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Neon Exchange (NEX) – First Regulated Exchange Security Token in Europe – Announces ICO

Liechtenstein-based decentralized cryptocurrency exchange Neon Exchange (NEX), has announced the times and dates of its token sale beginning September 3rd. Off the back of the exciting news about regulatory approval from the Financial Market Authority (FMA) of Liechtenstein, it is officially the first regulated exchange security token in Europe and one of the first and few regulated securities in the world.

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.

Participation

The sale is open to those who successfully passed round 1 or round 2 of the KYC. To check if you were successful in the lottery and KYC visit the NEX Suite page here.

“It is not a first come first served sale, if you won a spot, there is no need to worry about when you contribute as long as it is within the five day sale period.”

Contribution

At launch, 1 NEX is worth $1 USD. The maximum contribution in the first ICO round is $1,000. There is no minimum contribution for this ICO, however if you are planning to send NEO you must contribute a minimum of 1 as it is not a divisible token. Participants may only contribute once per ICO round. For example, if you contribute $700 you cannot contribute another $300 in a separate contribution in the same round.

After contributing with NEO, GAS, or both NEO and GAS combined your NEX tokens will appear in your wallet after 1 block on the network. You have the option to increase your transaction priority fee which defaults to .0001 GAS. If you do increase your transaction priority fee, it may get accepted faster but we recommend that you do not exceed 1 GAS.

Prices

The price of NEO and GAS follow the 10 days simple moving average at the highest volume exchange at the publishing date, August 30th.

Resources

Read the Terms and Conditions of Sale
Read our whitepaper

For answers to common token sale questions or to get in touch with a NEX team member please visit their knowledge base here.

 

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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