ExpanseExpanse EXP news

Price, 24h
0.1944 USD / 0.00002415
-3.80% / -3.80%
Volume, 24h
156,178 USD
-58.91%
Marketcap
2,019,308 / < 0.01%
Emission
10%
Chart price/vol/NIS 7d
Asset details

World latest news

EXP Asset: Is Exp Asset Crypto MLM a Legit Bitcoin Investment Scheme?

The world of cryptocurrency is suffering from the endless scams and pyramid schemes cropping up daily. In this article we focus on the Exp Asset scheme that promises a 120% return on investment (ROI) in 120 days. Is the company a legit business or is it a Ponzi scheme that chokes up your investment? The history behind Exp Asset Exp Asset claims on its website that it is incorporated in Nevis as Silesia Capital Management. The website (expasset.com) was first registered on March 10th 2018 privately raising questions on the legitimacy of the business. The website is not regularly updated and no information of the team members and founders is given on the site. This raises even more doubt as it claims to be legitimate but no one is responsible for the scheme. The company is a Multi-level marketing (MLM) scheme hence there is no legitimate reason to be incorporated in Nevis. The owners of the site point towards China, U.S and Korea as most of the website traffic comes from these three countries. How the Exp Asset MLM scheme works It crucial to note that Exp Asset has no live products or services they are offering to users other than marketing the affiliate program. The scheme promises a 1% daily on your investment for 120 days totaling 120% ROI. For a new investor to participate in the MLM they should invest a minimum of US$100. It however remains unclear how the company makes a profit to pay off their obligations. The company pays out the commissions in two major sets: referral commissions and residual commissions. The two are discussed below. Residual commission This is carried out through a binary compensation model. At the top is an affiliate with lower levels beneath. The first level has two other affiliates who are then divided into two on the next level (now with four affiliates). Each new level is twice the size of the previous level. Each day new the total amount from new recruits is added up and commissions are paid out. Affiliates are paid 10% of generated volume on their weaker binary team side. Note: To qualify for residual commissions, an Exp Asset affiliate must recruit and maintain two active affiliate investors (one on each side of the binary team). Referral commission This is reserved for investors who invest over US$1000 in the scheme. These investors enjoy an 8% referral commission on every recruit they personally integrate to the scheme. The commission is calculated daily according to the amount raised by your personal recruited affiliates. Should you invest in Exp Asset? The project looks more of a Ponzi scheme rather than an actual investment opportunity. The lack of identities of the leading team members and ambiguous nature of their selling points should raise a red flag. As is with most pyramid schemes, only a few of the investors actually profit since the MLM business depends on finding active affiliates. If affiliate do not join the profits dwindle and the pyramid collapses leaving investors with huge loses. Always be cautious before investing in such projects.
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A Truly Community Driven Platform! #HODL the EXP Token and Get a Share of the Exchange’s Profits! Here’s How

Cryptocurrencies have changed the face of the modern economy. With rapid expansion of the crypto industry the trading volumes of the cryptocurrencies have also been on an exponential rise. The boom in the crypto industry seemed to have generated considerable interest in the centralised industries as well with many of them issuing tokens on the Ethereum protocol using the ERC20...Read More. The post by Guest Post appeared first on BTCManager, Bitcoin, Blockchain &amp; Cryptocurrency News
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Expanse Co-Founder Says Binance Wanted 400 Bitcoin (BTC) To List Token On Exchange

