about
Business Idea
Neon Exchange was made with the goal of solving the issues that are made by regular decentralized networks. It’s used to combine security and trust properties from decentralized exchanges while also offering the same level of intense security as centralized exchanges.
Neon Exchange has three main components:
- Smart contract where the trades take place
- Payment service where NEO and GAS can be turned into tokens and traded into smart contracts.
- Off-chain trading machine engine
It works by allowing its users create their own type of taker/maker fee structure. This means that market makers who want to create new limit orders don’t have to pay a fee. Takers who want to create a limit order or an order that’s below the market price will have to pay a fee.
This gives it the ability to make it faster than other decentralized exchanges. Having the ability to create these orders help the network run without having to wait for long transaction times. Neon Exchange is ran by NEO’s blockchain network and can help you receive your cryptocurrencies while having a strong platform behind it.
ICO release of 50 million tokens (1 NEX = 1.00 USD)
The final allocation:
- 1% ESOP
- 50% Public ICO
- 20% Founding Partners
- 15% Neo Council
- 10% Partnerships
- 4% Company Fund
Pros
- Good business idea.
- Strong team based on information provided on website.
The NEX proposal appears to be a good solution to common problems. The fact that the tokens can be staked to produce a regular income means that it is the type of opportunity that many people are looking to put their money into.
In addition, in the white paper, it is stated that this could eventually provide a long-term solution for global decentralized banking.
Cons
On the side of the risks, this is an ICO that could run into regulatory problems, just like most ICOs. There is also the common risk that new technology makes this proposal obsolete before it can get the support it needs.
Social Media
Twitter – 49,9k followers, couple of posts a week. On average, over 200 retwitts and 400 – 200 likes per post.
News
Whitelisting-10 march – 31 march
Token sale : Since 1 April
Accepts: NEO, GAS
Q1 2018
Token sale and open source platform launch. Nex token sale and release of open source platform for token sales on NEO.
Q2 2018 Payment Service Launch.
On MainNet for NEO and GAS. Also, matching engine launch on TestNet supported by CLI.
Q3 2018 Trading MVP Release
Trading interface and matching engine launch on MainNet: begin trading NEO, GAS and NEX. Also, cross-chain demo on ETH and NEO TestNets.
Q4 2018 Cross – chain Launch and Margin Trading. Cross-chain launch to support trading of ETH and ETH tokens
Team
Thomas Saunders
Co-founder and Developer
B.A. University of Minnesota
Creator of neo-python
Co-founder CoZ
Nathaniel Walpole
Designer
B.A., Design for Industry, Northumbria
2017 UX UK Award Winner
Designed for Fortune 500 Companies.
Samuel J. Mansfield
Designer
Autodidact
Enterprise UI Designer
Designed for Alexa 500 websites.
David Schwartz
Developer
B.A., UC Berkeley
Former Core Engineer (Leaf Group)
Core Contributor to Neon Wallet.
Evgeny Boxer
Developer
10+ Years Experience in Software Development
Former Core Developer (Wix)
Core Contributor to Neon Wallet
Carla F. de Paiva
Marketing and Public Relations
MSc, Universidade do Estado de Santa Catarina
MBa, Fundação Getulio Vargas
MBa, Universidade do Vale do Itajai
Co-founder Lemonaid Learning Analytics
review conclusion
The idea behind the NEX proposal makes sense and it appears that it will address some common concerns about using cryptocurrencies. This alone doesn’t mean that it will be a success, but there is certainly a buzz building about this ICO. The team working on it is strong and the proposal seems to have been well thought . Among the key issues, the fact that it gives investors the possibility of a regular income is generating some of the excitement around now.
This is definitely one of the upcoming ICOs that it is well worth keeping an eye on.
milestones
Smart Contract Examples For payment service and decentralized exchange, demo of profit distribution mechanism on TestNet
Dec, 2017Payment Service Launch On MainNet for NEO and GAS. Also, matching engine launch on TestNet supported by CLI
Jun, 2018Cross-chain Launch and Margin Trading Cross-chain launch to support trading of ETH and ETH tokens. Also, support for margin trading on MainNet
Dec, 2018Token Sale and Open Source Platform Launch NEX token sale and release of open source platform for token sales on NEO
Apr, 2018Trading MVP Release Trading interface and matching engine launch on MainNet: begin trading NEO, GAS and NEX. Also, cross-chain demo on ETH and NEO TestNets
Sep, 2018team

Fabio Cesar Canesin
Developer
Fabian Wahle
Developer
Ethan Fast
Developer
Luciano Engel
Developer
Thomas Saunders
Developer