Cryptocurrency Insights

Author: Timothy Suggs

Quantum Leap: EXP Value Poised to Surge

Disclaimer: I am invested heavily in various cryptocurrencies. After learning about this project just over a year ago and studying it intensely, I now sit on the advisory board for Expanse and am invested in the project. However, I believe you’ll find my reasoning detailed below to be sound and impartial.

 

Following the announcement that Expanse (EXP) and its token creation module TOKENLAB™tokens will be supported on Ledger Wallets, it makes a strong case to take a look at the implications. Ledger, one of the best hardware wallets for cryptocurrencies, supports only a small number of coins: Bitcoin, Ethereum, Ethereum Classic, Dogecoin, Litecoin, Zcash, Dash, Ripple, Stratis, Komodo and now Expanse.

Expanse supported on Ledger Nano wallet

Expanse supported on Ledger Nano wallet

 

At the time of this writing, the market cap* of each coin are as follows:

Bitcoin – $38.6B

Ethereum – $19.0B

Ethereum Classic – $1.7B

Dogecoin – $198.6MM

Litecoin – $2.3B

Zcash – $319.4MM

Dash – $1.2B

Ripple – $7.5B

Stratis – $344.5MM

Komodo – $95.7MM

Expanse – $10.8MM

 

The announcement is significant because it propels Expanse with:

branding by showing that it’s in a new league and separating itself from nearly 700 currencies that aren’t supported by a hardware wallet,

marketing by getting Expanse out in front of all of the current and future Ledger users, and

security by giving holders of EXP a safe, offline option to store their investment. This security will also carry over to tokens created through TOKENLAB™.

Expanse finds itself in the presence of some mighty fine company. But just what is Expanse? Announced back in 2015 on the Ethereum forum:

“Expanse is the second Ethereum fork, and we based it on Ethereum because we believe the technology is so innovative and with great potential, and because we want to experiment with different open source ideas using it. We very much believe in cooperation, open source projects, and value of the technology provided by the Ethereum platform.”

From one of the regularly published Expanse newsletters:

“Expanse is the first (surviving) fork of Ethereum launched in 2015 with a custom difficulty algorithm and code to help make the Expanse blockchain more resistant with almost no orphans. Expanse focuses on building custom, real-world use decentralized applications and is a community-based project with over 1750 slack members. The Expanse community manager, myself, is the founder of the Cryptocurrency Collectors Club, the most popular alternative cryptocurrency group on Facebook with over 34,000 members. Additionally, we have a creative team with many connections in the world of cryptocurrency and business, giving Expanse a unique edge with marketing, networking, and building fundamental value and growth over time. Expanse also focuses on creating mutually beneficial relationships and partnerships, with talent, determination, and lots of hard work.

Expanse is the first project to launch simulated smart contract staking with EBS, the Expanse Bond System, so that community members can stake offline and earn rewards, the bonds are limited and will later be tradable. The Expanse Project has developed a new patent-pending, blockchain-based voting platform with the potential to change the dynamics of future elections. We are in the process of trademarking its new name, VoteLock™. Expanse has even created a decentralized governance system with Borderless.tech, which others are planning to start ICOs for. We have working technology now. Expanse is currently attending Blockchain conferences, more to come, and is starting serious marketing and networking efforts. Expanse is also the founder of the Best in Blockchain Startups 2018 conference, combining efforts with other leading Blockchain startups and talented individuals.”

With applications (dapps) such as the Expanse Bond System (EBS) where investors can store their EXP and earn interest at 12% per year, Votelock identity management, EXP.LIFE, the EXP.DAO and Borderless, Expanse has quite a bit in the works which makes it a very attractive project. Earlier this year, 4 new full time developers were added to the development team. This follows the inducting of an advisory board last month.

 

The core team is comprised of Christopher Franko, Dan Conway and James Clayton. Franko and Conway are developers while Clayton manages the community. Clayton is a cryptocurrency veteran and founder of one of the largest groups, Cryptocurrency Collectors Club with over 34k members.

Expanse also has a charitable arm through Borderless Charity, Inc. where earlier this year, Christopher Franko delivered items to families in need through Operation Snowflake in the Washington DC area.

source: https://www.facebook.com/BorderlessCharity/

If you’d like to learn more about Expanse, join the slack channel at: http://slack.expanse.tech/

If you’d like to buy some EXP but unsure how, read this post: http://blocksouth.com/how-to-buy-expanse-exp/

If you’d like to buy Expanse Rewards, read this: http://blocksouth.com/earn-rewards-expanse-rewards/

EXP is trading around $1.43 USD at the time of this writing.

