked populations.


    Integration

    Vault Logic ATMs can be placed in retail, restaurants, dispensaries, crypto centric locations, and at events, just to name a few. All of these locations will benefit the Dash ecosystem and offer the locations the cash management services they are currently seeking.

    1. Vault Logic can offer a cash management solution for cryptocurrency focused and cash heavy locations, such as dispensaries through cash as a service and user incentivized cash balancing.

    2. Vault Logic ATMs will be added to the coin radar map in order to put them on the map and promote the locations they are placed and Dash will be listed as a cryptocurrency offered at the ATM location.

    3. The ad and media space on the Vault Logic ATMs can promote DASH and businesses accepting DASH, which can be displayed on all the ATMs in the network.

    4. Vault Logic offers transparency with reports regarding the metrics of the ATMs so that the percentages and fees can be adjusted or the location reassessed for a location with more foot traffic or better advertising.

    5. Vault Logic prioritizes user experience and offers a suite of services that is second to none, so ATM users have a one stop location for their cash needs while also having ease of access to DASH.

    6. Vault Logic will soon be able to offer POS (point-of-sales) solutions to provide ticketing and direct cash to Dash self checkout, which offers ease of integration into businesses and a solution for cash businesses.


    Proposals

    The Dash partnership we are proposing is defined as follows, with future proposals intended for expanding the Dash ATMs network, offering more advertising and liquidity once Vault Logic ATMs performance and value proposition have been verified by the Dash Network.


    First Proposal


    1) 1 Year, All-Inclusive Lease of 10 ATMs and Transaction Revenue Share



    ATM Lease

    # of ATMs - 10

    Deposit*/ ATM - $15,000

    Total Cash Amount - $150,000

    DASH - 956.69
    Spot Price @$156.79

    *Deposit is refundable at the end of the year lease term, if contract is not renewed.

    Lease Deposit includes wrapping the ATMs with DASH branding and:
    • Maintenance
    • Servicing
    • Liquidity and cash logistics
    • Software updates

    66.7% of the transaction revenues from the list below can go toward expanding the network, in another preferred manner, or eventually Dash Ventures.
    • Crypto buy and sell
    • ATM transactions
    • Cash as a Service
    • Other 3rd party apps like bill pay, gift cards, and mobile minutes

    2) Dash Liquidity for ATM Network

    January 2019 - December 2019

    Vault Logic has an internal exchange, so we provide all liquidity to the network of ATMs, thus receiving DASH for liquidity will support our combined efforts to offer Dash in the network.


    Dash Liquidity for ATM Network

    Quarter - Q1

    $/Quarter -
    $12,500

    DASH -
    79.72
    Spot Price @$156.79


    4) Ad and Media Screen Dash for ATM Network

    January 2019 - December 2019

    Showing Dash media throughout the network, as well as, promoting Dash businesses and initiatives to draw people to the ATM locations.


    Dash Ad and Media Screen Promotion

    Quarter

    # of ATMs -
    60

    $/ATM -
    $300

    $/Quarter -
    $18,000

    DASH -
    114.80
    Spot Price @$156.79


    5) Proposal Fee 5 DASH


    Total Proposal = $ 180,500 + 5 DASH

    Total DASH = 1151.22 + 5 DASH



    Subsequent proposals - Will include an outline for adding more ATMs to the network, with a recommended discount on the lease, DASH liquidity, and advertising for the remaining quarters in 2019, as well as a plan for expanding the network.


    Timeline

    Vault Logic is adding 70 more ATMs to the network next month. Vault Logic has the capacity to integrate instant send, Rewards.com and platforms to make DASH available for retail and dispensary locations, which will assist with the market adoption of Dash and the cash solutions needed by dispensaries.

    The first proposal for the Dash network and Vault Logic partnership focuses on the value the ATMs will bring to the Dash network. We are recommend funding for 10 ATMs, which are already manufactured. Following the delivery and placement of these 10 ATMs, we will provide reports to substantiate the performance of the network and the locations chosen. We are also asking for advertising and liquidity funds, which we will distribute in the ATM network.

    Once we have demonstrated the success of the ATM network, we will submit an additional proposal for 10% for 45 more ATMs and additional liquidity and advertising. Subsequent proposals will include liquidity and advertising. Vault Logic will cover the cash logistics, maintenance, installation and servicing of theATMs.

    These ATMs may be distributed by Danny Sessoms at locations strategic for the Dash Network, such as dispensaries and other Dash supported businesses.



    Team

    Doug Scribner – Founder and Chief Executive Officer
    Jonathan Owens – Founder and Chief Strategy Officer
    Mark Hilgenberg – Founder and Vice President of Customer Relations
    Oliver Goretzki – Founder and Chief Technology Officer
    Weldon Stanford – Founder and Chief Marketing Officer
    Danny Zappin – Chief Revenue Officer
    Dino Palmiotto – Director of Operations
    Andy Faberlle – Head of Sales
    Lin Fisher - Head of Marketing
    Cassi Konopasek – Business Development
    Josh Berger – Board Member
    Jesse Berger – Board Member
    Gregory Jacobson – Board Member
    Michael Terpin - Advisor
     

    Attached Files:

    #1 Cassi Konopasek, Oct 20, 2018
    Last edited: Oct 21, 2018
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  2. Pasta

    Pasta Member

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    What region will this be in?
    Also, Escrow, Escrow, Escrow!
     
