NEX – Neon Exchange

Category: Exchange

About

Neon Exchange was created with the goal of solving the problems that are made by regular decentralized networks. It’s used to combine security and trust properties from decentralized exchanges while additionally providing a similar level of intense security as centralized exchanges. Neon Exchange has 3 main components: 1. Smart contract where the trades occur 2. Payment service where neo and GAS can be become tokens and traded into smart contracts. 3. Off-chain trading machine engine It works by permitting its users create their own kind of taker/maker fee structure. This implies that market makers who need to create new limit orders don’t need to pay a fee. Takers who need to create a limit order or an order that’s below the market price will need to pay a fee. This gives it the power to make it quicker than alternative decentralized exchanges. Having the power to create these orders facilitate the network run without having to wait for long transaction times. Neon Exchange is ran by NEO’s blockchain network and might assist you receive your cryptocurrencies while having a robust platform behind it.

Documents

Whitepaper

Contacts

NEX

Switzerland
Zug
contact@neonexchange.org

Milestones

  • 2018 March
    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
  • 2018 June
    Token sale; Matching engine TestNet release; Trading interface TestNet release; Cross-chain token support; Token purchasing; API for dApps
  • 2018 September
    MainNet trading release; Cross-chain wallet conversion; Staking contract release
  • 2018 December
    Trading features; Cross-chain support; Index funds

Financial distribution

50% Public ICO
20% Founders
15% NEO Council
10% Partnerships
4% Company fund
1% E.S.O.P

Team

Board of directors

Fabio C. Canesin
Co-founder and Developer
Fabian Wahle
Co-founder and Developer
Ethan Fast
Co-founder and Developer
Luciano Engel
Co-founder and Developer

Advisors

Muzzammil Zaveri
Advisor
Da Hongfei
Advisor
Erik Zhang
Advisor

Team

Thomas Saunders
Co-founder and Developer
Nathaniel Walpole
Designer
Samuel J. Mansfield
Designer
David Schwartz
Developer
Evgeny Boxer
Developer
Carla F. de Paiva
Marketing and Public Relations
Clare Saunders
Marketing and Communications

ICO information

Token information

Dates and stages

Ratings and reviews

TokenDesk rating
8.2
Reviewed and rated by
2 experts|0 members
TD team
9.8
Vision
9.3
Product
9
Team
8.7
Profile
9
Scanner
6.3
TD team
9.8
Vision
9.3
Product
9
Team
8.7
Profile
9
Scanner
6.3
Tokendesk team Admin
9.8
Vision
10
Product
9
Team
10
Profile
10

Idea: NEX is a decentralized exchange but the main difference from others DEXs and protocols is Off-Chain Matching Engine. All maching orders will be handled off-chain, in a trust and secure manner, which would allow making high-speed, high liquidity trading platform.

Team: NEO has largest open source community “City of Zion”. All NEX Co-Founders are also Co-Founders of CoZ. That shows that NEO and NEX teams are working very closely which is a strong indicator that this project will be successful. Team members have years of experience in cryptocurrency and IT space. Although team looks pretty young in age, but the advisors are very strong from Neo council.

Product: Neon exchange is built on NEO blockchain. NEX  — is a security token, which gives a right to receive a share from company income. That means the team will officially submit a listing only on exchange with a license to trade securities. NEX exchange is planning to take a fee. All NEX token holders are eligible to receive a share from generated fees. In order to apply tokens must be staked to a contract. The longer you stake the more % you get.

Token structure: NEX hard cap is 25 mln usd, which is a fair amount for this kind of project. A very good sign is that they have “whale protection”, they randomly selected 25 000 people who are allowed to invest 1000 usd. Tokens are locked for 2 years with a slow release for NEX Co-Founders, Council and Partners (22.5mln tokens locked of 50mln max supply). This is a good indicator for investor, that shows that team is there for the long term.

Kevin Cunningham Expert·Standart·2018-06-13
8.0
Vision
8
Product
9
Team
7
Profile
8
Weight
20%
Considering investing, Already invested, Project endorser, Product believer
Pros: based on neo blockchain, on new limit orders no fees
Cons: i dont see any,great project
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Jan Powol Expert·Basic·2018-06-11
9.3
Vision
10
Product
9
Team
9
Profile
9
Considering investing, Product believer
Pros: Team:
The team, in general, has fundamental experiences in blockchain and proved themselves on previous projects. The team of Neonexchange is integrated well into the NEO ecosystem and thus has a great networking through projects like CityofZion, NOS and so on
Development:
Q1 2018 NEX Browser Extension is already finished.
The MainNet is scheduled to be released in Q3 2018. The advanced trading support and the cross-chain support, especially for Ethereum, is planned for Q4.
Product:
Decentralized exchange with high scalability and a full control over your own assets. High participation in fees on the exchange. Exchange works with an off-chain matching engine.
As a security token, NEX tokens are in the process of being registered (first in Europe) and will provide holders with a share of all revenue generated by the exchange and related services
Community hype:
Fair lottery system. 125000 participants on the lottery system, but only 25000 were chosen to participate in ICO. The very high demand for NEX tokens generates a hype.
Cons: The team has no foreknowledge about exchanges. No Marketing activities (no telegram/reddit)
Many competitors (centralized as well as decentralized exchanges)
Market uncertainty  current bearish market situation and the loss of volume on many exchanges.
Only NEP5/NEO tokens are available at the launch of the exchange.

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NEX – Neon Exchange

Category: Exchange
TokenDesk rating
8.2
Reviewed and rated by
2 experts|0 members
TD team
9.8
Vision
9.3
Product
9
Team
8.7
Profile
9
Scanner
6.3
TD team
9.8
Vision
9.3
Product
9
Team
8.7
Profile
9
Scanner
6.3
Platform
NEO
Token
NEX
Token value
1 USD
Hard cap
25 000 000 USD
Payments
NEO

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