EXOS & ExO Economy

FAQs

Please find below a list of Questions and Answers on EXOS and the ExO Economy.

Our network of service providers and experts is truly global. We have more than 8 000 members in over 130 countries. This diverse network comes together to work with clients all over the world. We wanted to create a simple solution to a number of problems that our network and ecosystem face, such as: How do you easily and quickly facilitate payments for services between thousands of people across dozens of countries? How do you facilitate more valuable peer-to-peer interactions amongst network members? How can you align incentives through a global co-op structure? EXOS allows the community to easily transact with each other and do the work of transformation, and we hope EXOS becomes the “token of transformation” in the future.

The ExO Economy is effectively a technology. It is an exponential technology that economically binds the core OpenExO community and connects them to the world in a unique way for a community of our kind. In fact, we do not believe this has ever been done before in this way. The ExO Economy is a globally distributed community of 1000s of individuals collectively working together with their own tokens acting as a compliment to other crypto and national fiat currencies. The ExO Economy is, in many ways, a global co-operative because it is supported and sustained by all its members that own EXOS tokens. If they use those tokens to stake the network, then they help process financial transactions on behalf of their own global economy. If they pay each other with EXOS, they are transacting in their own global currency. The future or ultimate vision is that everyone actively participates in and helps grow the ExO Economy, helps each other grow, and leverages the powerful technologies of cryptographic tokens and blockchains to transform the world for a better future. We are only limited by our imaginations and what we refer to as our limiting “immune system responses.”

ExO is an abbreviation for Exponential Organization. This capitalization standard is used for the written word is OpenExO and ExO Economy. When referring to the token it is all caps, EXOS. However, when compared in the public exchanges you may find it as follows; 1 EXOS = 1 EXOS, 1 EXOS = 1,000 mEXOS, 1 EXOS = 100,000 µEXOS, 1 EXOS = 100,000,000 exo <-- like a Satoshi (sat) is to BTC

EXOS are already being used outside of OpenExO. The term outside/inside becomes more fluid every month. One way to think of EXOS is as an interface to the underlying utility that is the full capability of the OpenExO community.

When the tokens go on sale to the general public (minus embargoed places and people), we expect some of them will use EXOS to procure services from members of the community via the OpenExO Platform’s marketplace or on a peer to peer basis. Some may choose to HODL a certain amount. We prefer that EXOS be used.

We regularly make a portion of the available seats on our certification programmes payable in EXOS.  Please email certification@openexo.com  mentioning which course you would like to take and that you want to pay in EXOS and the certification team will be in touch.

https://youtu.be/iMQUmMUZN9g?t=6003 TL;DR started with QT which was the best one out there at the time the blockchain went live, but it lacked important features like multi address mode, so we created Electrum which is an HD wallet (see HD wallet) but it still didn't have everything we needed, since you could not stake with it. So now we have EXOS Core which combines the best of both worlds. Yet it will also be upgraded once we launch the wrapped token. Then we'll also add MetaMask to serve wEXOS, the wrapped version of EXOS. Also, the your Discord account comes with a wallet and hence we ended up with a bunch of wallets.

A wrapped token is a crypto/digital asset traded on a blockcain whose value is mapped to another crypto/digital asset (the underlying asset). For example wEXOS is a wrapped equivalent of EXOS, traded on the Ethereum blockchain. The original asset, EXOS, lives on its proprietary EXOS blockchain.

Staking = when you open your wallet and agree to paticipate in the blockchain 'address' that is assigned to upcoming transactions. Transaction could include paying for a service or product or buying/selling digital currency. For supporting the 'addressing' or 'naming' of transactions, you earn more of the digital currency that you Staked.

 

Liquidity refers to the ease with which an asset, or security, can be converted into ready cash without affecting its market price. Liquidity pools are used to facilitate decentralized trading, lending, and many more functions They are formalized with smart contracts. A smart contract is a transaction protocol which is intended to automatically execute, control or document legally relevant events and actions according to the terms of a contract or an agreement.

Token swaps allow traders to exchange two crypto assets on a crypto exchange.

Always make sure to download tbe EXOS Core wallet from its official GitHub release link: https://github.com/exoeconomy/EXOS-Core/releases/. Do not accept download links from anyone who may try to convince you to download it from an email or a text.

Uniswap is a cloud-based application. To visit, head over to: https://app.uniswap.org/#/swap. Always make sure you have the right URL and beware of phishing sites that imitate the look of Uniswap.

Metamask Wallets are easy to use. You can see a demo on Metamask and EXOS-Core Wallet here: https://economy.openexo.com/town-hall-live-stream/#/search/lbge46rrlbtue4cpnjreqrcvnywug2dn?q=town%20hall

Join our Telegram Messenger where the business world of OpenExO meets the Crypto World. https://t.me/exos_economy

You can find more information here: https://help.openexo.com/en/articles/2985907-step-by-step-guide-for-claiming-exos-using-our-dada-digital-asset-distribution-application and https://dist.exos.to/login

You can apply for jobs in the OpenExO marketplace <https://openexo.com/marketplace/>, or you can buy EXOS privately from members of the community, now 18,000 strong. Email for details exoseconomy@gmail.com.

Coming soon; the EXOS token will be paired with Ethereum and available on exchanges like UniSwap as an ERC20 wrapped token, wEXOS.

The Token Sale portal closed as of end of 3Q2021.

  1. We are actively closing out token portal accounts and distributing any pending payouts.
  2. Unclaimed payouts are being sent to the email address associated with your Yoti account through 4Q2021.
  3. Anything not claimed after that will go into a special wallet in case anyone ever pops up asking for their tokens.

You need a wallet - link: https://github.com/exoeconomy/EXOS-Core/releases/ Our ExOEconomy is the Global Ecosystem that offers endless ways to use EXOS as they can be used as a means of exchange in peer-to-peer peer transactions. Additionally, you can purchase certification trainings from @OpenExO and @growthinstitute, you can post opportunities in the marketplace for EXOS and you can stake the network and earn EXOS

You can create/manage opportunities in the OpenExO marketplace, and hire out for anything you need done - and another member can apply for it. You can also tip other members with the ExosTipbot in DISCORD

You can use Exos Tokens with anyone who has an EXOS-Core wallet, which can be downloaded from here: https://github.com/exoeconomy/EXOS-Core. You do it between each other and no one can stop you. What you choose to trade for EXOS is 100% your choice. We are not aware of any markets in which EXOS can currently be exchanged for other currencies.

Social tokens are built around an “ownership economy” principle with the premise that a community will be more valuable tomorrow than today.

You can exchange them in the OpenExO Marketplace for help on your Opportunity that you manage. This can be for services, products, etc. without transaction fees.

Digital currencies allow users more autonomy over their own money than fiat currencies do, at least in theory. Users are able to control how they spend their money without dealing with an intermediary authority like a bank or government

Once you have your wallet set up, and you have EXOS in them, you can begin a process called "Staking" which helps the community get more EXOS Tokens. You will see a display that tells you how many tokens you have staked, when the payout is.

Discord is a peer to peer communication app. It is great for support issues. OpenExO is the community built for and around EXOS currncy MetaMask is a future-state wallet. Use EXOS Core wallet at this time Sequence - they are mutually exclusive so any order is OK. Remember, if you have wallet questions Discord is the best resource!

"Our primary wallet, the one that matters the most to the typical exo economy or EXOS user is called EXOS Core. ( https://github.com/exoeconomy/EXOS-Core/releases/). We're currently on version 1.19. The reason you want that wallet first is because when you get your first EXOS and you put them in that wallet, you will want to stake with them. Then you're helping to support and grow the community. You will also earn EXOS during the staking process. Staking iwth the EXOS Core wallet is our analog to mining. Bitcoin mining uses a proof of work scenario that requires a bunch of math and a lot of computers to do it. Our case isn't like that at all. We have seen people running our wallet on a raspberry pi successfully or in the cloud successfully."

"Currently, you’ll see that the network weight is 4 million 247 386.16 exos. What that means is that in the community out there of people running this wallet, there are that many exos that are being tied up bonded to the network staking."

Yes. Staking can only happen when your computer is up and running.

The heat map rovides a visual representation of our token holders' staking activity by geography: https://heatmap.exos.to/

" “When you hear people say that the blockchain is trustless, what they mean is, person A and person B can still do business with one another and transact even if they don't trust each other with certainty. The need for trust is removed by having the blockchain serve as the intermediary. There is a consensus algorithm that allows you to transact in a manner that does not require you to necessarily trust each other.” “Permissionless” - The EXOS blockchain is a standalone public permissionless chain. What this means is that it is a unique blockchain. It's not something that's forked off of or cloned off of or attached to something else. It is its own chain. It's a piece of software running thousands of computers all over the world - the computers of the people that are staking, our data center. It is a combination of all of those machines. So “permissionless” means that anybody can join and leave at any time there are no restrictions whatsoever."

