COINS
Dash Launches a Project to Fund Small Community Initiatives

2018-02-10 18:41:03
by Saffron Weale
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Dash Launches a Project to Fund Small Community Initiatives

Dash has launched DashBoost, a project which will help to fund smaller grassroots initiatives. The new project aims to utilise extra money from treasury proposals submitted by the Green Candle escrow service to fund small community initiatives.

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It has been revealed that DashBoost wants to control and maintain a process for smaller players who may not be eligible for the current proposal system to receive financial contributions. The Dash treasury system currently allows anyone to present a proposal, as long as they accept a 5 Dash fee. This fee was originally $50 but is now between $2,000 - $8,000, making it less accessible.

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The DashBoost project will lower this fee and the developers, TechSquad, have said that this reduced rate will ensure more small companies can be leveraged. It has also been confirmed that the project will work alongside the same guidelines associated with the Dash Treasury, offering but not guaranteeing opportunities. 

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While the digital currency markets have experienced numerous challenges this year, Dash has undergone considerable growth. Despite current lows within the market, the Dash treasury is still hitting over $3m a month, giving scope for a number of projects to be funded. In the first month of 2018 alone, Dash claimed a new integration and partnership, nearly every day.

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