|Platform for Complex Cryptographic Trade||
NEX leverages an off-chain matching engine to enable faster and more complex trades across multiple blockchains such as NEO and Ethereum.
|Price||1 NEX = 1 USD|
|Distributed in ICO||50%|
|Tokens for sale||25000000|
|preICO start||preICO end||ICO start||ICO end|
|n/a||n/a||2018-09-03 00:00:00||2018-09-14 00:00:00|
Today, cryptocurrencies are primarily traded on centralized exchanges where user funds are at risk to hackers and platform managers. Decentralized exchanges (DEXs) allow users to retain control of their funds as trades are mediated by smart contracts on a blockchain. Unfortunately, today’s DEXs are slow, hard to use, and are restricted to trades on a single blockchain. Neon Exchange (NEX) is a new decentralized exchange that solves these problems, leveraging a high performance off-chain matching engine built with Elixir to handle massive order volume, allow cross-chain exchange, and support more complex trading APIs. Many people do not use DEXs because they cannot trade with their national currencies. NEX is the first DEX that will allow its clients to enter the exchange with fiat currencies such as USD, powered by a global network of licensed third parties.
Exchange services are critical not just for users of cryptocurrencies, but also for many other applications built upon blockchain technology. NEX envisions a vibrant ecosystem of web-based decentralized applications (dApps) running across public blockchains such as NEO, Bitcoin, and Ethereum. These applications require tools to interact with, make transactions upon, and send data across chains. To achieve this vision, NEX is developing the first cross-chain browser extension. Web applications can use this extension to collect payments for goods in any digital currency, make trades and transactions across blockchains, and interact with smart contracts across NEO and Ethereum. All of this cross-chain functionality is powered and made possible by the NEX off-chain matching engine.
NEX is issuing 50 million tokens to fund development and future expansion, of which 25 million will be sold to the public. NEX tokens are in the process of being registered as a security (first in Europe), and will provide holders with a share of all revenue generated by the exchange and related services. Revenue per user will be determined by the number of NEX tokens they hold and the length of time they commit to staking their tokens. The minimum fee share rate is 25%, increasing linearly to a maximum of 75% when tokens are staked for two years.
- Q1 2018
Launch of web extension for dApp integration with NEO blockchain and NEX exchange
Registration, lottery, and KYC for NEX token sale
Release of an open source framework for conducting such sales, including smart contracts, wallet and extension integration, KYC, and backend website
Open source framework and template for interaction with NEX banking partner APIs
Announcement of partnerships
- Q2 2018
Participation for lottery winners in the NEX token sale
Matching engine launch on NEO TestNet, along with v1 of exchange APIs for testing with our liquidity creation partners (e.g., trading bots)
Trading interface launch on NEO TestNet: usability research and information gathering from alpha testers
NEX web extension support for ETH and ERC20 tokens
Buy and sell NEO, GAS, and RPX through banking partners
Release of v1 of web extension dApp APIs, for integration on client websites and smart contracts on ETH and NEO (e.g., APIs that allow websites to interact with smart contracts, or request payments in NEO or ETH or constituent tokens from a user)
- Q3 2018
Beginning of trading operations: Matching engine and trading user interface launched onMainNet with support for NEO, ETH, NEP5, and ERC20 tokens
Cross-chain token conversion support in NEX extension wallet
Launch of staking contract on NEO for holders of NEX to receive exchange revenue
- Q4 2018
Once required licenses are granted, NEX and other security token trading starts on NEX
Advanced trading features
Cross-chain support for trading BTC, LTC, and RPX on NEX
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