The Dash Crypto community has suffered a setback in the Latin America market following a decision to shut down Dash LatAm. This was a South Americaa based organization that played a major role in promoting Dash oriented projects to raise funds through Decentralized Autonomous Organization (DAO).
Dash LatAm founder, George Donelly, broke the news in a recent publication on his blog post.
He has noted that that Dash Core had warned them about the shutdown situation;
“Dash Core has warned us that Dash LatAm's operations are definitely not going to continue,”
He added that;
“This means that there will be no more promotions, events, buybacks, support, etc. in the 8 countries and 20 cities where Dash Latam was active.”
The core activities by Dash LatAm were mainly creating awareness, convenience and ease of using the Dash crypto coin in Latin America. Its team consisted of over 80 members posted in various countries although the main target markets were Columbia and Venezuela.
Dash made the decision to drop this Latin America associate after they failed to meet the expected community funding. Donelly said that Dash LatAm latest proposal on DAO was meant to raise 344 Dash which translates to $25,085. Unfortunately, the organization did not meet the target which came as shock to Donelly and his team given the manpower they had dedicated.
Dash Crypto Coin Exchange Listings
Bitcoin Exchange Guide reported in mid-October that the private coin had been listed on Binance Exchange. The digital asset can now be traded against USD, Bitcoin or USDT; this was a major milestone given the private nature of Dash and delisting cases that have been attributed to the feature. In addition, Dash survived a recent delisting by OKex in South Korea, after the move was suspended until they get feedback from the Financial Action Task Force.