HashChain Technology Inc.has announced their vote to approve Dash proposals designed to help establish the cryptocurrency's presence and build awareness in Africa, Brazil and Venezuela.
HashChain holds a Dash masternode that grants the Company voting privileges on budget proposals funded by the Dash treasury and important decisions that affect the currency. HashChain also recently voted on two other Dash proposals to build a Dash Academy, and develop a retail payment system in the UK.
"Dash is an ingenious cryptocurrency that has the potential to change societies in many ways, and HashChain believes it will be particularly influential in Brazil, Venezuela and the African continent where certain fiat currencies are inhibiting wealth and growth," said Patrick Gray, CEO and Founder of HashChain. "The initiatives provide more presence in these areas and will establish Dash as a currency they are comfortable adopting."
The first approved proposal will budget 16 DASH, an approximate $8,500 CDN value based on Dash's $531.24 CDN price on March 15, 2018, over a six-month period to bring a Dash YouTube Channel and social media management efforts to Brazil.
The content, which will be promoted on Facebook, Instagram Twitter, SoundCloud, Twitch and others, will include a dash daily analysis segment, "Dash Weekly News" on Sundays and tutorial videos about the currency, and cryptocurrency podcasts featuring industry heavyweights
The second approved proposal allocated a total of 108 DASH, an approximate $57,374 CDN value based on Dash's $531.24 CDN price on March 15, 2018, in a little over a month to invest in two major initiatives in Venezuela.
The first event, "Help! There is a cryptocurrency in my soup!", took place on March 8th, 2018, with an audience of 250 stakeholders of important Venezuelan companies. The discussion focused on how to receive and buy goods with DASH. The second event is the 6th Dash conference in the country's capital, Caracas, and will take place on March 31st, 2018.
The third and final approved proposal is for Dash Africa, an already established project, and the largest and foremost outlet for Dash-related media in Africa. It has also served as the platform to launch and develop successful projects in several African countries.
This three-month proposal is partly retrospective in action, paying for work already completed, and to serve as a template for future proposals.
Dash Africa is an active platform from which Dash is penetrating the African continent's high-potential market for cryptocurrency, as many African countries suffer from fiat currency shortages.
The principal component of the platform is the Dash Africa website, a sophisticated and effective means of educating, informing, and communicating with a growing Dash community on the continent. The proposal will help the development and maintenance of the site, and other projects.
In October 2017, HashChain purchased 1,000 DASH for a total of $280,000 USD. To run a masternode, an investor must have at least 1,000 DASH in their wallet.
By running a masternode, HashChain can participate in voting on Dash initiatives that have a direct influence on the direction of the network. Masternodes allow users of Dash to carry out private transactions ("PrivateSend).
They also enable the Dash network to process transactions instantly ("InstantSend") eliminating bottlenecks in the blockchain and providing double-spend-proof capabilities. The Dash network currently rewards masternodes for their services to the network at a rate of 6.6 DASH per month.
The Company further announced today that it has granted an aggregate of 5,260,000 stock options to certain directors, officers, consultants and employees. The options are exercisable at a price of $0.50 per share for a five-year term and vest immediately. The grant of such stock options is subject to TSVX approval.