In order to be on Uniswap, you need to have an ERC20 token that you can pair with some other token. In this case, we'd like to pair a wrapped version of EXOS to Ethereum and the wrapped version to the EXOS part of the tokenomics, there's a one for one. So there's one wEXOS for one EXOS and it'll always be one for one if you remove the wEXOS and destroy it then the EXOS gets released.

Partnerships with companies who will sell their products for EXOS. Like Wewaze for breast cancer detection devices.

You can buy EXOS privately from members of the OpenExO community, now 18,000 strong. Email for details exoseconomy@gmail.com.

You can also post for exchange and/or apply for jobs in the OpenExO marketplace <https://openexo.com/marketplace/>.

Coming soon, the EXOS token will be paired with Ethereum and available on exchanges like UniSwap as an ERC20 wrapped token, wEXOS.

The Token Sale portal closed as of end of 3Q2021.

  1. We are actively closing out token portal accounts and distributing any pending payouts.
  2. Unclaimed payouts are being sent to the email address associated with your Yoti account through 4Q2021.
  3. Anything not claimed after that will go into a special wallet in case anyone ever pops up asking for their tokens.

Yes. Staking can only happen when your computer is up and running.

We see those types of things a lot. the reality is that you'll get one in 19 days if you leave your computer on for 19 days. if you turn your computer off, the next time you turn it on you may be starting over again depending on how the network has changed in the meantime. It's a very dynamic system. What i recommend a lot of people is, if you've got a spare older laptop that you don't use anymore, that'll work just fine. This thing does not require significant processing power, so you can run it on just about any laptop or computer you can get your hands on. Just keep it running. That's the best way to stick the network at the moment.

Remember your tokens are stored in the blockchain in the cloud. They're not stored on your laptop or your machine. Your keys are stored on your laptop or your machine.

I'll say 800,000 to one million. We want to grow 10x next year and 10x the year after. The dream is to get to a couple of thousand ExO folks in every major city around the world. There are about 400 or 500 major cities and that would roughly make 800,000 to a million members. That's the level of people needed that are working on the transformation to ease the movement from a scarcity world to an abundance world.

We're not a traditional crypto. We talked like you mentioned at the beginning almost every altcoin created the technology and then is desperately casting around for use cases. And we, honestly, mostly by accident have built the ecosystem - because we needed an ecosystem to go transform the world - and then to really scale that ecosystem, we needed the token, and that becomes the economic binding engine that then allows us to really flower. That pathway means that we're coming into this as backwards in a sense and basically people are only finding out about it after the whole thing's built. Because we don't have to build anything. Everything's good and running. We're just tokenizing it and creating the decentralization models for what's already existed for close to seven years. And so that becomes a powerful model. We're a benefit corporation and the charter says that all the benefits of this ecosystem go back into the ecosystem.

This is coming shortly. Our wrapped token wEXOS will allow holders to exchange EXOS for other tokens via Uniswap.

Wind Turbines in Africa: https://www.africaexo.com/

There is a downloadable pdf that explains all the choices you have. There are also people in the ExO Economy that are offering their help to get you to the 10K goal. https://economy.openexo.com/#/

Yes they are. Regarding the second question ,we’re not quite there yet. Our first tentative steps into the world of public trading and listing ourselves against other things is going to happen in the next couple of months. When you start to see EXOS on centralized exchanges on decentralized exchanges all around the world, then this is a question we can answer quite definitively. Because this is still basically a private economy.

Liquidity refers to the ease with which an asset, or security, can be converted into ready cash without affecting its market price. Liquidity pools are used to facilitate decentralized trading, lending, and many more functions They are formalized with smart contracts. A smart contract is a transaction protocol which is intended to automatically execute, control or document legally relevant events and actions according to the terms of a contract or an agreement.

Traditionally making the market has been the preserve of the investment banks and the traditional market makers. DeFi attempts at solving part of the distrust that people feel towards traditional finance.

It's those algorithms, what we call AMMAs (automated marketmaking algorithms) that are encoded into the smart contract for the enforcement of what are effectively business rules of a trade between two people or two entities.

