Pre-Proposal: Integrating Dash into exchange in Africa

Tawanda Kembo

New Member
May 11, 2017
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Hi Tawanda,

At first glance your proposal idea makes sense.
It would probably help your proposal a lot if you sit down and work out the cost-ballpark for the integration and a realistic timeplan.
Try not to be overly optimistic stay realistic.

Personally I like conservative plans that are met or exceeded much better than overly optimistic plans that always end in disappointment.
But that may be just my mentality and personal preference ( I am not american ;) ).

If you manage to sketch out a plan that shows how Dash can solve some of the monetary issues in your country/contient with a long-term growth perspective for Dash - your chances of succeeding with a proposal are good IMHO.
Thanks for this feedback. I will use your suggestions to improve my proposal
 

Tawanda Kembo

New Member
May 11, 2017
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I would love to get behind this proposal, but I do want to get some kind of development of how much money he needs, and how he expects to benefit. some kind of projection.

For example, I would like to see (maybe on a next round) integration with major retailers in the area. That would certainly bring the volume that we hope for. Remember we want DASH to be used, more than traded and speculated, is a big thing if a major merchant can adapt it to their infrastructure. How far are you from that?

Does your exchange has an API?
Yes @JZA we have an API (https://bitcoinfundi.com/api_documentation) and our goal is to eventually see people use Dash as a utility (for things such as payments) rather than for speculative reasons but we also believe that you can't really have one without the other. Let me explain with an example:
When bitcoin started getting popular, everyone said that one of the biggest potential use cases of the technology was remittances. But in reality, there were no exchanges in places such as Africa at the time so if you sent remittances to Africa with bitcoin at the time, there was no way to convert it to local currency. It wasn't until exchanges came up that it became possible to do bitcoin remittances. Today people use our exchange to facilitate remittances (http://www.techzim.co.zw/2016/11/save-money-using-bitcoin-send-money-zimbabwe/). Today, it would be impossible for merchants to accept bitcoin through services like Bitpay if Bitpay couldn't quickly convert the bitcoin to fiat on exchanges. Exchanges are the important use cases for all the important uses of Dash but they need enough liquidity and activity - hence why we think that it's important that we market make there.
 

Tawanda Kembo

New Member
May 11, 2017
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i will vote yes if requested Dash amount is reasonable AND OP can prove his connection with said exchange either in twitter feed or/or blog.
Hello @noobtrader

What's your Twitter handle. I would like to tweet to your from our Twitter account to prove my connection with the exchange. Let me know if there is anything you want me to include in the tweet.
 

Tawanda Kembo

New Member
May 11, 2017
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Howzit Tawanda,
I'm an African as well and you are facing a shitload of work, but I will help you where I can. We need dash in Africa ASAP as a money transmitter and everywhere once Evolution is live. https://www.dash.org/evolution/

Couple of things:
Amanda's videos will give you an excellent understanding of dash - way too much to read on all the forums/slacks. Start from+- Jan/Feb this year and look through all of them if you can - lots happened the last 4 months and she covered it all. She brings out 2 or 3 per week - pick up her weekly videos here: https://www.youtube.com/playlist?list=PLiFMZOlhgsYJPIiG0bjT1_SuT5h7NqPCC
and subscribe to her.

The Pre-Proposal phase is becoming quite formalised and you might be one of the first to be officially evaluated by the PEC (Proposal Evaluation Committee), so have a look here on how to submit a Pre-Proposal https://goo.gl/RgIlEq
Then here at the Evaluator Guidelines (under construction) and it will give you an idea how we will evaluate your proposal. https://goo.gl/bIydYX

Any questions - post in this thread.
When you have a reasonable idea of what is needed edit your 1st post and replace the existing description with a more 'correct' Pre-Proposal description, to get more feedback.
If you are ready/comfortable you can post the actual Proposal +- 8 June ( I would recommend not publishing a cost here until you are very sure of what you are doing)
Your Pre-Proposal will be dissected by the community, but I will try and guide you in adapting the Pre-Proposal until it's ready to be launched as an official Proposal.

PM me when you have read through all the material and replaced the description with a more 'correct' Pre-Proposal.
You will notice that you have 2 serious problems: You are unknown and you are asking for Dash up front - the rest of your proposal will have to be extremely good to give you a chance of making the Short List, but, don't give up hope... We can work on both problems. There's always a way to make big problems smaller.
Good Luck :D

Amanda's videos will give you an excellent understanding of dash - way too much to read on all the forums/slacks. Start from+- Jan/Feb this year and look through all of them if you can - lots happened the last 4 months and she covered it all.
I follow Amanda on YouTube - I love her videos.

