To celebrate the one-year anniversary of the launch of Evolution, we're doing a push for and celebration of self-custody. This will span the whole month of September, and will include some giveaways and promotions for those who withdraw from exchanges.
Why Self-Custody?
We shouldn't have to explain this to the crypto world, but in an era of ETFs, treasury companies, and endless centralized L2s, something needs to be said.
Self-custody is the key to unlock every single benefit that decentralized digital cash has to offer. Without, it you can't have censorship-resistant transactions, truly global payments, funds fully in your control, privacy, or even a scarce store of value. All the benefits of this amazing technology simply go away.
Yes, even store of value doesn't happen long-term without self-custody. Without the blockchain's built-in provable auditability, any custodian, like an exchange, could claim to have far more of the asset than they actually hold. As long as volume is low enough and most users keep their coins on exchanges, they can essentially keep customer balances that don't necessarily have coins behind them. These are essentially, paper coins, diluting the demand for the asset across a significantly-inflated practical supply. This can keep the price artificially low.
Why Dash Especially Benefits from Self-Custody
Dash in particular benefits more from self-custody than any other crypto asset, as it's been specifically engineered to give the best possible experience without any compromises to decentralization. While other coins may have high fees, long settlement times, bad privacy, or clunky, difficult to use apps, Dash doesn't have any of these problems. We built in everything at the protocol level, so users can have the benefits of full financial sovereignty without any usability compromises.
In a world where every single crypto asset is on a custodial platform, Dash doesn't really stand out as much. But when every blockchain has to compete on the actual features it can provide to users and the trade-offs it experiences to get there, Dash wins by a mile every time. There really is no second-best.
September Self-Custody Promotion
For the month of September, starting this week, we're giving away a total of 50 Dash to randomly-selected users who post evidence on social media that they bought Dash on an exchange and withdrew all of it to self-custody. We're also giving away 50 total Dash to randomly-selected users who download the DashPay wallet, register a username, and add DashGrowth as a contact. Usernames are coming very soon to iOS, and if you're an iPhone user and don't yet have this feature, you can use the DashSpend feature under the Explore function and buy something with Dash instead.
For the first category of self-custody, we're giving away 10 Dash every week. The first week is just for any Dash wallet. Future weeks' giveaways only be for using our partners who are announced at the beginning of the week, so be sure to follow us and pay attention to the rules for each week! The 50 Dash for username registrations in DashPay is for the entire month.
Probably the best way to buy Dash is through our integration with Topper, directly in the DashPay wallet. Simply select the Buy Dash function in the wallet, select Topper, enter purchase details and basic information, and buy up to $2,500 before needing to worry about identity verification. It's completely non-custodial, so you can achieve the buying and withdrawing steps in one move.
Smart users who want the biggest chance of winning one of the Dash prizes, or even both, will do all of the above: buy Dash, download DashPay, withdraw to DashPay, register a username, and add DashGrowth as a contact.
Future Promotions
In the following weeks we'll have promotions from our partners including hardware wallets, self-custody wallets, and more. Keep following us to stay up to date with the latest promotions.
Dash is the single best tool for radical sovereignty: accessible to anyone, eminently useful, and uncompromising on decentralization. Join us.