We found it appropriate to explain our motivations further our IEO further.

The NEXT.genesis IEO • Lightpaper • Onepager

2017 is commonly referred to as the year of ICO’s in the cryptocurrency space. Everyone knows that the sheer volume of investments in different ICO projects was huge. However, actual numbers are obscene. In 2017, 875 projects received decentralized financing for a grand total of $6,226,689,449. And what is even more mind-boggling, 95% of them do not even have a working product. Best case, many of these projects are just a pipedream, and in the worst case, they are an elaborate ruse or a cash grab.

In 2018, ICO’s slowly withered away with IEOs taking their place in the market. Although some IEOs adopted the worst features of ICOs, such as insatiable greed of investors and unrealistic expectations from the product compared to its actual state, IEOs are still a more democratic and legitimate method for decentralized project financing. This is the reason why we are making a conscious choice of acquiring financing for our expansion via an IEO.

NEXT.exchange — about us

Our journey began at the start of 2018. It was a long and challenging one, as we traversed many roadblocks and obstacles, with more to come. Throughout our presence in the crypto space, it was continuously evident that current crypto exchange solutions are not optimal. Even the largest cryptocurrency exchanges fall victim to horrendous breaches. Not only that, but the practice of faking trade volumes to lure in projects has become all too common of a hobby in the blockchain and crypto landscape. We fell into a decentralized environment which is depending on untrustworthy centralized exchanges.