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Friday, May 14, 2021
Home News Expanse Project Announces Launch of the Expanse Bond System (EBS)

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

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.

Richard Kasteleinhttps://www.the-blockchain.com
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, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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