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 decentralised 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 decentralised 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 in 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 |
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 decentralised AI computing platform driven by blockchain technology.
- QLINK (QLC). A decentralised mobile network that aims to disrupt the global telecommunications industry.
- Trinity (TNC). An off-chain scaling solution for NEO that utilises 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 decentralised 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 time of writing the author holds ADA, IOTA and XLM.
More guides on Finder
-
How to make NFTs
Find out all you need to create your own NFTs – the new application of blockchain technology that enables digital ownership of assets.
-
Binance Futures guide: How to trade BTC, ETH and more
Learn how to trade futures contracts on Binance with this visual step-by-step guide.
-
How to get started with HT: Buying, selling and storing Huobi Tokens
How do Huobi Tokens work and how can you buy and sell these native tokens of the Huobi Pro cryptocurrency exchange? Find out here.
-
What is an ERC20 token?
What are ERC20 tokens, how do they work and what do they have to do with Ethereum and other cryptocurrencies? Find out here.
-
The difference between cryptocurrency coins and tokens
What’s the difference between cryptocurrency coins and tokens? Find out in this handy guide.
-
A complete guide to bitcoin forks
A complete beginner’s guide to bitcoin and other cryptocurrency forks, and what you need to know about them.
-
What is gas in the Ethereum network and how does gas work?
Find out how the Ethereum blockchain is powered by gas, the fuel that powers the EVM and drives the Ether cryptocurrency network.
-
Best Ethereum wallets to store ETH
Your guide to the best Ethereum wallets, how they work and how to find the right ETH wallet for your needs.
-
How to buy, sell and trade Pundi X
Read our guide to cryptocurrency point-of-sale payment provider Pundi X, its NPXS tokens and how to buy NPXS in Hong Kong.
-
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.
Ask an Expert