Today there is a short article about decentralized exchanges, more precisely about neonexchange.

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The reason for this is the announcement of the start date of the NEX ICO. Correctly heard, after already at the beginning of the year first voices emerged concerning the project, then now the starting dates for the token sales are fixed and communicated.

Overview

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As many of you already know, decentralized exchanges function without a central instance. Unlike Bittrex or Coinbase, trades are settled peer-2-peer. This works with the help of Smart-Contracts. I quote a more detailed introduction from the white paper:

Neon Exchange (NEX) aims to combine the performance of centralized exchanges with the trust and security properties of decentralized exchanges. The system consists of three main components: an off-chain trade matching engine, a smart contract where trades are executed, and a payment service where global assets such as NEO and GAS can be converted to tokens that can be transferred directly by smart contracts, making them compatible with the exchange.

So far so good. Since I prefer decentralized exchanges to the usual ones, I give some more information. If you want to warm up with decentralized Exchanges, you can try Etherdelta.

Key facts about NEX

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I think most of the points are easy to understand. Because some asked me about the wallet extension, I included some already out of a possible solution from their homepage:

As you can see, the beta version is already available, improved solutions will follow.

Team

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The team behind the projects is of course always very important, usually more important than ideas and concepts. Of course, it is a pleasure to see familiar faces that give us hope for a rosy future. Of course, this is no guarantee for the success of a project, but it is a clear sign: This is not scam.

Information about the ICO

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After a long wait for many of the enthusiasts, the time has finally come. The exact dates of the ICO have been announced over the past few days. I have prepared these compactly for you:

I think this overview should be enough to get a first impression and to participate in the ICO if necessary. Of course you have to decide for yourself and as always an independent research is indispensable.

More Information

NEONEXCHANGE WEBSITE | Whitepaper

GitHub | Reddit | Twitter | LinkedIn | Ann-Thread | Youtube | Medium

That's it for today. I hope one or the other finds his use in this blog. Write your opinions in the comment column.