As far as I’m concerned, this is going to make or break Neon Exchange. Assuming the team is nailing the development side of NEX, bringing in volume is an entirely different beast that many, many projects have failed at.
In terms of NEP-5-focused exchanges:
Switcheo had first movers’ advantage, yet they’re sitting at $150k USD 24h volume (160th on CoinMarketCap). They’ve been up and running for how long? Mind you…they don’t have any incentives for using the platform. Their token works similarly to Binance Coin I believe – reduced fees if paid in SWTH. Not exactly ground-breaking stuff, and from what I can tell they don’t market their exchange very much.
On that note, Aphelion launched an aggressive social media campaign which boosted their subreddit (www.reddit.com/r/APH) to nearly 12,000 members. You would think they’d have a bustling community discussing the newly launched MainNet wallet DEX, but it’s a ghost town over there. Aphelion may have numbers, but their roots do not run deep. There is very little intrinsic interest from the community in their development. Aphelion does have a staking mechanism though, somewhat similar to what NEX will bring to the table.
Learning from Switcheo and Aphelion, I truly hope the NEX team is able to shine a light on this project in every corner of the planet. There’s so much promise. I really believe fiat-onramps will change the game and attract users, and staking NEX will be the cherry on top if volume begins to rise.
:nex_logo: Come for the onramp; stay for the staking. :nex_logo: