Proposal “A_Dash_brand_ATM_in_downtown_Lyon“ (Completed)Back
Title: | A Dash Brand ATM in downtown Lyon (70 Dash) |
Owner: | thesavoyard |
One-time payment: | 70 DASH (2085 USD) |
Completed payments: | 1 totaling in 70 DASH (0 month remaining) |
Payment start/end: | 2017-03-20 / 2017-04-19 (added on 2017-03-19) |
Votes: | 565 Yes / 114 No / 25 Abstain |
Proposal description
Please see also see: My pre-proposal
I have been in discussion with Mathew Meek and UdjinM6 and both have been very positive on the benefits to Dash.
Progress Update:
Accounting services secured, CFI Saint Etienne.
Armored car service secured, Loomis! They're international so a relationship will make it easier to expand throughout the EU.
Attorney in negotiation. This won't be difficult, it's just a matter of getting one specialized enough.
Introduction
A proposal to install a Dash branded ATM in Lyon city center.
France has a very low adoption rate for cryptocurrencies. This leaves an opportunity to be the first major accepted digital currency. Dash lacks fungibility for most users and has very low brand recognition outside of the cryptocurrency community
We would be placing a Dash enabled and branded ATM in the Lyon city center.
Why should Dash fund this?
Dash would be branded on the machine. Giving potentially tens of thousands of Dash users easy access. The machine would be BTC enabled but Dash users would have a 2% lower fee for the first few years. Part of the grant would be to prepay the lower fees and part to secure a premium location. With a higher rent means more exposure. Plus, Dash logos on the machine would be permanent. An advertisement that would pay for itself many times over.
Cash to Dash is currently enabled on all General Bytes machines. The sales office informed me Dash to cash would be available in the coming months, most likely summer. The graphics would be installed by the manufacturer so you can be assured of the quality of the Dash logos.
Lyon is a major University city, has a high level of tourism and over 2.2 million people living in the metropolitan area.
I will provide monthly updates on Dash transactions, this will help determine the demand generated by a Dash branded ATM!
Who are we?
My name is Christopher Felix, doing business as disaf.fr (Distributeur automatique France). I own, place, and manage penny press machines in the central France region. I have been in the business for nearly two years and I’m looking to expand to Dash ATMs.
I am American born and have a background in business administration and logistics. In the US I worked for RICOH Logistics USA as an exporter.
I am also an Oxford trained English teacher at the Ecole des Mines in Saint Etienne France. A highly ranked engineering school.
I am currently seeking a certificate in database development and design to improve my technical business knowledge.
My name is Isabelle Felix, I have been a freelance photographer for more than ten years. I contract real estate photography primarily but also provide administrative services to my clients, a local investment firm.
I am French but have lived in the United States and Switzerland as well. I am currently learning web design and development to further my education and provide needed services for my clients.
Grant requested
We would be asking for around 70 Dash. The value of Dash has been more volatile lately so I cannot give you an estimate in Euros. That would include a refund of the 5 Dash application fee. The grant would pay for Dash graphics, a premium rent location and prepay lower fees for Dash users. At 2% lower than BTC, even Bitcoin users would likely buy Dash and then exchange.
It is worth noting that BTCFacile offers partnerships for 2,700 Euros in the area. They offer legal and banking aid to their partners and provide maintenance. They do not have Dash though. A Dash ATM could cost over 25,000 eur in the first year without the existing contracts. I will be carrying the majority of the risk myself.
I have been in discussion with Mathew Meek and UdjinM6 and both have been very positive on the benefits to Dash.
Progress Update:
Accounting services secured, CFI Saint Etienne.
Armored car service secured, Loomis! They're international so a relationship will make it easier to expand throughout the EU.
Attorney in negotiation. This won't be difficult, it's just a matter of getting one specialized enough.
Introduction
A proposal to install a Dash branded ATM in Lyon city center.
France has a very low adoption rate for cryptocurrencies. This leaves an opportunity to be the first major accepted digital currency. Dash lacks fungibility for most users and has very low brand recognition outside of the cryptocurrency community
We would be placing a Dash enabled and branded ATM in the Lyon city center.
