Expanse Announces Decentralized Exchange Plan

EXPEX Allows Peer-to-Peer Trading Through the Luna Wallet

Expanse (PEX:EXP)EXPEX will set the standard for the decentralized crypto movement.”Christopher Franko, Expanse Founder and CEO.

WASHINGTON, NORTH CAROLINA, UNITED STATES, June 11, 2019 /EINPresswire.com/ — The Expanse.Tech™ Project today announced plans to launch a decentralized cryptocurrency exchange, providing the technical infrastructure to allow peer-to-peer trading through a user’s own Wallet. Expanse is building an ecosystem that provides for the entire lifecycle of a blockchain-based project, from idea to token deployment and now with EXPEX, exchange listing and trading.

Expanse also created Tokenlab™, a blockchain-based platform that provides tools for token and smart contract creation and management. EXPEX adds to the platform Expanse is putting into place to help blockchain entrepreneurs build their businesses.

“Powered by Expanse and inspired by our commitment to freedom, security and anonymity, we are determined to bring you the trading platform you’ve been waiting for,” said Christopher Franko, Expanse Founder and CEO. “EXPEX will set the standard for the decentralized crypto movement.”

EXPEX provides delivery, communication, and network access services without the need to deposit assets through a third party. In the more common centralized exchanges, users deposit their assets with the exchange, trusting that the exchange will hold them securely until they are traded or withdrawn. With decentralized exchange services, the assets never leave the users’ control until they trade them with a peer. This eliminates the need for a third-party money transmitter service to facilitate a trade for a fee. Using EXPEX is free; there are no transaction fees, since it has no role in performing the transaction.

“Along-side the rest of the industry, Expanse cautiously adjusted to market events and regulatory changes in 2018-2019, fine-tuning the platform strategy along the way,” said Franko. “The date for launching EXPEX is now within sight.”

EXPEX will be accessible within the Expanse Luna Wallet. You can download Luna from the Expanse website.The team is projecting that trading will begin third quarter 2019, while a campaign to sign up coins to list on the exchange has already begun. Access the listing application here.

To learn more about EXPEX and follow developments, visit our website.

About Expanse

With a nearly five-year history of consistent growth and stability, the Expanse.Tech blockchain uses cutting-edge technology with real-world utility to expand and grow, while rewarding its community, investors and partners. To learn more about Expanse, go to http://www.expanse.tech, join our Discord team chat at http://www.discordapp.com/Expanse or visit us on Facebook at https://www.facebook.com/groups/expanseofficial/. You can also follow us on Instagram at https://www.instagram.com/expansetech/.
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Doing Business in China

Jitendra Rathod, newsletter contributing editor, interviewed Alex Zhao, Expanse Ambassador and Business Development Director in China, on doing business in China, in regard to crypto and blockchain.

China, the most populous country in the world, is fast becoming an economic behemoth that by its sheer population can sustain awe-inspiring growth numbers. There is no sector in global economy that hasn’t been touched by the Chinese and the crypto market is no different. I spoke to Alex Zhao, our Business Development Manager in China.

JR – Every culture regards money a bit differently. The traditional values of what money means and the principles governing the earning of money are different for different people around the world. What’s the general culture regarding money in China and how do Chinese regard money?

AZ – China has had an ancient civilization that dates back centuries. Chinese people have a very strong traditional culture revolving around money, like most other civilizations. They are unabashed in their pursuit of earning money. They live by the adage “Like money, like to earn money, like to save money.” The pursuit of wealth is an integral part of Chinese life. And this has percolated quite strongly in today’s generation. Doing business and making a lot of money have become prime aspirations of many young people. We realize that money is what makes the world go round and we love to earn enough money to help realize our dreams. This culture hasn’t changed much. In fact, with the continuous enrichment of material life, people pursue money more strongly.

JR – What does a young Chinese aspire today? What has been the impact of an open, connected  world on the youth?

