What is happening with TokenLab?
There was supposed to be LAB integration with Gander and launching LAB on exchanges in November.
TokenLab was supposed to be open with like 10 ICO's simultaneously in December.
January was supposed to be Public Release.
Also what is the status of listing on exchanges?
I feel that it was very unfair for the Expanse team to promise investors a HitBTC listing before actually signing a contract with them and confirming it with the exchange.
Can you guys offer a refund option?
You have all of our crypto held right now and making more money from the gains that occurred after the TokenLab ICO while we are holding LAB that cannot be used anywhere and have no value until an exchange listing which seems like it will never come to a liquid exchange.
This is every investor's nightmare.
Although I would also like an update, I think your message is clearly asking for a way to quickly sell your tokens because you're already impatient. It is normal for things to take time. When the coin hits an exchange I will be happy to pick up your extra coins at half price.
The problem with ICO's is they ask for money up front and then under deliver.
TokenLab is basically a money grabbing experiment with no possible exit for LAB investors because there is no demand for anything running on the TokenLab platform.
That is why TokenLab will never get on any exchange with decent liquidity. Maybe small shady exchanges. Expanse is only on big exchanges because it was there since the beginning.
At least on Ethereum platform, there are decentralized exchanges like RadarRelay and EtherDelta where even the worst ICO's can get listed and be traded.
TokenLab is a problem because no one uses Expanse for anything in the real world besides mining for profit.
TokenLab is pretty much doomed at this point because no major exchange wants to list a tiny unknown coin without paying a high price.
I know for sure Expanse team, despite raising almost $1,500,000 plus appreciated value since ICO, will never spend anything large enough to get on an exchange.
It is not major exchanges fault for not listing TokenLab, There is no demand for TokenLab so no exchange wants to go through the hassle of listing and maintaining a tiny coin without a large sum of money for their efforts.
The costs of listing TokenLab on anything reputable is beyond what the Expanse team will pay. TokenLab holders are looking at it from a perspective that LAB is valuable and getting angry that no one is listing it.
Etherdelta is no longer decentralized.
Truth be told, there has been some delays, but these have been out of control; especially when Hitbtc held LAB hostage for being added. Just because an ICO gets on a major exchange, does not guarantee success. History can go prove evidence of top ten tokens being on major exchanges, and years later, these tokens are outranked by other tokens with solid developer and adoption. There's already been a few tokens that are suspect to being 100% scams. DYOR, and you'll know which ones they are.
The fact is, some ICOs are paying massive amounts on money to get on these so-called "big exchanges". I've see reports that STRAK paid $1mil to get on Hitbtc, and RPX is doing this insane contest, and God knows what they paid to get on Kucoin. The more this goes on, the more difficult this will be for all ICOs. Keep in mind ICOs are just like Kickstarter, but it allows investors something back. With this being said, smaller ICO projects will have even more difficulty accomplishing their goals and project development.
LOL, this comment. "I know for sure Expanse team, despite raising almost $1,500,000 plus appreciated value since ICO, will never spend anything large enough to get on an exchange."
Were you there when Hitbtc agreed to list LAB for 6btc, then it went up higher, and we agreed to pay $100k, and then increased it to $500k? I was, and it was complete BS. Exchange code and be created far less than $500k.
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It is not major exchanges fault for not listing TokenLab, There is no demand for TokenLab so no exchange wants to go through the hassle of listing and maintaining a tiny coin without a large sum of money for their efforts.
The costs of listing TokenLab on anything reputable is beyond what the Expanse team will pay. TokenLab holders are looking at it from a perspective that LAB is valuable and getting angry that no one is listing it.
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How do you know? We're getting clients in que asking to have an ICO created. The platform in being created, and it will be very easy for any ICO project to be created without the need of a developer team.
