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The Nectar Token
Learn about Nectar (NEC) - the token behind the DeversiFi ecosystem.
DeversiFi: Nectar Token FAQ
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 Webs
DeversiFi: Intro to the Nectar Token
Intro to the Nectar Token Originally designed to maintain liquidity and market efficiency through the incentivisation of platform loyalty on Ethfinex, the Nectar Token has expanded to be more than a loyalty reward for platform users. NEC adheres to the ERC20 Token Standard to ensure cross-compatibility with most smart contracts. Token Functionality & Governance The fundamental purpose of the Nectar token is to grow the world's largest community of decentralised exchange users.
DeversiFi: Nectar Distribution and Allocation
Nectar Distribution and Allocation On the 27th March 2020, DeversiFi burned 400,000,000 NEC tokens (US $20m), removing them from circulating supply, symbolising the move from the Nectar 1.0 inflationary model to the Nectar 2.0 deflationary tokenomics model, Approximate breakdown of NEC distribution as of the 18th November 2020: **Total Supply 618,133,330 ** Bitfinex Unvested/Locked: 246,
Burn NEC to claim necDAO ETH Guide
At any time, NEC holders can choose to burn their NEC tokens and claim their share of the ETH held by the necDAO treasury wallet. The below video guide shows you how to calculate how much ETH you will receive for each NEC token that you burn, as well as walking you through the approval and burning process by interacting directly with Etherscan. Step 1: Approve the NEC token contract, allowing the necDAO treasury address to 'spend' your NEC htt