The decentralized exchange, Nash, which is built on NEO was announced at Neo DevCon 2019. Fabio C. Canesin, the Nash co-founder made the announcement on February 17th. The beta version of the Neo DEX will go live on March 31st, 2019.
In his presentation titled ‘Distributing Finance for Everyone’, Canesin described NASH as a “financial platform” for the future digital economy. He also stated that as planned, Nash will support users from the United States right from its launch date.
The goal of Nash is to bring decentralization to everyone. The platform targets to provide the best of both worlds; convenience of centralized banking and security of the decentralized platform. With user data spread across multiple data points, DEXs have potentially significant security advantages over centralized exchanges. In spite of these benefits, DEXs are only managing a fraction of the trades of their centralized counterparts.
Nash is not the only project going after the decentralized exchange market. The main competitor of Nash, Binance also decided to offer its customers the ability to use a centralized and a decentralized exchange. The idea has been in the making for several months with the beta version due in Q1 2019.
Before the beta launch, the Nash developers called on the NEO community to help with software testing. The platform also runs a referral program offering 30 prizes worth $100,000 in BTC and 46,000 NEX tokens.