Join Our Mailing List
Thursday March 30, 2023
Bitcoin (BTC) $27,885.47   Ethereum (ETH) $1,774.26
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Dash

Dash launches new network-controlled investment fund

Published by CryptoNinjas.net
05/09/2019
Dash 0.13.0 upgrade now on mainnet to build foundation for ‘Dash Evolution’

The Dash team announced today the launch of a new network-controlled investment fund, The Dash Investment Foundation. Following nearly a year of preparation, the new investment fund gives the Dash network the ability to invest in higher-risk opportunities by allowing proposal owners to issue equity or other assets in consideration of network funding, or to invest in traditional asset classes on behalf of the network.

Dash masternode operators will elect the six supervisors that oversee the foundation. Key organizational and operational decisions would be put to the supervisors for approval by the foundation’s directors. Day-to-day powers will remain with the directors and investment manager. The supervisors may consist of virtually anyone trusted by the network to carry out supervisory duties, while the directors would consist of experts with the appropriate skills to oversee the investment funds.

“Dash is now the first cryptocurrency network with a proposal system capable of investing in its own ecosystem. No longer must all distributions from the proposal system be grants; rather, there’s new possibilities for entrepreneurs and the Dash network to partner and mutually benefit from the funding available through the Dash network. Perhaps most importantly, this capability has arrived in time to benefit developers looking to build applications on the Evolution platform.”

Ryan Taylor, Dash Core Group CEO

The Dash Core Group first proposed investigating the creation of a network-controlled investment fund in June 2018, with the aim of enabling the Dash network to invest in higher-risk opportunities by enabling proposal owners to issue equity or other assets in consideration of the network funding. Results from initial legal research were promising, and they were able to secure additional funding from the network in August 2018 to pursue the creation of the legal entity. Ryan Taylor will provide non-voting guidance and expertise to the Fund’s supervisors for the first year, with a focus on ensuring the organization can operate independently from Dash Core Group after initial setup.

Elections for the supervisors will be held starting May 23rd, and will conclude by June 16th. Details on the election – including eligibility requirements and process – will be published by Dash Core Group within the next few days. The process will utilize the same technology as previously used for the trust protectors election, with Dash Watch – an independent organization funded directly by the network – providing an independent audit of the election results.

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Dash Wallet app rolls out new fractional masternode staking feature with CrowdNode

07/11/2022
Dash Wallet app rolls out new fractional masternode staking feature with CrowdNode

Dash Core Group, the organization behind leading cryptocurrency DASH, announced today that it has begun to roll out a new addition to the official Dash Wallet mobile app on Android. Users can now create...

Read more

Horizen and Dash team up to launch “reward marketing amplifier blockchain”

08/25/2021
Horizen and Dash team up to launch "reward marketing amplifier blockchain"

Horizen Labs, developer of an all-in-one public blockchain platform, today announced a new partnership with Dash, the payments-focused and e-commerce cryptocurrency to create a “reward marketing amplifier blockchain application.” The new blockchain will rewards...

Read more

Crypto exchange Liquid.com’s ‘Quick Exchange’ now live in the DASH app

08/16/2021
Crypto platform Liquid.com's 'Quick Exchange now live in the DASH mobile app

Today, the Dash Core Group announced it has integrated crypto exchange Liquid.com’s 'Quick Exchange' feature into Dash's official wallet app for Android. Users can now purchase Dash within the Dash Wallet by a VISA...

Read more

PolisPay crypto wallet and payment card app integrates DASH

12/12/2019
PolisPay crypto wallet and payment card app integrates DASH

PolisPay, a blockchain-powered cryptocurrency wallet and payment platform, today announced it has now integrated cryptocurrency DASH. Wallet by PolisPay The PolisPay app is a multi-currency non-custodial wallet with features including an Epay Mastercard, which...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
Global Brain invests in Omise, creator of crypto ecosystem OmiseGO

Global Brain invests in Omise, creator of crypto ecosystem OmiseGO

10/22/2018
Crypto trading platform Caspian raises $16 million in token pre-sale

Crypto trading platform Caspian raises $16 million in token pre-sale

09/17/2018

Ripple names payment network RippleNet and grows product suite

08/01/2017
Nomura’s Laser Digital invests in Infinity, an Ethereum-based money market protocol

Nomura’s Laser Digital invests in Infinity, an Ethereum-based money market protocol

02/15/2023
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy