This Week at the DIF
We’ve experienced some progress this week on a couple of fronts. It’s slow, but hopefully you deem it to be sure.
Accounts
A DIF supervisor, as well as our directors, held a phone call this week with a previously-unexplored exchange. We have hopes that this meeting bodes well for the exchange’s willingness to open the DIF’s verified corporate/business account, and we await next contact from them.
In addition to this particular exchange, we continue with the submission of various documents and making follow-ups with other exchanges to get our existing (read: entry-level) accounts with them upgraded to fully verified corporate/business accounts.
Please note that though it’s currently possible for us to begin our Dash-gold rebalancing on any number of exchanges that have favorable spreads and/or order book sizes (due to their allowance of non-KYC accounts with low daily limits), we’ve deemed this option too risky. Why? Because non-verified, entry-level accounts have an increased risk of fund freezes.
Due to this, we’ll only execute the DIF’s re-balancing goals on exchanges through which we have verified corporate/business status.
Equity
(Note the removal of the word “private” before “equity”.)
Private Company G — After a meeting among DIF supervisors and investment consultant this week, further investigation continues.
Public Company H — The DIF held a discovery call this week with its first public investment potential. Information gained by the supervisors on this call is now under review by Ms. Hays.
Internal
We’ve landed on what we believe is a workable accounting solution for the short-to-medium term future of the DIF — importantly, it’s one that doesn’t cost us anything (but time) to implement! The procedure, once implemented, should ensure that all DIF members have an easily-accessed and verifiable way to audit the DIF’s current holdings and past income/expenditures at any given time.
We’ve also begun the creation of a DIF handbook. The need for such a thing has arisen as we’ve become gradually more complex in our operations. Policies for things like corporate board spots, finder’s fees, meeting attendance, trade execution responsibilities, etc. will be established in this handbook and it will be made publicly viewable.
Thank you for your continued support and oversight of the DIF.
