Nectar NEC to NULS NULS Exchange

Crypto Pair Details: NEC to NULS

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.

NULS NULS

Nuls (NULS) is a Singaporean based project is trying to develop a highly adaptable blockchain that can be used for enterprise solutions. They have regularly used the phrase “Nuls is nothing, Nuls is everything”. In other words, Nuls is not traditionally defined and can be melded into anything that the community sees fit. Nuls is looking to solve the problems faced by blockchains by creating one that features modularity and sub-chain operability. The two part design of functional modules and microkernels will provide both an underlying network mechanism and compartmentalized features for the blockchain.Essentially this should provide scalability and security to the blockchain, while adhering to the programming practices of low coupling and high cohesion. And because the blockchain is designed to be modular, it becomes hot pluggable, allowing for the addition or removal of modules at any time. There are several blockchain problems inhibiting growth and development of the industry that have been identified by the Nuls team. One such issue is the cost of development. Because there is a shortage of blockchain proficient developers, those with skills can command higher salaries.This is simply demand exceeding supply and will eventually level out as more IT professionals learn blockchain skills. That’s when businesses will see greater adoption of the technology, and only the most trustworthy blockchains will be of interest. Nuls is working to make trustworthy solutions to business problems. Nuls is primarily focused on making blockchain more accessible for developers and businesses. It seeks to do this through its modularity and the use of sub-chains, and hopes to break the complexity associated with blockchain projects, while also solving the scalability issue that is hindering the growth of the industry. Nuls will make trust simpler, increasing the adoption rate of blockchain technology by businesses. They will also lower the cost of entry by removing complexity and increasing the supply of developers capable of programming blockchain applications. Taken all together, the Nuls ecosystem will benefit developers, businesses, and cryptocurrency enthusiasts by providing needed solutions and increasing usage and adoption of blockchain technology. Check out CoinBureau for the full review of Nuls.

SOURCE: COINGECKO

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