Author: admin

How to buy bonds with the Expanse Bond System

Notes:

  • There is a known issue for Mac users preventing them from creating accounts, the dev team is creating a patch to remedy this issue.
  • Throughout the process, it may be necessary to close the dApp and reopen in order to get the balances to display.

 

On Tuesday, May 16, 2017, Expanse released the second iteration of its bond system (1.0.0 EBS Version 1.0). This much improved version is smooth and simple to use. Use this guide to convert your EXP into EBS tokens. If you need to purchase EXP, start first with this guide: http://blocksouth.com/how-to-buy-expanse-exp/

After purchasing EXP, you’ll need to send the amount you’d like to lock in bonds (plus a few extra EXP for “gas”) to the Expanse Bond dApp, so for example, if you’d like to send 200 EXP to buy 1 bond with a multiplier of 2, send 201 EXP to cover the bond and the gas .

 

To get started, download and install the EBS Bond dApp from this link: https://github.com/expanse-org/bond-dapp/releases

Once installed, click “Manage Accounts” on the left column.

(Note: You may need to let the dApp sync which could take several minutes, the red box error is often due to the node not being completely synced)

If you don’t have an existing account, either previously created in the Expanse Wallet or in the previous version of the Expanse Bond System, you will need to click “Create an Account” to get a wallet address in order to send your EXP to.

After an account has either been created or found, Click “Deposit to EBS”

Enter the amount you would like to lock away in bonds and click “Deposit to EBS”

After reviewing your deposit, if accurate, confirm your deposit by clicking “Yes”

Next, enter your account (wallet) password

Look for status messages indicating your deposit has been submitted

You’ll see an “Account History” area appear beneath “Accounts” on the “Manage Accounts” tab with the status of your deposit.

Once it processes, the “pending” status will disappear.

You’ll also notice a message showing the deposit has completed

Now you can create a new bond by clicking “Create Bond”

Enter your multiplier to reflect how much EXP you’ll be locking up (example: change multiplier to 50 in order to purchase 5,000 EXP worth of bonds) then click “Create Bond”

Voilà! You’ve just purchased bonds using the Expanse Bond System.

Note: this guide will be updated as the bond dApp receives updates. If you have any suggestions to improve it and help others, please email: timothy /at/ blocksouth.com

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Cryptocurrency Trader vs. Investor

The cryptocurrency market has exploded over the past few years. This growth has brought in many new traders looking to make a quick profit. The temptation of jumping onto an unknown or dormant coin can be very enticing to those who are new to the game.

Investors on the other hand research projects to identify the teams and technology they find either undervalued or underexposed. The chart below shows some of the most popular coins mentioned in the Cryptocurrency Collectors Club and their corresponding market caps from late 2015 and current. Many simply do not realize the rate of growth because of poor timing in either jumping in or out of a coin. Developing a sound investment strategy is key to realizing gains demonstrated below.

COINDATEMARKET CAPGAIN
Bitcoin11/1/15$5,322,439,016
4/18/17$19,711,569,367270%
Ethereum11/1/15$67,514,758
4/18/17$4,631,021,2076,759%
Ripple11/1/15$142,402,155
4/18/17$1,260,099,233785%
Dash11/1/15$12,727,562
4/18/17$520,173,1453,987%
Nem11/1/15$930,709
4/18/17$242,526,60025,958%
Expanse11/1/15$6,653
4/18/17$4,802,65872,088%

Expanse has come up with even more of an incentive to hold your investment. Aside from realizing an increase in value as the project grows, the EBS (Expanse Bond System) pays you 12% annually when you convert your EXP to EBS tokens. This is the first smart contract of its kind. For more information on Expanse, join the Slack group or read their white paper.

Happy investing.

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The Need for a Hardware Wallet for Cryptocurrencies

Over the past few months, numerous stories have been published on the Cryptocurrency Collectors Club Facebook group suggesting a real need for hardware wallets to secure cryptocurrencies. The danger of leaving coins on exchanges or even online wallets is growing. Mobile phones are being stolen and 2fa authentication is proving not be strong enough security. Currently, the hardware wallets that are in existence offer a relatively small amount of supported cryptos. Rally your crypto community and contact the manufacturers and ask them to support the currencies you’re invested in.

