Earlier today AdEx announced that they will be using the NEO smart contract system to build the first ever Dapp on the NEO blockchain. This has seemingly caused a massive uptick in the cost of ADX, with a current 24 hour growth of 118% on Bittrex. While this price growth is definitely not stable and we will likely see it recline back to where it was or slightly higher it is great news none the less, it's clear this was strategically announced to capitalize on the hype of the NEO blockchain. Which however you want to see it, was very well executed.
The AdEx team has just released the AdEx Core — the base smart contract that will power the advertising network. The team has explored the NEO smart contract system and has evaluated it as very well-designed and more beneficial for its operations, therefore it is committed to porting the AdEx Core to NEO.
Furthermore, the AdEx management believes that such a collaboration will be incredibly favourable for the NEO ecosystem as well, being one of the first decentralized applications (DApps) to ever run on NEO.
“We see the huge potential of NEO and this is why we are aiming at becoming the first NEO-based DApp,” said Ivo Georgiev, CEO and founder of AdEx. “We are exciting about porting the AdEx core as we are convinced this will increase the efficiency of our advertising network,” Georgiev added.
If you wish to see the official press release take a look at the following Medium article.
https://medium.com/the-adex-blog/adex-to-become-the-first-dapp-based-on-neo-6cd9438810c8
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