Review on Nectar by onur bln
Nectar
The Nectar token (NEC) is a management and loyalty token for decentralized exchanges. Token holders can participate in governance and access benefits in DeversiFi, a high-speed exchange where customers always retain control of their assets.
The NEC was never sold as an ICO or part of a public token sale, it was earned by major traders on the former Ethfinex exchange. Therefore, unlike projects that raised millions of US dollars in 2018, the NEC has few large owners who are willing to keep it instead of many smaller companies.
The initial target users of the NEC utility were purely Ethfinex merchants and were encouraged to hold the NEC to receive periodic EVTs (Ethfinex Voting Tokens) that they can sell or vote on in the open market, among other services. then they wanted. So for outside NEC holders, there was no major incentive to sell or trade their NECs, and there was not much external interest for the token beyond existing Ethfinex users.
The NEC has gone through a long period of development that migrated from an inflationary indicator to a deflationary token and now serves necDAO, necBurn and other new features (these are very new in the gran plan of things and will be attractive to many more traders / participants according to NEC 1.0) . The development team has used the last few years to fine-tune as a token, and now, with the upcoming DeversiFi reboot, interest in the defi area increases and DeversiFi is in a good position to enjoy significant growth as it attracts new users / volume.
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Pros
- known to all
- fast and secure transactions
- have wage reductions
- make good profitsappeal
- appeal to high-income people
Cons
- low value
