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.