Uniswap is a protocol, a portal where you can plug in and plug out. It's what's called a decentralized exchange but there is no order book there is which is a typical term from mainstream finance of how trades normally happen where people give a buy or sell bid. Not in in the case of Uniswap. It is basically a facilitation platform for these automated market makers to allow you to trade back and forth. It can be connected to multiple chains, so it exists as a platform connecting multiple blockchains together, which is a very natural reason we would want to use it to interoperate with Ethereum from EXOS.

Gas Fee is a term used to describe the amount of currency recived for being part of or facilitating the recording of a blockchain transaction.

You can hire exceptionally gifted people in the ExO Economy.

Staking = when you open your wallet and agree to paticipate in the blockchain 'address' that is assigned to upcoming transactions. Transaction could include paying for a service or product or buying/selling digital currency. For supporting the 'addressing' or 'naming' of transactions, you earn more of the digital currency that you Staked. It's kind of like a raffle. You get more chances the more tokens you have in there. What you are actually doing when you earn that staking reward is you are helping to encapsulate them into the next block and add that block to the chain in a secure and scalable manner. You're literally creating the next block of the chain which gets attached to the previous block and then made effectively immortal on the chain by appending that block to the chain. Also, you're securing the blockchain. You're processing transactions for the network and then potentially if you win the staking reward, you're adding the next block to the chain. You're doing work for the community in order to have its own blockchain and its own economic digital asset.- the EXOS token

That's how many blocks have ever been mined through staking activity.

We mine one block approximately every 67 seconds.

You earn one EXOS and you get whatever fees are in that block.

wEXOS: is a "wrapped token", acting like a bridge to ethereum that connects our two chains together economically. The way that you do that is you create a version of your token like a mirror copy that can run on that other blockchain. These are called wrapped tokens.

The actual use and application of the token, be it online, on the blockchain or in the physical world; what the token can be used for from a holder's perspective and, in more general terms, what value it adds in the world.

We're a social token by the new definition of this particular type of utility token, which, as I said, is a hybrid between platform and community. EXOS has its own blockchain. It is standalone, it is public, it is permissionless. all of our code is open source

Wind Turbines in Africa: https://www.africaexo.com/ - + Welwaze for breast cancer detection, consulting, the marketplace + the map. OpenExO members and its partners have used EXOS for anything from conducting trainings and ExO Sprints, to hiring freelancers and even couchsurfing. Our community is adding new use cases every single day. This map paints a good picture of the scope of the real-word use cases of EXOS: https://maphub.net/tokenmaps/exo-economy-success-stories-map-2021

We have just updated our Business Overview which plays the rold of a white paper and much more. It provides insights into the ExO Economy and the wider ecosystem including partners and stakeholders. The document offers details also on the EXOS token and the EXOS blockchain which are crucial elements of the ExO Economy. You can find the Business Overview here: https://economy.openexo.com/wp-content/uploads/2021/05/DONOTEDIT-ExO-Economy-Business-Overview-3.0.pdf

In Discord, send a direct message (DM) to the tipbot with the following command: @tipbot balance. For all tipbot commands, DM the bot: @tipbot help Find the Tipbot on the upper right side of the screen. Click on it. A new box will open - a direct message box. In there type @tipbot balance For all the things Tipbot can do type in the direct message box @tipbot help A list of functions will display

In Discord, send a direct message (DM) to the tipbot with the following command: @tipbot withdraw followed by the amount of tokens to withdraw and the receiving address. Eg. @tipbot withdraw 100 XXXXk7p82KAT2DR2ipwNqdcVS1f6XXXX in the direct message box, by clicking on Tipbot found on the upper right of the screen, Type @tipbot help Look for withdraw. The correct request structure is shown there. You will need your address from your EXOS Core wallet That address can be found by being in EXOS Core wallet. Click on Wallet. Then just below your balance, look for Receive. Click on Receive - a series of letters and numbers will appear and a QR code box. Copy the letters and numbers - they are your wallet address.

To to the "Wallet" tab on your Core-Wallet. Below the word "Staking" you will see the button "Stop Staking". Click on that button.