*source – http://coinmarketcap.com/ (7/14/17)

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Bitcoin Dominance Diminishing

The Bitcoin Dominance has dropped to a new low since my involvement in cryptocurrencies. Today it has reached 69.1%.

Ethereum (ETH) is up 18%, Dash up 5%, Ripple is up 34% and Monero is up 5%.

Speculators suggest that with the ongoing dispute regarding the Bitcoin blocksize, the price of Bitcoin will continue to slide.

Other notable mentions include: Expanse (EXP) at $0.40, PIVX at $0.62 and Nexus (NXS) at $0.25.

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Introducing: PIVX (Private Instant Verified Transaction)

PIVX has been on a roll lately surging to a 3,729% increase over the prior 12 months, currently at around $0.38. Volume on Bittrex has exceeded 1716btc in the past 24 hour period.

So, what is PIVX?

A transactional security and privacy-focused decentralized open source cryptocurrency.

When was PIVX launched?

February 1st, 2016
(under the name of Darknet (DNET))

PIVX is designed, engineered, and evolving with the best practices and developments to ensure your transactional security and privacy.  Many see it as a cheaper alternative to DASH. Have a look at the comparison:

PIVX is currently offered on Bittrex, Cryptopia, Yobit and Empoex. Many are speculating that Poloniex will be adding as well which could be contributing to the recent rise.

 

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“Best in Blockchain Startups” Conference Scheduled for 2018

Expanse founders James Clayton and Christopher Franko along with partners are launching a conference specifically for Blockchain startups called the “Best in Blockchain Startups 2018” which will take place in Austin Texas in 2018. The conference will focus on technology brought forth by startups that may not receive recognition due to their size.

“We are in negotiations with some potential Blockchain partners for this, this will be Blockchain only, no Fintech. The first 10 official Blockchain Partners will have an equal say on how this conference will happen, like a roundtable, with these general guidelines to start out.” – James Clayton, Co-founder, Expanse

Clayton has gone on to say:

 

  • The Best in Blockchain Startups will happen in 2018.
  • Teams and projects must be active for at least one year.
  • Blockchain only, no Fintech.
  • The conference will happen in the USA. (This is where some of the original potential partners are located)
  • The original 10 (max) Blockchain projects will do the groundwork, planning, design, and be featured prominently and equally at the conference.
  • The Best in Blockchain Partners can list each other as Partners if they wish, if they are unwilling to do that, then they should not ask to be a part of this.
  • This will be entirely nonprofit, nobody will make any money directly from sponsors, speaking fees, anything like that. Although Sponsors can help pay for the venue.
  • Blockchain Companies and Blockchain Exchanges will be welcomed to attend.
  • Tickets will be low priced, we want as many people showing up as possible.
  • Tickets will be Blockchain-based, of course. Working tech only is the theme here.
  • This will be about grassroots communities and decentralized concepts and self-governance.
  • The key focus will be a fun exciting event, with live streams, massive media coverage, professional photographers. Working technology rather than promises.

 

A few exciting names have already been confirmed but not yet released and also The Crypto Show has been confirmed as a participant. For more information visit: Best in Blockchain Startups 2018

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How to Invest in Cryptocurrencies

Determine your strategy

Are you planning to hold long term or are you just in for a quick profit? Look at price charts over the previous year and get an idea of your ideal entry point. Take a look at other coins, including Bitcoin, and compare the overall charts. Are they trending up or down in unison? This could suggest overall market moves.

Don’t get emotional

Falling in love with a coin can be a bad move. Emotions can trigger poorly executed buys and sells. Make your decisions based on your own research and not hype. Forums and chat boxes can be full of hype.

Research the team

Crypto is a relatively small world where everyone kind of knows everyone. Do the founders have a good reputation? Who are the advisors? With many new coins being created to simply profit from an ico (initial coin offering) and coins that aren’t very innovative, investing more in the team than the technology can be a sound strategy.

Research the technology

What problems can the cryptocurrency solve? How many developers are working on the project? What apps (or dapps) exist or are being created? Is there a whitepaper and roadmap? These are all very important considerations when comparing cryptocurrencies.

Is a hardware wallet available for the currency?

Very few coins are supported by hardware wallets. The ones that are have a clear separation from the rest. With security being more and more important, having a place to store your investment off an exchange and away from an online wallet is becoming a necessity.

Don’t chase spikes

If you’ve been invested in a coin that has been flat or downtrending, it’s tempting to jump ship and chase one that’s moving. Be very careful, coins that spike up quickly often spike down quickly. Do your research to determine why the coin is moving. Get involved in Slack channels and The Cryptocurrency Collectors Club on Facebook to get insights before coins move. This will help you become a knowledgeable investor instead of an emotional gambler.

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