The biggest crypto exchange by global trade volume, Binance can charge 400 BTC ($2.6 million) to list a token on its platform, at least according to Christopher Franko, co-founder of Blockchain platform Expanse. After submitting a listing request to the exchange this month, Franko got a reply from the Binance team asking for the massive fees 400 BTC to be listed. Just got a new @binance listing quote. 400 BTC — Christopher Franko (@FrankoCurrency) August 8, 2018 This adds fuel to the fire in a broader debate on Binance not following decentralized prnciples. The debate started when Binance revealed a “rough, pre-alpha” demo version of DEX, its own decentralized exchange which could ultimately take over from its current platform. However, skeptics said that the token can never be decentralized. Your ‘DEX’ is not fully decentralized if you can freeze/delist coins or ask 400BTC for a listing is it? Only a few exchanges are truly decentralized https://t.co/vEMdIV4UvZ — DecentralizedMatt (@DecentralizedM1) August 9, 2018 Binace reportedly sought to deny the claims, with support staff claiming certain information had come from a “spoofed email.” But Franko is skeptical about those claims. So he is trying to say it was a spoofed email. But um.. it came from https://t.co/bTYQp6cgHK so either… 1. He is lying to save face. 2. someone has hacked their servers and sending emails out from it. 3. he has a rogue employee I literally have nothing to gain from this.. pic.twitter.com/ubfyuxREEs — Christopher Franko (@FrankoCurrency) August 9, 2018 Franko offered to clear this confusion by asking Binance to provide a real quote. Binance has not replied with a quotation of a revise listing fees yet. Ok, @cz_binance if you are being genuine that it really doesnt cost 400 BTC to list @ExpanseOfficial there, then send me a DM with a real quote so we can clear this up. I believe you are probably an honorable person and the people want to know you are who you say you are. — Christopher Franko (@FrankoCurrency) August 9, 2018 Since becoming the largest exchange in the cryptocurrency industry, Binance has adopted an aggressive expansion program which saw it relocate to Malta and seek to enter various international markets. Fortunes of its own token, Binance Coin (BNB), have also exploded as it has already become the 16th biggest token by market cap which currently sits at a little over $1.2 Billion USD. At the same time, cryptocurrency community figures like Vitalik buterin have leveled criticism at centralized exchanges like Binance over their corporate practices, including listing fees.
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Binance Wants $2.6M to List Your Token, Claims Expanse Co-Founder

Binance, the cryptocurrency exchange which often tops global trade volumes, can charge 400 BTC ($2.6 million) to list a token on its platform. Binance Appears To Deny 400 BTC Claim That’s according to Christopher Franko, co-founder of Blockchain platform Expanse, after submitting a listing request to the exchange this month. Binance, which revealed a first incarnation of its decentralized exchange August 8, reportedly also sought to deny the claims, with support staff claiming certain information had come from a “spoofed email.” “…It came from http://binance.com so either… He is lying to save face. someone has hacked their servers and sending emails out from it. he has a rogue employee I literally have nothing to gain from this,” Franco wrote on Twitter following receipt of the email with listing information. “If binance wants to charge 400 btc to get listed on their exchange that is their right to do so. They appear to have the most volume in the world. Getting listed there does usually result in higher awareness, but if that is the case[,] just own it. ‘[Yes it’s] expensive’… why lie?” So he is trying to say it was a spoofed email. But um.. it came from https://t.co/bTYQp6cgHK so either… 1. He is lying to save face. 2. someone has hacked their servers and sending emails out from it. 3. he has a rogue employee I literally have nothing to gain from this.. pic.twitter.com/ubfyuxREEs — Christopher Franko (@FrankoCurrency) August 9, 2018 Taking Advantage? Since becoming well known as the largest exchange in the cryptocurrency industry, Binance has adopted an aggressive expansion program which saw it relocate to Europe and seek to enter various international markets. Fortunes of its own token, Binance Coin (BNB), have also exploded. At the same time, cryptocurrency community figures have leveled criticism at centralized exchanges over their corporate practices, including listing fees. As Bitcoinist reported, even the initial decentralized exchange unveil was not without its detractors, who cited the 400 BTC listing fee among reasons why Binance did not conform to decentralized principles. Too fast too soon appeared to be the appraisal from Twitter commentators, Franko comparing Binance to listing on fellow exchange HitBTC in 2017, before markets began rising precipitously. Fees for listing a token were 5 BTC ($31,300), which officials then raised to 50 BTC ($313,000) as prices increased. “They cited ‘because we can’ to us as the reason why it went up,” Franko added. What do you think about the rumored listing fee? Let us know in the comments below! Images courtesy of Shutterstock The post Binance Wants $2.6M to List Your Token, Claims Expanse Co-Founder appeared first on Bitcoinist.com.
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Twitter Spoof: BitConnect 2.0 to Return in July; BCC Token to Rise from the Crypto Graveyard?

