I. What is NEEX USD (USDex)?
USDex is an intermediate asset in international transactions: payment, exchange, money transfer.
USDex is a Stablecoin issued with ERC20 platform - Ethereum Blockchain and TRC20 – TRON Blockchain which makes it irreversible, easy to transfer with a wallet’s address only. All transactions with USDex are transparent.
1 USDex is secured to be exchanged into 1 USD at all time directly in NEEBank.
USDex is used in financial services, cryptocurrency exchanging and trading, international payment and commercial activities.
=> USDex is created to offer a stable and trustworthy coin for traders. This will be a platform for NEEBank to operate in all nations with no currency, community or border limitations. It’s also supported by other assets to be traded easily globally.
USDex's created as a stable intermediary base to be exchange into different currencies in a safe, fast and convenient way with Neebank’s activities all over the world.
1 billion USDex only is issue with ERC20 of Ethereum. USDex is exchanged directly into different currencies in NEEBank, with the ratio of 1 USDex = 1 USD (US dollar).
Issuing USDex will be the foundation for NEEBank to operate in all countries, with no limitation of currencies. Communities or borders since USDex can be exchange into both cryptocurrencies and national currencies.
II. Who issue USDex? What is USDex's issue method?
Who issue USDex?
1. USDex is issued by NEEBank
2. USDex is issued in ERC20 - Ethereum Blockchain & TRC20 – TRON Blockchain platform (Smart Contracts)
USDex plays the role of a decentralized, equal intermediary in payment which makes Neebank the first digital bank managing its accounts in a decentralized Blockchain platform. USDex is issued as a transactional medium in forex activities between currencies, cryptocurrencies and crypto assets in Neex.info - the exchange established by NEEBank.
USDex's issue method
Below are details on how USDex was issued:
- ERC20 - Ethereum Blockchain & TRC20 – TRON Blockchain platform
- Max supply: 2.000.000.000 USDex
- Name of token: NEEX USD
- Sign: USDex
- Date of launch: April 10th, 2020
- Protocol: Off-chain, fully-backed by USD
- Being secured at a one-to-one ratio (i.e one USDex is one US dollar) in NEEBank’s accounts
- USDex's issued directly by NEEBank and ensured to be exchange at the rate of 1:1 into USD in a NEEBank’s account.
- USDex's used directly on Paya.trade, Neex.info và Vutrades.com as an intermediary in transactions of different cryptocurrency.
- USDex's used as an intermediary for forex and money transferring via blockchain. Which makes NEEBank the first digital bank to manage its account - database in a decentralized system. It ensures a client’s security.
III. Where USDex can be traded?
- NEEX exchange (neex.info)
- PAYA (Paya.trade)
- VUTRADE (vutrades.com)
- USDex is the main currency in a NEEBank wallet in international transactions, money transferring or forex.
- Being the main means of payment on Dr.NEE application and some communities such as PAYA, WEL,etc.
- Within the ecosystem of OMANEE: OmaPlus, Neenote, VUWO
- With affiliates in Omanee, Ecoworld, Payawee, Vuwo…
IV. Issuance of NEEX’s currencies
NEEX will officially introduce its Stablecoins which are matching fiat currencies from March 22, 2021 as followings
- SGDex (Singapore Dollar)
- AEDex (UAE Dirham)
- HKDex (Hong Kong Dollar)
- JPYex (Japanese Yen)
- KRWex (South Korean Won)
- MYRex (Malaysian Ringgit)
- IDRex (Indonesian Rupiah)
- THBex (Thai Baht)
- PKRex (Pakistani Rupee)
- CNYex (Chinese Yuan)
- TWDex (New Taiwan Dollar)
- EURex (Euro)
- QARex (Qatari Rial)
- RUBex (Russian Ruble)
- AUDex (Australian Dollar)
- VNDex (Vietnam Dong)
- PHPex (Peso Philippine)
- INRex (Indian Rupee)
- BDTex (Bangladeshi Taka)
- SARex (Saudi Riyal)
Thus, these coins can be exchanged to and from USDex (at the P2P exchange rates of these coins on NEEx.info).
From June 15, 2021, our clients and investors can withdraw to bank accounts, hoard these coins in credit cards, bank cards, pay for services and products and use them in trades and exchanges.
Besides, these stablecoins of NEEX (ex) can be exchanged at the rate of 1:1 with fiat currencies and these stable coins can be stored in blockchain wallets (Ethereum, TRON, NEECHAIN, Welups,etc….)