What is TOKENLAB by Expanse Cryptocurrency?

Expanse.tech was created as the first stable fork of Ethereum by extremely respected and well-known cryptocurrency developer, Christopher Franko.  James Clayton, founder of the Cryptocurrency Collectors Club, and Dan Conway

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Expanse.tech was created as the first stable fork of Ethereum by extremely respected and well-known cryptocurrency developer, Christopher Franko.  James Clayton, founder of the Cryptocurrency Collectors Club, and Dan Conway are also co-founders of Expanse.

tokenlab founders

Expanse itself is blockchain agnostic and works as a platform with cutting edge blockchain technology on which community members can make anything that catches their fancy.

The organization is kept as close to self regulating as possible by the adoption of a Decentralized Autonomous Organization system with a self-funded design.

Expanse plans to be one of the world’s foremost blockchain systems and revolutionize everything from governance, charity, equity to commerce and identity.

TOKENLAB by Expanse

TOKENLAB by expanse cryptocurrencyTOKENLAB is an integrated system by which tokens can be created on the Expanse blockchain.

Members utilizing the system will be able to start ICO’s that have smart contracts’ built into them.

This is essentially a time-locked distribution system that will prevent funds being dumped onto the market and thus erode away investor wealth rapidly.

Tokenlab is using the LAB token that is pretty unique in its value offering since it will pay out a percentage of the value of all future tokens created using Tokenlab.

Any member that creates an ICO using tokenlab will pay out a percentage to all LAB holders.

LAB TOKEN

The first token after the launch of Tokenlab will be the Lab token. Once these tokens have been issued, members can start new ICO’s on the system.

Since every member will be required to pay a certain percentage of Lab tokens to start an ICO, it should help fight spam. Also, since every lab owner will continue to get value from further ICO launches, it acts as an excellent decentralized incentive mechanism to get momentum for the project.

All the developers need to do to be eligible to receive future new tokens is to hold Lab tokens in their Expanse Wallet. Every Lab token holder will get an equally distributed part of 5% of the new tokens from the ICO.

As the community widens with each launch, every subsequent launch on the platform will ensure a wider distribution and better decentralization than the earlier one.

How Many LAB TOKENS will be available at launch?

Tokenlab will launch in 2017 although the exact date is yet to be announced.  A fixed amount of 100 million Lab tokens will be available and they will continue to decrease in number as ICO;s are launched. The decreasing cost will vary according to the customization and special features of the ICO.

It is also interesting to note that the Tokenlab team is not going to be keeping or premining any Lab tokens for themselves and that all 100 million will be available to buyers. Developers that start their own ICO’s though will have an option to keep a certain amount of tokens for themselves if they so wish.

The sale of these tokens will last for 14 days and as mentioned earlier, the exact date has yet to be announced. Tokenlab will be accepting Expanse, Bitcoin, Litecoin, and Etherium for sale of the tokens although only Bitcoin and Etherium will be accepted during the pre-sale.

There is no option to pay fiat for tokens and any lab tokens that remain unsold will be destroyed increasing the scarcity. It should also be noted that there is a small transfer fee when transferring your tokens and that the lab will require a minimum holding of Expanse in Expanse Mist Wallet.

Should You Trust Tokenlab?

This is ultimately the most important question that you need to think about because the cryptocurrency community has been burned too often in the recent past.

As with any other ICO, there are certain risks involved and the Expanse team has made it crystal clear that they are absolving themselves of any responsibility should something like people not receiving their tokens, or not being able to buy them or anything else goes wrong.

There are some solid reasons to trust Tokenlab as:

· It has the support of the entire Expanse.tech community

· Has the backing of some very well known and respected developers

· Token buyers are somewhat protected by time restricted funds

· The token lab team will be reviewing any future ICO’s on the platform and sharing their objective opinions with buyers so that the potential for scams or fly by night operators is reduced.


Written by: dhruvgupta

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What is Expanse Cryptocurrency?

Expanse is a cryptocurrency that is visualized as being truly decentralized and independent in a way almost no other cryptocurrency currently is. It was created as a stable fork of

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Expanse is a cryptocurrency that is visualized as being truly decentralized and independent in a way almost no other cryptocurrency currently is.