Bitcoinnect is known for its high yield investment platform Bitconnect.co. The company had a cryptocurrency Bitconnect Coin (BCC) which investors bought with Bitcoin to gain a 0,25% daily interest. The company also has a lending platform and exchange which closed due to warnings from Texas and North Carolina authorities. Some unknown person is however working […]
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MakerDAO Token Holders Vote on Whether to Lower DAI Stability Fee by 2%

MakerDAO Token Holders Vote on Whether to Lower DAI Stability Fee by 2% A vote about whether to decrease the so-called stability fee for MakerDAO’s ethereum blockchain-baseddecentralized stablecoin DAI has started. The vote was announced on the organization’s blog on May 17. If approved, the latest proposal would decrease the stability fee by 2% to […] Cet article MakerDAO Token Holders Vote on Whether to Lower DAI Stability Fee by 2% est apparu en premier sur Bitcoin Central.
Bitcoin Central

Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, XRP, Stellar, Tezos, Binance

Bitcoin bulls have turned out to be more relentless than the most have predicted from its historic prices. However, the fundamentals around Bitcoin [BTC] seem to be stronger than ever with the Bitcoin virus apparently spreading to the east now. Mati Greenspan, the senior market analyst at eToro tweeted, “BTC on the move again… Asian market certainly doing their bit today.” This is coming after a huge pullback on 17th May 2019. A Bullish Marubuzo with was seen in the 0: 00-4: 00 Hours UTC on 19th May as the market broke above $8000 again. This the second time the market has attempted to break it after a huge correction. BTC/USD 1-Day Chart on Bitstamp (TradingView) The other four performing coins Opening Price: $6968 Closing Price: $8109 The weekly gains: 11% Weekly High/Low: $8390/$6178 Binance [BNB] Coin Binance [BNB] coin was trading in the red in the last week’s update trading around $20. Nevertheless, the token started picking up value again as normal operations began at Binance Exchange after the hack. This week Binance also initiated the process of burning token from the Ethereum blockchain to process them on the native Binance Blockchain. BNB/USD 1-Day Chart on TradingView Opening Price: $20 Closing Price: $29.5 The weekly gains: 40.6% Weekly High/Low: $32.2/$19.9 Stellar [XLM] Stellar’s rise was higher than most coins during the week as it held gained 35% on a weekly scale. The Stellar validators were reportedly shut down for two hours on 15th May 2019. As Bitcoin continued to correct and rise, Stellar held it gains above 0.00001750 BTC. XLM/USD 1-Day Chart on Bitfinex (TradingView) Opening Price: $0.10 Closing Price: $0.14 The weekly gains: 46% Weekly High/Low: $0.16/$0.117 Ethereum [ETH] Ethereum has been the top performer in leading altcoin gains in terms of total market capitalization. The total market capitalization of Ethereum is above $25 billion. It still accounts for more than 10% of the total capitalization of cryptocurrency markets. Also Read: Ripple’s XRP and Ethereum Fight for 2nd Place Behind Bitcoin In The Wake of a Bull Run ETH/USD 1-Day Chat on Coinbase (TradingView) Opening Price: $188 Closing Price: $259 The weekly gains: 38% Weekly High/Low: $281/$185 Tezos [XTZ] Tezos [XTZ] has been one of the best performing coins of the year. It has gained more than 100% before the bull run on Bitcoin began. The gain was influenced by the Coinbase allowing Tezos [XTZ] as the first coin which could be staked/forged on the Coinbase Custody platform. It was on the rise again this week as the market seems to have broken bullish since the beginning of the month. It broke above $1.75 as it set sights on to $2. XTZ/USD 1-Day Chart on Bitfinex (TradingView) Opening Price: $1 Closing Price: $194 The weekly gains: 25.4% Weekly High/Low: $207/$157   XRP, Dash, IOTA, and Cosmos [ATOM] The almost all altcoins were in the green on a weekly scale. While the above-mentioned cryptocurrencies rose higher than the rest, XRP, Dash, IOTA, and Cosmo [ATOM] also registered more than 20% gains. The gain in XRP was considerable as it broke above the $18 billion market capitalization. Moreover, the weekly rise is about 25%. The dominance of XRP over cryptocurrency market is about 7%. The rise of Dash, IOTA, and ATOM is 21%, 31% and 23$ respectively on a weekly scale. XRP/USD 1-Day Chart on Bitstamp (TradingView) *The percentage dominance of cryptocurrencies w.r.t. to the total market capitalization of the market at $0.5 billion is 0.23%. Hence, for Analysis purpose we will only consider cryptocurrencies with a total market capitalization $0.5 billion or more. For future analysis, we’ll try to maintain 0.25% as a standard for the calculation. **The data is taken at around 11: 00 Hours UTC on 19th May 2019.  The post Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, XRP, Stellar, Tezos, Binance appeared first on Coingape.
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