Keepkey – secures: Bitcoin, Ethereum, Litecoin, Dogecoin, Dash, and Namecoin.

Ledger Wallet – secures: Bitcoin, Ethereum, Ethereum Classic, Dogecoin, Litecoin, Zcash, Dash and Stratis.

Onebit – Bitcoin, Ethereum, Digix and ERC20 tokens.

Trezor – secures: Bitcoin.

 

Coinmarketcap.com currently lists 666 currencies. They are as follows:

Bitcoin, Ethereum, Dash, Monero, Ripple, Litecoin, Ethereum Classic, NEM, Zcash, Factom, ShadowCash, Waves, Dogecoin, Decred, Lisk, Steem, Peercoin, GameCredits, Stellar Lumens, Emercoin, Namecoin, Melon, BitShares, Siacoin, BitConnect, Nxt, Bytecoin, Komodo, Bitcrystals, Stratis, Counterparty, ZCoin, Nexus, PIVX, I/O Coin, Byteball, AntShares, Gulden, SysCoin, Rubycoin, BitcoinDark, Novacoin, YbCoin, Nexium, BlackCoin, NAV Coin, PotCoin, Creditbit, SolarCoin, E-Dinar Coin, Aeon, CloakCoin, Boolberry, GridCoin, Omni, VPNCoin, BitBay, SIBCoin, ION, LoMoCoin, Expanse, DigiByte, MonaCoin, Veros, Ubiq, Clams, Radium, Burst, BelaCoin, ZClassic, DubaiCoin, Vertcoin, LBRY Credits, Auroracoin, CureCoin, FairCoin, NautilusCoin, Global Curren…, Golos, Pascal Coin, Feathercoin, Steem Dollars, Primecoin, Viacoin, EarthCoin, HEAT, Adzcoin, VeriCoin, ReddCoin, Shift, Silk, DigitalNote, vTorrent, Qora, NeosCoin, Hacker Gold, Blocknet, FlorinCoin, Bitmark, Visio, Vcash, FedoraCoin, DNotes, Breakout Stake, WorldCoin, GoldCoin, HiCoin, OKCash, SpreadCoin, Wild Beast Block, MonetaryUnit, Megacoin, HunterCoin, Crown, Diamond, Breakout, Circuits of V…, ArcticCoin, Centurion, HempCoin, Energycoin, BoostCoin, TrumpCoin, Spectrecoin, NuShares, Riecoin, Joincoin, ZcCoin, Verge, Infinitecoin, Myriad, AsiaCoin, Einsteinium, ReeCoin, Quark, PutinCoin, Unobtanium, Bitcoin Plus, Zeitcoin, BitSend, Zetacoin, Groestlcoin, PinkCoin, Jewels, NobleCoin, AudioCoin, Applecoin, CannabisCoin, Electronic Gu…, Voxels, Horizon, Digitalcoin, BilShares, FuelCoin, Rise, CasinoCoin, PRCoin, Magi, Veltor, Swing, MazaCoin, CageCoin, UnionCoin, Startcoin, EuropeCoin, PostCoin, Bitswift, Orbitcoin, SecureCoin, TagCoin, Cryptonite, Syndicate, Artex Coin, PureVidz, I0Coin, Bitstar, EvergreenCoin, ArtByte, Dashcoin, Quatloo, 2GIVE, TeslaCoin, Blitzcash, SwagBucks, Pesobit, MaxCoin, Coin2.1, Pesetacoin, Canada eCoin, Vault Coin, NuBits, Rimbit, Qibuck, WhiteCoin, Capricoin, Mediterranean…, Rubies, Coin(O), Kobocoin, VeriumReserve, Cannacoin, Wexcoin, Ixcoin, GoldBlocks, Tickets, Sphere, GeoCoin, RussiaCoin, DopeCoin, Moin, KushCoin, Terracoin, MojoCoin, PoSW