Neon Exchange (NEX)

Neon Exchange (NEX) widget

ICO date:
Product Type: Platform
Industry: Financial Services
Trading
Description:

NEX is a platform for complex decentralized cryptographic trade and payment service creation.

Features:

Neon Exchange (NEX) is a platform designed to facilitate decentralized cryptographic trading and payment services.

NEX is a decentralized exchange that will run on the NEO blockchain (China’s public blockchain). It employs a publicly verifiable off-chain matching engine to process trades and support complex orders. NEX team are planning to introduce exchange on Ethereum later on.

NEX’s major objective is to consolidate the performance of centralized exchanges with the security of the decentralized ones. The NEX system includes three main components: an off-chain trade matching engine, smart contracts for trade executions, and payment service.  

NEX payment service will be able to convert global assets, e.g. NEO and GAS, to tokens that can be transferred directly by smart contracts. The NEX token is a utility token. NEX holders will be able to claim their profits through a staking process. It will operate similarly to GAS claim calculations on the NEO network.

NEX is also offering a wallet extension that enables coordination between NEX, dApps and websites. NEX’s MainNet trading release is set for Q3 2018.

Website: neonexchange.org
Whitepaper: Whitepaper

Rating Review and Analytics

Investment rating
NA
Hype score
Medium 2.3 / 5.0
Risk score
High 3.8 / 5.0

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