Until now, little had been leaked about the usefulness of Nectar (NEC) , cryptocurrency launched by the exchange platform Ethfinex , it even launched by Bitfinex . A few days ago, we shared with you the known functions of this token and the creation of a governance platform , giving its owners the right to vote or to issue a bill for the platform. The Ethfinex team is coming back to further clarify the mechanisms behind this cryptocurrency.
https://twitter.com/ethfinex/status/985228779420188672
- ethfinex
In its April 20 issue , Ethfinex does not add any information regarding an additional function to Nectar. On the other hand, it highlights the inseparable link between its cryptocurrency and its platform of exchange , and the motivations that could push the public to possess it.
In fact, one could compare the NEC to the miles issued by the airlines, but with several additional strengths of size. The NEC has indeed a market value which allows its owners to exchange it. Owning it gives you the opportunity to get a percentage of the transaction costs that Ethfinex collects over the month . For example, owning 5% of the total NECs in circulation can reap 5% of the transaction costs collected by the Nectar smart contract. Note however that the smart contract collects "only" 50% of the total costs, the other 50% being put in reserve.
Ethfinex is counting on complete decentralization by proposing to redistribute its gains and leaving the governance of its platform to its users . Finally, the NEC looks more like an action that delivers dividends than a system of miles . What about the qualification of cryptoactif as security by the CFTC in the United States? In view of the last declarations and functions of the token, it will be difficult to escape.
Posted from my blog with SteemPress : https://infos.link/ethfinex-the-nectar-nec-will-distribute-50-of-the-gains-of-the-platform/