DashCoin Partners With Fund Research, Scholarships
DashCoin Partners With Fund Research, Scholarships
Arizona State University (ASU) has announced a partnership with the digital currency Dash that will provide $350,000 to “accelerate research, development, and education in ways that advance blockchain transaction speed, efficiency, security, and expand its uses.” The funds will be allocated as follows:
The Dash Scholars Program, which provides $100,000 in scholarships for undergraduate and graduate research fellowships;
Research lab and Industry open source projects, providing an additional $100,000 in funding for ASU’s Blockchain Research Lab (BRL) and $50,000 in new funding for the Luminosity Lab, and
Blockchain course development, with $100,000 for creating an online graduate course expected to be offered at ASU this fall.
The $350,000 is funded by Dash, via a successful treasury proposal. Director of ASU’s Blockchain Research Lab, Dragan Boscovic, commented:
“ASU welcomes this initiative and is ready to play its role in creating a potent Blockchain research and innovation environment for young talents to develop practical Blockchain applications.”
While MIT has serious fundraising muscle, dependence on the altruism of others is always a shaky proposition. While most digital currency projects rely on donations or an initial endowment (via ICO) to fund development, Dash has chosen a different method. Dash self-funds its development team, paying developer salaries out of a portion of the block rewards.
Each month, 10% of the block rewards are reserved for successful treasury proposals. This means that as much as 6,650 DASH, worth $5.8 mln at press time, can be paid out directly by the network to those who manage to get their treasury proposals passed. Dash’s treasury system pays for marketing efforts, business development and integrations, conference sponsorships and more.
Most important, Dash’s treasury pays Dash Core developers’ salary each month. At present, Dash employs a staff of 50, including 23 developers, four project managers, eight marketing specialists and 15 other administrative employees. These team members are paid a total of $300,000 per month, directly from Dash’s treasury system. No donations are necessary, and nobody is required to work for free.
It’s this treasury system that funded the $350,000 partnership with ASU.
Arizona State University (ASU) has announced a partnership with the digital currency Dash that will provide $350,000 to “accelerate research, development, and education in ways that advance blockchain transaction speed, efficiency, security, and expand its uses.” The funds will be allocated as follows:
The Dash Scholars Program, which provides $100,000 in scholarships for undergraduate and graduate research fellowships;
Research lab and Industry open source projects, providing an additional $100,000 in funding for ASU’s Blockchain Research Lab (BRL) and $50,000 in new funding for the Luminosity Lab, and
Blockchain course development, with $100,000 for creating an online graduate course expected to be offered at ASU this fall.
The $350,000 is funded by Dash, via a successful treasury proposal. Director of ASU’s Blockchain Research Lab, Dragan Boscovic, commented:
“ASU welcomes this initiative and is ready to play its role in creating a potent Blockchain research and innovation environment for young talents to develop practical Blockchain applications.”
While MIT has serious fundraising muscle, dependence on the altruism of others is always a shaky proposition. While most digital currency projects rely on donations or an initial endowment (via ICO) to fund development, Dash has chosen a different method. Dash self-funds its development team, paying developer salaries out of a portion of the block rewards.
Each month, 10% of the block rewards are reserved for successful treasury proposals. This means that as much as 6,650 DASH, worth $5.8 mln at press time, can be paid out directly by the network to those who manage to get their treasury proposals passed. Dash’s treasury system pays for marketing efforts, business development and integrations, conference sponsorships and more.
Most important, Dash’s treasury pays Dash Core developers’ salary each month. At present, Dash employs a staff of 50, including 23 developers, four project managers, eight marketing specialists and 15 other administrative employees. These team members are paid a total of $300,000 per month, directly from Dash’s treasury system. No donations are necessary, and nobody is required to work for free.
It’s this treasury system that funded the $350,000 partnership with ASU.
DashCoin Partners With Fund Research, Scholarships
Reviewed by mir khaleq ali
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Reviewed by mir khaleq ali
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13:48
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