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 11th June 2020



Total NEC Supply 618,144,379

Community: 209,756,830 

DeversiFi: 100,000,000 (4 year vesting, 20% unlocked per year)

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

Bitfinex: 308,387,549 (4 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


*Note: various token listing sites such as CoinMarketCap & CoinGecko show a slightly different circulating supply than we describe above. This is due to their rubric for calculating available supply and locked supply. While we have advised accordingly, how each site pulls data and presents it can vary somewhat. 


For example, according to the CoinMarketCap, their rubric is: 


"Circulating Supply is the best approximation of the number of coins that are circulating in the market and in the general public's hands.
Total Supply is the total amount of coins in existence right now (minus any coins that have been verifiably burned).
Max Supply the best approximation of the maximum amount of coins that will ever exist in the lifetime of the cryptocurrency.


As a result, we do not consider tokens that are held by the team, privately allocated to big investors or put away for future use (marketing, bounty programs, ecosystem development etc) as part of circulating supply because they were never technically available to the public. This is regardless of whether the tokens are "unlocked", able to be traded, or will be distributed in the future. This is why we track the addresses so that we can update the circulating supply information dynamically as tokens flow into circulation."

The contract address for NEC is - 0xCc80C051057B774cD75067Dc48f8987C4Eb97A5e






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