Dash’s available monthly budget reaches nearly $1 million, less than 30% of which will be going to Dash Core.
Unlike other coins such as Bitcoin, Dash’s block reward of new coins created is split 45%-45%-10%, going to miners, masternode stakeholders, and a treasury, respectively. The last of those, the treasury, is set aside for development and community projects, as per votes by the masternodes. Currently, that monthly budget is 6,652 Dash, valued at present at about $926,000. This gives Dash a significant advantage over similarly-ranked coins, which must resort to alternative means of acquiring funding.
Dash’s treasury is increasingly diversified
Over time, Dash’s budget allocation has become increasingly diverse, funding a wide range of projects. The treasury originally mainly funded development by Dash Core. Even as recently as this year, Core proposals comprised about 80% of the total monthly budget. Now, with the price rising exponentially this year, Core’s portion of the total budget has fallen significantly, even with the hiring of a dozen new members. Currently, with a single budget proposal for salaries, that 80% has fallen under 30%.
Now, the field of projects falling under the greater Dash DAO has significantly diversified. The Dash Force employs three full-time employees and a team of part-time employees as well. In addition, the treasury is poised to fund a global outreach initiative by Amanda B. Johnson, an ambitious payment platform integration targeted at the legal cannabis industry, two separate Ripple gateways, an acrobatic airshow sponsorship, and many others.
The treasury model keeps Dash competitive
Among the various funding models employed in the cryptocurrency world, Dash’s stands out from the rest because of the economics of its incentive system. Unlike coins without a built-in funding system, Dash has a budget available to help grow the ecosystem and has no need to rely on donations or the goodwill of its fans in order to grow. Additionally, unlike the initial coin offering (ICO) model, Dash’s recurring nature of its budget, combined with masternode’s ability to allocate the budget where they see fit, keeps accountable all players involved in the ecosystem.