EDIT: kDAO is now launched! A massive thank you to all our verified supporters — with their help we raised over 280 Dash in total in Series 1! The next series raise will open shortly — Find it here: https://kdao.kuvacash.com

I want to start with a summary of what Kuvacash is. We describe it as being “like a bank in the sky”. A beautifully designed HD wallet with integrated services designed from scratch, that people will love to use. “App-banks” are the future, and the way to provide access to powerful next-generation financial services for all people on Earth, not just the unbanked. If you have time, please take a moment to watch the full demo video below.

https://youtu.be/GMrvH5nosMo

Kuvacash enables a unique and safe way for people to store, send, receive and cash-out anywhere in the world using their smartphone, through a unique combination of Dash cryptocurrency and ‘stablecoin’ implementation (called USDK, for locking exchange rates and based on Dash platform technology). You can pay to a Dash address, mobile phone number, or pay with a Paycode, which is one of our new innovations. We have online remittance services designed for people to charge Kuva wallets up, or to pay any bank account in over 212 countries worldwide in 35 currencies. And we’ve just concluded a deal to provision prepay cards. Yes, amazing!

For the most part, Kuva was paid for through the Dash DAO (known as the Dash Governance By Blockchain — DGBB) system. Around $1.25M USD was provided to the Kuva team to not only build the entire platform, but obtain all the required regulatory licenses and set up the business structures. It’s been an exciting experience funding it in this way with the help of our supporters in the Dash community, and we are more than pleased with the result.

We’ve now had a little extra time to put in a few finishing touches prior to launch. This means our software, along with the underlying business structure, trusts and partnerships, and we have also added to the various regulated aspects of the organisation as well.

Kuva is a new way to bring Dash to Africa.

Kuva will launch in Zimbabwe. This was a strategic decision, as Zimbabwe has a great need for a money system that is trustworthy, easy to use, secure, and allows for making international payments both in and out of the country.

When we talked about Kuva with Zimbabweans on the ground, the response was incredible. We received over 1000 emails from people wanting to help. Within a very short time our limited pre-launch app brought us well over the 500 people needed for a full pilot of the application. Our Kuva City Air ropeway video received well over a million views, and Kuva has now raised 44% of the $28M USD required to build this from a major fund (as verified by Dashwatch).

But it won’t stop here.

We now need to launch the product with enough resources behind us to really make an impact in the market. Our longer-term aim is to build a unifying money system for all African countries, one that transitions to being a public money system run for its users, by its users. We designed a Utility Note business collateral infrastructure that will allow us to connect the people and resources needed to make this happen. This includes governance and financial management. We’ve learned a lot from watching the Dash DAO operate, and we’re now in a position to take those lessons with us.

kDAO — a sub-DAO of Dash — the first one, ever.

We want to share more with you: our supporters in the Dash community who have helped fund Kuva. We want you to be able to contribute directly to its success. For various reasons, including being able to hold more structured business conversations and informing you of our activities and successes but without compromising our competitive advantage, we want to share more details about the future of Kuva in a private supporters forum.

About joining the kDAO

There are three tiers in the Kuva kDAO at this stage; Tier 1, 2 and 3. Your voting reputation on Kuva’s proposals will determine your tier placement. Only Tier 1 is eligible to contribute to the Series Raises. Tier 2 means you were a supporter in the past, and we allow you to join Tier 1 if you contribute a fee. Tier 3 is not eligible, as we don’t expect that there would be people who don’t support the project yet still wish to contribute to it.

To join the kDAO at Tier 1 and contribute, there is an eligibility/whitelist check. Please visit https://kdao.kuvacash.com to register and join. Once you do this, you will be provided both with a unique invite to join the Kuva Discord forum at the appropriate Tier, and the kDAO platform will provide your Dash contribution address for the Series Raises.

Thank you very much for your support,

Team Kuva

P.S. If anyone has a problem with registration or feels they have been placed in the incorrect tier, please PM me and I’ll be happy to assist — I’m Max Yoga on Dash Nation Discord.