THELOGICALINDIAN - n-a
Cryptocurrency trading basement is at a acute capital in its development. Trading primarily occurs on centralized exchanges area user funds are apparent to the accident of hacking and abridgement of admission to liquidity. Exchanging authorization for agenda bill itself charcoal a barrier to added acceptance that is yet to be addressed on a ample level.
These issues are both above barriers to the advance of cryptocurrency as an asset. Within the crypto space, the allowances offered by decentralized exchanges (DEXs) are alpha to bolt on. DEXs acquiesce users to absorb ascendancy of their funds, as trades are advised by acute affairs on a blockchain; but on-chain ciphering is about too apathetic to accumulate up with aerial aggregate adjustment books.
As for the development of NEO itself as an arising acute arrangement platform- the basement bare to ability the calibration envisioned by the activity founders is still in its infancy. Enter the NEX ICO. (Update – account on badge auction is advancing on Feb 25th.)
Neon Barter (NEX) is a decentralized belvedere on the NEO blockchain that applies a about absolute offchain analogous agent to handle trading aggregate and abutment circuitous orders (such as absolute orders) that are not accessible on absolute DEXs. NEX will be the aboriginal barter to advance NEO, NEO Gas and its own NEX badge as abject pairs to barter NEP-5 tokens.
Designed to accouter the accumulated allowances of both on/offchain solutions, NEX will accept orders from an offline wallet, bout bids offchain and fulfil orders onchain. In accession to the barter platform, NEX additionally introduces a acquittal account and funds administration band that enables third affair acute affairs on NEO to accelerate and accept assets.
Yet another affection of NEX will be the new, convenient acute wallet Chrome addendum to abundance currencies off of the barter while accompanying acceptance for burning trading. Co-founder Fabio Canesin declared the wallet addendum as a “MetaMask NEON Wallet” appliance acceptance users to admission exchanges while cautiously advancement aegis of tokens.
Underlying the Neon Barter is the NEX token. 50 actor tokens will be issued that accord holders a allotment of the profits generated by the acquittal account and barter appearance of NEX. In this way, badge holders who pale NEX account anon from the success of the barter services: as added fees are generated, holders will accept beyond rewards.
Fabio Canesin is at the captain of the NEX ICO. Fabio is the artist of the City of Zion abstraction and a Co-founder of the project. He holds an MSc in Computational Mechanics and Variational Multiscale Modelling. He has a across of business acquaintance including the Oil and Gas sector. He is additionally Co-founder and CTO of Lemonaid Learning Analytics, a tech startup in Brazil.
Fabian Wahle, Co-founder and Developer of NEX holds a PhD in Machine Learning and AI from ETH Zurich. Fabian is a co-founder and CTO of Augmented Reality med-tech aggregation Altoida and additionally a Co-founding affiliate of City of Zion.
Ethan Fast, Co-founder and Developer , holds a PhD in HCI and AI from Stanford. Ethan is the founder of a Y Combinator backed startup, Proxino, in accession to actuality a Co-founding affiliate of the City of Zion and a architect of Neon Wallet.
Advising the aggregation are NEO Council founders Da Hongfei and Erik Zhang. The absolution and blank of two NEO founders in the NEX ICO lends a ample amount of believability to the activity and includes the abetment of the activity by Onchain.
The proposed improvements NEX brings to the NEO ecosystem are advanced in scope. The NEX wallet addendum is planned for absolution before the ICO, which will accommodate a abundant advancing another to the Neon Wallet.
One key advantage to the wallet addendum is that NEX users will not accept to anguish about appointment their NEP-5 tokens on and off of the platform. In Q1 2018 as well, a built-in ICO belvedere for NEP-5 tokens is planned for launch, acceptance for a added automated ICO action that initially got off to a bouldered start. Further bottomward the band on the roadmap, NEX will apparatus its decentralized cyberbanking platform, acceptance users to use authorization to anon acquirement NEP-5 tokens.
The roadmap is absolutely comprehensive, in that every acute allotment of the NEX ecosystem is included in the vision. Purchasing NEP-5 tokens with fiat, autumn them cautiously and trading on a decentralized belvedere are all elements that comprise the eyes of the NEX ICO project. This is by all agency no accessible accomplishment to achieve, but the aggregation abaft the activity accept an aberrant clue almanac and are able of authoritative the eyes a reality.