AZ – Young people today pursue economic independence through the Internet. Today, information is power and it is playing a vital role in shaping public perception to everything around us. The youth of today is, contrary to popular perception, very interested in what’s going around the world. Because those events will eventually shape their future by influencing their surroundings. Young people today have a very open mind, unlike any previous generations. At present, the attention spectrum of the youth, especially the teenagers, is very wide, and the traditional media can no longer meet so many interest points. The large capacity of network information satisfies the needs of teenagers to the greatest extent, and provides the most abundant information resources for teenagers. But there is also a bitter side to this. The Internet, which empowers, also makes many teenagers indulge in the virtual world and makes them lose touch with reality, and also makes many teenagers neglect their studies. Different from real social life, teenagers are confronted with a virtual world on the Internet, which not only meets their needs of possessing all kinds of information as soon as possible, but also produces dissatisfaction with reality. But that, I guess, is true for every technology that has ever appeared on the face of this planet.

JR – Let’s talk about crypto. When and how did interest in crypto began in China? How has it expanded? What is the current scenario among general people?

AZ – Bitcoin entered China around 2012. The  initial reaction of most people – the community was very small back then – was that it was a fraud, a pyramid scheme. Not a lot people accepted it. But in 2013, HUOBI and OKEX launched their services and this brought greater attention to Bitcoin and other cryptocurrencies. In 2015, I believe, after the launch of Ethereum, interest in crypto really took off. Then came the ICO craze of 2017 and many people literally made millions during that time. This was like fuel to the fire and more people started buying crypto assets. Now, I believe, the crypto market in China is more mature.

JR – With stringent governmental regulations, how do crypto enthusiasts in China find a way to be associated with this industry?

AZ – While there is a ban on ICOs in China, people still trade on exchanges like HUOBI and OKEX. These exchanges moved to other, crypto-friendly nations after the Chinese governmental crackdowns. The crypto community is pretty proactive here in China. They have a keen eye on the global markets and watch the prices and track news.

JR – What future do you see/wish to see for crypto in China? If you were to advise your government on crypto, what would it be?

AZ – The Chinese government has accepted the limitless capabilities of the blockchain technology now. There have been much news about governmental initiatives and support for blockchain technology. In November 2017, the Ministry of Public Security filed a patent application for a system based on blockchain that timestamps and stores data submitted to the cloud space to provide a more transparent and tamper-proof data preservation process. On April 9, 2018, China’s first ten-billion-scale blockchain industrial park was officially opened in Hangzhou, and the Xiongan Global blockchain Innovation Fund was led and funded by Hangzhou Municipal Government. The credit asset securitization project of the central government Bond Registration and Clearing Co. Ltd., based on blockchain technology is seen an important innovation in the exploration of blockchain technology in the field of asset securitization. I believe the Chinese government needs to review cryptocurrencies seriously and create a clear regulatory landscape governing its trading, taxation and the legalities surrounding crypto-based ventures. So although a blockchain-based venture has a better chance of being welcomed in China, cryptocurrencies are still a no-no. But you never know!

Frankomoto Update

We introduced one of the latest brainstorms from our leader, Chris, in a recent newsletter. It is a  new, never-before-used mining algorithm that will be completely unique to Expanse. We’ve made development progress. I know this because this week Chris tweeted:

“My devs just delivered Frankomoto V1 to me earlier today. @ExpanseOfficial development coming along great!”

Read detailed Frankomoto specifications here: https://github.com/expanse-org/XIPs/issues/4

Gander Enhancements

As we reported last month, Expanse Founder and CEO, Christopher Franko, defined the specifications for Gander v3. The specs include a slew of enhancements and new features. As this newsletter reports, we’ve had a few other things on our plates. Plus, we did not want to take Gander offline for any length of time. As a result, we’ve taken the approach of adding enhancements as we can. Asim outlined the following Gander additions since the last newsletter article:

  • LAB and PEX balances are now displayed.
  • Users can view miner distribution.
  • Many other performance improvements are in place.

Tokenlab v2.0 is Here!

The rumors are true. Tokenlab v2.0 is here. After rigorous testing, the upgraded system launched today.

Description of New Features

We’ve worked hard to build competitive advantage and ease-of-use into the Tokenlab functionality. We strive to offer a system that anyone can use fluidly. With the edition of many new capabilities and UI enhancements, we are closer than ever before.

