How To Launch an ERC20 Token on Expanse Blockchain

Unless you are new to cryptocurrency chances are you have probably heard of the term ” ERC20 Token” and today, you are going to learn what that means and how to launch one on the Expanse network! So lets get started. ERC20 is a software standard or set of guidelines for creating tokens. But why do we need a token standard? To make it easier for companies to build software that easily integrates. Imagine for a second there were no standard.. Every new token would take a new set of rules which means increased cost and resource to integrate. In other words it would be a huge nightmare. ERC20 solves that.

In this article you will learn..

  • What an ERC20 token is.
  • How to download Expanse Wallet
  • How to create an account
  • How to launch your ERC20 token
  • How to share your tokens with others

Now that you understand what an ERC20 is, lets launch your first one!

Download the code for this how to launch your own erc20 token tutorial.

Step 1: Download The Expanse Wallet

Expanse Coin Wallet Download Link

Step 2: Create An Account

Step 3: Fund your Expanse Wallet

Every action on the Expanse network cost “gas”, gas is basically the fee we pay for computational steps. Because you are launching an Expanse contract you will need enough gas to cover this. 2 EXP is more than enough and if you join the discord.me/expanse chat and ask nicely im sure someone will help you out! Tell them Christopher sent you.

Step 4: Go To Contracts Tab

From this tab you’ll notice a few buttons. “Deploy New Contract” “Watch Contract” “Watch Token”. You will be clicking “Deploy new contract”. Later we will talk about the other two.

Step 5: Paste ERC20 Code from Token Repo in Text Area

Download ERC 20 code here.

After clicking “Deploy contract you will be taken to this view. Scroll down and you will see a textarea that says “solidity contract source code”. To get the source code you need for your token you can go to ERC20 Source Code  . Select all (ctrl+a or cmd+a), then copy (ctrl+c or cmd+c), then paste the source into the text area (ctrl+v or cmd+v).

To change the parameters of your token you will go to line 100 and look for the “constructor function”.

Step 6: Select ERc20 Code from Dropdown Menu

Step 7: Set The Gas To Launch The Contract & Click Deploy

Step 8: Enter Your Password And Click Send Transaction

Step 9: Your token will appear here

Remember the Contracts tab we visited earlier? The one where you clicked “deploy contract” well that is where your token contract will show up once you deploy it.

Step 10: Friends can add your token to their wallet.

All your friends need to do to add your token to their wallet is your token contract address and to click “watch token” on the “contracts” tab in the Expanse wallet. And thats it!

Fin!

With power comes great responsibility so use your new super powers wisely. Share your tokens in our discord channel.

Expanse Developer Grants

Expanse Grants Lifecycle

The grant process is a linear lifecycle that starts at creating the funding opportunity, applying, making award decisions, and successfully awarding the grant.

The specific actions along the lifecycle are grouped into three main phases. Each of the three phases has its own page that provides a more detailed look at the process:

  1. Pre-Award Phase – Funding Opportunities and Application Review
  2. Award Phase – Award Decisions and Notifications
  3. Post Award – Implementation, Reporting, and Closeout

Grant Pre-Award Phase

Application Review Process

Once the application submission deadline passes, the awarding team gets to work reviewing the applications. The specific process for reviewing an application varies based on the type of grant you applied for. The generally applicable steps are as follows:

  • Initial screening to ensure application is complete
  • Programmatic review and assessment of the substance of the applications
  • Financial review of proposed budgets
  • Award decision and announcement

Initial Screening of Application

In the initial screening, sometimes called a basic minimum requirements review, the grant team will check each proposal to make sure it includes all the requirements to qualify for the grant. What the specific requirements are will vary for each grant, but common elements are eligibility, whitepaper, stage of development and budget attachment. The key for the initial screening is that the grants team is looking for the presence of the required element, not the quality of the element. If your application does not meet all of these basic requirements, then your application is likely to be rejected.

Programmatic Review and Assessment of Applications

The remaining applications undergo a thorough review and assessment for their technical and programmatic quality and competency. Again, this varies depending on the type of grant you applied for. We plan to open up the review process to the community later and allow for public voting.

A common format is a peer review panel of at least three people, who assess and score each application independently. Then, the peer review panel will convene to discuss the merits of the applications. A series of policies and assurances are in place to maintain a fair, objective process based on material facts in the applications and without conflicts of interest (COI) for the peer reviewers. The expanse grants staff monitor and participate in this review process.

Financial Review

While an application may have technical and programmatic quality, your budget also needs to be well-documented and realistic. The expanse grants team conduct a cost analysis, reviewing each line item and the overall proposed budget to ensure compliance with statutory and financial regulations. Additionally, the financial review also factors in the total budget for the grant program in relation to how much money each application requests.

Grant Award Phase

Once we completes the application review process, the Award Phase begins. The final award decisions rest solely in the hands of the expanse grants staff with fiduciary responsibility and legal authority to enter binding agreements. Expanse Grants staff review and make award recommendations based on the programmatic and financial reviews of the applications. These recommendations are reviewed by a series of levels in the agencies to ensure high-quality, fair, and unbiased decisions.

Notice of Award

Once the final award decisions are made, the awarding agency sends a Notice of Award (NOA) to the entities selected for funding. The NOA is the official, legally binding issuance of the award. When you or your organization accepts the grant (i.e., by signing the grant agreement or by drawing down funds) you become legally obligated to carry out the full terms and conditions of the grant.

Grant Post Award Phase

The post award phase comprises a significant amount of work over the duration of the award dates, which includes implementing the grant, reporting progress, and completing the closeout requirements. The Expanse Grants team that makes the award to you is also there to assist and ensure you or your organization complies with the grant terms and conditions. Your job is to faithfully and diligently carry out the grant program.

Reporting

The agency monitors your progress and expenditures through various programmatic and financial reporting procedures, as well as using performance metrics per the grant agreement. While the majority of award recipients carry out the grants ethically and efficiently, these monitoring procedures are necessary to maintain transparency and to prevent fraud and abuse.

The awarding team typically has a grants management officer and program officer designated to each grant, both of which you will work with throughout the life of the grant. They are the ones who will review reports and conduct site visits, so we recommend you build an effective line of communication with these staff members. It is better to prevent issues by talking to your grant and program officers to clarify grant terms or expectations than it is to submit a report and wait for problems to be identified and recourse initiated.

The specific reporting requirements, schedules, and systems can vary for each grant, so please check with your grant management officer for the grant terms and conditions carefully for this information.

Closeout

The closeout step is where the grant process ends. In order to complete a closeout, you, the award recipient, must submit the final financial and programmatic reports. The receipt must submit all financial, performance, and other reports required under the grant within 90 days after the grant award expires or is terminated. The Expanse Grants staff will review these reports to ensure compliance will all the grant terms and conditions as well as to make sure you spent all the funds appropriately.

How do I know when a grant is officially over? The Expanse Grants team will confirm that the recipient has completed all of the required grant work and all the applicable administrative tasks. Until the Expanse Grants team confirms this, you are still responsible for fulfilling all the terms of the grant. The closeout process can take several months if there are financial concerns or questions to reconcile. Also, if you or your organization acquired any property using grant funding, the closeout step is when you must make sure to handle this property exactly as the grant stipulates, which includes completing the appropriate reports on this property. Lastly, you are typically required to retain your grant records for at least three years from the date of the final expenditure report.