The acknowledged deployment of the NEX activity will abode NEO in a absolutely different position aural the crypto amplitude as the aboriginal agreement to accomplish an absolutely complete ecosystem.
The crypto amplitude is due for an cardinal of decentralized exchanges in 2024, and NEX will accept to argue with the competition. The NEO/NEO Gas/NEX based trading brace exclusivity is of accurate agenda actuality back it comes to predictions on how the barter will fare. ETH based trading pairs will not be accessible until Q4 2024 and BTC is as of yet unannounced.
On the one hand, the limitation to NEP-5 tokens may assume in some means problematic; however, absorption the focus of the barter may absolutely accept the adverse aftereffect of alluring a abundant beyond user abject because NEX will abutment the best chip and absolute basement for traders of NEP-5 tokens. In this sense, the action of ablution the barter to abduction a accurate alcove of the bazaar may able-bodied comedy out added against the success of NEX in the continued run.
By the time affiliation with ERC20 tokens comes around, accepting an accustomed alcove in the DEX arena acreage could able-bodied assignment against the favor of NEX but charcoal a ample ambiguity at this point.
There is a apparent abridgement of advertising about the NEX ICO for the actuality that it is such an basic allotment of the NEO Smart Economy. It is arguable that the force of NEX at the centermost of the absolute ecosystem will lock in users about by default.
It is abnormal with an ICO planned for Q1 2024 that there is not alike a Telegram babble to body a amount association of supporters. We achievement to see this change as the capacity about the absolute ICO become added clear.
The NEX ICO signifies a massive footfall advanced in the development of the NEO Smart Economy. The addition of NEO based trading pairs, bigger wallet function, ICO barrage belvedere and decentralized cyberbanking all represent a cogent anniversary in the development of the crypto amplitude as a whole.
As of September 3rd 2024, we accept invested in the NEX ICO.
Learn added about the NEX ICO from our Telegram Community by beat here.
NEX ICO REVIEW SCORES
SUMMARY
The NEX ICO is a above development for both the NEO Smart Economy as able-bodied as the decentralized barter bazaar as a whole. The advances NEX offers to the NEP-5 badge ecosystem are absorbing and the aggregation abaft the activity accept a clue almanac to be reckoned with. We will be agreement a ample bet on the NEX ICO.
Founding Team……………………….9.8
Product…………………………………..8.6
Token Utility…………………………..9.2
Market…………………………………..9.5
Competition…………………………..8.4
Timing……………………………………9.9
Progress To Date……………………8.9
Community Support & Hype…..9.2
Price & Token Distribution……..9.5
Communication………………………8.7
FINAL SCORE……………………….9.2
UPSIDES
DOWNSIDES
Today’s Date: 1/3/17
Project Name: Neon Exchange
Token Symbol: NEX
Website: https://neonexchange.org
White Paper: https://neonexchange.org/pdfs/whitepaper_v1.1.pdf
Crowdsale Hard Cap: $25 million
Total Supply: 50 million
Token Distribution: 50% to crowdsale
Price per Token: 1 NEX = 1 USD
Maximum Market Cap (at crowdsale price): $50 million
Bonus Structure: N/A
Presale Terms: No presale
Whitelist: TBA
Important Dates: Q1 2024 ICO
Expected Token Release: TBA
ICO Review Disclaimer
The aggregation at Crypto Briefing analyzes an antecedent bread alms (ICO) adjoin ten criteria, as apparent above. These belief are not, however, abounding analogously – our proprietary appraisement arrangement attributes altered degrees of accent to anniversary of the criteria, based on our acquaintance of how anon they can advance to the success of the ICO in question, and its investors.
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Decentral Media LLC, the administrator of Crypto Briefing, is not an advance adviser and does not action or accommodate advance admonition or added banking advice. Accordingly, annihilation on this website constitutes, or should be relied on as, advance admonition or banking admonition of any kind. Specifically, none of the advice on this website constitutes, or should be relied on as, a suggestion, offer, or added address to appoint in, or burden from agreeable in, any purchase, sale, or any added any investment-related action with account to any ICO or added transaction.
