What problem does this service solve?

The Nash Exchange allows users to buy and sell a variety of digital assets.Newdex hopes to allow users to trade a variety of cryptocurrencies, with faster transaction times.

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Company Description

Nash Exchange, formerly knows as NEX, is a decentralized exchange. Nash's decentralized exchange is powered by an off-chain matching engine that allows users to trade a variety of digital assets across several blockchains. The exchange's NEX token, gives holders the opportunity to stake tokens to earn a portion of the fees generated.

Newdex is the first EOS based decentralized exchange. It's built on the EOS main chain and uses an off-chain matching mechanism to pair buyers and sellers. Newdex was hacked in September 2018, and lost around $58,000 worth of cryptocurrencies. Trading fees are 0.1%.

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