Dear Community!
Starting with January, 9th the works in all directions have accelerated, also new great business-perspectives for the project have appeared. At this stage there is Android App development running.
As You all know, the KZCash network supports DAO – “Decentralized Autonomous Organization”. Any of You, having an interesting idea, can submit an initiative to the network. If the Community (by Masternode voting “for” and “against”) supports the initiative – You get the suggested amount of financing in the moment of Superblock issuing.
The financing volume has its limitations. DAO fund amount is NOT cumulative for the whole period, it is limited to the length of Superblock cycle (16616 blocks) and can be used only in this period. Unused funds are not being transferred for the next period. The next Superblock issuing can be at the height 49848 (block number) on January, 20th , 2018.
You can learn the details of voting process and procedure on our Homepage
https://kzcash.kz/index.php?option=com_sppagebuilder&view=page&id=31&Itemid=205&lang=enAs we have informed earlier, all the development expenses for January we make using our reserve.
The DAO amount for distribution in the present cycle makes nearly 8300 KZC.
Our Team plans to submit an initiative and suggests to use this amount for:
1)2500 KZC – iPhone App development and independent security audit for the App
2)5800 KZC – additional VERY IMPORTANT marketing expenses. The directions for using will be announced in advance and reported in details. Moreover, the Community suggestions for the Project’s marketing will also be considered (anyone can give an idea for public discussion). We will honestly and effectively use the resources. The Community by Masternodes’ voting will make a decision.
Remember!
The voting for the initiative take place not later than 3 days befor the next Superblock issuing. The votes sent within 1662 blocks before the Superblock issuing can be ignored by the network. The voting instruction we will publish later.
Thus, we come to a practical realization of the declared principles of a Decentralized Autonomous Organization. The power of our project is in support of our Community!
And we work for the Community!