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Venezuela, the First Dash-Nation

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Blue Horizon Advisory in partnership with www.cryptalnews.com

VENEZUELA-1ST-DASH-NATION

               We vote YES!

 

  1. SUMMARY………………………………………………………………………………………………. 3
  1. OWNER PRESENTATION……………………………………………………………………….4
  2. FACTS ABOUT VENEZUELA…………………………………………………………………..5
  1. INVESTMENT OPPORTUNITY……………………………………………………………….6
  2. FUNDING SCHEME…………………………………………………………………………………6
  3. VOTE STATISTICS……………………………………………………………………………..…….7
  4. RECOMMENDATION..……………………………………………………………………………..7

 

1. SUMMARY

OWNER  

Dash Venezuela Organization

SECTOR  

Crypto community Lobbying

PROPOSAL Countrywide massive adoption strategy
RECOMMENDATION: POSITIVE

 

2. OWNER PRESENTATION

Name: “Dash Venezuela”
Inception: 2014
 

 

 

 

Presentation:

  • Dash Venezuela is an organization that promotes Dash in Venezuela and works on a national scale to expand the Dash community in the country
  • The organization holds conferences in different cities to introduce Dash to Venezuelan citizens and promotes its daily usage for individuals

 

  • Dash Venezuela organizes training sessions and accompanying measures to entrepreneurs and merchants willing to integrate Dash as a payment solution.
 

Key figures:

 

  • Held 9 conferences out of 12 planned this year

 

  • Has accompanied 250+ merchants in different sectors to adopt dash as a payment solution

 

  • Made Venezuela becomes #2 in the world for most downloaded Dash wallet and visits to Dash.org
Link:  

http://dashvenezuela.org/

 

 

3. FACTS ABOUT VENEZUELA

  • Hyperinflation in Venezuela keeps breaking records – +25000% in late may and causing huge disasters on the economic situation in the country. With 6 $ as a minimum monthly wage, the 31 million population is sinking in the poverty while the government strategies and reforms (Even with the creation of Petro, a government cryptocurrency) seem unable to save Venezuela from collapse and bankruptcy.

 

  • In parallel and due to this situation, Venezuelan started to get more interested by Cryptocurrencies as a potential plan B that could save them from the economic agony their nation was going through. The first cryptocurrency boom 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 exchange increased by 138% from March to April, and by 39% from April to May 18 (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 believe today that Crypto can be their only/last hope.

 

Economic Freedom Score

Data compiled as of September 2017

4. INVESTMENT OPPORTUNITY

4.1. GOALS

 

  • Introduction and Promotion of Dash in Venezuela to assist Dash community growth in the country.

 

  • Organization of meetups and Adoption programs to entrepreneurs and merchants in Venezuela to expand the usage of Dash as a payment solution

 

  • Promotion of Dash as a solution to the ongoing devaluation of the local currency, Bolivar. The goal is to expand Dash in Venezuela’s economy and push it to be adopted as a national currency in the few coming years.

 

The funding request aims to:

  • Hold the “Caracas 10th Conference + 8th Dash city” (Dash city targets entrepreneurs for the adoption of Dash as a payment method) (Nearly 1.3K participants expected)

 

5. FUNDING SCHEME

5.1. REQUESTED FUNDS

Total: 198 Dash

 

5.2. FUNDING SCHEDULE

Payment type: One-time payment
Start date: 18th June 2018
End date: 18th July 2018
Final voting:  18th  July 2018

6. VOTE STATISTICS

Completed NO
Votes 608 YES
90 NO
20 ABSTAIN 

As of July 8th ,2018

 

7. RECOMMENDATION

Upside Downside
 

  • The hyperinflationary situation that crosses the country (over 2,500% annual inflation and continuous devaluation of Bolivar) and the creativity of Venezuelan merchants to create wealth and benefit their society, allows Dash presence to grow very quickly in Venezuela’s landscape.

 

  • “Dash Venezuela” projects have shown great results in educating Venezuelans and convert thousands of people to real-time users.

 

  • The organization efforts have led Venezuela to become the 2nd in the ranking of downloads of the Dash wallet.

 

  • More than 4K people Attended the organizations’ events.

 

  • Dash Venezuela target to open services to other Spanish speaking countries in the region( Colombia, Mexico, Ecuador, etc).
 

 

  • Petro, Venezuela’s national cryptocurrency could present a serious barrier to Dash expansion, through government’s “protectionist strategies.”

 

 

 

 

The results achieved by “Dash Venezuela” during this year, and the efforts deployed to expand the daily usage of Dash in Venezuela, along with all the programs that the organization ensures to introduce more and more entrepreneurs and merchants to the Dash landscape in Venezuela, demonstrate the importance and the heavy impact that this type of projects has on Dash promotion and how effectively it participates in the growth of the Dash community.

The fact that the organization has been successful in playing the “Dash Ambassador” role in Venezuela, gives real and solid signals that it can have a great impact on the Latin America region in the mid-term, which is also part of the bigger plan of “Dash Venezuela”.

 

 

 

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. Disclaimer:

All rights attached to this document are exclusively reserved to Blue Horizon Advisory This document can in no case be copied, photocopied, or partially or completely duplicated without prior written permission from Blue Horizon Advisory. This document can only be distributed by Blue Horizon Advisory. This document is intended solely for the use of the addressees. It should not be transmitted to any person other than the original addressees without the prior written consent of Blue Horizon Advisory. If you receive this document in error, please delete or destroy it and notify the sender immediately.

This document is communicated for information purposes only and It should not be construed as an offer or solicitation with respect to the investment or disinvestment. This document is based on carefully selected public information. However, no representation, warranty or undertaking, express or implied, is made to the recipients of this document as to or in relation to the accuracy or completeness or otherwise of this document or as to the reasonableness of any assumption contained in this document. In addition, any view, opinion or other information provided herein is indicative.

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