The EXPEX development team, led by Asim Ashfaq, has updated the development timeline for EXPEX, given a change in their approach. The team has been heavily immersed in the design process and is now moving into development. Here is the revised timeline
And we have a winner! Two weeks ago we announced that Expanse is having an EXPEX contest. The prize is that one lucky project will receive one year of listing on our decentralized exchange at no cost. That is a $10,000 USD value.
We received hundreds of entries, and the winner of the free listing is the Ether-1 Project. The Ether-1 Project aims to completely disrupt how information is shared and controlled. It is a fully decentralized hosting platform that combines blockchain indexing technology and the IPFS protocol to deliver decentralized content on-demand. It utilizes the node network for storage and bandwidth, along with providing DDoS protection, censorship resistance and high reliability due to not having any single points of failure.
“We are thrilled to have won this listing and about the new exchange in general,” said Ether-1 Project Manager, @Primate411. “We need more exchanges like EXPEX to stop relying on huge exchanges that don’t have the users’ interests at heart.”
“We are happy to welcome ETHO to our impending trading platform,” said Christopher Franko, Expanse CEO and Founder. “It is a real credit to the ETHO-1 community members, whose loyalty and support led to the win.”
Congratulations Ether-1, and welcome to the Expanse ecosystem via EXPEX!
Expanse is having an EXPEX contest! One lucky project will receive one year of listing on our decentralized exchange at no cost. That is a $10,000 USD value. Here’s how to participate and give your favorite project a boost:
- “Like” the contest tweet: https://twitter.com/ExpanseOfficial/status/1150950804209250304
- Type the name of the project/coin ticker in the comments below the tweet.
- Retweet the contest tweet.
One lucky project will be selected randomly for the free year of listing. The contest ends July 30. Watch for the announcement of the winner in our August 1 newsletter. Spread the word!
Following is the timeline for EXPEX development and deployment. The dates on the infographic represent the various stages in the process. This plan was developed by our Project Management Office (Farwah) and blessed by Christopher and Asim. We will monitor progress closely and report back periodically.
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.
Expanse to Present Plan June 1
As you may remember, on August 31, 2018, the Expanse team airdropped a new token, PEX, to the Expanse and Tokenlab communities. Airdrops are a straightforward way to bootstrap a user base for a new product, in this case, the Expanse Decentralized Exchange, EXPEX.
The airdrop piloted the Tokenlab Airdrop module, one of the applications that comprise the Tokenlab self-service suite of products designed for token creation and management. It went off without a hitch. (If you have not found your PEX, email [email protected])
Expanse secured the services of an external development team to create EXPEX. Our development team under Asim (@asimashfaq) tweaked it, then readied it for beta-testing. Community volunteers conducted the testing, leaving comments like, “Very intuitive and easy to use,” and “Awesome.”
As with anything newish introduced in the cryptosphere, governing regulations and guidance are not far behind. We know a lot more now than we knew in August about DEXs, and new insights have guided where we now plan to take EXPEX. The FinCEN guidance just released is favorable. You can read it here: https://www.systems.cs.cornell.edu/docs/fincen-cvc-guidance-final.pdf
Taking this updated information into account, here are some highlights about where we are headed:
- EXPEX will be developed directly within the Luna wallet.
- Users pay $0 (zero) trade fees. (Gas fees are paid by the user and the network implicitly.)
- Projects will pay a reasonable annual listing fee — somewhere in the $1000 USD range. The exact amount is yet to be determined.
- Tokens minted using Tokenlab receive EXPEX listing priority. The cost is 1000 LAB to mint the token and one EXP for gas.
- Projects interested in listing on EXPEX can apply here
We will make a more formal announcement, including a timeline and other concrete information, on June 1. We plan to have an operating committee in place comprised of community volunteers, specifically EXPEX beta-testers who want to participate. Hang on to your PEX! EXPEX will be here before you know it.
There have been a few changes to our roadmap since last published. Note that, while we are hesitant to commit to exact release dates, (that rarely works), we have provided the projects in order of anticipated release timeframe.
- Token Creation Wizard (Launched): Using smart contract technology, create utility tokens for your project. Let the wizard lead you through creating, naming and setting parameters for your token. Launch your token on the Expanse blockchain.
- Tokenlab 2.0: Token Manager and coupon functionality
- UKYC™: Use the Universal Know Your Customer (UKYC™) Identity Verification module for user identity verification wherever it is required.
- EXPEX: Our new decentralized exchange, EXPEX, launches inside the Luna Wallet, allowing peer-to-peer trading services.
- Luna Wallet, 2.0: The next generation of the Expanse Luna Wallet with rich new features.
- Module Marketplace: Find useful utilities (dApps) to help you manage and market your token-based business.
- Tokenlab Crowdfunding: The Tokenlab crowdfunding platform provides a variety of solutions for crowdfunding. License our software to run on your own servers or use the self-service portal available from our website.
As you know, EXPEX, our decentralized exchange for peer-to-peer trading, has been through beta-testing.The feedback from the testers was very positive, with just a few outstanding user interface items left to be addressed. With Tokenlab about to launch, it is more important than ever that we deliver EXPEX so that the newly-minted tokens can be listed on it.
Subsequent to the beta-test, the decision was made to have EXPEX reside within the Luna Wallet. This will require some additional programming, but it will allow for more frictionless trading.
At the same time, our founder, Christopher, is creating another Tokenlab component, UKYC, which will be made available.on the Module Marketplace. Universal Know Your Customer provides user identity verification for your products or for members of your organizations―anywhere validating identity is required.
Here’s how it works: Tokenlab UKYC creates a profile for each user that signs up and completes the KYC requirements. Once approved, the profile is assigned a “badge” in the form of a barcode. This badge can then be used wherever KYC is required. There is no need to complete the cumbersome KYC process ever again. Simply scan your badge anywhere the UKYC symbol appears. Companies everywhere will leverage our UKYC badge system for a nominal fee. Watch for the release of UKYC late in the first quarter.