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Cryptocurrencies and blockchain are arising technologies that backpack inherent risks of aerial volatility, and ICOs can be awful abstract and action few – if any – guarantees. You should never accomplish an advance accommodation on an ICO or added advance based alone on the admonition on this website, and you should never adapt or contrarily await on any of the admonition on this website as advance advice. We acerb acclaim that you argue a accountant advance adviser or added able banking able of your allotment if you are gluttonous advance admonition on an ICO or added investment.
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Founding Team
This class accounts for the leaders, developers, and advisors.
Poor quality, weak, or amateur administration can doom a activity from the outset. Advisors who serve alone to pad their own resumes and who accept aside roles can be concerning. But abundant leadership, with accordant industry acquaintance and contacts, can accomplish the aberration amid a acknowledged and assisting ICO, and a flub.
If you don’t accept a aggregation accommodating and able to body the thing, it won’t amount who is at the helm. Good aptitude is adamantine to find. Developer profiles should be scrutinized to ensure that they accept a accurate history of alive in a acreage area they should be able to succeed.
Product
What is the technology abaft this ICO, what artefact are they creating, and is it new, innovative, altered – and needed?
The IOTA activity is a amazing archetype of engineers run amok. The technology declared or in use charge be maintainable, achievable, and realistic, contrarily the accident of it never advancing into actuality is abundantly high.
Token Utility
Tokens which accept no absolute use case are apparently the affliction off, although belief can still accomplish them accept some anatomy of value.
The best tokens we analysis are the ones that accept a affected use case – you charge accept this badge to comedy in some bold that you will apparently admiration to comedy in. The actual best account tokens are the ones which put the badge holder in the position of bartering tokens to businesses who would be able to finer accomplish use of the platforms in question.
Market
There doesn’t accept to be a bazaar in adjustment for an ICO to account able-bodied in this class – but if it intends to actualize one, the altercation has to be acutely compelling.
If there is an absolute market, questions actuality absorb whether it is accomplished for disruption, whether the technology enables article better, cheaper, or faster (for example) than absolute solutions, and whether the bazaar is historically acquiescent to new ideas.
Competition
Most account accept several implementations. If there are others in the aforementioned field, the analyst needs to ensure that the others don’t accept accessible advantages over the aggregation in question.
Moreover, this is the abode area the analyst should analyze any abeyant weaknesses in the company’s position affective forward. For instance, a axiological weakness in the STORJ arrangement is that the badge is not appropriate for purchasing storage.
Timing
With abounding ICO ideas, the timing may be too backward or too early. It’s important for the analyst to accede how abundant appeal there is for the artefact in question. While the IPO bang adjourned a lot of abundant account that eventually did appear to fruition, a acceptable analyst would admit back an abstraction is too early, too late, or aloof right.
Progress To Date
Some of the atomic acute ICO propositions are those that affirmation their founders will accomplish some abroad goal, ancient in the future, aloof so continued as they accept your banknote with which to do it.
More absorbing (usually) is the ICO that seeks to added some advance forth the aisle to success, and which has a clearly-identified roadmap with accessible and reasonable milestones forth the way. Founders who are already partially-invested in their articles are about added invested in their futures.
Community Support & Hype
Having a able association is one of the axiological architecture blocks of any able blockchain project. It is important that the activity demonstrates aboriginal on that it is able to accomplish and body a able and empowered abutment base.
The ICO exchange is acceptable added awash and added competitive. While in the accomplished it was abundant to alone advertise an offering, today’s acknowledged ICO’s assignment adamantine to body acquaintance and action about their offering.
Price & Token Distribution
One of the better factors belief any assay is price. The lower the amount the added there is to gain. But too low of a amount may aftereffect in an beneath capitalized project. It is accordingly important to appraise amount about to the alone project, its ability and the bazaar it is activity after.
The absolute accumulation of tokens should additionally be justified by the needs of the project. Issuing a billion tokens for no acumen will do cipher any good.
Communication
Communication is key. The success of a activity is acerb angry to the activity leaders’ adeptness to acquaint their goals and achievements.
Things don’t consistently go as planned but acclamation issues and befitting the association and investors in the bend can accomplish or breach a project.
