Post
Topic
Board Speculation (Altcoins)
Re: NEX
by
shinratensei_
on 13/03/2018, 04:45:28 UTC
Anyone interested in NEX?  (Running a decentralized exchange from the NEO platform) There will be a lottery type sale coming up for up to 25K people, max investment of 1k each from what I understand.

Because of the token being NEP-5 (NEO blockchain), the token may not be promptly accessible to exchange (considering Red Pulse still can't seem to be recorded on a level one trade) which could put off here and now financial specialists

For this exchange to be effective, there should be significantly more NEP-5 tokens available to trade.

Will you only be able to trade NEP-5 tokens or will there be cross chain compatibility so you can also buy and sell erc20 tokens for example?

If there's no cross chain then this exchange will be pretty much useless for at least a long while until there are more neo based tokens.
It will be only accepted NEO based coin. This will be similar to the ethereum decentralized exchange site but NEX gives an ability to the token holders for claiming their fees through putting their stakes on the platform.
In ethereum the only thing you can do it just trade with decentralized exchange site. NEX will not try to accept any other asset. Just like IDEX.