Topic: NEX - NEO based token for decentralized exchange :o - page 10. (Read 64258 times)

Neo really compiles with regulations required. Great work by those team, it would be of great idea

I am not confortable at all holding NEO at this time, and I would not count on it going up. Even if you got screwed (as me) with NEO price, I would still prefer to get this over with and make up for it with the profits from nex. And greed is what makes this (and most markets) work. Nothing wrong with it. So I am waiting for NEX ico even if they take some time for it.

There is lot of factors that go into it specially if your trying to do it properly. It is something that is still in its infancy and so are laws and regulations for it. There are so many ICOs out there that will take your money and promise you nada but when one decides to actually do it properly you guys still complain... amazing.

NEX taking the time to become a literal security that would owe us all money if they screwed us is next level in crypto space. I think the anticipation at any scrap of news on NEX shows just how much NEX will revolutionize Crypto

Everyone is in a hurry because this is a guaranteed 5x in day 1 of trading. Obviously we would prefer to have that money pocketed, and potentially invested in other opportunities, than stuck at NEO waiting for a date that is constantly postponed. My investment is down the hole as I bought NEO in preparation for the first deadline. Not trying to Fud, I understand regulation can be ridiculously slow and I know they are doing their best. Just trying to explain why everyone is anxious to get this over with.

Nex guys aren't taking any shortcuts and are doing everything by the book. This project will not only be one of the most technicaly advanced, it will be the most legit DEX on the market. Regarding the negativity, it's not a fair criticism for stuff the Nex guys don't have any influence on (i.e. various regulators and institutions).

I fully support Nex project and I have no doubt everything regarding the ICO goes well!

Just one post above you I wrote the answered questions from Canesin:

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.


So it depends on the regulatory approval. Things are not fully depended on them. Its better IMO to wait and have a thing properly done.

i am waiting for this ico for a while now. what i do not understand is why don't we get a clear date on the ico ? has someone heard a precise date of the ico lunch?

Fabio Canesin (CEO) was replying on NEO  subreddit to some questions regarding NEX. Here is the transcript:

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.


So guys, calm down. As I already said, the product is developing, roadmap is independent to ICO. They seem to have enough funds to keep the development running without ICO.
IMO these are all just confirmations that this is the right, non scammy ICO. They could easily announce ICO months before without any product or legal backing. This ICO will be huge!

The idea of a hybrid decentralized trading platform with reliable security features, high speed and a strong team is trustworthy. I think that the project's prospects in the current conditions that have developed in the crypto-currency ecosystem around the NEO, can make NEX really profitable.

Comparative ventures as of now exist, however they are still just in principle. The dispatch of such a site with the likelihood of cross-trade token trade has great prospects. Adding the chance to buy digital currency for fiat cash will fundamentally extend the scope of stage clients.

I genuinely put stock in the NEO system and its capacities. An ever increasing number of tasks are propelled on this stage and now additionally a decentralized trade point NEX. I read some place that the ICO will begin in April, I think there will be a considerable measure of fervor.

Just ignore the guys which are trying to spread FUD to get cheap Tokens, NEX is an awesome project in the short and much more in the long run. I will hold and stake every single token I can buy in the ICO.

I earnestly have confidence in the NEO system and its capacities. An ever increasing number of tasks are propelled on this stage and now additionally a decentralized trade point NEX. I read some place that the ICO will begin in April, I think there will be a great deal of fervor.

The NEX coin will be one of the few coins that will be a security. This means a very tough birocratical and law regulations to be passed - thus such a long time to be waited for the approval of the security. But, this means the team is thinking seriously and holders of the coin will have some legal security (to some extent).

It is very important to mention, that the project's development is independent from the ICO, meaning that they are developing the project all this time. Shortly (in relative terms) after ICO, product will already be ready.

Indeed the competition is growing and while they stay on the sidelines the market will get tougher for new players. Also I don't quite understand what keeps holding them back, this has been going on too long now without proper updates. If a project already fails to communicate updates before the ICO, I don't want to picture how they will engage their community once they collected their funds.

NEX is one of the best coins in where you can invst at the moment, it is more than true that NEO tokens are becoming more and more profitable and famous, so this is good for Nex, they are just handling on from that fame.

Eventhough a few people (counting those notable crypto "influencers") began to FUD NEX about this entire security token thing, I believe it's protected to state that over the long haul NEX will be great. Those individuals likely don't have multi-whitelists with the goal that they can't turn into a NEX whale. Too awful for them yet useful for the network. That is the reason they most likely FUD this venture. I myself will put resources into NEX and over the long haul I'm certain it'll give us pleasant increases. It's a standout amongst the most encouraging activities out there.

You should not be so excited about the project yet, especially by calling it - one of the best projects of this year. A lot of great projects already come out this year  but it is getting too many and competition is growing

At the moment it seems only hype stayed on the project and that little by little evaporates. It is worth pondering what kind of problem arose that prevents the emergence of at least one exchange for neo-tokens. Because the exchanges for the ether are growing like mushrooms. There is its own exchange for Waves. There is also a stock exchange for Eos. Even Stellar is already going to launch its stock exchange.

I totally agree with you. The ICO has been delayed (it's a security token, so they are waiting for all the authorizations from the Swiss government), but the hype remains big