Neonexchange is a platform for cryptocurrency exchanges and payments. Users on this network are able to transact digital assets through an off-chain matching engine that allows trades across multiple blockchains, such as NEO or Ethereum. Neoexchange has developed a crypto wallet extension where it is possible for the user to coordinate actions between NEX, Dapps (decentralized applications) and websites.

The NEX token is an NEO-based cryptocurrency. It allows holders to claim a share of fees generated by the payment service and exchange. The NEX token was designed to improve holders rewards as the platform fees volume grow.