Here are just a few of the new and improved 2.0 features, many of which evolved from community suggestions:

  • New Pricing. We have moved away from the two-coin payment requirement, landing on payment of only 1000 LAB to mint a coin. (There is still a 1 EXP requirement for gas―this we cannot control.) Using the system now helps to enhance the utility of LAB and incent more developers to choose the platform for their projects.
  • Platform Choices. Tokenlab users now have the option of choosing between two platforms: Expanse or Ethereum. After defining the token characteristics, users can choose to launch on either platform. We hope users choose Expanse each time, but having two options is a plus for our customer base.
  • token Wizard Protocols. Tokenlab now supports four network protocols: ERC20, ERC223, ERC644, and ERC621.
  • token Deployment Methods. token Wizard now supports three methods of token deployment, including deployment through Metamask, Automated deployment and Manual deployment. Instructions for each method appear when you make your selection.
  • Manage token Screen. A new module provides functionality that enables  you to manage your token once deployed onto the Expanse platform. You now have the ability to transfer your token to anyone, view the balance or supply, and generate Coupon Codes.
  • Coupon Code. The system provides the ability to generate a promo code to offer discounts (or free) use of Tokenlab features. This function is accessible on the Manage token screen.
  • Tool Tips. Tool Tips appear when you move your cursor into a data entry field. Tips define the field requirements.
  • FAQs. Frequently asked questions and answers now appear on most screens to help you navigate and to explain complex concepts.
  • UI Enhancements. Many minor system enhancements are now in place to improve the overall user experience. For example, when the token is deployed, a user can now copy the ABI and token address directly from the manage or view screens.

If you haven’t minted a token for your project, now is the time. We think we’ve achieved a best-in-class status for token creation and management. We hope you agree. Give it a whirl, then tell us what you think when you visit our Tokenlab Discord channel.

EXPEX Plan Announced

As promised, Expanse is moving forward with a plan to launch a decentralized exchange, EXPEX.

The date for launching EXPEX, Expanse’s much anticipated decentralized exchange (DEX), is within sight. The team is projecting that trading will begin third quarter 2019, while a campaign to sign up coins to list on the exchange will begin as early as next week.

“Powered by Expanse.Tech™ and inspired by our commitment to freedom, security and anonymity, we are determined to bring you the trading platform you’ve been waiting for,” said Christopher Franko, Expanse Founder and CEO. “EXPEX will set the standard for the decentralized crypto movement.”

EXPEX will be embedded in and operate within the Expanse wallet, Luna. This creates an infrastructure where Expanse provides the tools and trading environment.  EXPEX does not rely on a third party service to hold customers’ funds, but instead traders are in control of their assets and trade peer-to-peer. Recent FINCen guidance clarified that this approach eliminates the need to qualify as a money transmitter. https://www.systems.cs.cornell.edu/docs/fincen-cvc-guidance-final.pdf

It is not too early for users to create their Luna wallets. The Luna Wallet enhancements to accommodate EXPEX will occur over the next few weeks―well before trading begins. Go to https://expanse.tech/downloads/ to get started.

Expanse’s PEX token, airdropped to LAB and EXP holders last August, serves as  the EXPEX native token asset on the Expanse blockchain.

EXPEX acts independently within the Expanse Luna Wallet at the discretion of the user. There is no charge to use it and there are no trading fees.

The Expanse blockchain, a standard for security and stability, introduced the EXPEX prototype last year, anticipating that regulations would soon clarify a path forward. Here are samples of the feedback posted about the trial version tested in December:

“This is genius. Tokenlab mints the coins, but don’t stop there. List your newly-minted coin on EXPEX, usually a start-up project’s biggest challenge.”

“Embedding EXPEX in the Luna wallet is an elegant approach and easy access for trading. Its appeal will be off the charts.”

When Can We Expect EXPEX? The nuts and bolts are in place and tested. The website, EXPEX.io, will soon have a countdown to trading day and provide other pertinent information. Check back often. In the meantime, the team is blazing through tasks like solidifying the branding and identifying enhancements that result in presenting a top notch entry into the decentralized crypto-to-crypto trading space.

Special Technology Issue

This Expanse Newsletter focuses on all of the technology in the Expanse ecosystem. Over the past few weeks, we have completed and delivered awesome enhancements and solidified plans touching all of our products. None of this would be possible without assistance from our amazing community members. Whether its participating in beta-testing or offering suggestions in Discord discussions, our community keeps us on our toes!

I would also attribute much of our progress to all of our team members, whether they live in Pakistan, India, Guatemala, China or the US. Special thanks to @Farwah, @Maryum, and @Hamza who work day and night to make it all happen. You guys rock!

