DeversiFi Detail TrustCommunity Project & Nectar Benefits

DeversiFi Detail TrustCommunity Project & Nectar Benefits

DeversiFi, the reincarnation of Ethfinex, and Nectar recently team up with Iden3 to launch the TrustCommunity. In a new blog post, they have outlined why and what it means for their clients.

In a nutshell, the project was created as a means to revolutionise outdated KYC procedures that are so often implemented at the vast majority of crypto exchange platforms. Instead, DeversiFi are hoping to formulate a process known as self-sovereign identity. This relates to the launch of Nectar, which saw an ICO run by DeversiFi (at the time, Ethinex) last year.

DeversiFi though has stated that this was not just a token but a new dawn in the way the platform operates. This is because possessing the Nectar tokens gives users a say in the day-to-day workings of the DeversiFi as a project. To elaborate on this more clearly, DeversiFi have outlined 3 main ways of owning the token will benefit users, which are as follows:

  1. Become a de-facto member of one of the largest DAOs of 2019 — NecDAO — when it launches later this year with an initial 3 million USD equivalent in ETH pledged to it.
  2. Capitalise on 20% fee discounts when trading on — a high-performance decentralised exchange providing access to deep liquidity pools, which is about to take a leap towards greater scalability in collaboration with Starkware.
  3. Have your say and participate in voting initiatives, e.g. community-driven listing of new tokens on DeversiFi, and more.

As such there are already plenty of reasons to be a holder, but the platform isn’t finished yet and there are big plans for Nectar and the DeversiFI community in the coming weeks and months as they begin cultivating a new era in their history.

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