[NEX] Neon Exchange (ICO)
Neon exchange is a decentralized exchange offering off-chain trade matching with on-line security and payment services. What does it mean? Two people enter an order -> their order is processed off-chain -> is connected and is distributed, so called on-chain. Why is it so great? It's a lot easier, far more secure and especially you do not have to put your coins on the stock market. Smaller nodes for newcomers: On a centralized exchange, like Binance, you do not actually own coins but are under the stock exchange, so in the case of hack (and there were such cases) you will lose everything without compensation. There are some HW solutions, etc., but if it was a solution to secure your coins right on a decentralized exchange, who would not use it?
Exchange options
Payment Service = Some decentralized PayPal - NEX payments allow third-party smart contracts to NEU to send and receive a global asset as NEO and GAS
Complex trades = Limit Orders, Stop-loss etc. - The first mention on the decentralized exchanges
Limit = token shifts below or above the price
Market = Token token at the best price
Margin = option of short / long lever trades (leverage 1: 5, basically borrowing assets for trade, ie open 5 times bigger trade: advantage - possibility of assistance if you do not have enough money to trade the trade (possibility of bigger appreciation) the bigger the fall, it's going to get you to zero, but one of the main factors behind me, because shorting on the decentralized exchange is just a bombastic)
Due to problems with ICO's sale at TheKey, Red Pulse, or Trinity, NEX is trying to prevent this, so NEO has made a new template for ICO contrib. NEX ICO will work directly with NEON wallet (upgrading version 0.1.1), ie it will be possible to join the ICO directly through NEON wallet (see photocopy).
Distribution
50% = Public ICO
20% = Locked in smart contract (2 years) (Founding partners) = Preventing dump after entering the stock market by these people
15% = Neo Council
10% = Partnerships
4% = Company Fund
1% = ESOP
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Thanks for the post, I think that everyone should take the time to check out Nex. Without a doubt one of the most exciting things in the crypto pipeline. The guys at City of Zion really know their, the matching engine not only looks like its going to be a work of art but also a bloody fast work of art. Ultimately it is going to be far more than a mere decentralised exchange (not that there is anything "mere" about that), it is going to be so much more and offer an array of payment and banking facilities. I for one can't wait to see how this develops....hope to christ that I am lucky enough to get in. Cheers J
Thank you for your comment, you have a great idea about it, it will be a very good platform, I hope we get to ico, I'll follow you, you can give follol if you like my post. I will give more post like that. Thank you.