Good day, John! Does Switcheo DES Exchange still work on

Question

Neo Smart Economy (Official)

Silver Bullet

Good day, John! Does Switcheo DES Exchange still work on

Neo? Does it support Legacy or N3?

#blockchain #cryptocurrency #english #neo

0

19.02.2022

4 ответов

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Safu

John Ricci
I believe some nNeo are on Demex. nNeo(Wrapped Neo...

what's the difference between nNeo & bNeo?

0

19.02.2022

John Ricci

NEO tokens need to be wrapped into nNEO in order to be used on Flamingo on Neo Legacy. Once wrapped, nNEO becomes a contract-based asset following the NEP-5 standard, which is easier to manage in smart contracts than the UTXO-based NEO and GAS. Additionally, nNEO allows NEO to become a divisible token. NeoBurger is a governance dApp built on N3 that serves as a voting tool by wrapping the NEO token. Similarly, NeoBurger wraps NEO tokens into burgerNeo, or bNEO, divisible to eight decimal places. Unlike nNEO, however, the bNEO contract doesn’t retain ownership of GAS – it maintains a record of bNEO user balances and the proportion of GAS to distribute to each. NeoBurger earns the majority of its GAS by voting in N3’s governance mechanism. NEO pooled in the NeoBurger contract is automatically managed by a voting strategy designed to maximize GAS rewards.

0

19.02.2022

Safu

John Ricci
NEO tokens need to be wrapped into nNEO in order t...

Great answer, Thank u very much. 🔥🌷👍

0

19.02.2022

John Ricci · Accepted Answer

John Ricci

I believe some nNeo are on Demex. nNeo(Wrapped Neo) Switcheo Exchange to sunset on April 30, six month grace period to transfer assets to Demex https://neonewstoday.com/general/switcheo-exchange-to-sunset-on-april-30-six-month-grace-period-to-transfer-assets-to-demex/

0

19.02.2022

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Good day, John! Does Switcheo DES Exchange still work on

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