Coin, BitBean, Bytecent, HempCoin, PipCoin, Deutsche eMark, Crypto Bullion, TrustPlus, GlobalCoin, SmileyCoin, Bata, CorgiCoin, Sexcoin, Truckcoin, Pakcoin, TransferCoin, Karbowanec, BritCoin, BERNcash, E-Currency Coin, Atomic Coin, Dotcoin, Eryllium, LevoPlus, Bottlecaps, Sativacoin, ParkByte, BillaryCoin, GoldPieces, SmartCoin, Cannabis Indu…, NetCoin, AurumCoin, TrollPlay, Abncoin, NevaCoin, Sterlingcoin, Hyper, FujiCoin, Digital Rupees, CrevaCoin, UnbreakableCoin, AmsterdamCoin, Titcoin, Unitus, ExclusiveCoin, Memetic, GAIA, CryptoWorldX …, Luna Coin, Machinecoin, Influxcoin, Marijuanacoin, KiloCoin, GlobalBoost-Y, Yacoin, Evotion, GPU Coin, Blakecoin, Gapcoin, BipCoin, YashCoin, BitBar, PLNcoin, 8Bit, Prime-XI, HoboNickels, Tattoocoin, 42-coin, AquariusCoin, BeaverCoin, PIECoin, Independent M…, CryptoCarbon, Kurrent, AntiBitcoin, GameBet Coin, ParallelCoin, Acoin, Bikercoin, Crypto, Xenixcoin, Eurocoin, OctoCoin, Grantcoin, AnarchistsPrime, 808Coin, Beatcoin, Solarflarecoin, Cabbage, Francs, Triangles, RonPaulCoin, PayCon, Freicoin, B3Coin, MustangCoin, Impeachcoin, LiteBar, Elysium, GeertCoin, Enigma, Dollar Online, Cashout, Mintcoin, MUSE, Gambit, SaluS, RaiBlocks, Pandacoin, LuckChain, HTMLCOIN, Colossuscoin V2, VootCoin, Synergy, Mineum, Woodcoin, Tao, Stealthcoin, Shorty, Virtacoin, HitCoin, Elcoin, AmberCoin, Fantomcoin, KoreCoin, Mooncoin, Flycoin, BTCtalkcoin, NoLimitCoin, IncaKoin, Espers, UFO Coin, Xiaomicoin, Bitz, Stress, MetalCoin, Zayedcoin, Piggycoin, Magnum, BigUp, Trollcoin, ARCHcoin, Cryptojacks, 1337, TEKcoin, WayGuide, BlueCoin, CAPTcoin, SproutsExtreme, LottoCoin, Anoncoin, PayCoin, Sling, Jin Coin, TittieCoin, Universal Cur…, Nyancoin, LiteDoge, Hexx, Renos, QuazarCoin, SatoshiMadness, The Cypherfunks, Sprouts, InsaneCoin, HOdlcoin, RedCoin, Debitcoin, Krypton, MarteXcoin, BiosCrypto, ChessCoin, GCoin, ICOBID, Uro, PlatinumBAR, SpaceCoin, Fastcoin, Granite, FlutterCoin, Dollarcoin, DigiCube, Ratecoin, CryptoEscudo, PetroDollar, Joulecoin, ARbit, RevolverCoin, FlavorCoin, Cypher, SongCoin, Iconic, Neutron, Prototanium, BunnyCoin, Firecoin, X-Coin, VapersCoin, Elementrem, Orlycoin, BitTokens, SecretCoin, Ride My Car, AllSafe, CoExistCoin, Bolivarcoin, SoonCoin, Zurcoin, LanaCoin, Argentum, Bitcloud, Eternity, BumbaCoin, Unrealcoin, Evil Coin, Tigercoin, BlazeCoin, SixEleven, UCoin, ZiftrCOIN, Philosopher S…, WMCoin, Emerald Crypto, Bitzeny, Guncoin, Chronos, PX, VIP