Review on Nectar by Bünyamin Sevinç
Nectar
In my post today, I will talk about another coin, the Nectar coin.
This token is not actually intended to raise money for Ethfinex.
Instead, it was designated as a token of loyalty. Therefore, it is designed with the aim of retaining and protecting liquidity and market efficiency.
With this token on the Ethfinex platform, users are injected with the role of market maker.
NECs encourage users to maintain market thickness and minimized spreads on platform trading pairs.
NEC adheres to the ERC20 Token Standard. The main goal is to achieve cross compatibility with alternative exchange protocols at Ethfinex.
This loyalty token gives you the right to claim rewards from fees generated by Ethfinex.
Additionally, Ethfinex will be entirely customers. However, more tokens need to be earned. At the same time, ownership of the stock exchange will become decentralized.
Thank you to everyone who reads and those who do not.
Pros
- A token of loyalty
- Rewarding token
- Market maker
Cons
- Not for now.
