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- 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.
February 7, 2017 WASHINGTON, NC. – 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
Read more ... source: Bitcoin Warrior
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