Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Where to trade NEP-5 tokens
What are NEP-5 tokens and where can you trade them?
As part of its mission to challenge Ethereum’s status as the world’s most popular platform for dapps and smart contracts, NEO is offering its own token protocol. Known as NEP-5, this protocol makes it easy for users to launch their own tokens on the NEO blockchain.
So, what exactly are NEP-5 tokens and where can you trade them? Let’s take a closer look.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
What are NEP-5 tokens?
NEP-5 is NEO’s answer to Ethereum’s ERC20 token protocol. NEP stands for “NEO Enhancement Protocol”, and NEP-5 tokens are tokens that run on the NEO platform. These tokens must be stored in NEO-compatible wallets.
If a cryptocurrency project wants to launch its own token on NEO, the developers can use the NEP-5 protocol to create their own tokens. The protocol ensures that those new tokens meet a certain level of security, and allows them to interact with the NEO blockchain and other currencies issued on NEO.
Where can I trade NEP-5 tokens?
If you want to buy and sell NEP-5 tokens, you can do so on the following NEO-based exchanges:
- Switcheo Network. The first ever decentralized exchange to run on the NEO blockchain, Switcheo Network allows you to trade directly from your wallet. It supports all NEP-5 tokens, with new tokens made available as soon as their ICO ends.
- NEX. NEX is a decentralized exchange, payment service and wallet app that will provide trades between tokens based on the NEO and Ethereum networks. NEX held a token sale in Q2 2018 and its mainnet is scheduled to go live by the end of 2018.
Selected NEP-5 tokens can also be traded on a wide range of other exchanges, as outlined in the table below. For details of where you can find NEO or GAS tokens, check out our how to buy NEO and how to buy GAS guides.
| Exchange | NEP-5 tokens supported |
|---|---|
| Allcoin | DBC, TKY, ONT |
| BCEX | ONT |
| Bibox | TNC, ACAT |
| Binance | ONT, QLC, RPX |
| Bitbns | ONT, DBC, QLC, RPX |
| Bridge Protocol | IAM |
| Coinnest | QLC |
| Coinrail | RPX |
| Gate.io | ONT, DBC, QLC, TNC, ZPT |
| HitBTC | ONT, RPX, ACAT |
| Hotbit | ONT, ACAT |
| Huobi | ONT, DBC, RPX |
| Koinex | ONT |
| KuCoin | ONT, DBC, QLC, TNC, RPX, ZPT, TKY, ACAT |
| LBank | DBC, ZPT, TKY |
| OKEx | ONT |
| TDAX | RPX |
| TideBit | QLC |
| Upbit | ONT |
Where to buy, sell, and exchange cryptocurrency
List of NEP-5 tokens
Which cryptocurrencies use NEP-5 tokens? Check out the list below:
- NEO (NEO). These tokens represent the right to manage the NEO network.
- GAS (GAS). GAS is the fuel that powers the NEO blockchain, and users can generate GAS simply by holding NEO tokens.
- DeepBrain Chain (DBC). A decentralized AI computing platform driven by blockchain technology.
- QLINK (QLC). A decentralized mobile network that aims to disrupt the global telecommunications industry.
- Trinity (TNC). An off-chain scaling solution for NEO that utilizes state channel technology.
- Red Pulse (RPX). A market intelligence platform that covers China’s financial and capital markets.
- Zeepin (ZPT). A distributed ecosystem for the creative industries.
- THEKEY (TKY). A decentralized identity verification tool that uses big data and blockchain.
- Alphacat (ACAT). A robo-adviser marketplace that uses big data and blockchain.
- Ontology (ONT). Ontology is a trust network that can operate across multiple blockchains.
- Bridge Protocol (IAM). Digital identity solutions for KYC requirements on the blockchain.
- Narrative (NRV). A social media network designed to reward content creators, moderators and influencers.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
Image source: Shutterstock
Disclosure: At the time of writing, the author holds ADA, IOTA and XLM.
More guides on Finder
-
How to buy, sell and trade Aeon (AEON)
Check out this step-by-step guide on how to get started with Aeon. Find out how it works, where to buy and much more.
-
How to buy, sell and trade Aeternity (AE)
Read our comprehensive guide to the Aeternity smart contract platform and how to buy Aeon (AE), Aeternity’s native currency.
-
How to buy Tezos (XTZ)
A beginner’s guide to Tezos (XTZ) tokens, how they work, and where and how you can buy XTZ in Canada.
-
How to earn passive income with cryptocurrency
It’s possible to make money from cryptocurrency without just buying low and selling high. Here’s how.
-
What are security tokens?
Learn more about security tokens and why some experts consider them the next big thing in the cryptocurrency space.
-
IDEX cryptocurrency exchange review
If you’re looking for a secure, decentralized exchange where you can trade a huge range of Ethereum ERC20 tokens, check out our review of IDEX.
-
How to buy and sell SingularityNET (AGI)
If you want to know how to buy SingularityNET’s AGI tokens, where to store them and what the SingularityNET project aims to do, you can find out here.
-
How to buy, sell and trade All Sports Coin (SOC)
Do you want to know how to buy, sell and store All Sports Coin (SOC)? Find out the key things you need to know in this comprehensive guide.
-
Best wallets for ICON in 2021
Your guide to the best wallets for storing and managing ICON’s ICX tokens, including tips on how to choose the right wallet for your needs.
-
How to buy, sell and trade MOAC (MOAC)
A comprehensive guide to China’s Mother of All Chains (MOAC) and how to buy, sell and trade MOAC tokens.