- DashLabs is making major strides in developing their project despite the current bear market
- Whitepaper, website, and incorporation all coming soon, Dash announces
On January 31, 2019, DashLabs announced the release date of their Whitepaper and that their website and incorporation is underway. They also plan to have their headquarters in Phoenix, Arizona.
This post follows an update of two days ago that detailed out DashLabs’ plans on what they have been working on. The update was as follows:
Whitepaper – DashLabs’ representative confirmed that drafting of their Whitepaper is still ongoing and it is scheduled for a release on 15th March.
Website – Some resources have been allocated to establish the site.
Incorporation – Incorporation is underway in Phoenix, AZ. Articles of incorporation will be ready at the end of February.
Price – Although the value of dash has been dropping along everything else this bear market, the team is not slowing down.
Comprehensive Details of DashLabs Plans
In October 2018, Dash held a Q&A session with its community and presented more details of their plans in the form of an interview.
The write up revealed what the teamwas working on, which at the time was a data collection protocol. They reiterated that the platform would operate in two phases where the estimated period for the first phase – Beta is projected to be launched before the end of the first quarter of 2019.
Will Dash Rise Again?
The project is currently ranking at #15 on coin market cap, which is a huge fall considering it was 7th for a time last year. However, apart from the aforementioned systematic updates, dash has been making a few headlines in the crypto-space with the latest being the 2200 merchants in Venezuela accepting Dash crypto and the partnership with Mobile Topup in Thailand. As the team at DashLAbs prepare to head into the green zones, it is safe to say this crypto is on the verge of finding its mojo and earning the confidence of its lost investors.
Dash is open-source crypto in the design of decentralized autonomous organization (DAO) that is run by master nodes. Evan Duffield launched Dash cryptocurrency in January 2014 as altcoin forked from bitcoin protocol – Xcoin.
In its initial period, the Xcoin was dubbed as Darkcoin derived from the media speculations that it was being used in the ‘Dark Web’ markets. Later in March 2015, it rebranded to Dash, a portmanteau of ‘digital cash’.