Tokens, DAPPSTER, LeaCoin, Steps, Creatio, G3N, Spots, iCash, Alexium, JobsCoin, Destiny, OsmiumCoin, MindCoin, Shilling, HyperStake, WARP, Future Digita…, HamRadioCoin, EGO, C-Bit, Bitcoin 21, LetItRide, NewYorkCoin, Aricoin, Zonecoin, Comet, PosEx, Franko, Dreamcoin, BowsCoin, PopularCoin, TAGRcoin, DigitalPrice, Rawcoin, High Voltage, BitQuark, Litecred, Metal Music Coin, IslaCoin, DPAY, FuzzBalls, Revenu, Pulse, UniCoin, Xonecoin, Antilitecoin, Money, PonziCoin, Printerium, Cashcoin, Blackstar, TajCoin, iBank, ImpulseCoin, Dobbscoin, Argus, Regacoin, Guarany, Photon, 1CRedit, ChainCoin, SydPak, Selfiecoin, Levocoin, Californium, UniQredit, BenjiRolls, Save and Gain, Zoin, Kittehcoin, Powercoin, NodeCoin, SwapToken, P7Coin, Zcashshare, Doubloon, CRTCoin, PizzaCoin, Digital Credits, CaliphCoin, World Gold Coin, 23 Skidoo, Fargocoin, Zilbercoin, Internet of P…, Forevercoin, Pioneershares, FirstCoin, LEOcoin, DynamicCoin, TechShares, ClubCoin, Master Swiscoin, Decent, Pabyosi Coin …, WA Space, AlpaCoin, Index Coin, Omicron, Wings (Pre-La…, AxFunds, Zdash, Bitgem, InvisibleCoin, Asiadigicoin, Avoncoin, BigLifeCoin, True Investme…, EDRCoin, Golos Gold, Mind Gene, KashhCoin, VirtualCoin, GBCGoldCoin, International…, DeepWebCash, DeltaCredits, LandCoin, Timekoin, LeCoin, RoyalCoin 2, Elacoin, Virtacoinplus, Opal, KolschCoin, GAYcoin, RoyalCoin, GameUnits, Lepaoquan, Swiscoin, TeraCoin, Advanced Inte…, Neptune Classic, Sharkcoin, EggCoin, UR, ShellPay, Xaucoin, Digitalfund, Psilocybin, Clinton, EuroBitCoin, BagCoin, AvatarCoin, Alphabet Coin…, Happy Creator…, T-coin, netBit, First Bitcoin, OCOW, UltraCoin, GoldReserve, GameLeagueCoin, TrickyCoin, Bitcoin Scrypt, Yescoin, Global Busine…, RichCoin, MMXVI, FrankyWillCoin, SportsCoin, CHNCoin, RubleBit, Motocoin, Lazaruscoin, Dubstep, Digital Bulli…, BitAlphaCoin, Braincoin, Opescoin, MarxCoin, Quebecoin, BitcoinFast, GoldMaxCoin, TodayCoin, CBD Crystals, Bitcurrency, UGAIN, WeAreSatoshi, Bitcedi, DarkLisk, Operand, TaoPay, PrismChain, Sakuracoin, Cycling Coin, LAthaan, LePen, FedoraShare, Moneta, AsicCoin, TheCreed, Peacecoin, PinkDog, UNCoin, TeamUp, MobileCash, LinkedCoin, Wowcoin, VegasCoin, FitCoin, X2, PayPeer, CyberCoin, Skeincoin, Cashme, MoneyCoin, Victoriouscoin, PokeCoin, PabyosiCoin, SoulCoin, Valorbit, Tellurion, SuperTurboStake, Zcrypt, Aces, Flaxscript, FireFlyCoin, InflationCoin, Safe Trade Coin, Rcoin, Neptunecoin, ChoofCoin, Dimecoin, Paccoin.

