Cross-chain launch to support trading of ETH and ETH tokens Thomas Saunders Co-founder and Developer B.A.
Thus a payment service layer was introduced to Neon Exchange that converts global assets (such as NEO and GAS) into smart contract tokens through the payment service address. NEX will, for the first time, use NEO, NEO Gas and the NEX token itself as initial trading pairs to allow for the purchase and sale of NEP -5 tokens. We can expect that with more users using the Neon Exchange, more fees will be generated. The fees received will be a direct cut of fees across each token on the exchange.
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- Fabio C. Canesin (Co – founder)
- Fabian Wahle (Co - founder)
- Ethan Fast (Co – Founder)
- Luciano Engel (Co – Founder)
- Thomas Saunders (Co – Founder)
- Nathaniel Walpole (Designer)
50% Neon Exchange, or NEX, is a decentralized exchange that is designed to combine the security of decentralized exchanges with the performance of centralized ones.
The technology is based on off-chain order matching, on-chain trade commitments and a token exchange layer. There will be a maximum of 50 million tokens available, which Neon Exchange hopes to use to raise $25 million for half of the tokens. The first is via a direct cut of fees across each token on the exchange. The public token sale for Neon Exchange is scheduled to being on April 1st, 2018 with an end date to be announced later.
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Q3 2018 Trading MVP Release Trading interface and matching engine launch on MainNet: begin trading NEO, GAS and NEX.
Neon Exchange wants to be the first decentralized exchange to allow its users to trade tokens on the NEO blockchain. Q4 2018 – Cross-chain launch to support trading of ETH and ETH tokens. As stated, the plan for Neon Exchange to give it an advantage over other decentralized exchanges is to use an off-chain matching engine. One such strength is the ability of the exchange to handle high volumes of trade because of its use of a verifiable off-chain matching engine.
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Marketing & Public Relations Neon Exchange was made with the goal of solving the issues that are made by regular decentralized networks.
Neon Exchange is based in Switzerland and as of this writing has a team of ten people with two advisors. According to the official website: NEX combines the NEO blockchain with an off-chain matching engine to enable much faster and more complex trades than existing decentralized exchanges. Neon Exchange, on the other hand, is built on a UTXO model, which means that funds are sent and received through a chain of separate IDs on the network. For example, if Neon Exchange is trading NEO, GAS, NEX, DBC and so on…the user would receive a share of each of these assets.
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I would like to see discounts on trading for holding NEX, similar to what the other exchange coins offer, but did not see this mentioned in the whitepaper.
Neon Exchange combines the NEO blockchain with an off-chain matching engine to enable faster and more complex trades than existing decentralized exchanges. For cross-chain exchanges, since the engine is off-chain, it will be able to communicate with smart contracts on any number of chains. Each NEX will be the equivalent of one US dollar The main difference between Neon Exchange and other decentralized exchanges are that it offers an off-chain matching system. Neon Exchange (NEX) is a decentralized platform on the NEO blockchain.
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The main part of the whitepaper is about the Neon Exchange and explains three major parts of the system: We can read about the NEX initial fee structure for trading.
The NEX token is a security, which means that the team can only list the token on exchanges permitted to trade securities. A good trading exchange must have a combination of performance, trust and security. Neon Exchange is ran by NEO’s blockchain network and can help you receive your cryptocurrencies while having a strong platform behind it. The NEX token will entitle its holders to a share of the fees generated by the NEX exchange. The NEX token holders will get a share of the fees generated by the NEX exchange. Whitelisting-10 march – 31 march Token sale : Since 1 April Accepts: NEO, GAS Q1 2018 Token sale and open source platform launch. Beyond enabling a decentralized exchange, NEX’s vision includes the creation of decentralized banking through a smart contract-based funds management service. This is the published roadmap so far: Q1 2018 – NEX Token Sale and the release of open source platform for token sales on NEO.