Cryptocurrency Review: Expanse (EXP)

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Stability

Attacks: Had 7 days of downtime via an attempted 51% attack on their old (Ethhash) algorithm. (March, 2019)

Algorithm: Changed algorithm to Frankmoto due to previous attack attempts. (March, 2019)

Marketplace Redundancy: Listed on multiple major exchanges, including Bittrex. (April, 2019)

Development

Communication: Spoke with their Chief Executive Officer, Christopher Franko, via Discord (March, 2019). At this time, I feel that they are slow to act on current projects and are lethargic in their developments when compared to other cryptocurrencies. (April, 2019)

Community: There is a medium-sized development community, who release a staggered flow of new and sometimes innovative products. (April, 2019)

Deadline Completion

Timeline: Missed multiple deadlines throughout the years. In many cases, timelines were blown out by more than a year. Perfect example was tokenlab.io, which was in the works since September 2017, but came into production in January of 2019. (April, 2019)

Marketing

Communication: Spoke with their Vice President of Marketing, Marcia Lewis, via Discord. (April, 2019)

Social Media: Social media is continuously updated. (April, 2019)

Website: Website is built off WordPress and could have a sleeker appeal. (April, 2019)

Adoption

Methodology: No current adoption methods are being utilized. They have a ‘Build it and they will come’ mentality, however their marketing efforts are a sufficient step in adoption. (April, 2019)

Graphical User Interface

Explorer: Expanse Block Explorer is very basic, but runs nominal. (April, 2019)

Wallet: The official Luna Wallet has had some graphical user interface issues, but does not interfere with functionality. (March, 2019)

Market Supply

Premine: 11,111,111 EXP

Current Market Supply: 10,495,278 EXP

Maximum Market Supply: 100,000,000 EXP

Additional Note #1: Meeting deadlines and quality of work seems to be an ongoing problem. Likely due to taking on too many projects at one time. (April, 2019)

Bottom Line: Sell

Base Framework: Ethereum

Price on Publication: 0.00003604 BTC / $0.19 USD
(May, 2019)

Algorithm: Frankmoto

Disclaimer: Each cryptocurrency is reviewed on the first of each month. No published reassessment will be made if the reviewed trajectory remains the same.

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