Software developer for network privacy-oriented cryptocurrency Dash — Dash Core Group, was forced to make a series of difficult financial decisions. On March 7, the company will leave 8% of staff including strategic Directors and Directors of business development. It is reported by The Block.

Note that the remaining staff Dash Core Group voluntarily relinquished salaries and bonuses, to support the existence of the organization.

According to the CEO of Ryan Taylor, reductions of only certain parts of the company, in order to avoid total collapse.

The leadership of the organization claims that more than six months ago, there was a moratorium on hiring new people, and the policy of spending remains conservative.

I should add that the Dash is a fork of Litecoin, which appeared in 2014. The company has not conducted the ICO, and the only source of income is 10% of the profit mastered. Thus a bear market pretty severe blow to the stability of the organization.

We will remind, in November of 2018 in Venezuela was launched Dash Text service that allows you to send transactions via mobile phones using text messages. Then the event was positively reflected in quotations of the asset.

Subscribe to the news Forklog in Facebook!