- Dash is the first SMS Wallet exclusively for DASH, at first launch in Venezuela.
- Venezuela is the number one country in terms of DASH acceptance and penetration.
- Create a Wallet by sending an SMS, you’ll be able to receive and spend DASH quickly with simple commands without any registration process or any downloads or hassles.
- With Dash text, you can easily transfer funds by just typing a phone number or a DASH address
- Dash text is a solution to get DASH into the hands of those who cannot afford a smartphone or don’t have reliable data plans or internet connection.
Blue Horizon Advisory
In partnership with www.cryptalnews.com
INVESTMENT OPPORTUNITIES AUGUST 2018
DASH TEXT – SMS Wallets for Everyone, Exclusively for Dash
FIRST STAGE VENEZUELA
We vote YES!
- OWNER PRESENTATION
- INVESTMENT OPPORTUNITY
- FUNDING SCHEME
- VOTE STATISTICS
DASH TEXT – SMS Wallets for Everyone (Exclusively for Dash) – FIRST STAGE VENEZUELA
2.1 Owner presentation
2.2 Owners history and track record
An SMS Wallet service that allows anyone to create and manage a fully functional Dash Wallet only by texting, no need for registration, or downloads, or any hassles, just text and start Dashing, no internet connection required.
Dash Text will be the first service to offer Dash Wallets over SMS, it is the fastest and easiest way to receive Dash, and it is one of the most practical applications for people, specially in developing countries where smartphone access and internet access is limited. The goal is to provide easy access to Dash for everyone. People could use DASH as a way of payment for their Daily life.
c. How it works
Send a text message and instantly create a DASH personalized wallet that can only be controlled by your phone number with no internet access required. You’ll be able to receive and spend DASH smoothly with a simple text without any registration process or any downloads or hassles. With Dashtext you can easily transfer funds by just typing a phone number or a Dash address. DASH text will also provide additional commands to get useful links and information about all the Dash projects and communities in existence (Internet is needed for this functionality).
d. The scope
This project will first cover Venezuela, and then it can be moved to other countries of the region and even throughout others continents. Africa is one ofthe areas that is more likely to adopt this service, since its situation is similar to Venezuela.
e. About Venezuela
Hyperinflation in Venezuela keeps breaking records – +25000% in late May and it is going to continue causing huge disasters on the economic situation in the country. With 6 $ as a minimum monthly wage, the 31 million population is sinking into poverty while the government strategies and reforms (Even with the creation of Petro, a government cryptocurrency) seem unable to save Venezuela from collapse bankruptcy. In parallel and due to this situation, Venezuelans started to get more interested by Cryptocurrencies as a potential plan B that could save them from the economic agony their nation is going through. The first cryptocurrency in Venezuela was experienced in the beginning of 2017 with a record volume of 805 bitcoins exchanged in a week. Lately, this trend kept confirming itself, the volume of Venezuelan Bolivar to Bitcoin exchanges increased by 138% from March to April, and by 39% from April to May 18th (Source Localbitcoins data). Venezuela is currently, and as long as its economy keeps having hard times, a perfect prototype of a nation switching to a wide/full cryptocurrency system as more and more Venezuelan people believe today that Crypto can be their only/last hope.
Only around 40% of people in Venezuela have smartphones, this means that there are still millions of people who can’t use Dash even if they want to which constitutes a perfect environment for a project similar this DASH text to be launched.
f. Benefits for Dash
- Help DASH achieve its #1 goal: massive adoption by allowing DASH to be used by people with no smartphones or Internet and increasing the total available market.
- Increase the number of DASH users in Venezuela, an entire market of millions who can’t run App Wallets in their phones
- Increase the transaction volume of DASH in Venezuela
- Increase the use of cares for Dash as payment in Venezuela: Parking lot tickets, public transportations, tipping, kiosk purchases.
DASH Text will work in alliance with some Venezuelans and teams that have been funded by the Dash treasury, in this way they will work aligned and coordinated to achieve the same goal: massive adoption of Dash in Venezuela. Following are the partners for this project
– Dash Help – Support Center: led by Alejandro Echeverría (AlejandroE). Dash Help is the first support center of Dash (and any cryptocurrency) in the world. Providing assistance to 6 countries already via phone calls, chat, and ticket support. All the assistance and customer care about Dash Text will be channeled thru Dash Help.
-Dash Merchant Venezuela: led by Alejandro Echeverria (AlejandroE). Dash Merchant Venezuela is a massive adoption program for merchants to accept Dash as a payment method for their products and services. They will help small merchants who don’t have PCs or Smartphones so they can accept Dash as payment with our SMS Wallet service.
-Dash Youth: led by Santos Bermudez. Dash Youth Venezuela is an organization focused on spreading knowledge about cryptocurrencies and the DASH Network by giving a series of lectures for students of Middle Schools and Universities. The team will work with them teaching students about how they can receive and send Dash without internet connection or smartphones.
4. FUNDING SCHEME
4.1. REQUESTED FUNDS
|Monthly amount:||36 Dash (7578 USD)|
|Completed payments:||1 totaling in 36 DASH (2 months remaining)|
4.2. FUNDING SCHEDULE
|Payment type:||One-time payment|
|Start date:||18th July 2018|
|End date:||16th October 2018|
|Final voting:||August 30th 2018|
Conclusion: Their expenses and investments are clear and seems reasonable.
5. VOTES STATISTICS
As of August 3rd, 2018
6. BENCHMARK AND DIRECT COMPETITORS
Cointext is using the exact same way of working as Dashtext, that is to say, the ability to
transact digital currency without internet, apps, accounts or complicated address but by using SMS. They are using Bitcoin Cash as cryptocurrency, saying that Bitcoin Cash has low fees and instant transfer. Cointext is currently available in 8 developed countries (USA, Canada, UK, Australia, Netherlands, South Africa, Switzerland, Sweden), but they plan to reach billions of people in 54 nations with text-enabled phones in their own language by the end of 2018.
In less direct competitor we can quote Samourai Wallet, which is a mobile Bitcoin Wallet for Android devices, with an iOS version currently in development. The Wallet is focused on privacy and security. Samourai Wallet is still an Alpha version.
|– Easy to access for the population – Easy to use for the population Venezuela is a country that needs cryptocurrency due to the hyperinflationary situation that crosses the country.||How to make the population adopt Cryptocurrency (so DASH) as a way of transactions for the daily life to the Venezuelan population?|
|The project can extend in other countries, especially in African countries||Direct competitors such as CoinTextIndirect competitors like apps such as Samourai Wallet|
To conclude, this project has been well set out and the fact that a first prototype is already working shows that it can be taken seriously. This program can help to increase the transaction volume of DASH in Venezuela, a country where crypto currencies have a bright future. It requires low investment.
We conclude then that there’s a great potential in this investment opportunity.
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