Borderless Corp., Inc. to launch Expanse DAO
WASHINGTON, N.C. - November 16, 2017 (Investorideas.com Newswire) Expanse.Tech is launching a decentralized autonomous organization (DAO), putting all major project decisions into the hands of its community.
Expanse is the first stable alternative public chain of Ethereum. Now with the coding of the DAO complete and set for alpha testing in December, its revolutionary vision of becoming an organization completely free of contractual obligations to outsiders or institutions is about to become a reality.
"The vision of Expanse was always to build a decentralized version of Ethereum, succeeding where others have failed," said James Clayton, Expanse co-founder. "By giving power to the community in a way that leads to rational choices and ensures the community’s safety, the reserve that is held in time-locked smart contracts will be controlled entirely by the Expanse DAO."
Expanse launched without an ICO. Instead, a reserve (premine) was created, of which only five percent has been tapped for development. The balance remains in the community fund in time-locked smart contracts.
Among the ambitious developments to date are the creation of VoteLock™, a voting dApp slated for use with the DAO and beyond, and Tokenlab™, a platform that provides a suite of managed services designed for ICOs. Expanse now has development teams across the globe and has brought in carefully selected managers with extensive backgrounds in technology, marketing and business development to round out the leadership team.
"DAOs have been described as wildly ambitious and radical because they essentially automate management with code," said Christopher Franko, Expanse co-founder and Borderless Corp. CEO. "The beauty lies in the fact that anyone who owns Expanse DAO tokens can pitch their project, then token-holders use VoteLock to determine which projects the DAO funds. The project rules are locked into smart contracts, which are essentially immutable and incorruptible. The community receives rewards if those projects make a return."
This approach to the Expanse DAO makes it one of the most visionary community blockchain projects to date. Offering immutability and only changing code with a true consensus, the Expanse DAO follows the code-is-law mantra.
Read The Vision of Expanse to learn more about the Expanse DAO. Visit http://dao.expanse.tech to sign up to be an alpha tester for the Expanse DAO.
With a two-year history of consistent growth and stability, the Expanse.Tech blockchain uses cutting-edge technology with real-world utility to expand and grow while rewarding its community, investors and partners. To learn more about Expanse, go to www.expanse.tech, join our Discord team chat at www.discordapp.com/Expanse or visit us on Facebook at www.facebook.com/groups/expanseofficial/. You can also follow us on Instagram at www.instagram.com/expansetech.
Investorideas.com features content for Bitcoin, Blockchain and Digital Currency Stocks and ICO's at Cryptocurrencyinvestorideas.com and Investorideas.com
View our growing Bitcoin, Blockchain and Digital Currency Stocks Directory
Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.