Coinsquare Capital Markets Inc. (“Bitbuy”) is offering crypto contracts to purchase and sell Dash in reliance on a prospectus exemption granted by the Canadian Securities Administrators (CSA) in the exemptive relief decision dated October 12, 2022. The statutory rights of action for damages and the right of rescission in section 130.1 of the Securities Act (Ontario) and similar legislation in the other CSA jurisdictions do not apply in respect of a misrepresentation in this statement to the extent that a crypto contract is distributed under the above-noted prospectus relief.
No securities regulatory authority in Canada or any other jurisdiction has expressed an opinion about any of the crypto assets (or crypto contracts) that are available through Bitbuy’s platform, including an opinion that the crypto assets are not themselves securities and/or derivatives.
Bitbuy has compiled the information contained in this Crypto Asset Statement to the best of its ability based on publicly available information.
About Dash
Dash was founded by software developers Evan Duffield and Kyle Hagan as a fork of the Bitcoin protocol. Initially launched as XCoin in January 2014, the project was renamed to Darkcoin shortly after before finally rebranding to Dash—short for "Digital Cash"—in March 2015. While Dash remains a leading payments-focused cryptocurrency used by merchants and for international remittances, the network underwent a transformative shift with the Mainnet launch of Dash Platform v1.0 in July 2024. This upgrade expanded Dash’s utility from a simple transactional currency to a decentralized application (dApp) platform, introducing features like blockchain-based usernames, decentralized data storage, and the ability to build Web3 applications. Dash continues to see significant real-world adoption in regions facing economic instability, such as Venezuela, where it is accepted at major franchises like Church’s Texas Chicken.
Risks
As with all assets, investing in Dash is not without some general risks. Many of these risks are identified and explained in our Risk Statement . In addition to the general risks, we outline some risks that are specific to Dash below. While we make an effort to identify every source of risk, we encourage you to do your own research and ensure you are comfortable investing in Dash.
DASH block reward reduction
As a fork of the Bitcoin protocol, Dash utilizes a predetermined reward reduction schedule to manage its circulating supply. Unlike the "halving" mechanism seen in Bitcoin, Dash reduces its block reward by approximately 7.14% every 210,240 blocks (roughly every 365 days). The 10th such reduction occurred in July 2024, and subsequent annual reductions continue to lower the issuance of new DASH. Investors should note that the distribution of these rewards has also evolved; as of 2024, the network moved toward a model where 80% of the block subsidy is split between miners and Masternodes, with the remaining 20% allocated to the Treasury for ecosystem development. While this gradual reduction is designed to maintain long-term sustainability, any significant decrease in rewards could theoretically lead to reduced network participation, which may impact the asset's security and market value.
Security concerns with Dash Masternode network
The Dash network relies on a two-tier architecture featuring Masternodes—powerful servers that provide essential layer-2 services like InstantSend and ChainLocks. To address historical concerns regarding the centralization of Masternode hosting services, the network has implemented several technical safeguards. Most notably, the introduction of "ChainLocks" now protects the network against 51% attacks by using Masternode quorums to sign blocks, making chain reorganizations prohibitively expensive. Furthermore, the launch of Dash Platform introduced "Evolution Masternodes" (evonodes), which require 4,000 DASH in collateral and must meet higher performance standards. This tiered system, combined with decentralized governance voting, incentivizes a more diverse and resilient node distribution. While third-party hosting remains a popular option for non-technical users, these protocol-level enhancements have significantly mitigated the risks associated with a potential compromise of centralized hosting providers.
To be made available for trading on Bitbuy’s platform, a digital asset must pass the following due diligence reviews:
Bitbuy undertakes these three levels of due diligence in order to determine whether the digital asset is compliant with our legal and regulatory obligations, is secure, and has historical data supporting a beneficial business case. Bitbuy’s New Product Committee must provide final approval for a new digital asset to be made available on the platform.
Last updated: March 24, 2026
