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   248

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 fireĀ 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 organizationā€™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.

Venezuelan KFC CEO to Deny DASH Acception

KFC management had discussed this issue with representatives of Dash, however, so far the parties have not signed the agreement
12 December 2018   337

KFC Venezuela CEO Antonio Sampaio denied reports that the branches of the restaurant chain will start accepting payment in Dash cryptocurrency. This is reported by Cointelegraph.

He said that KFC management had discussed this issue with representatives of Dash. However, so far the parties have not signed the agreement and KFC has not given permission for the public to publicize this news.

Information about the start of accepting payments in Dash in the Venezuelan branches of KFC was reported by the publication Forbes, and then was confirmed on Twitter by the director of public relations of DashNews Mark Mason. It was reported that the service will be available already this week.