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Pre-Proposal: Project Ten Thousand New Dashers (D10)

Project Ten Thousand New Dashers (D10)

Problem Statement

Cryptocurrency use is soaring throughout Africa, with many of the continent’s unbanked using Bitcoin and other cryptocurrencies as a store of value, medium of P2P exchange and form of remittance. Cryptocurrency is particularly valuable in countries where the local fiat currency is susceptible to inflation, or where a vast number of the populace are unbanked. Nigeria is one such country.


Like its sibling African states, Nigeria has a huge interest in cryptocurrency, with Google search data showing the country, along with other African nations, regularly topping the list for bitcoin enquiries. People in Nigeria aren’t just interested in hoarding cryptocurrency for its speculative value: it’s empowering them to gain their financial freedom, start their own businesses and free themselves from the yoke of government control.


Dash Squad is a group of developers, analysts and marketers who are passionate about cryptocurrency, and Dash in particular. We believe that the cryptocurrency revolution has only just begun in Africa and Nigeria specifically and we see Dash as being at the vanguard of that movement. Bitcoin, for all its brand recognition, is expensive to send, making it unsuited for P2P use in countries where the average worker earns less in a day than the cost of an average BTC transaction.


Ethereum is precluded for the same reasons; while not as costly to move as BTC, ETH transactions are still priced beyond the means of the average Nigerian, and the network also suffers from scaling problems that can cause it to slow down at peak times, which is not ideal for anyone reliant on using Ethereum to exchange goods and services in near real-time.


It is our view that Dash is the cryptocurrency best suited to making inroads into Nigeria, and Africa as a whole. It is a coin whose characteristics are tailor-made for the sort of solutions Nigerians are seeking in a cryptocurrency: transactions are fast and cheap, the network is secure, the price is stable, and there is the option for private transactions. These attributes make Dash ideal for use as both a store of value and medium of exchange in Nigeria. Dash Squad are now seeking funding to raise awareness of Dash throughout the country and help it become the country’s preeminent cryptocurrency.


Thanks to Nigerians’ demand for fiat currency alternatives, there is a unique opportunity for Dash to gain a foothold in the market. We believe that via an extensive programme of education and promotion, it will be possible for Dash to position itself as the country’s most popular cryptocurrency. If achieved, this in turn will have a knock-on effect in neighboring countries, and could potentially reverberate throughout the continent, giving Dash a seat in the heart of the world’s second largest and second most populous continent of 1.2 billion people.




About Dash Squad


Working without a budget, and armed with little more than enthusiasm for the transformative power of cryptocurrency, Dash Squad has made great strides to date. We have been spreading the word about Dash for months, and the results have been extremely encouraging. Person by person and village by village, we have seen awareness and adoption of Dash increase. Our efforts have seen stores and business places accept the cryptocurrency as a medium of exchange, with Gidicoin.com one such example.


Other Dash Squad accomplishments include:


  • Introducing Dash to over 300 military personnel as a solution to the cross-border transaction limitation currently experienced in Nigeria.

  • Organizing more than 20 successful meetups/seminars/conferences attended by over 1,500 Nigerians both online and face-face.

  • Hiring professional translators to help our educational blog reach the unbanked and local indigene. Examples can be viewed here, here and here.

  • Assembling a team of programmers to aid with Dash being used as a medium of payment via mobile apps and websites, Gidicoin.com being one of the most successful projects.


  • Being the first group to speak about Dash at a Nigeria blockchain conference which was organized by Cryptography Development Initiative of Nigeria (CDIN), Blockchain Nigeria User Group, founded by Chimezie Chuta.

  • Getting over 800 new Dash wallets to be created in Nigeria, a feat which was acknowledged by Dash Force News.

  • Getting over 800 new Dash wallets to be created in Nigeria, a feat which was acknowledged by COINTELEGRAPH and CRYPTONA.CO with over 68,000 views and 400 shares on all social media.

  • Hosting a Dash music and cultural festival with over 700 attendees where all music artists were paid in Dash and vendors sold their food and merchandise with Dash.

We are also involved in the following ongoing events:


  • Dash Marathon: An initiative designed to raise competent and well informed dashers to spread knowledge of the financial revolution and the use of Dash across cities.

  • Dash 101 (Translation): In order to reach more indigenous citizens, we’re translating the basics of Dash and also its white paper into three major languages (Hausa, Yoruba, and Igbo).
TEAM:

Ogunseye Oluwajuwon Micheal: Project manager

Pius Anyebe:Head of IT

David Mogaji:Lead Developer/communication expert

Blessing Aboi: PR

Cynthia Arobosa:

Elo Obiana


Goals


Dash Squad have worked tirelessly to spread the word and encourage adoption of the cryptocurrency through all sectors and segments of the country. The results have been extremely promising, but it is evident that this is only the tip of the iceberg. There’s a huge untapped market in Nigeria for Dash and cryptocurrency in general.


Due to the low cost of living in Nigeria compared to western nations, marketing spend delivers a greater return on investment. For the same amount as it would cost for a single billboard in a major European city, it would be possible to reach millions of people within Nigeria and educate them about ways in which Dash can improve their lives. We are seeking funding to further our goal of achieving the following objectives:


Utility: Dash, like most of the major cryptocurrencies, is now seen primarily as a store of value. We want to change that. With Bitcoin and Ethereum crippled by fees, Dash is primely positioned to capitalize on this and establish itself as a medium of exchange. Getting merchants to accept Dash is an arduous process in countries where legacy financial payment processors such as Visa are deeply entrenched.


Nigeria is much more nimble, with merchants happy to seek alternative payment solutions if there is a clear benefit to doing so. We believe we can convince a significant number of merchants to accept Dash, which in turn will generate positive press coverage about ways in which Dash is being used as a utility, further accelerating its adoption, and enhancing the perception of Dash as a cryptocurrency for everyday use.


Adoption: Despite our best efforts, the majority of Nigerians are still unaware of Dash and the cryptocurrency revolution that is taking seed throughout Africa. To achieve our goal of seeing Dash accepted as a utility by merchants, we need the cryptocurrency to be adopted by as many people as possible. This means encouraging wallet downloads and installations of apps with Dash functionality. Like Africa as a whole, the vast majority of Nigerians access the internet via mobile devices, so engaging with mobile users is vital. The more Dash users there are and the better informed they are, the more pressure there will be on merchants to start accepting Dash as a means of payment.

PROJECTS:
The link below contains a well detailed document of all our projects.

LINK:

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