Dash Core Group to Lay Off 8% Staff Including Execs

Remaining employees of the Dash Core Group voluntarily refused wages and bonuses to support the existence of the organization
06 March 2019   801

The software developer of the privacy-oriented cryptocurrency network Dash, the Dash Core Group, was forced to make some difficult financial decisions. So, on March 7, the company fire 8% of the stuff, including the strategic director and director of business development. This is reported by The Block.

Note that the remaining employees of the Dash Core Group voluntarily refused wages and bonuses to support the existence of the organization.

According to CEO Ryan Taylor, cuts will affect only certain parts of the company in order to avoid complete collapse.

The organization’s leadership claims that more than six months ago, a moratorium was imposed on hiring new people, and the spending policy remains conservative.

It is worth adding that Dash is a fork of Litecoin, which appeared in 2014. The company did not conduct an ICO, and the only source of income is 10% of the mining, divided between the miners and masternodes. Thus, the bear market has quite significantly affected the stability of the organization.

Recall that in November 2018, the Dash Text service was launched in Venezuela, which allows you to send transactions via mobile phones using text messages. Then the event had a positive effect on the asset quotes.

Dash Team Member to Disappear With Money

Four month ago, MooCowMoo, masternode's admin, shut down its services and promised to return funds in week or two, still no luck
03 December 2019   290

The leading consultant of the Dash Core Group under the nickname MooCowMoo holds the money of investors and does not contact them, Bitcoinist writes.

On Sunday, a Dash forum user posted a message saying that on August 10, MooCowMoo masternode service clients received a notification that the service will shut down. The organizer of the service promised to return deposits to the source addresses of investors within a week or two, "as far as time permits." However, customers claim that they did not receive the assets after four months.

Another user joined the discussion and stated that they had not received any messages from MooCowMoo either since September.

Also might be worth involving the Dash core group as this reflects really badly on Dash, particularly as he was a prominent member of the team.
 

Scombo 

User, Dash Forum

The response was quit simple.

there is power in numbers.
 

tungfa

Dash Core Group

The identity of MooCowMoo remains unknown. According to the archived version of the dash.org website, a previously anonymous consultant was presented in a section with information about individuals whose work is related to ensuring the operational activities of the project. After the website was redesigned, information about it was not re-added.

MooCowMoo at Dash WebsiteMooCowMoo at Dash Website

Dash is currently the 22nd largest crypto asset.