Bring Festy to Irish Pubs Global Market March 25, 2018 

    Proposal Link   Update Link  

  Status: In Progress 

  

PROPOSAL DESCRIPTION Festy is a contactless crypto payments startup expanding the utility of Dash                       for people and businesses. This proposal seeks to make it possible for the                         Dash community and the wider population to live 100% in Dash.  

       

  

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EXECUTIVE SUMMARY   

The following major milestones were accomplished:   

● Participated in SXSW trade show as official sponsor ● Launched POS merchant app  

Proposal Status  

● On scope and the scope remains the same according to the proposal                       owner update 

● The proposal owner has stated that the project is currently on budget                       and no changes to the budget have been made 

● The proposal is ahead of schedule according to the proposal owner ● The proposal has an estimated completion date of April 2018    

        

  

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FINANCIAL INFORMATION  

How is money to be delivered? ● Number of Payments: 3  ● Dash per Payment: 198 ● Escrow Status: No  

 Major project expenditures for the month ● Details not provided by proposal owner. 

Project financial status ● Total Dash Received: 594 ● Remaining Dash: 122 ● Future Dash Installments Remaining: 0 ● Value of Dash used when creating the funding request: 496 Euro  ● Value of Dash at time of conversion to fiat: N/A ● Total Dash converted to fiat: N/A ● Fiat allocation: N/A ● Remaining Fiat: 0 

    

  

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PROGRESS REPORT  

Deliverables/Milestones   ● Launch consumer app 

○ Date: March  

● Participate in SXSW trade show as official sponsor ○ Date: March 

 ● 400 registrations at SXSW 

○ Date: March  

● Launch POS merchant app ○ Date: March 

 ● 20 or so downloads on consumer app 

  

Challenges/Hurdles  ● “Current Challenges: Using blockcypher was a disaster for our                 

development. The websockets failed and when we reached out to their                     dev and sales team they had no idea that there was a problem with                           their service. “ 

● “Possible Future Challenges: Blockcypher’s poor service has given our                 developers about a week of additional work short-term. However this is                     not a problem long-term as our intention has always been to borrow                       their payment API for MVP and build our own long-term. “ 

 Future Plans  ● Usability testing for consumer and POS apps 

○ Anticipated Completion Date: March/April  

● Sign-off on both apps ○ Anticipated Completion Date: April 

 

  

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“As soon as we launch the POS android app on 29 March we will move to                               Android and Linux” 

  

 Additional News or Notes for the Dash Community  “Partnerships with festivals left, right and centre ;)”  These festivals have been confirmed for 2018: 

● Live at the Marquee, Cork ● Sugarclub, Dublin ● Iveagh Gardens, Dublin 

  

 Note: Project Specific Questionnaire Follows on the Next Page   

  

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PROJECT SPECIFIC QUESTIONNAIRE  

Current Month Project Specific Items: March 2018 Please briefly outline the ways that the proposal has or will benefit Dash                         directly. Other than Bitcart there is currently nowhere to spend Dash in any                       meaningful way. Every POS app funded to date has either fell short of it’s                           deadline, has no real adoption or has been abandoned. Festy will bring                       many user’s to Dash. Every user of Festy must use Dash when withdrawing                         funds in crypto, as per our exclusivity agreement.  Is this proposal producing revenue? Does this proposal have the intention                     or possibility of generating profit or revenue other than that profit or                       revenue received from the Dash treasury?  Currently no revenue has been generated and this is anticipated to change                       when we go to market.  Could you provide a summary report of how SXSW went? What                     milestones were you able to achieve? What did you learn? Etc. We learned about the importance of offline payments for real life festivals,                       where wifi is slowed down by the thousands of users.  We learned about pitching to non-crypto people and incorporated this into                     a new sales pitch deck. Organisation and communication between the team                     has strengthened.   Will your ATMs be for buying Dash only or do you plan to incorporate                           other cryptos? What forms of currency will it accept? Where will you                       source Dash from? ATMs will service Dash and other crypto’s. Unsure which crypto’s will be                       accepted, this will be determined by market research of what our                     consumerbase want to be able to use. The Dash we get for ATMs will be                             purchased on an exchange and available for offline top-ups.     

  

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Could you provide links to the graphics and videos used for marketing                       and promotion? 

 “Within three months it will be possible spend your Dash in specific                       establishments in the following locations:” 

1. Hong Kong 2. Seoul, South Korea 3. London, UK 4. New Hampshire, USA 5. Boston, USA 6. Cancún, Mexico 7. Cork, Ireland 8. Dublin, Ireland 9. Rome, Italy 10. Berlin, Germany 

 In your last questionnaire you mentioned developing business               relationships in these 10 regions what is the current status of these                       relationships and integration of Festy? 

  

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The locations will expand with the release of the POS app on March 29th,                           which brings us ahead of schedule. The original plan was to do MVP                         launches at these 10 locations and our scope has since widened by bringing                         forward the release date. Since we completed our test in Cancún and with                         our next test in Cork on March 29th, we have reverted resources to pushing                           production rather than mere testing. With our POS release any location in                       250 countries will be able to begin accepting Dash. 

  

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