Summary: According to the DeversiFi 's official announcement, its token NEC holder Bitfinex today transfers 80% of NEC tokens to a 4-year vesting contract while donating 9.4M NEC tokens for community & bounty initiatives. This move symbolizes Bitfinex’s ongoing, long-term support for the DeversiFi ecosystem. Bitfinex stated, “We intend to cooperate with the DeversiFi team on ...

According to the DeversiFi 's official announcement, its token NEC holder Bitfinex today transfers 80% of NEC tokens to a 4-year vesting contract while donating 9.4M NEC tokens for community & bounty initiatives. This move symbolizes Bitfinex’s ongoing, long-term support for the DeversiFi ecosystem. Bitfinex stated, “We intend to cooperate with the DeversiFi team on various other programs to further distribute NEC tokens. Bitfinex has always been and will always be a believer in decentralized concepts and systems.” 

The predecessor of DeversiFi was Ethfinex, which was spun off from Bitfinex in 2019. ParaFi Capital and D1 Ventures have invested about $450,000 to DeversiFi, and the two plan to participate in the platform's management platform necDAO.  Early this year DeversiFi re-released its products and built the privacy layer of the platform.

By Mary Liu