Why I am Invested Into Expanse
First of all, I would like to introduce myself. My name is Ahmed Ihsan. And, I've been in crypto ever since Bitcoin had only about 1 billion dollars of marketcap. In 2014, I joined the Cryptocurrency Collectors Club on Facebook and I've been a member ever since. It is a closed group with over 30k members at the moment. The group has earned so much attention that admins needed to stop accepting new members and start a new group for beginners that could also help with the screening process into the main group. The group has been a private space where members could share speculation, analysis, and opinions about coins and crypto projects in general.
And so about two years ago, I started noticing some posts about this new Ethereum fork that had a couple of members who were already in the group working on it. One of them was the founder of the CCC, James Clayton. He's been working with Expanse as the community manager. Another team member was an experienced blockchain developer, Christopher Franko. Franko have already had previous experience working on Franko Coin, one of the old school projects back in the early days of crypto. That was enough to catch my attention, since trusted teams were very hard to come by at the time. A lot of the seemingly promising projects were being managed by anonymous developers who had no track record that anyone could verify. Some of these projects were being abandoned by their devs and many investors were losing money for it. Some were actually scams from the get-go. The team members were all known and have had years of experience in crypto. There was also that initial trust that I had from the get-go since I had already been following James for a while. He's had years of experience in crypto investment and had always been giving great advice on the CCC and never asked for anything in return.
But, that premined trust, so to speak, wasn't enough for me to decide to start investing. I needed to know that they had what it takes to survive in the long run. At the time, I figured the team would probably run out of funding and fade away just like most small projects do. They were a very small team facing up some great challenges and there were already big players that were very hard to compete with. And so, I decided not to get on board at the time. Later on, I had to take a break from crypto due to some personal circumstances I was having at the time.
About 6 months ago, I got back into crypto after being away for almost a year and a half. I decided to look into Expanse to see how well it was doing, or even if it was still around. To my surprise, it had already grown out and evolved into this amazing project supported by a very loyal community. I decided to look into the Expanse blog and start a complete fundamental analysis before deciding whether I should start investing.
I starting from their first post and worked my way to the top. I grabbed my note book and started researching Expanse.
(Researching Expanse took me about 7 pages of that notebook)
Along the way, I was able to conclude that what Expanse has been doing all these years was slowly building up momentum. That, combined with the unique funding mechanism ensures me that Expanse is in it for the long haul. The project has been self-funded ever since day one by having 10M Expanse that are used to fund development locked into smart contracts and managed by community advisers. That ensures that the project will never run out of funding while taking away the risks of using other ways of self-funding such as premines or ICOs. Also, I was able to get in touch with the team and I was just amazed about their transparency. They've answered every single question I was able to spin at them. I've even had Christopher send me the Expanse address to those 10M EXP of locked funding to see how it was being spent.
Right now, Expanse has a solid team of developers lead by Franko working on adding the top notch features that Expanse set out to fulfill since day one. The Expanse DAO will soon be in alpha. Once the DAO is live, what is left of that 10M EXP will be moved to it to be managed by the community. The community will be able to vote on what projects to fund. The DAO will use EXP for utility, it will neither have it's own token nor an ICO like the one Ethereum had. This will add further utility to EXP and should pose a great incentive for hodling once people realize they can use EXP to vote on the DAO. Furthermore, the DAO has been well coded implemented and will be further tested and not rushed into like Ethereum's DAO. As you may remember, Ethereum's DAO had a security gap that caused it to be hacked resulting in millions of dollars of funding being stolen and causing the first Ethereum blockchain fork which resolved into Ethereum and Ethereum Classic. Expanse wasn't affected by this fork since expanse has it's own separate blockchain which allows it to have its own rules and creative freedom.
Expanse have also had it's first ICO hosted on top of the platform which is Tokenlab. Tokenlab is offering both investors and businesses a better way to invest into, create, and manage ICOs. It offers businesses the complete package needed to hold an ICO. Including: Whitepaper, logo, presale, tokensale, fund management, and exchange listing. The Expanse team are also purchasing a small crypto exchange in China and are currently doing the legal paperwork needed to make the deal. That should help new ICOs host their coins onto an exchange that is offered to them throughout the Tokenlab package without having to pay other exchanges ridiculous entry fees in order to get them listed. Tokenlab also works well for investors by allowing them to invest into well trusted projects since Tokenlab will have a rigorous screening process for picking which ICOs get to be listed on the platform to filter away any spam or scam projects. I already have a nice portion of my Expanse placed into Tokenlab.
Expanse is still heavily undervalued as not many investors know about it and the market volume is still low to support higher prices. But, the team is about to make a breakthrough with the PR work as they've recently hired Axia Public Relations to help bring Expanse to the general public.
In conclusion, I believe Expanse is a great investment for the long haul with a solid team, loyal community, and a great vision. Expanse makes a huge part of my crypto investment portfolio and I believe it's one of the few coins out there that I can just buy into and forget about, and make massive returns in the long run.