Neon Exchange (NEX), a decentralized exchange and payment service platform is now gearing up for their token sale which is just one week away. Today, the team informed that they have received regulatory approval from the Financial Market Authority (FMA) of Liechtenstein, becoming the first regulated exchange security token in Europe and one of the first and few regulated securities in the world.
NEX leverages an off-chain matching engine to enable faster and more complex trades across multiple blockchains such as NEO and Ethereum.
The round 1 of the sale will start Monday, September 3rd on the first block after 18:00 UTC and end Friday, September 7th on the last block before 18:00 UTC. Round 2 of the sale will start Monday, September 10th on the first block after 18:00 UTC and end Friday, September 14th on the last block before 18:00 UTC.
The sale is open to those who successfully passed round 1 or round 2 of the KYC.
At launch, 1 NEX will be worth $1 USD. The maximum contribution in the first ICO round is $1,000. There is no minimum contribution for this ICO, however, if planning to send NEO, a contributor must provide a minimum of 1 as it is not a divisible token. Participants may only contribute once per ICO round. For example, if contributing $700, they cannot contribute another $300 in a separate contribution in the same round.
After contributing with NEO, GAS, or both NEO and GAS combined, NEX tokens will appear in the contributor’s wallet after 1 block on the network.