For a guide on how to download and install the EXOS Core wallet please go to: https://economy.openexo.com/how-to-install/. For additional questions regarding the EXOS Core wallet, please join our Discord channel at: https://discord.com/invite/eCNMCMt and ask your questions in the designated channel: #support-exos-core

Ignore your MetaMask wallet for now. Open an EXOS Core wallet. Use the EXOS Core wallet for the foreseeable future. There may come a time when the MetaMask wallet will be used for converting EXOS to wEXOS for trade in public exchanges

Everywhere. This map provides a visual representation of our token holders' staking activity by geography: https://heatmap.exos.to/

This tool gives detail data on who's staking, what client are they running, the number of peers, the block size transactions, per block, the volume of staking activity, etc. It allows you to see the health and activity of the blockchain in near real time. https://stats.exos.to/

The EXOS blockchain does not have any current plans to support NFTs natively. It does not mean "never" because we do have plans to utilize our blockchain's smart contracting capabilities which are not activated at the moment.

When a liquidity provider has a temporary loss of funds because of volatility in a trading pair.

[source: Coinmarketcap]

wEXOS is a wrapped token, acting like a bridge, connecting economically the EXOS blockchain and the Ethereum blockchain. You can think of wEXOS like a mirror copy of EXOS that can run on Ethereum blockchain. These are called wrapped tokens.

Decentralized exchanges (DEX) are marketplaces enabling cryptocurrency holders to trade crypto assets on a peer-to-peer basis. Unlike centralized exchanges, DEXs do not rely on a single intermediary overseaing the transactions.

ExO Economy is an emergent Decentralized Autonomous Organization (also known as a DAO).

A digital wallet featuring a system of multiple addresses assigned to a single seed. (See Seed).

You can earn your tokens by working and providing services to a community member as opposed to purchasing them directly. And that will be true up until the point where we're on exchanges that allow US citizens to purchase the tokens directly because those exchanges have the rights to do so. We as a company do not. But I can't promise that.

Multi-address is a feature allowing holders to use multiple addresses to receive tokens into. You are advised to opt for multi-address mode. Having multiple addresses to receive into is a good idea. It allows you to keep things separate.

There are no transaction fees.

wEXOS: is a "wrapped token", acting like a bridge to ethereum that connects our two chains together economically. The way that you do that is you create a version of your token like a mirror copy that can run on that other blockchain. These are called wrapped tokens. [Answer from Kent if we can use some of the definitions: The process of wrapping a token is the process of making it operable in another blockchain’s economy. It’s an interface between the EXOS and the Ethereum blockchains, providing interoperability between the two. wEXOS is an ERC20 token [a token on the Ethereum blockchain] which has a 1 to 1 representation on the EXOS blockchain which is a separate blockchain. It allows you to leverage the smart contract functionality on Ethereum, the positives of another blockchain ecosystem but maintain the rule-bound approach, the history, everything that you and Nayib spent time architecting very carefully for your community from day one.] The idea has been to create systems of wallets that people can put their EXOS into and get wEXOS in return.

The weight on your wallet change, as you do Staking, as the UTXO (coins) you have in your wallet, every time you do a Staking, that UTXO created (that give you 1 EXOS), in consequence the coin that came from, is split in 8, and those new 8 UTXO (coins) would need 500 blocks to mature and participate in the Staking process, then there your weight is reduced.

There are many factors in consideration for the expected reward time, like the number of tokens you have in your wallets, the network weight, the number of UTXO and the its size in your wallet, good internet connection and there is a luck factor too; to be part of the Staking process your tokens must be matured (more than 500 blocks)

[source: Discord]

Under your Wallet tab, you will see an estimated time, and the number of tokens you will receive.

They are automatically added to your wallet.

In your system preferences, you'll need to go to your Security and Privacy. Click on the Accessibility Icon, and the Privacy tab (enter your computer Admin password), click on the EXOS app and allow it do be opened. You'll need to move your windows to the side and look for a window prompt allowing you to open the app. If that doesn't work go here: https://support.apple.com/guide/mac-help/open-a-mac-app-from-an-unidentified-developer-mh40616/mac

Open the .pkg file with [control]-mouse .. then there will be the option open.

Close the app on your current computer

Download the app to the new computer.

Enter your login and password, and your 12-word wallet password when prompted.

Syncing time is based on a number of factors, including your computer's processor speed, and internet speed. It can be a few minutes or sometimes longer.

Under the WALLET tab, you will see your BALANCE, your STAKING details, and all your TRANSACTIONS with that Core-Wallet

"They need a wallet. You should have them download the EXOS Core wallet and then you ask them to send you what's called “a receiving address” that they will get from the wallet. It's on the first tab. And you have them send you that big, crazy looking mix of numbers and letters and then you can send them EXOS."

