Announcements > Second Nectar Token Distribution April 14, 2018

Ethfinex has just completed the second Nectar token distribution to traders, with a total of 2,567,357 NEC credited to reward traders during the last 30-day period. If you have already verified your account and registered for the scheme, you will now be able to see new NEC credited to your Ethfinex account.

50% of revenues from this period (16th March - 14th April) were pledged to Nectar token holders, totalling 2,580.9 ETH. The transactions pledging these to the token holders, and forwarding the Ether to a vault contract, can be observed on Etherscan (here and here).

A full report on Ethfinex’s performance over Month 2 will be released over the coming days, as well as an update on governance for Nectar token holders and the first proposals to vote on.

Find out how you can start being rewarded for trading by visiting our our blog or going to your account section and registering for the scheme.

Unverified Users with the Nectar Loyalty Program

Unfortunately unverified users or those who have not accepted the terms of the Loyalty Program are not able to be credited Nectar tokens, even if they have been trading on Ethfinex.

However we recognise that at this time our verification process is extremely backlogged, often taking weeks or longer. Therefore all market makers using Ethfinex will be able to be credited Nectar tokens retrospectively on being successfully verified. All customers who were verified during the past 30 days have now also been credited their Nectar from the previous month.

Learn more about Nectar