Coinsuper Ecosystem Network CEN to Nectar NEC Exchange

Crypto Pair Details: CEN to NEC

Coinsuper Ecosystem Network CEN

Coinsuper would like to announce our platform token — CEN (Coinsuper Ecosystem Network)’s issuance and our plan to set up “Coinsuper Club”, i.e., the Global Advisor Association. All the CEN holders own the privilege for premium projects subscription. CEN (“Coinsuper Ecosystem Network”) is Coinsuper’s platform token. It is based on the ERC-20 token standard and has a total supply of 1 billion tokens, with no further issuance. Coinsuper is committed to building a world-class cryptocurrency exchange that drives mainstream and institutional adoption of digital assets. Coinsuper’s unique expertise in traditional finance, combined with its technical and operational excellence, makes it uniquely qualified to achieve this goal. CEN will serve as Coinsuper’s platform token and power a robust cryptocurrency ecosystem that is comprised of the Coinsuper exchange, a network of global crypto investors, top crypto investment funds, regulatory authorities and blockchain innovation labs. Together, this ecosystem will advance the growth of cryptocurrency and strengthen industry regulation and governance. Coinsuper has always been committed to creating a compliant and safe trading platform for premium blockchain projects, so as to provide global users more opportunities to participate through CEN. With the establishment of Coinsuper Club, Coinsuper will invite world-class blockchain investors and consultants who consistently refer premium blockchain projects to the platform. CEN holders and Coinsuper Club members would enjoy the benefits including: a. All CEN holders on the platform can get the opportunities and discounts for early participation in premium projects subscriptions; b. The platform will also give premium project tokens away to CEN holders on an irregular basis; c. Club members would enjoy the priority to get a certain share of premium projects; Currently, the first batch Coinsuper Club members including Pantera Capital, 8 Decimal Capital, Node Capital, Blockwater Capital and Connect Capital have been invited to join.

Nectar NEC

The Nectar token is not intended to raise funds for Ethfinex, and will not be sold through any form of crowdsale, ICO or fundraising mechanism. Instead, the Nectar token will act as a loyalty token. The NEC is designed to maintain liquidity and market efficiency through the incentivisation of platform loyalty. Users who choose to register for the scheme and take on the role of market maker on the Ethfinex platform, or using integrated decentralised exchange protocols, will automatically generate NEC’s, as a loyalty reward, and subsequently earn a stake in the future development, governance and success of the platform. NEC will adhere to the ERC20 Token Standard to ensure cross-compatibility with alternate exchange protocols interfacing with Ethfinex. This allows other protocols and exchanges to reward users for the liquidity they contribute. The fundamental purpose of the Nectar token is to reward market makers for the value they create, in turn encouraging them to maintain market thickness and minimised spreads on the platform trading pairs. Loyalty points entitle holders to loyalty rewards held in the Liquidity Token Smart Contract, which can be redeemed (in part or in whole) through the Redeem Mechanism upon request. Loyalty points can be traded on a secondary market amongst white listed Ethfinex users. If no tokens are redeemed at the end of a 28 day cycle, the total supply of NEC will grow. Ethfinex will hold an initial supply of NEC which will not grow over time — as a result, the percentage ownership will gradually decrease as new tokens are issued and redeemed. The exact governance mechanism will be particularly important in ensuring the details and implementation of the token can be refined in time for the Ethfinex launch. Defining the perfect liquidity incentive mechanism will be impossible without continuous testing and feedback in real markets, and the governance will complete the loop in allowing improvements to take place. Following community feedback, we have decided against the internal redesign of the chosen governance mechanism; instead, we will look to adopt the industry best practise. There are a number of fantastic projects in the space who are currently working on this, such as Aragon and District0x, some of whom we are in contact with, and we are eager to refine our governance model in accordance with them. Ethfinex has come out with a smart solution and is not organizing a direct ICO but I see it as an indirect one with a long-term range into the future where decentralized exchanges will be the future or crypto-economy. Ethfinex’s and Nectar’s token development will bring all the ERC20 tokens under one platform dedicated to Ethereum token economy which in itself will be a huge thing. The total initial supply of NEC is 1 billion tokens out which the current circulating supply is 500,000,000 NEC. This supply will be distributed to the team and early adopters as loyalty points and this will also keep growing every 30 days, with new tokens being created based on market maker programme.

SOURCE: COINGECKO

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