Wallet seed, a seed phrase or a recovery phrase is a combination of random words used to recover your wallet password. It is important to store your seed phrase in a secure location, only accessible by you.

There are endless ways to use EXOS as they can be used as a means of exchange in peer-to-peer crypto currency transactions. Additionally, you can buy training from OpenExO and The Growth Institute, you can post opportunities in the marketplace for EXOS and you can stake the network and earn EXOS. More ways to use your EXOS are being added in partnership with some amazing organizations.

First, we are offering our community members a bonus now until we hit the community phase hard raise cap. And, every single dollar that comes in gets used to help build OpenExO. So, it’s a great way to support the building of our economy system to help us establish our own means of exchange on the global market. This is not something any network like ours has ever had before the advent of blockchain and crypto. Previously this was reserved for nation-states, cities, and extremely wealthy individuals. That’s not true anymore. Finally, you can use EXOS today the OpenExO marketplace, and you can also hold some EXOS and use them later.

The EXOS-Core wallet is the Wallet of choice and allows you to stake your EXOS and be a part of the OpenExO Economy. To download the EXOS-Core Wallet click here. Once it is downloaded you can then click on Wallet and receive, copy the receive address. In your Electrum wallet click on send and paste the address, you can then send over your EXOS to the core wallet.

The EXOS-Core wallet is the Wallet of choice and allows you to stake your EXOS and be a part of the OpenExO Economy. To download the EXOS-Core Wallet click here. Please note that you cannot have the QT wallet open when installing the Core wallet as they use the same node. Once the Core Wallet is downloaded you can then click on Wallet and receive, copy the receive address. You then need to close the Core wallet completely. Open your QT wallet click on send and paste the address, you can then send over your EXOS to the core wallet. Close the QT wallet and open the Core wallet, you can then start staking

Our blockchain is public and permissionless. You don’t need a mining rig. You simply need the EXOS-Core wallet and some EXOS. We are a proof of stake blockchain. Not a proof of work blockchain. Therefore, while there is mining, it does not depend on excessive computational power or energy. You just need to install an EXOS-Core wallet, go to the wallet tab, enter your wallet password under the staking section and clock unlock and  you are now a staking node on the network. To see all the nodes that are staking hear over to the Heat Map.

There are multiple ways: You can earn them by accepting Advisory calls or giving Master Classes or providing other services which are paid partially or wholly in EXOS <https://openexo.com/marketplace/>. You can unlock them through quizzes in Discord, and earn them for referrals through the Learn & Earn program in the https://economy.openexo.com/academy. You can join the Doubling Challenge. 

Coming soon, the EXOS token will be paired with Ethereum and available on exchanges like UniSwap as an ERC20 wrapped token, wEXOS.

The Token Sale portal closed as of end of 3Q2021.

  1. We are actively closing out token portal accounts and distributing any pending payouts.
  2. Unclaimed payouts are being sent to the email address associated with your Yoti account through 4Q2021.
  3. Anything not claimed after that will go into a special wallet in case anyone ever pops up asking for their tokens.

No, you would have set up a new username and password.

The Token Sale portal closed as of end of 3Q2021.

  1. We are actively closing out token portal accounts and distributing any pending payouts.
  2. Unclaimed payouts are being sent to the email address associated with your Yoti account through 4Q2021.
  3. Anything not claimed after that will go into a special wallet in case anyone ever pops up asking for their tokens.

OpenExO uses EXOS in its certification programmes as well as for certain project posted inside the community marketplace. During Consultant certification OpenExO is sponsoring one advisory call per participant by a mix of USD and EXOS. Applying for these opportunities is a way to earn EXOS in exchange for your knowledge and experience (please note you need to have done a free ExO Foundations certification to be eligible to apply). On the Sprint Coach certification, OpenExO gives a set allocation of EXOS to every participant to allocate for additional training which is then requested via the marketplace. In the past, OpenExO has also used EXOS to finance certain projects important for evolution of the platform and tools provided to the community.

FluidChains works with consultants and developers located in many different countries around the world.   Many of these people have been and continue to be compensated in EXOS.   These people are strong believers in the ExO Economy.

The Growth Institute runs a training program for people who want to build an ExO and offer a limited number of seats payable in EXOS.   Currently the course costs $2,790 and The Growth Institute accepts EXOS at a 1:1 ratio to the US dollar.    The EXOS flow through the program as consultants and coaches who are involved in the program receive some compensation in EXOS.

