Topic: [ANN][NEX] Decentralized exchange on NEO blockchain - page 9. (Read 17640 times)

"We are moving forwards with development and are positive that we will receive regulatory approval soon. Beta testing selection is closed and testers will be contacted this week" - that was posted in twitter more than month ago and since than no news... Does they got this  regulatory approval ?

I do not see any specific answers, but I'm definitely thankful for this post, although I was convinced that the team is active and in touch with the community.

I will post these questions and answers from Canesin (CEO) also here. The communication was on subreddit of NEO:

Q:
What's really going on behind the scenes of Neonexchange?
I know it takes time but a 3 to 4 months miscalculation seems immense. Once their ico goes live the exchange should be ready to go no?

Fabio:
The exchange doesn't need the ICO to be launched, but we are certain the sale will happen before. Our plans and road map have always been for opening the exchange for the public at the end of Q3, we are working hard to achieve that deadline. Behind the scenes we are developing what we said we would deliver, we are not a all hype and no product project - that is why we are more silent than usual ICOs, we are growing (currently 18 employees, we want to triple) and we understand the expectation of our community.

Q:
What are the chances to get regulatory approval within the next couple of weeks?

Fabio:
I can't reply that, but I can explain the process. When we made our consultantion we put forward all the planning of products and developments planned and what licenses each would need, in some jurisdictions. It is not a simple "can I do this ICO ?", so we already have green light on several of those items and revised some others. For the public offer what we are waiting is the return of the documentation and an acknowledgement that the process is over, so we have a solid set of legal backing that we can raise general capital with.

Q:
Maybe regulation was a bit underestimated then? If u get approval how else will regulation slow down growth... It is just one of many hurdles I assume.

Fabio:
Some jurisdictions are faster than others to go through the process, where going 100% in-house will be unpractical we will look at other alternatives to allow us to operate.


Maybe you can find you questions here (partially at least).

"NEX’s mission is to empower more than one billion users to invest, trade and manage digital assets by 2030. We aim to be the premier platform for decentralized financial tools and services." - that's definitely good position. But I will ask again the already painful question which interests many people here and beyond, how is it going with the legal point of view? and when will you start holding your token sale event? Thank you!

Great article.

I suggest everyone to read it, instead of whining about "when ICO". Keep calm and watch the product develop, ICO will come in time!

low total supply. as its really about not the quantity but about how much effort the team puts in

New medium article. NEX vision and opportunities — part I

https://medium.com/neon-exchange/nex-vision-and-opportunities-part-i-b65c0ebea398

Exactly. We will have to wait until the coin hits the exchanges. The funny thing is that the first exchange the NEX coin will be listed might just be NEX exchange itself because, as I already said, the development of the exchange is independent from ICO, thus they are developing the exchange at the right moment.

No there won't be any bounty for sure. This guys are making fair ICO with big support of community without any bounties. There can be some revard programms for platform testers or for bug  search. You need to w8 for announcements

Hello guys, does anyone know they are going to campaign for bounty?
And if they do, then in what numbers? approximately?

This short-term hype is really not so important. I think most of the investors i.e. the quality hypers will be investing long-term (including me), also because of "locking up" coins to receive the passive income.

I hope that by the end of the month there will be more information about the beginning of the ICO. I see that the hype around the project is starting to decline.

Just posting this here  We are getting closer and closer fellas. Stay calm and be patient as it will be worth it.

Fabio C. Canesin replied to a tweet: "Lots of happening in NEX! All moving ahead, you will not need to wait much longer. And we are hiring, expect a big article from our team this week still."

All we can do is wait, but July is already half way through. It would be nice to have some news from the devs about the ICO.

The site constantly says that sales will begin this month. so it was in may, June, July. I don't understand why the team is postponing the start of the token sale.

if we refer to their site, then the main sales will start this month, but the information is still "TBA".
does NEX have Telegram chanel? if any please let me know

Still officially unknown. Why would you think that it will be launched at the end of the year?

On one hand it would be good, if the team could wait a bit until the market recovers. However I would like to have NEX tokens in my hands asap 

Hello. is the start date of the token sale not known? I'm afraid the team plans to launch ICO at the end of the year, and that's too long.

NEX added to the spreadsheet of our fund named Chronos Ventures
https://docs.google.com/spreadsheets/d/1yFNJyF73nS85C7NBNZUDcVlpZr6BFLZrlwlgqe9jXAA/edit#gid=2105977297

Neo Exchange (NEX) is a decentralized exchange like EtherDelta, IDEX, and NEX's rival is OmiseGO (OMG). However, OMG has not released the official version, but to date, NEX is a version of decentralized exchange superior to all current versions.