Rockshield Capital Corp investing in Dash Masternodes

Venture capital fund Rockshield Capital Corp released the list of blockchain-based startups and funds in which it has invested, including Neptune Dash Nodes Corp
12 January 2018   1258

Rockshield Capital Corp is a diversified investment firm focused on, but not limited to, investing in early stage, high growth companies offering capital appreciation potential.

On January 11 of 2018 Rockshield Capital Corp. provided an update on the various blockchain investments it has made to date. The company stated that during past 6 months Rockshield had been reviewing opportunities in the blockchain and cryptocurrency industry and to date has invested in a number of blockchain companies that they think are best positioned to capitalize in the industry.

The first company in the list was Neptune Dash Nodes, which builds and operates Dash cryptocurrency masternodes.

The company exclusively invests in the Dash digital currency eco-system by building and operating Dash Masternodes, offering a dual revenue model by receiving variable yield from owning and operating Dash Masternodes, while getting exposure to Dash currency appreciation as well. Dash has assembled a very strong board and management team with some of Canada's leading digital currency and blockchain pioneers, including Guy Halford and Jackson Warren, founders of BTL Group.
 

Rockshield Capital Corp. statement

The mission of Neptune Dash Nodes company is to accelerate the mass adoption of digital currency through early support and investment in Dash technologies and infrastructure, and the company aims to become the global public markets leader in Dash.

Currently the price of Dash is rising, having slightly grown 2,10% within past hour and 1,70% within past 24 hours. The market capitalization of the coin grew from $7,6 billion to $8 billion within one day.

At the moment of press, these are main market parameters of Dash:

  • Average price: $1 041,90
  • Marketcap: $8 140 715 514
  • 24h volume: $147 773 000

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   148

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.