Blockchain startup Nebulas is teaming up with JOYSO to launch decentralized exchange on on Nebulas’ mainnet
Nebulas.io, the leading next generation public chain, is teaming up with JOYSO, the world’s first hybrid decentralized exchange, to launch a new exchange on Nebulas’ mainnet. The two companies announced the strategic partnership (NAS-JOYSO) Monday. Nebulas is the second partner for JOYSO after Ethereum. Both projects will utilize their successful track records to create a smart contract exchange replete with a variety of features.
Founded in 2017, the San Francisco, Calfifornia-based startup is a next generation public blockchain, aiming for a continuously improving ecosystem. Based on its blockchain valuation mechanism, Nebulas proposes future-oriented incentive and consensus systems, and the ability to self-evolve without forking.
Founded by Tom Soong, JOYSO is a hybrid decentralized exchange platform launched in May 2018. Hybrid decentralized exchange is a trading platform for cryptocurrencies, which reduces the risk of being hacked and provide users with cost efficient trade. It completed its ICO March 2018. JOYSO offers off-chain matching and on-chain settlement of real time orders with high priorities on user experience, security, and efficiency. Completely anonymous, no registration is necessary to begin trading.
Nebulas and JOYSO will work closely to release a decentralised exchange based on smart contracts, which will bring value to the blockchain industry by enhancing and optimizing liquidity. Both sides will deepen cooperation, strengthen relationships, and ultimately collaborate on other parts of the Nebulas ecosystem in the near future.
Currently, Nebulas is the only project JOYSO has agreed to partner with besides Ethereum, which exemplifies the popularity Nebulas has already received. NAS-JOYSO will be powered by smart contracts and offer a variety of features, including online settlements and brokerage services. Team members from both projects collaborated closely to successfully test the first version of NAS-JOYSO at the end of June and are currently set to publish on the mainnet of Nebulas.
NAS-JOYSO will offer the NRC-20 token to carry out transactions, which is similar to Ethereum’s ERC-20 token. NRC-20 tokens on Nebulas’ mainnet are able to be searched and upgraded. Nebulas and JOYSO have enjoyed success in their respective fields and look forward to bringing their experiences and knowledge to the partnership. Nebulas was ranked 3rd in the third phase of CCID’s public blockchain evaluation, which was under the Chinese Ministry of Industry and Information Technology.
JOYSO offers off-chain matching and on-chain settlements for real-time orders, all with an emphasis on user experience, security, and efficiency. Those using the platform enjoy quick order placements and payments. Hybrid decentralized exchanges greatly reduce hacking risks and offer users cost-efficient trades.