Neon Exchange ICO (NEX Token) Set to Start on September 3 with Security Coin Classification
On September 3rd The ICO Security Token For Neon Exchange Is Set To Begin
The payment service and also a decentralized exchange Neon Exchange is gearing towards their token sale which is about a week away. The team just informed the public that they have just received the regulatory approval from FMA, Financial Market Authority of Liechtenstein. The platform will be the very first exchange security token that has been regulated in Europe, and it will also be among the few securities that have been regulated around the globe.
NEX has been designed to leverage on the off-chain matching engine; this is to ensure it is able to enable fast and more complex trades taking place across the multiple blockchains, such as Ethereum and NEO.
The ICO Token Sale
The first round of the sale will take place on September 3rd which will be on the first block after 18:00 UTC, and it will end on September 7th on the last block just before 18:00 UTC. The second round of the sale will start on September 10th on the first block just after 18:00 UTC and will end on September 14th before 18:00 UTC.
If you are among the individuals who were able to pass round one and two of the KYC successfully, then you will be in a position to take part in the sale.
At the launch of the NEX token, it was worth $1. During the sale the maximum contribution you are able to make for the first ICO is around $1,000, the good news is no set minimum contribution has been set at the moment. But, if you are planning on sending an NEO, then you will need to submit a minimum of one token as the token is not divisible at the moment.
The Contribution Rules Per ICO
As a participant, you are only allowed to contribute once per ICO round. So what this means, when you donate $700 you cannot go ahead and add another $300 in a different contribution.
After you have made your contribution of the GAS, NEO or just both GAS and NEO a combination of the NEX tokens will immediately appear on your wallet after the first block on the company network. At this point, you have been given the option of increasing your transaction priority fee which has been designed to default to about 0.0001 GAS.
In the event that you increase the priority fee for the transactions you make, it might get accepted much faster, but the company recommends that you don’t exceed the 1 GAS for the cost. If you would like to read more on the Neon Exchange, see their whitepaper that has been published on their site.