It was created as a stable fork of Ethereum by respected and trusted cryptocurrency developers Christopher Franko, James Clayton, and Dan Conway.

Expanse sought to differentiate itself by not having an ICO to crowd fund the currency but through the creation of value by the products that its team builds on the platform.

They also have a smart contract system called Borderless Technology that is very versatile to use and forms the foundation of the DAO (decentralized autonomous organization).

Community Involvement

expanse.techEvery single person that holds Expanse can vote and suggest ideas about the future of the currency.

In fact, even people that do not hold Expanse can suggest ideas that can be taken up by the community.

This democratic method of functioning allows the community to take control of the currency as its own and then mold into whatever they want.

 

Self Funding Model

Expanse has also sought to build a self-funding model that keeps it truly independent and decentralized. A small reserve of all smart contracts for the DAO is used to fund the platform and in theory, this could keep it running without needing outside funding for a very long time, maybe even forever.

Expanse aims to be the platform on which cutting edge blockchain technology is used to provide solutions for identity, governance, equity, commerce, and charity. All of these areas will function independently under the DAO format but also work together with each other to form EXP.DAO.  See more on Bitcointalk.

Mining Expanse

Expanse is based on the Ethereum code base and follows the Dagger algorithm. There are plenty of Expanse mining pools available like EXP.POOL, HODLPOOL, SUPRNOVA, DWARFPOOL, AKASHA, DIGGER.WS, MINANDOANDO, and MINERPOOL.NET

Exchanges

Expanse is available to be traded on Poloniex, Bittrex, changelly, coinvc.com, bleutrade and alcurex.

Expanse Bond System

This is an innovative method that is used to incentivize the buying of Expanse cryptocurrency and then holding it to earn more value. The bond system rewards people only using the traditional EXP and functions similar to a self-funded, secured token contracts system.

Traditionally, it is only those who have got in early on a cryptocurrency or have enough money to get enough coins and setting up a Masternode to reliably stake rewards that have benefitted from this latest trend of staking in cryptocurrency.

Expanse is doing things a little different and allowing both the small investors as well as the big fish to make some money. The expanse Bond System is offering a fixed interest rate to small and big investors but requires the coins to be held for a minimum of six months.

This helps the coins move from the sell books on exchanges and increases its holding in the wider community. This system is also unique in that the coins will be tradeable after the lock-in period has been fulfilled.

Advantages Of The Bond System

The major advantages of this Expanse Bond System are that a Masternode can be set up with ease and does not even require a running computer once it has been started. The rewards are proportionally fair according to the investment and pay out every 30 days.

The disadvantage is that people will have to wait 30 days for their payout and they may not like the lock-in period. A six month lock-in period can be a very long time in the world of cryptocurrency.

Partners

Expanse has gained a lot of credibility in its two years of so of existence and has massive companies like Microsoft Azure, Microsoft BizSpark, CenturyLink, Changelly, Gameboard and Jaxx on board as partners.

Conclusion

The Expanse cryptocurrency is a well fleshed out and mature offering, something that should be expected from experienced and well-respected cryptocurrency developers. It has already created tremendous value for its community and continues to gain traction among the wider cryptocurrency pool.

Its unique advantages of being completely decentralized and self funding, low transfer fees, numerous incentives for small and large investors as well as partnerships with a number of well known brands make it a very attractive cryptocurrency to mine and invest in.

Like any other cryptocurrency, it comes with risks of volatility but the level of decentralization built into every ICO on its platform makes Expanse relatively stable.

Editor’s Note:  Also see our article about Expanse and TOKENLAB

Written by: dhruvgupta

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What Is Musicoin and What Makes It Special?

Musicoin vs. Tradition            Musicoin (traded under the symbol MUSIC on cryptocurrency exchanges such as Bittrex and Cryptopia) is a project within the cryptocurrency realm that is striving to better

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Musicoin vs. Tradition           

musicoin cryptocurrency reviewMusicoin (traded under the symbol MUSIC on cryptocurrency exchanges such as Bittrex and Cryptopia) is a project within the cryptocurrency realm that is striving to better allow music creators and artists to connect to their fans and listeners.

It is touted as “The World’s First Smart Cryptocurrency For Music”.

