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Topic: [PRE-ANN] Expanse (EXP) - Fair Mining, Fair Launch, No ICO, Based on Ethereum. - page 11. (Read 25073 times)

legendary
Activity: 1554
Merit: 1001
Hmmm, interesting, I'll keep my ears open Cheesy
hero member
Activity: 966
Merit: 550
Wow I saw the link to the Ann and thought "brace yourselves for another newbie dev" pleasantly surprised it's not. Will be watching this, good luck guys  Smiley
hero member
Activity: 658
Merit: 500


Expanse (EXP) - Fair Mining, Fair Launch, No ICO, Based on Ethereum.

Pre Announcement:

Expanse (EXP) is based on Ethereum and designed to be fair for miners. We will have fair distribution, a fair launch, and no ICO.

The team is being led by Christopher Franko of the Franko collective, and James Clayton of the Cryptocurrency Collectors Club, along with other coders, marketers, and those skilled at art and publications in the crypto world. There will be a small staged multi-sig reserve to pay for development. This is to ensure long term commitment to development with an increased incentive for the team.

Why make it? Ethereum is a fascinating project and we think it would be very interesting to experiment with some key differences, while also seeking to simplify user experience as greatly as possible.

We ask that you consider mining and perhaps joining the community, everyone is welcome. Help us make this fair version of Ethereum something special and unique, and perhaps even fun and profitable!

More information coming soon -- Franko has already created the build and various possibilities are being discussed. If you want to join the discussion, send a PM  with your email address and I can add you to our slack. Thanks!

Should this be dubbed the project of the "trustworthy group"?? Yes, I'm also into this.

-east
legendary
Activity: 966
Merit: 1001
This looks very good and promising i`m watching this.
legendary
Activity: 896
Merit: 1001
how much is the premine going to be?

I didn't see anything regarding a premine.  Although a small premine would be acceptable.  I would rather see a percentage of all POW going to a development fund.

here

There will be a small staged multi-sig reserve to pay for development. This is to ensure long term commitment to development with an increased incentive for the team.




Missed that.  Thanks. That changes everything.  What's the amount of the premine?  Thanks.
newbie
Activity: 14
Merit: 0
how much is the premine going to be?

I didn't see anything regarding a premine.  Although a small premine would be acceptable.  I would rather see a percentage of all POW going to a development fund.

here

There will be a small staged multi-sig reserve to pay for development. This is to ensure long term commitment to development with an increased incentive for the team.


hero member
Activity: 742
Merit: 500
Looks scammy to me.
Copying ethereum to gain fast cash

Says the dude who bought a sr member account. If you've been around, you'd know the devs here are some of the most reputable around in terms of honesty.
legendary
Activity: 896
Merit: 1001
how much is the premine going to be?

I didn't see anything regarding a premine.  Although a small premine would be acceptable.  I would rather see a percentage of all POW going to a development fund.
legendary
Activity: 896
Merit: 1001

What do you think about declining rewards over time, either smooth or block halvings? We are currently discussing it.

Rewards should decline. You need to have a way to reward early adopters or else adoption will never happen. A lot of people will cry about it, but it's a reality. Decreasing block rewards are a feature of successful coins.

PoS should also take over, sooner rather than later. Yeah, sounds bad. Boo hoo. But the winning clone will have that model.



I agree with you, I think there should be declining rewards, gradually. If we go POS it would make the most sense to go POS in a year along with ETH. (I just want people to chime in and agree with us)


Wink

I'm not a big fan of POS.  100% POW is ideal.  But if you go with POS in a year, POS rewards should initially be minimal and require a longer time for coin maturity than typical.



Interesting, I had some of the same thoughts. If we do that change in a year, some sort of gradual switch.

The problem with POS coins is that what happens is an entity or entities in collaboration can combine coins and control a large percentage of the stake without any form of continual output of resources as is required with POW.
newbie
Activity: 14
Merit: 0
how much is the premine going to be?
full member
Activity: 203
Merit: 100
the best new coin to come out in a long time.... no ico, fair launch, no newbie devs, i'm in.  good chance to do what ether didn't.
legendary
Activity: 1470
Merit: 1000
cryptocollectorsclub.com

What do you think about declining rewards over time, either smooth or block halvings? We are currently discussing it.

