Huge news, I figured I better share this now although it is part of the news with the Newsletter, the Expanse DAO reserve has been safely moved from cold storage to time locked smart contracts (impossible to dump, time locked), one of the great things about this, we have moved WAY UP the charts on Coinmarketcap and now are in the top 50!
Great!
There's a lot of good news.
Go EXP!!!
"big news" is photoshop fraud. coinmarketcap sees this EXP fraud is Rank 83.
funny devs use photoshop to make fake news to pump.
http://coinmarketcap.com/currencies/expanse/Market Cap
$1,424,549
1,144 BTC
Volume (24h)
$7,899
6.34 BTC
$0.218689 (-0.23%)
0.00017566 BTC (2.31%)
I can only imagine the amount of FUD you'll be spewing when EXP reaches 5 dollars or so.
You certainly have motives I fail to understand. You created an account just to write 2 lines of FUD.
Mr Ssiddiqi:
Please advice why EXP is rank 87 on Coinmarketcap? It looks try that dev team of EXP make fake photoshop of price and try and pump price.
If you are referring to the photo from Coinmarketcap by Joned on page 266, that is a photo from before the 9 Million Expanse was locked into a smart contract for 90 days last week.
That means 9 Million Expanse was removed from the available supply so marketcap went from:
$3,477,009 (14,943,374 EXP Circulating Supply * $0.232679 Price) to
$1,443,668 (6,528,297 EXP Circulating Supply * $0.221140 Price) now.
What this means is that EXP is now more scarce (For 90 Days at least). More is locked up in bonds that the development team has recently been working on to earn interest.
More information about the progress of EXP at
http://blog.expanse.tech/The reserve is no longer in cold storage and has been moved into smart contracts of various divisions with a time lock. 9 Million EXP was moved into the main reserve time locked smart contract.
This is locked up for 90 days and cannot be accessed by anyone for any reason. After 90 days the 9 million will return to the original cold storage address.
This should be enough time for the Expanse Decentralized Autonomous Organization to be online and ready.
The rest was moved to help fund EBS into smart contracts for the Expanse Bond System, provide funding for 6 months of development and for hiring 2-3 new coders that will be joining the project soon.
As stated in the last newsletter with Roadmap 3, there is also the second version of EBS that will be coming in the near future.
This will be more akin to traditional staking, allowing anyone to get 6% annual interest paid out every 10 days for simply holding Expanse in a
temporary smart contract that can be canceled by the EBS user at any time they wish. The result is rewarding holders, and removing some Expanse
from exchanges so there is less resistance.
The fact that new development progress is released with actual new code shows the progress of EXP.
With a low supply and low marketcap, the potential for bigger returns for investors is much greater than the higher marketcap coins available.
I feel like you already see this and want to spread some FUD so when the time comes that even MORE EXP is locked up and out of exchanges and the total amount of EXP for sale on exchanges, including Poloniex, you will have FUD enough to bring the price down so you can buy cheap before the big news hits.
We all know crypto pumps on news and it isn't really fair to spread false rumors about legit projects in order to damage their reputation so you can profit.
To all EXP holders, please QUOTE this post to any new trolls trying to harm the reputation of EXPANSE. This sort of behavior should not be tolerated.
Nice try new users with 2 (kabykell) and 3 (figfazah) posts 