WASHINGTON, N.C., Feb. 7, 2017 /PRNewswire/ -- Key
Facts:
- The Expanse Bond System, (EBS), is designed to incentivize and
reward buying and holding EXP.BOND tokens for a pre-defined period
of time.
- Unlike traditional currency-based bond systems, EBS uses only
native EXP to reward those who participate.
- EBS uses smart contract-based simulated staking on the
blockchain with decentralized open source parameters.
The Expanse Project announces the development and launch of a
new reward system, Expanse Bond System (EBS). It incentivizes
EXP.BOND buyers to hold their tokens for a pre-defined time period
with the prospect of receiving EXP tokens as rewards. It is
conceptually similar to traditional financial instrument bond
systems, except that it uses EXP tokens instead of currency.
"Traditionally, bonds are investment tools used by companies
and governments to raise capital. The EXP.BOND differs in that the
capital raised from purchase of tokens only serves to incentivize
holding Expanse—more like a self-funded, secured token savings
account," said Christopher
Franko, Expanse co-founder and lead developer. "The
objective is to incentivize buying and holding EXP off of the
exchanges."
EXP.BONDS cost 100 EXP, pay a coupon rate of 1 EXP per month,
and have a maturity date of one year from the time of purchase.
EXP.BONDS also have a multiplier for every 100 EXP used to purchase
the bond.
"EBS uses only the native token of Expanse, and EXP.BONDS do
not transfer into any other type of token or currency," said
James Clayton, Expanse co-founder
and community manager. "EBS is a unique blockchain-based
token system and not a currency system. It uses only the Expanse
Cloud and our own ecosystem—no other company or financial system is
involved in any way whatsoever."
EXP.BONDS are not transferrable; however, since they can be
purchased in units as small as 100 EXP, they make ideal gifts for
friends and family.
About Expanse
To learn more about Expanse, go to http://www.expanse.tech,
join our team chat at http://slack.expanse.tech, read our blog
at http://expanseofficial.tumblr.com, or visit our Facebook
site at https://www.facebook.com/groups/expanseofficial/.
You can also follow
us on https://twitter.com/ExpanseOfficial, https://bitcointalk.org/index.php?topic=1173722.0 and https://www.reddit.com/r/expanseofficial.
For More Information:
Marcia Danzeisen
Marcia@expanse.tech
Expanse is the source of this content. Virtual currency is
not legal tender, is not backed by the government, and
accounts and value balances are not subject to FDIC and other
consumer protections. This press release is for informational
purposes only.
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SOURCE Expanse(TM)