Traditionally, but still popular today, an artist or producer would connect to their fans by sharing their media and recordings online through popular social media sites – Facebook, Twitter, Instagram, etc. – where people can not only follow and see what their favorite artists are up to, but also listen to their favorite music as well.

Current Price Of Musicoin

Tradition vs. Artist                 

The unfortunate downside to using music sharing sites like Spotify, iTunes, and Youtube  is that the sites receive the majority of profits per stream/track-play and an artist would give up or share their licensing rights to these popular sites in hopes of gaining popularity.

While this is an effective means to promoting one’s music, the artists themselves are usually last in line to see any profits made off of their recordings – between what their fans pay for subscriptions to these sites, and to whom they are actually listening to.

Artist vs. Blockchain

How Does Musicoin Work?          

Musicoin works by allowing musicians to license their work as a Smart Contract, or coded contract, to a Blockchain – a decentralized, public (open) record.

These contracts work as a middle-man; automating the distribution and collection of ‘royalty’ payments to the artist directly.

An artist may take their recording and upload it to Musicoin’s site, musicoin.org, and fans can search and listen on their network similar to other common methods/sites today.

Artists then receive these credits, through what is called a Pay-Per-Play (PPP) method, deposited directly to the artist’s “wallet,” or account. The more popular any given song is, the more credit the artist/uploader would naturally receive.

Blockchain vs. P2P                 

Other previous methods such as Napster, Limewire, (P2P torrent, Peer-to-Peer sharing) although beneficial to an artists’ material being promoted and becoming known, does not give credit in the form of royalties for a producer’s hard work at all.

By connecting artist and user directly, and keeping record of popularity by track-counting through a PPP network, both are rewarded in a sound matter.

More On How Musicoin Works            

As the Musicoin project was first started, the initial issue of who would be supplying these credits to the artists was a question in large; as with any Blockchain, blocks need to be mined, and this requires processing power by a “miner” to validate what can be seen as a “transaction” when any given song is played.

Regardless, as with any cryptocurrency, popularity is what creates value. What better environment for popularity, where the nature of music and music-sharing is focused on exactly that?

How To Publish Your Work With Musicoin

Why Musicoin Works            

Referring a post from one of the developers:

“We will make the entry barrier as low as possible for musicians and listeners alike, to avoid the risk of becoming yet another echo chamber of blockchain enthusiasts […] We aim to be generally useful and accessible to the general population from day 1.”

“To those ends there will be a global music catalog, which enables musicians to create and publish their licenses and also funds playbacks out of its own account, as long as we can mine them fast enough, so that listeners can test the system without needing to acquire coins.” – hackermoon.com/

How Musicoin Is Different    

More directly to other ‘blockchain enthusiasts’ and coin creators, an issue in large part is the idea of “pre-mined” coins, as it has been seen necessary for initial interest to gain start-up users, does not continue to hold value for any given ‘-Coin’ in the long-run.

Although not necessarily always true, it is popularly viewed as un-sound with any given digital currency (blockchain).

Musicoin differentiates with another point-of-interest:

“We will not allocate any coins at the genesis of the blockchain to anyone. This means there will not be a so called ICO (“Initial Coin Offering”) and no coins will be allocated as payment to the creators.”

Ideals surrounding Musicoin in its creation, making what it seems a sound investment in itself, by the developers.

Opportunity for Large Stakeholder Groups?

Current record labels in the music industry would very much be able to adapt to this system of a PPP network, and benefit from it as well.

This is made possible by the enlargement of MC’s “market scale” by nature – as the greater volume of coins become to be.

Once a part of the MC blockchain, their copyrighted content and works further provide value to this up-scaled music ‘consumption’ – and value is immediately returned to the stakeholder group. Much like a drummer, guitarist, and vocalist as a part of a band for example split ‘royalties’ for any given song (Smart Contract “copyrighted” work), stakeholder’s split profit per their media play shares.

Opportunity for the Individual

Musicoin offers something much different than the traditional way of ‘vast profit margin’ between artist and listener while keeping the very much relevant way people use and share music intact. The profit of one’s hard-invested work is going somewhere, why not directly into the wallets of those who deserve it most?

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