Following NEX’s token sale final approval from the Financial Market Authority (FMA) in the principality of Liechtenstein as per the statement from NEONEWSTODAY. The team states that this final approval is needed before the sale could commence because NEX tokens are classified as securities. This made
“NEX the first regulated exchange security token in Europe and one of the few regulated securities in the world,”
according to a separate statement.
Neon Exchange (NEX), a decentralized cryptocurrency exchange, has announced the times and dates of its token sale beginning September 3rd.
The following statement was released regarding the upcoming token sale event:
“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.“
The event is open only to those who won the lottery draw and passed round one or two of the KYC process that was held earlier this year. To check eligibility go HERE.
According to the team, the event will not be held on “first come, first served” basis. Therefore, contributions can be made at any time during the five day sale period without risk of missing out.
Contributions in round one will be capped to an equivalent of USD $1,000 per person and each NEX token will be worth $1 USD. Participants can contribute with either NEO or GAS and there is no minimum contribution amount with one NEO as exception (minimum 1 NEO).
More so, , people may only contribute once per round in the token sale. After the contributions are made, the NEX tokens will appear in the user’s wallet after one confirmation (block) in the network.
#image from neonewstoday#
