Cryptocurrency Insights

Category: Expanse

Myetherwallet integrates Expanse

A few weeks after announcing the integration with Ledger Wallet, Expanse announced another exciting integration with Myetherwallet.

Myetherwallet is the largest software wallet supporting the Ethereum protocol. Expanse, being the first surviving fork of Ethereum, was a natural addition. Founder Christopher Franko told the community via Slack that he would be submitting extra functionality to support Expanse Rewards tokens (EXR) and tokens created on Tokenlab which will be released later this year.

Expanse continues to work on integrations. Trezor, Keepkey and Shapeshift are on the radar. For updates, tune into the Expanse Slack at slack.expanse.tech.

Expanse is trading at…

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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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How to get rewards with Expanse Rewards

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.
  • Versions 1.0.1, 1.1.0, and 1.1.1 released.

 

On Tuesday, May 16, 2017, Expanse released the second iteration of its Expanse Rewards dApp (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 EXR 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 away (plus an extra EXP for “gas”) to the Expanse Rewards dApp, so for example, if you’d like to send 200 EXP to buy 1 reward with a multiplier of 2, send 201 EXP to cover the reward and the gas .

 

To get started, download and install the EXR Rewards 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 Expanse Rewards, 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 EXR”

Enter the amount you would like to lock away in rewards and click “Deposit to EXR”

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 Reward”

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 rewards) then click “Create Reward”

Voilà! You’ve just purchased rewards using Expanse Rewards.

Note: this guide will be updated as the Expanse Rewards 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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“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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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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