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