As the Nectar token sits at the heart of Ethfinex, it’s imperative that transparency remains at the core. As a community-driven platform, we at Ethfinex prize and cherish community feedback, as ultimately it is the community that makes up the platform, and it is this close-knit collaboration that will propel the exchange further to be a truly community-driven exchange. There have been requests from the community for a more detailed breakdown on the NEC distribution and the circulating supply, so this article serves the purpose of demystifying the Nectar token numbers in answer to these requests.
The contract address for NEC is - 0xCc80C051057B774cD75067Dc48f8987C4Eb97A5e
From an Initial 1,000,000,000,000 (1 Billion) tokens, the breakdown is as follows:
50% - 500,000,000 - Locked up in a 3 of 6 multisig wallet - 0xC6CDE7C39eB2f0F0095F41570af89eFC2C1Ea828
Made up of:
30% (of the initial supply, 60% of 500,000,000) - Ethfinex to use for operational activities or further incentives.
20% (of the initial supply, 40% of 500,000,000) - Potentially used to attract and on-board future development partners who will help us improve and act upon on our vision.
No decision yet as to when they will be unlocked, but at least 1 year +, maybe open to community voting.
50% - 500,000,000: to initial investors and team - up to 400 investors
Made up of:
- 309,549,807 - Bitfinex as investor (locked up)- 0x567b2DD0Fb4E9381d0752d2BF0b7f7F9E01af47d
- 190,450,193 - this is the tradeable supply + 18,151,704.51 from new issuances.
The top 3 wallets/holders are:
1 - 500,000,000 - Locked up supply - 0xC6CDE7C39eB2f0F0095F41570af89eFC2C1Ea828
2 - 309,549,807 - Bitfinex as investor (locked up) - 0x567b2DD0Fb4E9381d0752d2BF0b7f7F9E01af47d
3 - 107,433,464 - cold storage address to hold customers funds securely - 0x742d35Cc6634C0532925a3b844Bc454e4438f44e
So while the circulating supply is 518,151,704.51 tokens, as 309,549,807 belonging to Bitfinex are essentially locked up, there currently is 208,601,897.51 tokens circulating for trading.