Rewards should decline. You need to have a way to reward early adopters or else adoption will never happen. A lot of people will cry about it, but it's a reality. Decreasing block rewards are a feature of successful coins.

PoS should also take over, sooner rather than later. Yeah, sounds bad. Boo hoo. But the winning clone will have that model.



I agree with you, I think there should be declining rewards, gradually. If we go POS it would make the most sense to go POS in a year along with ETH. (I just want people to chime in and agree with us)


Wink

I'm not a big fan of POS.  100% POW is ideal.  But if you go with POS in a year, POS rewards should initially be minimal and require a longer time for coin maturity than typical.



Interesting, I had some of the same thoughts. If we do that change in a year, some sort of gradual switch.
legendary
Activity: 896
Merit: 1001

What do you think about declining rewards over time, either smooth or block halvings? We are currently discussing it.

Rewards should decline. You need to have a way to reward early adopters or else adoption will never happen. A lot of people will cry about it, but it's a reality. Decreasing block rewards are a feature of successful coins.

PoS should also take over, sooner rather than later. Yeah, sounds bad. Boo hoo. But the winning clone will have that model.



I agree with you, I think there should be declining rewards, gradually. If we go POS it would make the most sense to go POS in a year along with ETH. (I just want people to chime in and agree with us)


Wink

I'm not a big fan of POS.  100% POW is ideal.  But if you go with POS in a year, POS rewards should initially be minimal and require a longer time for coin maturity than typical.

legendary
Activity: 1470
Merit: 1000
cryptocollectorsclub.com
Nice logo...hire that man!  Cheesy

I explained what I had in mind and he nailed it. I think he did his best logo ever.
hero member
Activity: 710
Merit: 500
Nice logo...hire that man!  Cheesy
legendary
Activity: 1470
Merit: 1000
cryptocollectorsclub.com
I am happy trading the real Ethereum on Poloniex and I think it's fair.
I won't be supporting this clone of it.
All you are doing is cloning them and making a big premine to dump on the noobs who will buy it from you.

Great, have fun, I trade Ethereum as well and I mine it.
member
Activity: 105
Merit: 10
I am happy trading the real Ethereum on Poloniex and I think it's fair.
I won't be supporting this clone of it.
All you are doing is cloning them and making a big premine to dump on the noobs who will buy it from you.


It's a clone that is being launched fairly and with fair mining, I highly doubt this will be a pump and dumped then abandoned project.

CCC backing it....alot of reputation at stake....first eth clone? Interesting project
legendary
Activity: 1470
Merit: 1000
cryptocollectorsclub.com
How much is the premine?  What are the steps to how it will be allocated?

what will be ready at launch? windows , mining tutorials ,etc


from what i know of franco and james, i dont think they are in this to scam but rather wanting to create something here
wishing you good luck. watching closely  Cool

The discussion is ongoing in slack, it would be staged over a great deal of time and multi-sig. It really depends how big the team will be and what we think the market value would be. There is no ICO, and frankly, we can't compete with serious miners and just try to mine like crazy and then work based on that. We are small time hobbyist miners. So we needed some fair plan to hire as much top notch talent as possible, and we need them to stick around and maintain some elements of the tech.

Franko has supported his coin for years, and I have been involved in one other coin over all the years I have been in cryptos, and I still support it. So we are not the sorts to go coin hopping and bsing. The only way we could make a lot of money with this is if the coinmarketcap value goes over a million, and if that were to happen I imagine miners would be very happy and this would be a huge success. We are doing this because we love cryptos and Ethereum is an amazing project, so why not experiment with it and try new things, and have fun? Franko is also talented and honest, and we get along really well, so we have a great core team to start with.

We are a meritocracy, if people get involved and are valuable, they will be rewarded and might be able to join in. I am also very impressed with Mike stepping up and helping with the logo, and a lot of others in Slack are providing valuable feedback as well. Smiley

legendary
Activity: 1274
Merit: 1000
How much is the premine?  What are the steps to how it will be allocated?

what will be ready at launch? windows , mining tutorials ,etc


from what i know of franco and james, i dont think they are in this to scam but rather wanting to create something here
wishing you good luck. watching closely  Cool
sr. member
Activity: 435
Merit: 250
Looks scammy to me.
Copying ethereum to gain fast cash
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