Neon Exchange (NEX) - Due diligence

[icochecker]

Neon Exchange (NEX)

Team

Fabio Cesar Canesin 🇧🇷

NEX (Co-founder and Developer) - Nov 2017 - Present | Linkedin profile | Github | Twitter |

• City of Zion | Co-founder - Jul 2017 - Present
• Schlumberger | Research Engineer - May 2016 - Present
• Schlumberger | Research Engineer, HPC Sysadmin - Jul 2012 - Present
• Lemonaid Learning Analytics | CTO - Jul 2015 - Feb 2017

Fabian Wahle

NEX (Co-founder and Developer) - Nov 2017 - Present | Linkedin profile | Twitter

• Altoida AG | Founder & CTO - Apr 2016 - Present ✅

Source: Luzern commercial register

• ETH Zurich | Doctoral Candidate & Researcher - Apr 2014 - Mar 2017

Ethan Fast 🇺🇸

NEX (Co-founder and Developer) - Nov 2017 - Present | Linkedin profile | Twitter | Github | Twitter | Personal website

• City of Zion | Co-founder - Jul 2017 - Present
• Proxino (Webarchive Jul 2012) | YC S11 | Founder - May 2011 - Dec 2012

Luciano Engel 🇧🇷

NEX (Co-founder and Developer) - Oct 2017 - Present | Linkedin profile | Github

• City of Zion | Co-founder - Jul 2017 - Present
• Lemonaid Learning Analytics | Co-founder - Feb 2016 - Feb 2017

Thomas Saunders 🇺🇸

NEX (Co-founder and Developer) - Nov 2017 - Present | Linkedin profile | Github | Twitter

• City of Zion | Co-founder - Jul 2017 - Present
• iDi - Institute for Design Innovation | Lead Software Developer - Dec 2015 - Present

David Schwartz

NEX (Developer) - Dec 2017 - Present | Linkedin profile | Github | Github | Twitter

• City of Zion | Developer - Aug 2017 - Present

Nathaniel Walpole

NEX (Designer) - Dec 2017 - Present | Linkedin profile | Github

Samuel J. Mansfield

NEX (Designer) - Dec 2017 - Present | Linkedin profile

Evgeny Boxer

NEX (Developer) - Nov 2017 - Present | Linkedin profile | Github

Carla Paiva 🇧🇷

NEX (Marketing and Public Relations) | Linkedin profile does not mention NEX

• Lemonaid Learning Analytics | Co-founder / Manager - 2014 - 2016

Clare Saunders

NEX (Marketing and Communications) - Feb 2018 - Present | Linkedin profile

Comments

Fabio Canesin, Luciano Engel and Carla Paiva were colleagues at Lemonaid Learning Analytics.

Fabio Canesin, Ethan Fast, Luciano Engel, Thomas Saunders and David Schwartz are colleagues at the City of Zion (Global community of open source developers for the NEO Blockchain).

Advisors

• Muzzammil Zaveri | Linkedin profile
• Da Hongfei | Linkedin profile
• Erik Zhang | Linkedin profile

OFAC Check ✅

Company

Neon Exchange Aktiengesellschaft

Registered address:
Schaanerstrasse 23
9490Vaduz
Liechtenstein

Capital: CHF 50,000
Legal form: Limited company
Status: active
Bisnode ID: 2614431
D-U-N-S Nr.: 44-837-6082
HR number: FL-000.2.578.648-3
Incorporated on: 27 March 2018
Auditor: Ernst & Young AG

Purpose: The purpose of the Company is to operate and provide a trading platform in the fields of crypto technology and Blockchain technology, as well as the provision, distribution and marketing of Internet services and consulting services; Trading and licensing of software products., Furthermore, trading transactions of all kinds, management of their assets, acquisition, management and realization of real estate, interests in other companies, patents and other intellectual property rights can be entered into or acquired.

Board

• Fabian Felix Wahle

Source - Liechtenstein companies registry

Smart contract

• N/A

Github

• Neonexchange

Commits

• NEX Extension: Alpha Release

Product

No working product for the DEX

• Q2 2018 Testnet
• Q3 2018 Mainnet

Roadmap

Q1 2018

• Launch of web extension for dApp integration with NEO blockchain and NEX exchange
• Registration, lottery, and KYC for NEX token sale
• Release of an open source framework for conducting such sales, including smart contracts, wallet and extension integration, KYC, and backend website
• Open source framework and template for interaction with NEX banking partner APIs
• Announcement of partnerships

Q2 2018

• Participation for lottery winners in the NEX token sale
• Matching engine launch on NEO TestNet, along with v1 of exchange APIs for testing with our liquidity creation partners (e.g., trading bots)
• Trading interface launch on NEO TestNet: usability research and information gathering from alpha testers
• NEX web extension support for ETH and ERC20 tokens
• Buy and sell NEO, GAS, and RPX through banking partners
• Release of v1 of web extension dApp APIs, for integration on client websites and smart contracts on ETH and NEO (e.g., APIs that allow websites to interact with smart contracts, or request payments in NEO or ETH or constituent tokens from a user)

Q3 2018

• Beginning of trading operations: Matching engine and trading user interface launched on MainNet with support for NEO, ETH, NEP5, and ERC20 tokens
• Cross-chain token conversion support in NEX extension wallet
• Launch of staking contract on NEO for holders of NEX to receive exchange revenue

Q4 2018

• Once required licenses are granted, NEX and other security token trading starts on NEX
• Advanced trading features
• Cross-chain support for trading BTC, LTC, and RPX on NEX

Vesting

• Founders tokens vest over 2 years.

Pending check for codified vesting in the neo smart contract.

Additional info

• Token type: NEP-5
• Medium page

No reply to questions sent by email on May 19, 2018. ⚠️

Token distribution

Token allocation

Use of proceeds not available. ⚠️

NEX Flags

Real Team: ✅ Fabian Felix Wahle is director of Neon Exchange AG.
GitHub: ✅ No public repo for the DEX.
Smart Contract: - N/A yet
Working Product (Mainnet): ❌ Q3 2018 Mainnet
+2 yr Vesting for team: - Founders tokens vest over 2 years. Pending check for codified vesting in the neo smart contract.
Have a company: ✅
Transparent: - Use of proceeds not available. No reply to questions sent by email on May 19, 2018.

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