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 27th March 2020 (post burning event)



Total NEC Supply 618,144,379

Community: 209,756,830 

DeversiFi: 100,000,000 (5 year vesting, 20% unlocked per year)

    -of which 10,000,000 allocated for community bounties

Bitfinex: 308,387,549 (5 year vesting, 20% unlocked per year).

    -of which 9,400,000 allocated for community bounties


Circulating NEC Supply: 291,434,340 

Community: 209,756,830 

DeversiFi: 20,000,000

    -of which 10,000,000 allocated for community bounties

Bitfinex: 61,677,510

    -of which 9,400,000 allocated for community bounties


Circulating NEC Supply After necDAO Staking: 216,314,204

The amount of NEC locked/staked into the necDAO can found by viewing the 'balance' at the following Etherscan Link

As of 15th of May, the following amount of NEC tokens were staked/locked into the necDAO:

    - 75,120,136 NEC staked

 Final Approximate Circulating NEC Supply:

    - 216,314,204



The contract address for NEC is - 0xCc80C051057B774cD75067Dc48f8987C4Eb97A5e






Did this solve your problem?