Published On: Fri, Feb 17th, 2017

Expanse Project Offers EXP Token Powered EXP.BONDs

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Expanse Project has created a blockchain instrument which is similar to conventional financial bonds. The blockchain asset, EXP.BOND is part of the newly launched reward system called Expanse Bond System (EBS).
[Note: This is a press release]
The EXP.BOND is powered by the platform’s EXP crypto tokens. Each EXP.BOND has a fixed value and a maturity period. Upon completion of the maturity period, the bond holders will receive rewards in the form of EXP tokens. The reward system is set in place to encourage investors to hold on to their EXP.BONDs for longer durations.
In its press release, Expanse Project’s co-founder and lead developer Christopher Franko said,
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 saving account… The objective is to incentivize buying and holding EXP off the exchanges.
The Expanse Bond System is currently offering EXP.BONDs at the cost of 100 EXP per asset. These bonds pay a coupon rate of 1 EXP per month and have a maturity date …

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