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  3. Antti Kaikkonen

    Antti Kaikkonen Active Member

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    I'm interested to hear more about the KYC AML features.

    Most importantly, is it possible to turn them off?
     
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  4. healey

    healey New Member

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    idea: these 10 atms cud be placed in Caracas?
     
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  5. bhkien

    bhkien Active Member
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    I only vote if this doesn’t support other cryptocurrencies but only Dash.
     
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  6. Cassi Konopasek

    Cassi Konopasek New Member

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    Yes, I have discussed the escrow, which can be added to the proposal. We are open to placing them in any region. There are currently ATMs spread between Minnesota, Wisconsin, 4 in California, Atlanta, SLC, Denver, and Vegas. For now, the next 70 will be US based, but we do have global conversations, as well.
     
  7. Cassi Konopasek

    Cassi Konopasek New Member

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    The base level KYC and AML for our ATM is a phone number. We also have a thumb print, facial recognition, and advanced KYC AML through Identity Mind. It depends on the level needed, but typically at $1000 there is more advanced KYC required.
     
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  8. Cassi Konopasek

    Cassi Konopasek New Member

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    Yes, of course we can discuss a global placement option.
     
  9. Cassi Konopasek

    Cassi Konopasek New Member

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    That is possible to do for these 10 ATMs. Would you be open to having minimum fees on DASH and higher on the other cryptocurrencies to encourage people to purchase DASH?
     
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  10. bhkien

    bhkien Active Member
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    Yeah! I think if you give some premiums to Dash and it's users, masternode owners will more willingly to vote! Because if your project was voted, Dash will contribute to your budget and reduce your risk.
     
  11. Cassi Konopasek

    Cassi Konopasek New Member

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    Great. Thank you for your questions and input. I am looking forward to the next step.
     
  12. Blake

    Blake Member

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    I go back and forth with how important I feel ATM's are but the truth is a few out and about could help us upon the next surge. Good work! Hope you pass!
     
  13. Cassi Konopasek

    Cassi Konopasek New Member

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    Hi Blake, Yes, we also believe a multicrypto ATM will be valuable in the next surge, because an ATM is something people are familiar using. Plus, the Vault Logic ATMs are both a BTM and an ATM, so it provides more options. Thank you for your review and support!
     
  14. Arthyron

    Arthyron Active Member
    Masternode Owner/Operator Moderator

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    Hello, and thank you for your Pre-Proposal. We've had a bittersweet relationship with ATM-based projects in the past, but the advanced capabilities and funding model and opportunities associated with your proposal are certainly a cut above what we've dealt with so far. Could you elaborate on the technical capabilities of your machines? I'm reading about Cash-as-Service and Gift Card and other capabilities, but can't find anything concrete about that, perhaps a demonstration?

    Really the primary concern with this and all ATM projects is the general use/viability of ATMs generally and Crypto-ATMs especially. Some market analysis about the profitability and actual use of extant crypto ATMS--and thus some assurances about projection of real benefits to Dash as a whole--would go to great lengths to improve the viability of your proposal. Like I said, we've been approached about ATMs before, but without supporting data, there's no way to know how beneficial it would be to fund a project of this size.
     
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  15. julio silva

    julio silva New Member

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    Dash Address:
    XhknGp8UB8cxyctFDZ6XZmzyPNcs3oy77Z
    ¡Estas innovaciones son muy importantes para promover la adopción masiva de esta tecnología y es muy importante en países como Venezuela!
     
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  16. Cassi Konopasek

    Cassi Konopasek New Member

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  17. Cassi Konopasek

    Cassi Konopasek New Member

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    Gracias, Julio Silva. ¡Estoy de acuerdo contigo y apreciamos su apoyo! La adopción es muy importante y queremos ofrecer una solución de dinero para las personas en otros países también.
     
  18. Cassi Konopasek

    Cassi Konopasek New Member

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    Hello Arthyron, Thank you for your thoughtful input. I did repost the proposal and modified the size in respect for the market and also to provide more details regarding how we will work with the DASH network. https://www.dashcentral.org/p/UPDATED-DASH-NETWORK-SMART-ATMS

    We will maintain the transaction fee for DASH at 1%, and we propose to also providing support for DASH Boost.

    Here is interview link with a demonstration of the ATM .

    I know in this market BTMs have still had significant foot traffic. We will provide reports to be transparent regarding the performance of the Dash Network ATMs.

    I look forward to answering more of your questions and reading your thoughts from reviewing the new proposal.
     

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