NEX

NEX — A platform for high performance decentralized exchange and payment

Token sale start: September 3, 2018

Neon Exchange (NEX) is a new decentralized exchange that solves these problems, leveraging a high performance off-chain matching engine built with Elixir to handle massive order volume, allow cross-chain exchange, and support more complex trading APIs. NEX is the first decentralized exchange (DEX) that will allow its clients to enter the exchange with fiat currencies such as USD, powered by a global network of licensed third parties.

NEX envisions a vibrant ecosystem of web-based decentralized applications (dApps) running across public blockchains such as NEO, Bitcoin, and Ethereum. These applications require tools to interact with, make transactions upon, and send data across chains. To achieve this vision, NEX is developing the first cross-chain browser extension. Web applications can use this extension to collect payments for goods in any digital currency, make trades and transactions across blockchains, and interact with smart contracts across NEO and Ethereum. All of this cross-chain functionality is powered and made possible by the NEX off-chain matching engine.

NEX tokens will provide holders with a share of all revenue generated by the exchange and related services. Revenue per user will be determined by the number of NEX tokens they hold and the length of time they commit to staking their tokens. The minimum fee share rate is 25%, increasing linearly to a maximum of 75% when tokens are staked for two years.