Question 1

DeversiFi: Learn how OTC trading works

Accepted Answer

Learn how OTC trading works

The new OTC feature now available on DeversiFi unlocks a whole new way to trade tokens while giving you additional flexibility when working with the exchange.

Orders created via DeversiFi OTC have the advantage of not being shared on the regular exchange orderbook. DeversiFi OTC generates a unique “taker” URL that can be shared with your trading partner, allowing them to become the exclusive taker of your trade.

The feature allows you to swap any ERC-20 compliant token, including those which are not currently listed on DeversiFi with fees being as low as 0.02 %.

We’ve kept the process simple:

Select the token you would like to deposit and its amount.
Specify which token you would like to receive and its amount as well.
Token then gets locked into the trade and a unique URL gets generated.
Share this URL with your trade partner.
Once your trading partner accepts the trade, the order gets settled and you receive the tokens you’ve specified when setting up the trade, while your partner receives the token you’ve locked in.

You can cancel the order and unlock your tokens anytime before the order gets executed

DeversiFi OTC is a valuable tool for those looking to swap larger amounts of tokens in a single trade. Executing such a trade on a regular exchange could cause a big swing in the ticker price, potentially costing the user a significant amount of money, not to mention the possibility

Question 2

DeversiFi: Nectar Token FAQ

Accepted Answer

Nectar Token FAQ

Can I buy/sell Nectar (NEC) tokens?

Nectar tokens are available for trading on an open market, in a similar manner to all other ERC20 tokens trading on DeversiFi.

For more information on how to buy and sell Nectar, please refer to our guides on how to connect and deposit tokens on DeversiFi

Where Can I find out More About Nectar?

More information about Nectar is available at the Nectar Community Website www.nectar.community including:

NEC Whitepaper 2.0
Weekly buy-and-burn auctions
DeversiFi trading volume details
necDAO reputation claim and participation

Is the Nectar token an ERC20 token?

The Nectar token is an Ethereum ERC20 token (see here). This means that it will be possible to view the tokens and transfer them to and from any Ethereum based wallet or application which has support for ERC20.

What is the total & circulating supply of Nectar?

Total and circulating supply details can be found here

Can US individuals trade Nectar tokens?

US individuals are unfortunately not able to trade Nectar (NEC).

When was the final NEC distribution:

The final NEC distribution took place on the 9th of August, 2019.

Question 3

DeversiFi: Connect Using Keystore

Accepted Answer

Connect Using Keystore

Connecting using Keystore is one of the quickest and easiest methods to get started on DeversiFi. Your Keystore wallet is an Ethereum wallet that lives in your browser, allowing you to store and manage your wallet keys directly from your own device without having to entrust a third-party provider.

You can generate a new Keystore wallet, or import an existing Keystore wallet by uploading an encrypted JSON file that contains your private key

Once you have created or imported a Keystore wallet, you need to transfer your ERC20 tokens to the keystore wallet before you can deposit them to DeversiFi.

1) Generate or import Keystore wallet (this article)

2) Transfer your ERC20 tokens to your Keystore wallet

3) Register (one time only) and Deposit tokens to DeversiFi from your Keystore wallet

1) Navigate to the Connect via Keystore Option?

In the top right hand corner of https://app.deversifi.com/ click either 'Onboarding' or 'Change Wallet'

Select the 'Keystore/Local' option

2) Generate or Import A Keystore Wallet

When you visit the Keystore section of on-boarding for the first time, a new Keystore wallet will automatically be generated for you. You can use this Keystore wallet, o

Question 4

DeversiFi: Intro to the Nectar Token

Accepted Answer

Intro to the Nectar Token

At the heart of DeversiFi lies the Nectar token (NEC).

Originally designed to maintain liquidity and market efficiency through the incentivisation of platform loyalty, the Nectar Token has expanded to be more than a loyalty reward for platform users. With the new deflationary model for the token, holders are incentivised with governance and staking opportunities in the form of a necDAO as well as platform usage utility with trading fee discounts.

NEC adheres to the ERC20 Token Standard to ensure cross-compatibility with alternate exchange protocols interfacing with DeversiFi. This allows other protocols and exchanges to join forces and reward users for the governance and direction provided by the necDAO.

Token Functionality & Governance

The fundamental purpose of the Nectar token is to grow the world's largest community of decentralised exchange users.

The Nectar token encompasses 3 fundamental features:

Unique trading fee discount structure which benefits all Nectar holders
Deflationary supply via a weekly Buy and Burn model utilising up to 50% of exchange revenues from trading fees
Governance decision making by an open and decentralised community via earned Reputation (REP), gained by NEC staking mechanisms.

As NEC holders trade on the DeversiFi platform, they benefit from trading fee discounts that are dependant on the amount of NEC they hold on average over a 30-day period. Specifically, every 1 NEC entitles t

Question 5

DeversiFi: 0x (ZRX)

Accepted Answer

0x (ZRX)

0x (ZRX) is an open protocol for decentralized exchange on the Ethereum blockchain. It is intended to serve as a basic building block that may be combined with other protocols to drive increasingly sophisticated dApps. 0x uses a publicly accessible system of smart contracts that can act as shared infrastructure for a variety of dApps.

DeversiFi works closely with the 0x team in working to bring about our shared vision of an entirely decentralised exchange ecosystem.

Resources:

Question 6

DeversiFi: Unlocking Legacy Tokens

Accepted Answer

Unlocking Legacy Tokens

Legacy Wrappers

From time to time, due to a variety of factors from site protection to upgrades, we need to update our contracts. While extremely rare, this would mean users may have funds in legacy contracts.

To access legacy balances for further trading, users are required to unlock them from these legacy wrappers and re-lock them in the live version.

The process involves interacting with the legacy wrapper via Etherscan in order to unlock your tokens:

**Please note that it is possible to interact with the legacy wrappers via other site like myetherwallet, but this tutorial will focus on the unlocking method via Etherscan

Requirements:

A browser with Metamask installed. (If using a Hardware wallet, you'd need to first install Metamask, and then Connect your hardware wallet to Metamask)
Link to the legacy wrapper contract. Please find below the links to each of the contracts:

LEGACY CONTRACT 1

MKRW - 0x38ae374ecf4db50b0ff37125b591a04997106a32
ETHW - 0xaA7427D8f17D87a28F5e1ba3aDBB270bAdbe1011
BATW - 0xe82cfc4713598dc7244368cf5aca1b102a04ce33
NIOW - [0x680bf2eebf0ad9b183ac2ff88d16f5a4e41480e9](https

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