Aphelion, a tokenized-distribution protocol facilitating a peer-to-peer (P2P) smart contract called a Distributed Exchange Asset Ledger (DEAL) today announced some key development updates with the initial release set to launch.

Developers are now in around the clock development mode working on getting a proof of concept completed as soon as possible. For DEAL, Aphelion has finished initial wireframe designs including conversion into a clickable prototype that is currently undergoing testing, edits & adjustments.

Next, the team announced, “we’ll move full speed ahead into javascript front-end UI development. Our next wallet release will be the first phase of the Aphelion DEX allowing NEO token on-chain p2p exchanges.”

Concerning the Aphelion dApp script behind the smart contracts which will power the rules of the Aphelion exchange, the team stated, “we are making sure that every possible scenario is built into the logic of our script. Many of you have seen our algorithm pseudocode built into our whitepaper and we’ve taken that blueprint and are building something amazing that will truly revolutionize how exchanges are made.”

Further updates include:

Working on Ledger integration for Aphelion tokens on the next wallet release.

Aphelion will support interoperability with the Ethereum blockchain but not in the first release but most likely this year, with developers shooting for Q2.

Outside of the APH token requirement for exchange, there will be zero fees for using the Aphelion DEX.

Looking at incorporating limit orders into the initial release.