Important: As per this announcement, NEC is delisted from Bitfinex, ceasing trading on 05/10/21 at 10:00 AM UTC.
The Nectar token (NEC) is a deflationary governance and loyalty token created originally by Ethfinex now underpinning DeversiFi's continuation journey of decentralisation.
Holders of the token can participate in governance and access benefits on DeversiFi. Every week, up to 50% of the revenues from DeversiFi trading fees will be used in an auction type NEC "buy and burn" event, thus reducing the supply over time.