be elaborated to a budget proposal. I will try to present it in a systematic way.
Ultimate goals:
1. Rise of Dash price as a currency.
2. Increase awareness of Dash in cryptocommunity.
How to do this?
To use dash price manipulation by big exchanges as a weapon against them (exchanges). So foundation of this idea is an assumption that big exchanges print their own internal "Dash" to collect liquidity. They promise high %% for staking Dash but they do not have real Dash for all the "Dash-like" they have printed in internal system. Exchanges hope that people will not withdraw their Dash.
So the idea is to motivate people to withdraw their "Dash-like" coins out from CEX Exchanges and to move to to local real Dash in wallets like mobile wallet/Core wallet.
How to to/realize this?
Idea is to take money out of MN budget and to move it temporarily to increase staking %% in native Dash wallets where staking is available. To increase staking reward in such a manner that users are motivated to move Dash from CEX to Dash wallets. How much Dash for how long time etc. are subject for discussion.
I would appreciate your estimation if this may work.🙏
Hello, that’s a nice idea 💡 i believe that our biggest problem is no buyers and not exchanges printing Dash. We should focus on promoting Dash as the best working Cryptocurrency and build a strong community with many new belivers and supporters.
Crowdnode is working in something similar
Crowdnode is an infrastructure to do this possible.
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