Expanse (EXP) Research Report – Disclaimer
Date: March 5, 2024
This report is based on information gathered from various sources as of March 5, 2024. Cryptocurrency information is constantly changing, so it is important to conduct your own research before making any investment decisions.
Market Data:
- Project: Expanse (EXP)
- Brief Summary: Expanse is a public blockchain platform forked from Ethereum that allows users to create and use decentralized applications (dApps). It aims to provide a user-friendly and scalable platform for real-world applications.
- Project Release Date: April 28, 2016 (Initial block mined) https://expanse.tech/
- Token Release Date: April 28, 2016 (EXP tokens were distributed during the network launch) https://expanse.tech/
- Market Capitalization: Not available due to unavailable circulating supply data [CoinMarketCap]
- Current Price: $0.001381 (as of March 5, 2024) [CoinMarketCap]
- Exchanges: Graviex, STEX, Swapzone, and a few others (limited trading activity) [CoinMarketCap]
Competitors:
- Ethereum (ETH): Market Cap – $207.33 Billion [CoinMarketCap]
- BNB Chain (BNB): Market Cap – $48.88 Billion [CoinMarketCap]
- Polygon (MATIC): Market Cap – $13.36 Billion [CoinMarketCap]
- Avalanche (AVAX): Market Cap – $12.20 Billion [CoinMarketCap]
- Fantom (FTM): Market Cap – $2.58 Billion [CoinMarketCap]
Use Cases:
- Building and deploying decentralized applications (dApps)
- Sending and receiving cryptocurrency payments
- Creating and managing custom tokens
- Building secure and transparent applications
Technology:
- Proof-of-Work (PoW) consensus mechanism
- Expanse Virtual Machine (EVM) compatible
- Uses the Solidity programming language for smart contracts
Smart Contracts and Audits:
Expanse utilizes smart contracts, but no recent audit reports were publicly available as of March 5, 2024.
Investors and Partners:
While past collaborations are mentioned, no recent news regarding specific investors or partners was found within the last 90 days (as of March 5, 2024).
Amount Raised During ICO/Seed Rounds:
Information regarding the amount raised during the initial token distribution event is not readily available.
Token Distribution:
- Total Supply: 100,000,000 EXP [CoinMarketCap]
- Current Circulating Supply: Not available
Token Economics and Use Cases:
EXP tokens are used for:
- Paying transaction fees on the Expanse network
- Staking to participate in network governance
- Accessing premium features on dApps built on Expanse
Detailed information on token vesting schedules is not publicly available.
Roadmap:
The latest official roadmap update was published in September 2022 https://expanse.tech/roadmap/. It outlined plans for mobile wallet development, interoperability improvements, and privacy features. However, the project seems to have limited development activity based on recent news and community discussions.
Team Members:
The Expanse team page lists several individuals with brief descriptions but lacks links to their LinkedIn profiles https://www.crunchbase.com/organization/expanse-inc.
Additional Notes:
- The lack of available market capitalization data and limited trading activity indicate a low market presence for Expanse.
- The absence of recent news, active development updates, and a community presence raises concerns about the project’s ongoing viability.
References:
