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Author Topic: [ANN] THE NECTAR TOKEN - Ethfinex loyalty token  (Read 144 times)
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January 26, 2018, 02:21:54 AM
Last edit: January 26, 2018, 10:39:54 PM by jpdorn

From Ethfinex site:
 "Our journey towards decentralisation will include at its core a new token to incentivise liquidity and reward loyal customers of Ethfinex. These loyalty tokens are similar to loyalty points, and will never be sold in a crowdsale, but are instead given for free to token market makers in proportion to the volume of trades they participate in on the exchange.
Owners of the tokens will be able to use them to claim loyalty rewards from the exchange, and advise on the future governance of Ethfinex. Initially the tokens will be majority owned by Ethfinex, but gradually as more tokens are issued the ownership of them will therefore become decentralised so that our customers will have a stake in Ethfinex."

 "A new token will act as a loyalty reward for token market makers on the Ethfinex exchange. This will incentivise the creation of the most liquid exchange for trading tokens and tethered assets on Ethereum.
The loyalty tokens are similar to loyalty points and are earned in proportion to users’ volume of trades as market makers. 1 Loyalty tokens will entitle holders to claim rewards from fees generated by Ethfinex, and to participate in future exchange governance. Gradually, as more tokens are earned, the ownership of the exchange will become decentralised, and Ethfinex will be owned by its customers. The loyalty token is referred from here onward as the Nectar token or NEC."

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September 13, 2018, 07:48:03 PM

NEC DISTRIBUTION: 629,417.7 Nectar $NEC tokens, a current dollar value of $205,772, have been distributed to reward market makers across Ethfinex for the previous 30 days.
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