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1 Week Later: The SEC Denial for Bitcoin ETF Reaction

After a price spike-up just before the SEC’s decision was announced from around $1250 to around $1350 and a subsequent drop to south of $1100, Bitcoin has recovered and remained somewhat stable. It is currently trading at $1229.

The alts however have been surging. Ethereum (ETH) is up 136% to $40.57, Dash (DASH) is up 76% to $86.33 and Monero (XMR) is up 67% $21.16.

Keep an eye on Expanse (EXP). It’s up 38% to $0.33. After adding 4 new developers to the team to assist with development, beginning with helping to complet the DAO, a sharp rise is expected over the coming months.

Also note that the Bitcoin dominance is down to 75.6.

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Most Undervalued Cryptocurrencies of 2017

We asked the 9,000+ member Cryptocurrency Collectors Club which cryptocurrencies were the most undervalued. Below are the results. To read the full discussion join the private group on Facebook.

We’ll update the price and marketcap each month to track the results so join the mailing list to stay informed.

NAME SYMBOL PRICE (2/8/17) MARKETCAP (2/8/17)
Ripple XRP 0.007714 $284,297,507
Litecoin LTC 4.02 $199,593,426
Monero XRM 12.65 $175,927,622
Dash DASH 17.04 $120,753,686
Iconomi ICN 0.485193 $42,211,791
Steem STEEM 0.156249 $36,303,991
Doge DOGE 0.00021 $22,646,315
Game GAME 0.273376 $16,548,174
Bitshares BTS 0.004036 $10,419,503
Sia Coin SC 0.00041 $9,452,904
Stratis STRAT 0.09475 $9,310,272
NXT NXT 0.008801 $8,791,849
I/O Coin IOC 0.375018 $6,117,042
Nexus NXS 0.115955 $5,414,717
Bitbay BAY 0.001883 $1,896,889
Expanse EXP 0.32 $1,684,806
Burst BURST 0.000831 $1,412,423
OKCash OK 0.009088 $637,568
Crown CRW 0.018025 $218,594
Trollcoin TROLL 0.000084 $46,305
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How to Buy Expanse (EXP)

In this example we’ll go through the process of buying cryptocurrencies from an exchange. In this case we’ll be buying “Expanse” (EXP) on the Poloniex exchange. Besides Expanse, there are hundreds of cryptocurrencies (also known as “alt coins”) including popular ones such as Ethereum (ETH), Ethereum Classic (ETC), Monero (XRM), Ripple (XRP) and Litecoin (LTC).

Expanse

In order to purchase cryptocurrency, you’ll need to start with cryptocurrency. The most universal is Bitcoin. In order to buy Bitcoin, you’ll need to create an account on either Coinbase or Circle. Most US based investors and traders use Coinbase.

Setting up an account on Coinbase does take time for validation and verification purposes, up to 7-10 days. It’s best to go ahead and initiate this so that when you’re ready, your account is setup. Setting up entails linking your bank account and (optional) a credit card to enable purchases and verifying your identity with a government issued document (drivers license, passport, etc.). You’ll be buying Bitcoin with USD.

It’s also a good idea to go ahead and setup your account at Poloniex. You’ll be able to raise your deposit/withdrawl limits by verifying information.

Once you have both your Coinbase and Poloneix accounts setup you can now send Bitcoin over from your Coinbase account. To do so, select Balances>Deposits & Withdrawls then scroll down to “BTC” in the left column and click “deposit”. If your wallet address is not showing, click to show. Copy this address and then go to your Coinbase account and click on the Send/Request link on the left. In the “Email or Bitcoin address” field, paste the address you copied from your Poloniex account. Next, select the amount of Bitcoin you’d like to send and click “Send Funds”.

Currently, sending Bitcoin takes around 30-45 minutes. You can check the transaction on Coinbase by navigating to your dashboard and viewing your “Recent Activity”.

Once the transaction has completed, your Bitcoin should now be in your Poloniex account. Since we’ll be buying EXP, you’ll want to find it in the Exchange. You can use the search in the top right and type “EXP”. Once visible, click to view the “Expanse Exchange”. Look under the chart for the “BUY EXP” area. You’ll see the amount of Bitcoin you have available. You can now buy EXP from the market or set your own limit order and hope it gets filled.