Advisors and consultants can accept EXOS for their services, and we have enabled project compensation to be listed in EXOS on the OpenExO platform.

You can exchange on a Peer-to-Peer basis. You do it between each other and no one can stop you. What you choose to trade for EXOS is 100% your choice.

We are not aware of any markets in which EXOS can currently be exchanged for other currencies. Advisors and consultants may exchange their EXOS in our—or any participating—marketplace for the services of other consultants and advisors who accept EXOS.

You can use EXOS to pay each other in a peer-to-peer way with no middle-person. Or you can leverage the OpenExO Platform and Marketplace to tap into the abundance of incredible humans that are part of the OpenExO Community. The platform connects. The marketplace is one way to transact. Over time, there will be others.

There is no way to answer this question in a direct way. EXOS and the entire EXOS blockchain, community, network, and ecosystem will be worth what we make of it over time.

It’s currently determined by private marketplace transactions. Nothing more, nothing less. In the future, the public marketplace may have a say.

It’s possible to exchange EXOS for fiat (or other crypto tokens) in private transactions. OpenExO is not a bank nor is it an exchange, and is not involved in executing these transactions.

We cannot provide any dates for a listing or commit to a public listing, even though this is part of our current plan. Generally, exchange listings and financial market liquidity are not a focus until after a public sale and distribution of the majority of a token. Currently, we plan to look for the right partners for liquidity after the public sale. This does not imply any date for a token listing, and we cannot make any predictions or promises about this. Generally, the ability of a token to be listed on an exchange is improved by a successful private and public sale that show demand for the tokens. Having said that we can let you know that we are currently working with Novum Insights to list a wrapped EXOS on Uniswap in the near future.

Tokens are subject to different regulations in different countries. Currently, and until EXOS ERC20 wEXOS are listed on exchanges as wEXOS, we have been advised that the following countries are restricted from public sales of EXOS tokens. 

This rule applies to: (i) individuals residing in those countries; (ii) individuals who are citizens of those countries; and (iii) entities formed in those countries. As rules that apply to EXOS change, we will update the list of excluded countries.

  • Angola, et al

As rules that apply to EXOS change, we will update the list of excluded countries. While we cannot predict the future of this list, some countries (including places subject to widespread banking restrictions) are likely to remain on this list long term, while other countries may may migrate off of the list.

Please let us know by emailing us at economy@openexo.com, and we’ll apply the Transform code to your account retroactively.

KYC and AML are being handled through the Yoti App https://www.yoti.com.  You will be asked to submit supporting documents before exchanging, earning or purchasing EXOS via your email address associated with the Yoti account.

No.

The ExO Community was built from scratch. The ExO Economy is created from that communities economic activities around the world. The EXOS blockchain was built from a long lineage of wonderful work noted below. The EXOS token is the native digital asset of the ExO Economy. However, we stand on the shoulders of giants. Our lineage goes all the way back to BTC:

  • Copyright © 2009-2014 The Bitcoin developers
  • Copyright © 2011-2012 The PPCoin developers
  • Copyright © 2013-2014 The NovaCoin developers
  • Copyright © 2014-2015 The Blackcoin developers
  • Copyright © 2016-2017 The Stratis developers
  • Copyright © 2018-2019 The OpenExO and ExO Economy developers

Coinbase does not yet support EXOS.

Download and install the EXOS-Core wallet from here: https://github.com/exoeconomy/EXOS-Core. ALWAYS and only download your wallets and nodes from the GitHub repository.

Not yet, the code base comes from Bitcoin, not Ethereum—the code is written in C# mostly pegs, and interoperability will come just not yet. As stated above the team is currently working on a Wrapped EXOS that is on the Ethereum Blockchain. This is to allow for listing on Uniswap in a wEXOS/ETH pair. More information will be shared about this in the future.

Thanks for being part of the ExO Economy and wanting to understand how to participate and how to perform technical tasks. The ExO Economy is an open project and therefore uses GitHub to house most of the elements including the guides on many of the technical aspects. This help article will point you in the right direction for different elements. Please click on the topic below for the information you are looking for. For Purchase of EXOS Tokens Please see the Video below:

We have created DADA (Digital Asset Distribution Application) in order for our community to be able to distribute tokens to multiple people simply and effectively.

In order for you to receive the EXOS there are some steps that you need to follow. We have created this in Video format as well as written format. You can watch the videos and then use the step by step guide with screens in order to complete the process.

