July 10, 2017
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.
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.
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)