Nectar Coin Price & Market Data
Nectar price today is $0.084865258765 with a 24-hour trading volume of $5,637.56. NEC price is up 2.2% in the last 24 hours. It has a circulating supply of 160 Million NEC coins and a total supply of 141 Million. If you are looking to buy or sell Nectar, Hoo.com is currently the most active exchange.
What is NEC?
Nectar (NEC) is a governance token that allows its holders to impact the future of the Nectar ecosystem by voting on proposals submitted to the necDAO. NEC holders can vote to deploy funds from the treasury of the necDAO which included approximately 17,000 ETH at launch. NEC is also directly redeemable by holders for a proportional share of the treasury at any time.
The necDAO has had close collaborations with many projects in the DeFi space, with a focus in particular on supporting decentralised exchange projects. The necDAO has supported the decentralised exchange DeversiFi, for example, by funding several of its early marketing campaigns.
Note however that NEC has no direct economic links with DeversiFi and is not a governance token for DeversiFi. NEC holders should not have an expectation of it's value appreciating as a result of any actions taken by DeversiFi or as a result of increased usage of DeversiFi.