NEO, a non-profit community-based blockchain project that utilizes blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a "smart economy" with a distributed network, made an annoucement, stating that NEX, a platform for complex decentralized cryptographic trade and payment service creation, was released on November 21.
— NEO Smart Economy (@NEO_Blockchain) 21 November 2017
NEX is stated to be a trade and payment platform that combines the NEO blockchain with an off-chain matching engine to enable faster and more complex trades than existing decentralized exchanges.
The whitepaper and roadmap were published on the official website on NEX service. It was stated that NEX plans to hold token sale in the first quarter of 2018, planning to sell 25 million tokens to the public of a total pool of 50 million. The exact dates of the token sale are unknown yet.
On Novemer 19, the price of NEO cryptocurrency jumped up due to the announcement of Malcolm Lerider, NEO council and senior R & D Manager, which did not contain any exact information but stated that three pieces of news were yet to come in 3 days. The news of the release of NEX platform seems to be one of the big news alongside with the news of first NEO and Microsoft developer’s competition which will be held from November 20, 2017 to March 10, 2018.
During last 24 hours NEO has been steadily losing its positions falling down by almost 10% from the price of $42,8 with market capitalisation of $2,7 billion on November 20 to the price of $36,9 with market capitalisation of $2,4 billion on November 21.
At the moment of press, these are main market parameters of NEO:
- Average price: $36,97
- Marketcap: $2,402,829,000
- 24h volume: $242,893,000