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TOKEN Details Challenging cap: $twenty five million (ICO Members get fifty% of complete token offer) Conversion charge: 1 NEX = $one Highest market place cap at ICO on a completely diluted foundation: $fifty million Bonus framework: None Presale or white list: Whitelisting will be done by way of a lottery program Blockchain system: NEO's NEP5 token Nations around the world excluded: TBA Timeline: March twelve, 2018: NEX opens registration for token sale lottery. March thirty, 2018: Registration closes. March 31, 2018: Winners announced. April seven, 2018: KYC closes for the winners of the very first lottery. April 8, 2018: 2nd round lottery winners announced. April 2018: Token Sale (Precise dates TBA - You should Refer to NEX’s web site for the most up to day info) Token distribution day: TBA TOKEN Income Day Timeline: March twelve, 2018: NEX opens registration for token sale lottery. March thirty, 2018: Registration closes. March 31, 2018: Winners declared. April seven, 2018: KYC closes for the winners of the initial lottery. April 8, 2018: Second round lottery winners announced. April 2018: Token Sale (Precise dates TBA - You should Refer to NEX’s internet site for the most up to date info) Token distribution date: TBA WHITE Record TO Be part of if any Lottery System 3t Networks ICO OVERVIEW 1

THE Project

Being a single of the very first decentralized exchange supporting NEO’s NEP5 tokens, Neon Exchange hopes to provide substantial investing volume and innovative functions to the decentralized trade area so end users can get gain of equally the convenience of centralized exchanges with the stability of decentralized exchanges.

NEX is heading to use “off-chain relay” which, alternatively of executing trades immediately on the blockchain, potentially clogging up the network, employs sidechain intelligent contracts to match orders, and then they are fulfilled onchain.

In addition, NEX will be using an computerized matching engine (which is semi-centralized) to decrease arbitrage opportunities and to allow for far more sophisticated trade orders.

ICO Purchasing Done For You because of the centralized elements, NEX will also host a general public record of all trades and orders so that the community can validate transactions, and, if they locate out any incorrect actions with the matching engine, they can claim a compensation award.

To even more improve security although granting ease of entry, NEX will have consumers retailer their non-public keys shopper-side (in a net browser through extension). This will let end users to login and interact with the NEX system with out uploading their non-public keys. The UI will be similar to MetaMask, but will consist of the pursuing functions:

he payment structure will divided into maker/taker charges, with makers (customers who put the trade purchase up) having a % price to encourage liquidity, and takers (consumers who just take up the get) having a .13-.25% fee dependent on the investing quantity they create.

Another component of the NEX ecosystem will be its Payment Support, which will be a pool of NEO and a NEO equivalent (XNEO), which can more efficiently interact with wise contracts. This will serve to additional reduce friction when sending NEO due to the fact 1 can simply transform in between the two equal currencies prior to and after transactions complete.

WHAT IS THE TOKEN Employed FOR