NEX, a decentralized cryptocurrency exchange on the NEO blockchain, has updated its roadmap, April 10th.
The first quarter of 2018 saw NEX launch its Alpha web extension for integration with NEO. Other milestones NEX achieved was its registration for its lottery and KYC details for the NEX token sale that will be held on the 28th of April, and the deployment of its smart contract prototypes for trading and withdrawal features on the exchange. The development of NEX’s matching engine has begun and a working prototype will be available in 2018. NEX also created and shared the template code wtih its banking partners that will let them interface with the NEX extension to buy cryptocurrencies.
The second quarter of 2018 will see the participation of lottery winners in the NEX token sale, and the matching engine launch on NEO TestNet, along with version 1 of exchange APIs for testing with its liquidity creation partners like trading bots. Other developments will be the launch of a trading interface on the NEO TestNet that will gather research from alpha testers about the performance of the platform. The second quarter will also mark the support of ETH and its ERC tokens, with the ability to buy and sell NEO, GAS, and RPX through its banking partners. The final months of Q2 will see the first version of its dApp APIs for faster integration on client websites and smart contracts on ETH and NEO.
Quarter 3 will be a busy quarter for NEX, with major developments planned for the platform. Quarter 3 will mark the start of its trading operations, with its matching engine and trading user interface launch on MainNet, supporting NEO, ETH, NEP5, and ERC20 tokens. The cross-chain token conversion support in the NEX wallet will coincide with this release.
Quarter 4 will start the staking contract for NEO holders of NEX to start earning passive revenue from holding them in their wallets. More tokens will then be rolled out, including NEX and other security tokens once the required licences are granted, providing support for the cross-chain trading of BTC, LTC, and RPX on NEX.
About The Author: Matthew North
Matthew North is a freelance writer and journalist who resides in East Asia. He spends his time writing and learning about financial technologies like the Blockchain and digital currencies. You can follow him on twitter @fintech_matthew.
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