- Feb 7, 2019
CoinText proposes to deploy its SMS service for DASH in 20 languages to 40 nations with nearly 2 billion people with free transactions, full customer support, a merchant solution, and a faucet to drive adoption. This proposal would enable DASH users to instantly text DASH to any mobile phone in 40 countries without Internet.
Our aim with this proposal is to provide the existing DASH community with a simple way to transact peer-to-peer and a powerful tool to spread adoption.
CoinText is a full-featured DASH wallet that enables you to instantly send DASH to any mobile phone number or DASH address without Internet using SMS commands.
CoinText doesn’t require apps, accounts, or passphrases, and it works on any text-enabled device - including all brands and even old feature phones. Recipients don’t need to take any action to receive DASH and funds are immediately available to be re-spent.
You control your DASH CoinText wallet with your phone’s native SMS app with simple text commands like RECEIVE to display your wallet address; BALANCE to check your wallet’s balance; and HELP to review commands.
Basic phone in Ukraine using CoinText
Basic phone in Ukraine using CoinText
With CoinText you’re able to send DASH directly to domestic or foreign mobile phone numbers by texting the commands:
SEND $1 PHONENUMBER, or
SEND .01 DASH PHONENUMBER
You instantly create new DASH users by texting DASH to their phone.
When you send DASH to a phone number, the recipient doesn’t need to take any action and the funds are immediately available to be re-spent.
CoinText’s DASH wallet is already fully functional in the United States and Canada.
If you live in these regions, try it for yourself by texting the word START to the number in your region:
In preparation for scaling DASH service, we created a custom website to support users.
View our DASH website here: CoinText’s DASH Website
CoinText’s merchant solution turns any phone into a merchant and enables paying invoices via SMS. Here is a video of a customer buying a pastry over SMS using our BCH wallet. Our merchant solution for DASH has already been integrated with BitPay, Anypay and Spark (formerly DashPay). You can use CoinText to pay for gift cards on eGifter with DASH. This proposal will enable us to integrate our DASH merchant solution.
Paying BitPay invoice with CoinText
Benefits to Dash
CoinText is an adoption engine. Text money to your friend’s phone number and they’re immediately a new DASH user.
- Easiest way to introduce newbies to DASH
- Reach nearly 2 billion people in their native language
- Automatic onboarding without apps, accounts, or passwords
- Send to mobile phone numbers or DASH addresses
- Borderless phone-to-phone transactions without Internet
- Smooth user experience and good customer support
- Full merchant solution for any DASH POS system
- Open API for DASH app developers
Deliverables and Funding Breakdown
- Deploy access numbers in 40 countries = $40,000
- Global support for over 20 languages = Complimentary
- Free transactions = $2,500 (25,000 transactions)
- Customer Support = Complimentary
- Adoption Faucet = $2,500 (5,000 new users)
- SMS merchant solution = Complimentary
- Activating SMS gateways
- $40,000: One-time set-up fee of $1000 for each country x 40
- Pre-paid Transaction Fees
- $2,500: Average of $.10/tx until funds run out
- Adoption faucet
- $2,500: Faucet $.50/user for 5,000 new DASH users
The 40 countries will be the same as we currently service for Bitcoin Cash (BCH):
Argentina (population 44.27M)
Australia (pop. 24.6M)
Austria (pop. 8.773M)
Bangladesh (pop. 164.7M)
Belgium (pop. 11.35M)
Brazil (pop. 209.3M)
Canada (pop. 36.71M)
Chile (pop. 18.05M)
Colombia (pop. 49.07M)
Croatia (pop. 4.154M)
Czech Rep (pop. 10.58M)
Dominican Rep (pop. 10.77M)
Estonia (pop. 1.316M)
Finland (pop. 5.503M)
France (pop. 67.12M)
Germany (pop. 82.79M)
Hong Kong (pop. 7.392M)
Hungary (pop. 9.781M)
Ireland (pop. 4.784M)
Israel (pop. 8.712M)
Italy (pop. 60.59M)
Lithuania (pop. 2.848M)
Mexico (pop. 129.2M)
Netherlands (pop. 17.08M)
Norway (pop. 5.258M)
Philippines (pop. 104.9M)
Poland (pop. 37.97M)
Portugal (pop. 10.31M)
Puerto Rico (pop. 3.337M)
Romania (pop. 19.64M)
Slovenia (pop. 2.066M)
Slovakia (pop. 5.435M)
South Africa (pop. 56.72M)
Spain (pop. 46.57M)
Sweden (pop. 9.995M)
Switzerland (pop. 8.42M)
Taiwan (pop. 23.58M)
United Kingdom (pop. 66.02M)
Ukraine (pop. 44.83M)
United States (pop. 325.7M)
CoinText will not collect a fee on DASH transactions. The proposal includes $2,500/DASH to cover costs of SMS gateways and 25,000 free transactions. DASH users only pay a small mining fee of less than a penny.
This proposal will fund a $2,500/DASH faucet to spur adoption. New users may tap the faucet to receive $.50/DASH directly to their CoinText DASH wallet. The faucet is programmed so only genuine mobile phones may tap it once. The faucet will attract 5000 new users to DASH, and the community may add to it at any time.