Behind the Tech with Maryum Saeed

Here’s an article submitted by Jitendra Rathod, newsletter contributing editor.

Hello dear community,

In this edition of “Behind the Tech” we are featuring Maryum Saeed, Expanse’s Project Manager, who is based out of Islamabad, Pakistan.

Maryum has completed her post-graduation in Project Management from Bahria University, Islamabad, with specialization in Innovation and Technology Management. Prior to that she did her Double Majors (4-Year Bachelors Degree Program) in Software Engineering and IT from Forman Christian College University, Lahore, Pakistan.

Coming from an academically-inclined family, Maryum was always fascinated with technology. Growing up in an age that has gadgets around everyone, she wanted to learn what drove those gadgets. While everyone else her age were content using their gadgets, she was more interested to know what was inside them and how they worked.

After graduating in 2016, Maryum started working at the head office of the prestigious Beaconhouse School. She worked on one of the school’s projects on Simulated and Immersive Environments. “That project was the actual beginning of my tech career. I worked there as an intern for 3 months and learnt as much as I could.” At exactly the same time, she had planned to start her Masters in Management Sciences so she started her job and her studies, both at the same time. “I used to work from Monday to Friday for eight hours and on weekends, I had my classes for the whole day. So for the entire duration of my course, i.e., one and half years, I hardly got any time for myself. But I believe those years were crucial to my fledgling career as I got a taste of what it was like to be working in an organization, pretty early in life. And I was still studying. I believe I got a great, early head start.

Maryum worked with two organizations before joining Expanse and since both of these jobs were of a general managerial kind, she had to stay away from technology for some time. After completing her post graduation, she had planned to switch jobs and that is when Expanse happened. “Initially, I found it pretty challenging, but I sort of slipped into the role easily. It was what I have been trained for – technology and project management. After all, challenges are what motivate you to learn more and make you a better professional. And at Expanse, I am working on projects based on cutting edge technology. Maryum has been with Expanse since eight months now and she is “loving every moment of it.”

Maryum’s role at Expanse is of a Project Manager on the various ongoing projects. Her major responsibility is to plan, assign, monitor and deliver the projects on time. She has daily meetings with the developers to assign and monitor their tasks and goals. “Although I am not directly involved in the project from a strict tech point of view, I am accountable for almost everything pertaining to the project. Project managers are the spearheads of a project and they ensure that the project is completed within the specified deadline and gets delivered to the client without any flaws.” Maryum believes that the most challenging part of project management is keeping the client, developers and all the stakeholders on the same page and maintaining the near-perfect balance of time, cost and scope.

When asked about what excites her at Expanse, Maryum is quick to note the constant buzz of anticipation and the sweet sound of creativity in the air. “Ever since I came here, I find something new happening every day.” She feels that there is always something new to learn and that is what keeps one moving ahead.

For Maryum, being focussed on one’s learning curve is vital to individual progress. “For me, this is an almost perfect job as I am involved in managing projects that are based on current technologies – something I am academically trained in. And I constantly keep myself involved in learning as much as I can about new technologies through a lot of reading and by also learning from the developers as they work on the projects.”

Maryum is quite positive about the future of the blockchain technology. “Personally, I believe that blockchain as a technology and all of its its varied facets will play a huge role in the development of both public and private sectors in the coming decade and no matter what people say, cryptocurrencies are here to stay.” She believes that Expanse is working splendidly on some great projects and it is going to have a brilliant future ahead.

Maryum is thankful to the Expanse Management for giving her this opportunity and providing her a progressive environment that is conducive to so much learning. “Everyone is so cooperative and full of encouragement. I couldn’t have asked for a better workplace.” Maryum plans to pursue her studies after a few years of work experience and she is interested in getting her PMP certification. We, at Expanse, look forward to her expertise during her time with us and wish her a great future ahead when she goes about chasing her dreams.

Call for Writers

As we announced previously,  Expanse is re-introducing a news aggregation concept targeting crypto enthusiasts. To The Moon News (ttm.news) is a site to access for original news submitted by our community or anyone who wants to showcase crypto-related articles, announcements, newsletters, and press releases.

We want to hear from you! This is a great way to share your original thoughts, gain visibility, and enhance your influence in the space. Our goal starting out is to post at least one new article every day. Please contact [email protected] to publish your insights and ideas on ttm.news.