Live Updates on NEX, Highly Anticipated ICO — Decentralized Exchange on NEO Platform

Photo by Robert Katzki on Unsplash

Hi All, This article provides you about live and useful updates about NEX — which is a decentralized exchange also called as DEX on NEO platform. This could be like EtherDelta for Ethereum. All kind fo NEO based tokens (NEP5 tokens) would be directly tradable from your wallet on this exchange.

Update 25 Feb’18

NEX has brought NEO closer to adoption by building a Metamask like chrome extension for NEO platform. They are calling it a NEX beta wallet extension, but would come up with a nice name soon.

This browser based wallet will allow users to interact with decentralised apps (dApps), as well as send and recieve NEO, GAS and NEP-5 tokens.

Update 25 Feb’18

Tokensale information has been finally revealed by NEON team. Don’t fall for any scams and never transfer your NEO/GAS or anything to someone claiming to issue tokens. Only trust information from neonexchange’s twitter or website.

Following are the phases of rollout for their token sale. They’ve got a lottery to participate — which is fair given huge demand and to avoid tiny individual cap. If that doesn’t get filled out (which is very unlikely) — they’re gonna give some more people a chance.

KYC is mandatory for both the rounds of lottery winners (every participant) and price for NEX is same in both the rounds.

Token distribution looks as follows

Update 22 Feb’18

Update 19 Feb’18

Next Sunday, 25th February, we will release our Token sale information at http://www.neonexchange.org and https://medium.com/neon-exchange with all the details we have up to date. Read it carefully and get ready!

Update 8 Feb’18

Red Pulse will be one of the first applications to, alongside NEX, bridge the traditional economy users with advanced Blockchain technology allowing professionals on the Red Pulse platform to easily onboard and offboard the RPX token with Fiat in a seamless experience.

Update 2 Feb’18

Just to reinforce: NEX has only 3 official sources of information:

https://twitter.com/neonexchange

https://medium.com/neon-exchange

https://neonexchange.org

This article is just a list of their updates and not an official source of information.

Update 22 Jan’18

Interview of Ethan Fast by CryptoLark

Ethan Fast the co-founder of NEX and City of Zion and the creator od the NEON wallet and discuss the NEX token sale and the importance of DEXs. NEX is a high powered decentralized exchange which is shaping up to be a formidable player in the space

NEX or NeonExchage are doing an ICO soon and details of their token sale are being teased starting today.

Following is the initial sneak peek they’ve given us today i.e. 13th January at 2:00PM EST via twitter.

Most common practices of good ICOs is

1. Asking users to signup for whitelist
2. Submit KYC/AML documents
3. Process the documents and IDs to verify all compliance checklist
4. Approve the whitelist and set a cap on maximum contribution to avoid whales accumulating.

So we hope the NeonExchange also does the same. I’ll be posting live updates via this article as well as on twitter. So do follow me on medium & twitter for quick updates.