16 May 2017 560

EBS - Revolutionize the prove of stake systems

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Author James Clayton

THE (EBS) EXPANSE BONDS ADVANTAGE

One of the hot things in crypto these days are Masternodes and Staking. If you get in early on a project or if you are vastly wealthy you can get enough coins or tokens to set up a Masternode and reliably stake rewards. Some innovative projects like PIVX are also looking for ways to reward the little guys or those that get in late. I also recently tested Stratis, and the project looks great, but for 1 BTC worth of STRAT, I was looking at 2223 days to stake so I just closed the wallet and will hold a little STRAT and see how it goes. Not worth running the wallet or investing 12k USD for a chance to stake some rewards, at least that is too rich for me. For others that might be great.

Expanse uses something totally different and already rewards the little guys and the big guys the same, so it is not just for the rich, it is for anyone that can manage to even buy 100 EXP. The initial version of the EBS system has 12% annual interest, but coins must be locked up for at least 3 months. So there is a commitment to the interest rates, like a certificate of deposit, or a time deposit. However, this is run with Smart Contracts rather than proof of work or proof of stake, so buyers get equal rewards proportional to what they put in. ie.: A small investor that can only afford 100 EXP, gets the same proportional rewards as someone that might buy 100k EXP. (The rewards are paid out every 30 days, ie: 1 EXP per 1 EBS at a cost of 100 EXP each, timing is approximate based on block timing.)

Just like with Masternodes and Staking, this is a design to remove coins from sell books, get people holding and provide an incentive for the community. EBS is totally unique though, as it is also limited and will later be tradable. Sort of like trading Masternodes, if they were limited and you could later exchange them like tokens representing the Masternodes, if you can imagine that. Additionally, the next iteration of the EBS system will be non-locked smart contract based staking, not tradable, and no commitment needed, although with 6% annual interest. This concept we feel should greatly reward long-term holders, and even people buying later as there is such a low entry point with only 100 EXP needed for the EBS system, and fair rewards for all, big and small.

PROS AND CONS OF EBS

Pros: Easier to set up than Masternodes. Easier to secure. Does not require active node. Does not even require a running or powered up computer once started. Gives proportional fair rewards. Pays out every 30 days even while coins are locked up. Will be tradable later and perhaps even more valuable. A limited amount of the first iteration of EBS.

Cons: More complex than simple staking, but instructions are below, Pays out every 30 days rather than sooner, but with reliable fair rewards that are proportional. A limited amount of the first iteration of EBS.

Disclaimer: I am a Co-founder of Expanse, I do hold Expanse as my main token, and EBS is a brand new system still being improved. Always do your own research and take your own risks. Crypto trading and holding is high risk, high reward. This article does not imply any guarantees.


DOWNLOAD THE EXPANSE BOND SYSTEM (EBS)
github.com/expanse-org/bond-dapp/releases

UPDATED EXPANSE BOND GUIDE
docs.google.com/document/d/1CbUuUSwHiSDwbKe0iYHgIDTGw1xHN5a98NvYHcooIX4/pub

HOW TO BUY EXPANSE BONDS USING PARITY
youtube.com/watch?v=h4IgMSwcum8&feature=share

  • Tags: #Expanse #EBS #Stake #Bond

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TCA features work by some of the world's best crypto projects, teams and companies. We also highlight professional creatives from the corporate, finance and tech sectors, to name a few.

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