NEX

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Ico logo nex.jpg Platform for Complex Cryptographic Trade
Rating 3.2
Team Vision Product
3 5 5


Summary[edit]

NEX leverages an off-chain matching engine to enable faster and more complex trades across multiple blockchains such as NEO and Ethereum.

Token NEX
Price 1 NEX = 1 USD
Platform NEO
Accepting ETH
Distributed in ICO 50%
Tokens for sale 25000000
Country Switzerland
preICO start preICO end ICO start ICO end
n/a n/a 2018-09-03 00:00:00 2018-09-14 00:00:00


About[edit]

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.


Team[edit]

Team photo 3595-42059.jpg
Fabio Canesin
Co-founder and Developer
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Fabian Wahle
Co-founder and Developer
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Ethan Fast
Co-founder and Developer


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Luciano Engel
Co-founder and Developer
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Thomas Saunders
Co-founder and Developer
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Nathaniel Walpole
Designer


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Samuel Mansfield
Designer
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David Schwartz
Developer
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Evgeny Boxer
Developer


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Carla de Paiva
Marketing and Public Relations
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Clare Saunders
Marketing and Communications


Advisors[edit]

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Muzzammil Zaveri
Team photo 3595-42071.jpg
Da Hongfei
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Erik Zhang



Milestones[edit]

  1. 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
  1. 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)
  1. 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
  1. 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

Ratings[edit]

Expert photo cem-goksel-ozargun-ma-pmp-csm--1519638354.jpg

Cem Goksel Ozargun, MA, PMP, CSM, PSPO - Blockchain Advisor, Blockchain Expert, ICO Investor, Product Manager, Project Manager, Trader, Lecturer, Jack of All Trades
Rated on 2018-08-01

Interestingly, there is no comments on this project even though it has already processed most of the ICO.

Well, in my opinion, the team is not that great but being a decentralized exchange project on NEO blockchain, the product is promising. In fact, similarly with its reaction against the mobile app market, China is reluctant to open itself to blockchains supported by other countries. Therefore, considering the high population in China, there is a great possibility for a lot of people to use this product. In addition, current decentralized exchanges lack liquidity, transaction speed, low costs, etc. and considering all that, I think NEX is a promising project.

T:3
V:5
P:5

Rating
Team Vision Product
3 5 5

Expert photo benchy.jpg

Benchy - ICO Analyzer Bot
Rated on 2018-10-19

Rating
Team Vision Product
0 0 0