Thank you for the guidance on how to write a Dash Pre-Proposal. I will follow the guideline and then PM you as soon as I have replaced the description with a formal Pre-Proposal
 

Tawanda Kembo

New Member
May 11, 2017
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I like the idea and would probably vote yes depending on how much your asking for. How long has your exchange been around and what is the growth rate? Will this proposal include integration for InstantSend?

Also, for people to feel comfortable voting on this proposal you'll need to prove you are who you say you are. Can you create a page on bitcoinfundi.com dedicated to this proposal? Doesn't matter what's on it, it would just be for verification.

Thanks!
Hi @dashly

How long has your exchange been around and what is the growth rate?
BitocinFundi has been live since 16 September 2015. Here is a spreadsheet showing how we've been growing between then and now: https://docs.google.com/spreadsheets/d/1UXpa01CmOgiF8S8AwwzOGBNWLGSbmHr6E7yCd-dYwHE/edit?usp=sharing

Will this proposal include integration for InstantSend?
I think we probably will but I'm not sure yet. InstantSend for us will be great, particularly for customers that are depositing Dash on to the exchange - zero confirmation deposits will enhance the user experience but we haven't made any technical implementation decisions yet because we haven't gotten to that stage. Right now I don't know if InstantSend will come out on top as the best way to integrate Dash initially but I hope it will.

Also, for people to feel comfortable voting on this proposal you'll need to prove you are who you say you are. Can you create a page on bitcoinfundi.com dedicated to this proposal? Doesn't matter what's on it, it would just be for verification.

Thanks!
I have. I've created this page: https://bitcoinfundi.com/dash-proposal.html

Will that do?
 

Biltong

Active Member
Mar 22, 2017
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Dash Address
XmPNBEQyaVNyFudWL3hhhcWfkdYK6T9nCF
Any way that South Africans will be able to buy Dash from your exchange? Can we send you money using M-Pesa? Or some other way? That will solve your liquidity problem in a Dash ;)
 

Tawanda Kembo

New Member
May 11, 2017
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Any way that South Africans will be able to buy Dash from your exchange? Can we send you money using M-Pesa? Or some other way? That will solve your liquidity problem in a Dash ;)
South Africans will not be able to to easily buy Dash from our exchange after integration. We have some people in South Africa who have deposited fiat on our exchange via Ecocash (Ecocash is to Zimbabwe what M-Pesa in Kenya and it's now available in PEP stores in South Africa) but it hasn't been easy and it has been expensive in every one of the cases because of the exchange rate losses. I believe we can make it easier and cheaper by working towards opening a bank account in South Africa but we can't make it a focus area for us in the short term because we have other more pressing issues.
The short answer is that in the short term, no. It won't be easy to buy Dash with fiat from South Africa. Only with bitcoin. But in the long term, definitely.
 

DashingDude

Member
May 4, 2017
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Tawanda,

That was an excellent reply. You've made a good start toward earning the support of this community. Now I must go and read all of the links that you provided.

Cheers!
 

DashingDude

Member
May 4, 2017
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Has anybody else taken the time to read ALL of the links that Tawanda posted? The spreadsheets and the blogs?

I did, and I think that he is a very intelligent person. I was initially rather impressed. Especially because of my interest in introducing Dash to Africa and my love of Zimbabwe.

Initially.
 

DashingDude

Member
May 4, 2017
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Tawanda, your proposal covers multiple topics. How about breaking-it-down into separate, smaller propsals?

Instead of a lump-sum investment, shouldn't we do these projects one-by-one?
 

noobtrader

Active Member
Mar 27, 2015
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Hello @noobtrader

What's your Twitter handle. I would like to tweet to your from our Twitter account to prove my connection with the exchange. Let me know if there is anything you want me to include in the tweet.
I dont have tweeter handle, but im sure you can tweet these
Cash Alternative TV
@CashAlternative
Twitter account of the YouTube channel Cash Alternative TV, hosted by Tao Of Satoshi. Watch as Tao describes $DASH, which is a digital form of cash. #DashNation

Global
cashalternative.co
 

Tawanda Kembo

New Member
May 11, 2017
27
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Tawanda Kembo

New Member
May 11, 2017
27
1
3
34
Tawanda, your proposal covers multiple topics. How about breaking-it-down into separate, smaller proposals?

Instead of a lump-sum investment, shouldn't we do these projects one-by-one?
I thought about that. And although we can break this project into 3 different components (a float for market making, a campaign that builds up to an exhibition and an exhibition at an event), each of these is critical to the other two's successes and it won't make much sense to someone reading a proposal about a single component of the proposal when it's stand alone.
When we Dash to our exchange, people here won't know what it is, why it's better or different than bitcoin and how it will help them with some problems they are facing. Education and awareness are a critical part of the integration.
I'd like to hear what others think too and incorporate their feedback when I write the proposal but I strongly feel that it's important that we do all three components
 

Tawanda Kembo

New Member
May 11, 2017
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