Neon Exchange (NEX) is a platform for decentralized cryptographic trade and payment service creation.
This system contrasts with the current centralized model in which users deposit their funds and the exchange issues an IOU that can be freely traded on the platform. The public token sale for Neon Exchange is scheduled to being on April 1st, 2018 with an end date to be announced later. The technology is based on off-chain order matching, on-chain trade commitments and a token exchange layer. The advantages that NEX intends to offer over the current crop of decentralized exchanges are performance, usability, and the aforementioned capability to use fiat to enter the exchange. There are five co-founders of Neon Exchange, each of which also holds a developer position within the company.
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- Project name: Neon Exchange (NEX)
- Token symbol: NEX
- Token type: NEO Blockchain / NEP5 token
- ICO Token Price: 1 NEX = 1.00 USD
- Fundraising Goal: 25,000,000 USD
NEO-based ICO Neon Exchange has come up with some innovative ways of launching its ICO, though potential investors have raised security concerns.
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. We can expect that with more users using the Neon Exchange, more fees will be generated. It does this by combining the NEO blockchain with an off-chain matching engine to enable much faster, larger volumes of trading and more complex trades than the existing decentralized networks. The matching engine will be tasked with handling order matching, which is the most expensive aspect of running an exchange. Speed issue : NEX combines the NEO blockchain with an off-chain matching engine to enable high volume at much faster and more complex trades than existing decentralized exchanges.
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Beyond enabling a decentralized exchange, NEX’s vision includes the creation of decentralized banking through a smart contract-based funds management service.
Should Neon Exchange become Top 30 Crypto exchange on the market – per our calculations the profit from staking 75% of your coins would generate approximately 40% profit per year. Whitelisting-10 march – 31 march Token sale : Since 1 April Accepts: NEO, GAS Q1 2018 Token sale and open source platform launch. Neon Exchange is ran by NEO’s blockchain network and can help you receive your cryptocurrencies while having a strong platform behind it. A good trading exchange must have a combination of performance, trust and security. Smart Contract for Token Exchange NEX makes use of special smart contracts that are used to “perform trades between users”.
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DEX (Decentralized Exchanges) offer a layer of security by giving users an encrypted blockchain network and the ability to create smart contracts.
As stated, the plan for Neon Exchange to give it an advantage over other decentralized exchanges is to use an off-chain matching engine. this way, token holders who stake NEX benefit directly from the success of the exchange services: as Similar to other exchanges, NEX will offer a token that pays out trading fees to users holding the coin. Neon Exchange recently announced that their legal team has determined that Japan, South Korea and China can participate in the ICO. The combination of off-chain matching and decentralization will self-sell the NEX exchange to more experienced crypto users.
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Neon Exchange aims to combine the performance of centralized exchanges with the trust and security of decentralized exchanges.
Neon Exchange wants to be the first decentralized exchange to allow its users to trade tokens on the NEO blockchain. As a result, NEX is proposing a decentralized exchange that is paired with an off-chain matching engine. 34⁄40(85%) Short term: NeutralLong term : Strong Buy Neon Exchange’s (NEX) goal is to be a better version of Ethereum. Users can choose to receive claims as a direct cut of fees across each token on the exchange or the equivalent amount in a specifies asset of their choosing. 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.
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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 has three main components: It works by allowing its users create their own type of taker/maker fee structure. The idea of combining a decentralized exchange with an off-chain matching engine certainly has some appeal and may be the next step in making cryptocurrency exchanging more accessible and palatable. 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. To understand Neon Exchange’s technology, let’s first take a step back and understand the NEO blockchain at a basic level.