If you have any questions, let me know! Also, please join our cryptocurrency group on Linkedin to interact with others.

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How to Buy Cryptocurrencies

In this example we’ll go through the process of buying cryptocurrencies from an exchange. In this case we’ll be buying “Expanse” (EXP) on the Poloniex exchange. Besides Expanse, there are hundreds of cryptocurrencies (also known as “alt coins”) including popular ones such as Ethereum (ETH), Ethereum Classic (ETC), Monero (XRM), Ripple (XRP) and Litecoin (LTC).

Expanse

In order to purchase cryptocurrency, you’ll need to start with cryptocurrency. The most universal is Bitcoin. In order to buy Bitcoin, you’ll need to create an account on either Coinbase or Circle. Most US based investors and traders use Coinbase.

Setting up an account on Coinbase does take time for validation and verification purposes, up to 7-10 days. It’s best to go ahead and initiate this so that when you’re ready, your account is setup. Setting up entails linking your bank account and (optional) a credit card to enable purchases and verifying your identity with a government issued document (drivers license, passport, etc.). You’ll be buying Bitcoin with USD.

It’s also a good idea to go ahead and setup your account at Poloniex. You’ll be able to raise your deposit/withdrawl limits by verifying information.

Once you have both your Coinbase and Poloneix accounts setup you can now send Bitcoin over from your Coinbase account. To do so, select Balances>Deposits & Withdrawls then scroll down to “BTC” in the left column and click “deposit”. If your wallet address is not showing, click to show. Copy this address and then go to your Coinbase account and click on the Send/Request link on the left. In the “Email or Bitcoin address” field, paste the address you copied from your Poloniex account. Next, select the amount of Bitcoin you’d like to send and click “Send Funds”.

Currently, sending Bitcoin takes around 30-45 minutes. You can check the transaction on Coinbase by navigating to your dashboard and viewing your “Recent Activity”.

Once the transaction has completed, your Bitcoin should now be in your Poloniex account. Since we’ll be buying EXP, you’ll want to find it in the Exchange. You can use the search in the top right and type “EXP”. Once visible, click to view the “Expanse Exchange”. Look under the chart for the “BUY EXP” area. You’ll see the amount of Bitcoin you have available. You can now buy EXP from the market or set your own limit order and hope it gets filled.

If you have any questions, let me know! Also, please join our cryptocurrency group on Linkedin to interact with others.

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Expanse (EXP) Bond System being unveiled today

Expanse

The EBS or Expanse Bond System will be set in motion today. This, after extensive testing by the core team of Christopher Franko and Dan Conway. Marketing Strategist Marcia Danzeisen and Community Manager James Clayton are handling the PR and media relations to get the word out.

Expanse is a fork of Etherium (ETH) with modifications. The new bond system is like nothing else in the crytpo sphere. Investors will be able to lock away EXP for predetermined periods of time and earn rewards payed in more EXP.

For more information, see: http://www.expanse.tech/ or join the Slack channel at: http://slack.expanse.tech/

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Cryptocurrency Terminology

I see posts often asking “What does FUD mean?” and “What is fomo?” so I’m compiling a list of common acronyms that are thrown around in the crypto space.

Crytocurrency Acronyms

EVM – Ethereum Virtual Machine

Dapps – decentralized apps

FOMO – fear of missing out

FUD – fear, uncertainty, doubt

TBTF – too big to fail

 

Have one you don’t see listed? Let us know!

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Ethereum and Ethereum Classic both being traded on Poloniex

Alt coin exchange Poloniex has added Ethereum Classic (ETC) to it’s trading platform. ETC is currently trading at .00127100 with nearly 17,000 btc in volume as of around 10am on Sunday, July 24. Ethereum (ETH) is down almost 10% and is trading at .01983047 with over 40,000 btc in trade volume.

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