Why should Dash fund this?
Dash would be branded on the machine. Giving potentially tens of thousands of Dash users easy access. The machine would be BTC enabled but Dash users would have a 2% lower fee for the first few years. Part of the grant would be to prepay the lower fees and part to secure a premium location. With a higher rent means more exposure. Plus, Dash logos on the machine would be permanent. An advertisement that would pay for itself many times over.
Cash to Dash is currently enabled on all General Bytes machines. The sales office informed me Dash to cash would be available in the coming months, most likely summer. The graphics would be installed by the manufacturer so you can be assured of the quality of the Dash logos.
Lyon is a major University city, has a high level of tourism and over 2.2 million people living in the metropolitan area.
I will provide monthly updates on Dash transactions, this will help determine the demand generated by a Dash branded ATM!
Who are we?
My name is Christopher Felix, doing business as disaf.fr (Distributeur automatique France). I own, place, and manage penny press machines in the central France region. I have been in the business for nearly two years and I’m looking to expand to Dash ATMs.
I am American born and have a background in business administration and logistics. In the US I worked for RICOH Logistics USA as an exporter.
I am also an Oxford trained English teacher at the Ecole des Mines in Saint Etienne France. A highly ranked engineering school.
I am currently seeking a certificate in database development and design to improve my technical business knowledge.
My name is Isabelle Felix, I have been a freelance photographer for more than ten years. I contract real estate photography primarily but also provide administrative services to my clients, a local investment firm.
I am French but have lived in the United States and Switzerland as well. I am currently learning web design and development to further my education and provide needed services for my clients.
Grant requested
We would be asking for around 70 Dash. The value of Dash has been more volatile lately so I cannot give you an estimate in Euros. That would include a refund of the 5 Dash application fee. The grant would pay for Dash graphics, a premium rent location and prepay lower fees for Dash users. At 2% lower than BTC, even Bitcoin users would likely buy Dash and then exchange.
It is worth noting that BTCFacile offers partnerships for 2,700 Euros in the area. They offer legal and banking aid to their partners and provide maintenance. They do not have Dash though. A Dash ATM could cost over 25,000 eur in the first year without the existing contracts. I will be carrying the majority of the risk myself.
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Discussion: Should we fund this proposal?
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https://coinatmradar.com/blog/bitcoin-atm-profitability-part-2-real-examples/
We need to reach out to those who are less tech savy as well, ease of use is how we can start!
What would be *really* helpful, is if the ATM allowed me to exchange my DASH for local fiat. Ideally, if local merchants accepted DASH directly, that would be best. But until then, a DASH-to-fiat ATM is not a bad option.
Please confirm that his ATM allows one to exchange DASH for fiat.
But before going "yes", i'd like the proposal owner to split the costs a bit more
- ATM cost (the machine)
- Fee cost estimated (given that part of the budget is required for that)
- Rent cost; for how long? What happens next?
- Anything more important to know?
I don't want a full business plan, but some more info before putting Y are well worth ;)
I should be able to offer 6% to BTC users and 4% to Dash users for 3 years. I cannot guarantee a fee until the contracts are signed. The armored car services can be difficult to negotiate with for cryptocurrency ATMs. Dash will be at a 2% lower fee than BTC whatever the final fees may be.
I hope to get a 1 year least prepaid. I don't want some manager deciding cryptocurrencies are evil and forcing us out. I expect it will be between 250-350 euros downtown. If I am forced to move due to low profits or another reason, I'll replace the machine. Hopefully in the same area. If I can't, I'll move it to another EU city like Amsterdam.
Coindesk has an ATM installation guide online that covers most of the metrics. Their calculations are optimistic but it is possible to do large quantities of transactions. Also, it could take a few months to get the ATM installed. I am aiming for a June release!
Just realized that the cost is 7K, pardon me forgot my Glasses ^^
In this case, I really think that you are getting my upvote. But if you reply to the question, i am happy :)
https://coinatmradar.com/blog/bitcoin-atm-profitability-part-2-real-examples/