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In a nutshell, the project was created as a means to revolutionise outdated KYC procedures that are so often implemented at the vast majority of crypto exchange platforms.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 is 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 has outlined 3 main ways of owning the token that 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.

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News


ChangeNOW Launches The NOW Tracker App

The young, but fast-growing online cryptocurrency exchange, ChangeNOW, has just announced the release of its latest product. The NOW Tracker is a free asset management app that lets users keep track of their coins and tokens across different wallets. Available on Google Play and the App Store, NOW Tracker is flexible and functional. This solution […]

9 September, 2021

eToro Becomes An Official Partner Of RB Leipzig

The world’s leading social investment network, eToro, has recently announced a new and exciting partnership. According to an announcement on eToro’s Twitter page, the company has become the latest partner of the German football team, RB Leipzig. A two-year partnership agreement has been signed between the parties. Running until 2023, this agreement can be extended […]

24 August, 2021

PSG’s Messi To Receive Part Of His Salary In Cryptocurrency

The Argentinian footballer, Lionel Messi, has made headline news several times in the past few weeks. Following his surprise departure from FC Barcelona, the player confirmed that he will be joining Paris Saint-Germain FC. The move was significantly newsworthy but got even more interest when it was announced that part of the footballer’s salary will […]

23 August, 2021

KingTiger Casino Announces Shut Down

KingTiger Casino has announced that it has ceased all operations until further notice. According to its website, the casino has had to “temporarily close” due to Ethereum network congestion. It is not yet clear if and when this online Bitcoin casino will reopen. Registered players can still access their wallet and withdraw their funds. A […]

12 August, 2021

CryptoCasino Announces Temporary Close

CryptoCasino has stopped operating until further notice. According to a landing page on their website, the casino is undergoing an update. There is no information about when the casino will reopen or the reason why an update required the website to shut down temporarily. Players who hold a crypto wallet account with CryptoCasino need not […]

11 August, 2021

Binance Suspends SEPA Inward Payments Until Further Notice

Binance Suspends SEPA Inward Payments Until Further Notice Binance has just announced that it has temporarily stopped all incoming SEPA payments. As a result, users will no longer be able to deposit euros using the primary European payments network. The world’s largest cryptocurrency exchange did not provide any specific information regarding the reason behind this […]

12 July, 2021

Why are Crypto Holders Worried of Declaring Their Ownership?

Cryptocurrencies have been popularly regarded as the future of finance globally. Investing in virtual coins has become a lot easier than it was a few years ago with the evolving crypto industry. Over the last few years, Bitcoin has caused a lot of buzz in the market. It has established itself as the de facto […]

8 July, 2021

Bitcoin On The Rebound Following Elon Musk’s Latest Announcement

The price of the world’s largest cryptocurrency is rising again following the latest comments from Elon Musk. Bitcoin’s price has climbed and stayed above $40,000 on Monday 14th June, following an announcement by Musk that Tesla will, once again, start accepting BTC payments. The latest comments have proven once more what a powerful influence the […]

16 June, 2021