Here is the link: https://help.openexo.com/en/articles/2985907-step-by-step-guide-for-claiming-exos-using-our-dada-digital-asset-distribution-application

We have an ExO Economy Treasury that has a budget of EXOS to grant to amazing projects that are Driving Engagement within the ExO Community, Economy and transforming the world for a better future. Once you receive a grant these here are the requirements to follow:

Open and Transparent Reporting

EXOS that are granted will be issued by the Treasury in tranches so for example if you have been awarded a grant of 50 000 EXOS for a project that will last one year, the first tranche will be enough for the first 3 months. In order to ensure that the EXOS that are granted to projects are used in accordance with the OpenExO Community Guidelines we require that grantees go to the following link:

https://help.openexo.com/en/articles/5234375-procedure-for-exos-grant-recipients

Yield Farming, in essence, is a way of trying to maximize a rate of return on capital by leveraging different DeFi protocols.

Yield farmers try to chase the highest yield by switching between multiple different strategies. The most profitable strategies usually involve at least a few DeFi protocols like Compound, Curve, Synthetix, Uniswap or Balancer. If the strategy doesn’t work anymore or if there is a better strategy available the yield farmers move their funds around. They may, for example, move the funds between different protocols or they may swap some of their coins to other ones that are currently generating more yield. In our yield farming world, this procedure is sometimes called crop rotation.

Download the document:

What is Yield Farming

Or visit the link: https://docs.google.com/document/d/1lCbltnwT8DFpy-S4RmZHtQGexP067cEgQzLMGuz3pn0/edit?fbclid=IwAR1YXdeKN2lTPirP9rJnEAIrvpVV0imXsqFWdNkJuV_ZeP3oqz2UmElxLSs#

You can take a look at the help channel in Discord and ask questions in the support channel. The video below gives you some help too:

Early adopters in the wEXOS liquidity pool have the ability to participate in liquidity, that is earning a staking yield, while supporting/validating the adoption of wEXOS into public exchange(s).

(1) Ability to stake wEXOS

(2) Ability to earn a staking reward

(3) Ability to Yield Mine.

In terms of cryptocurrencies liquidity is the ability of a coin to be easily exchanged into fiat or other cryptocurrencies.

Different types of liquidity pools and how they work. Full article: https://docs.google.com/document/d/1Jkbdkjh-wzwGzethydfVmts-AlMZob5M/edit?usp=sharing&ouid=109795030509341397677&rtpof=true&sd=true

There are 3 different methods of utilizing your money to make money - Yield farming, Crypto Mining, and Crypto Staking.

A Decentralized exchange (“DEX”)

“Decentralized exchanges (DEX) are a type of cryptocurrency exchange which allows for direct peer-to-peer cryptocurrency transactions to take place online securely and without the need for an intermediary.”  Wikipedia

Not yet.

You can’t. You will need to convert to wEXOS once listed.

When there are buyers you can sell wEXOS for ETH

  1. To learn more about crypto
  2. To support the OpenExO Communities reach into the Ethereum network to attract ETH traders to the wEXOS token

Ethereum (ETH) and wEXOS

  1. Buy them on Uniswap with ETH
  2. Convert EXOS to wEXOS via the Core Wallet Gateway

The native cryptocurrency of the EXOS blockchain network

The native cryptocurrency of the Ethereum blockchain network.

An ERC-20 token on the Ethereum blockchain network, also known as a wrapped token

Uniswap Dashboard

Yes, there are two kinds.

(1) Daily gateway conversion of EXOS to wEXOS per wallet - xxxxx EXOS

(2) Total daily conversion of EXOS to wEXOS - xxxxxx EXOS

Trading limits are a temporary measure to protect the network from too much sell pressure and avoid whale manipulation of the market - A bitcoin whale is a cryptocurrency term that refers to individuals or entities that hold large amounts of bitcoin. Whales hold enough cryptocurrency that they have the potential to manipulate the currency valuations.

First, any risks you take are your own. Make your own choices. That said, There are several types of risks. We discussed many in the ExO Economy Town Hall with Amber Case on impermanent loss, DeFi data fragmentation, governance, centralized banks, inflation, deflation, middle ground for adoption, operational risk @ 35:30 at https://economy.openexo.com/#/channel/1029-copyof-702/jv4xm4dkjbtuevspnvxvowshg5bgk3kt

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