Expanse Project Announces Launch of the Expanse Bond System (EBS)

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The Expanse Project has announced the development and launch of a new reward system, Expanse Bond System (EBS) which incentivises 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,” aid 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.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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