Shenbao Capital's second-tier DEX DeversiFi will launch a new token DVF

Ethereum's second tier DeversiFi announces the launch of a new token, DVF. Under the provisional distribution plan provided by DeversiFi, 7% of the DVF supply will be distributed to NEC holders in the form of airdrops. Among them, all NEC holders can unconditionally apply for the distribution of new DVF tokens in accordance with 2% of the DVF supply, and the other 5% of the DVF supply will be applied by multiple NEC holders who meet a series of active support for DeversiFi and participate in the distribution of management rules NEC. Most of the DVF supply will be reserved for liquid mining and airdrop based on usage, and the final distribution plan will be published when the mainnet tokens can be transferred.

For NEC holders, apart from getting DVF tokens after the airdrop, they are also entitled to choose how to use ETH funds of more than US $ 24 million through the NEC DAO. If the NEC holder chooses to withdraw from the NEC community, the holder can destroy the NEC and apply for an appropriate Ethereum value compensation corresponding to a value of approximately $ 0.04-0.05 per NEC.

DeversiFi is renamed from the decentralized exchange Ethfinex initiated by Bitfinex. Previously, NEC was the Ethfinex governance token. After the name was changed to DeversiFi, the team has stated that they will completely renew NEC.