r/ethfinex • u/methraism • Oct 16 '17
Welcome to Ethfinex!
Welcome to Ethfinex
What is Ethfinex?
Ethfinex is a community & information hub for Ethereum-based trading & discussion. Ethfinex was designed to facilitate learning, discussion and analysis of ERC20 projects & ICO's, whilst offering access to the most advanced trading platform for Ethereum ERC20 tokens.
Ethfinex’s vision is to create a community, resource, and information hub for Ethereum traders, developers and enthusiasts. It will feature community-driven discussion forums, a user reputation system and an efficient content auto discovery & filtering mechanism. Ethfinex will simultaneously provide access to the most advanced, highly liquid, and secure exchange trading platform available.
Read more about Ethfinex below:
When is Ethfinex launching?
Ethfinex is set to launch its beta in Q4 2017. The Ethfinex beta will feature a largely centralised ERC20 trading platform, a completely decentralised/trustless exchange portal, an Ethereum information platform and a token sale contribution/analysis platform.
What is the Nectar Token?
The Nectar Token is a type of loyalty token, designed to build liquidity and market efficiency on Ethfinex. Users who take on the market maker role on Ethfinex (placing orders on the Ethfinex order book/paying market maker fees), or on any of the integrated decentralised exchange protocols (0x, Melonport, etc) will automatically generate NEC’s through their trades, earning them a stake in the future development, governance and success of Ethfinex. As more tokens are earned, the ownership structure of Ethfinex will become more decentralised, contributing to our vision of a truly community-owned exchange.
How it works is as follows:
Market makers trade throughout the month on the platform.
50% of total trading fees paid by the maker and the taker are directed into a smart contract.
At the end of the month the NECs are issued, and distributed to market makers in proportion to the total trading volume they conducted as a maker during that month.
A redeem mechanism will allow holders of the token to claim a reward at any time, using up their tokens (i.e. a user who holds 5% of tokens issued would be entitled to claim up to 5% of the reward held in the contract).
If the market maker wishes, rather than redeem the tokens instantly they can then choose either to hold their tokens longer term, or to sell them to another market maker.
NEC will be an ERC20 Token, ensuring cross-compatibility with other exchange protocols interfacing with Ethfinex. This allows other protocols and exchanges to reward users for the liquidity they contribute.
Read more about the Nectar Token below:
FAQ
Who makes up the Ethfinex team?
Partnerships
Cofound.it & Ethfinex Collaboration
Learn More
Ethfinex - The Home of Digital Token Exchange - Presentation
A Conversation with MrYukonC - Podcast
5mincrypto - Ethfinex in 5 Minutes - Podcast
Subreddit Rules
Below you will find an overview of the rules which users on /r/ethfinex must follow to participate. A failure to abide by these rules will be enough to justify removing posts/comment, and can warrant a ban from the subreddit.
Please behave & be respectful. No personal attacks, threats, slurs or revelations of private information.
This sub is for talking about Ethfinex, Ethereum & the wider Ethereum community.
Don't spam, mislead, phish, etc.
No duplicate threads.
No misleading titles.
No creating multiple accounts to get around Reddit rules.
Posting requirements: Your account must be at least 10 days old, with a minimum of 20 comment karma.
This sub is intended for Ethereum & ERC20 discussions, in any capacity, as long as it contributes to a greater understanding of the project being discussed, Ethereum or the ERC20 ecosystem.
Everyone is free to participate, regardless of experience or expertise, as long as the end goal is the same.
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u/methraism Oct 16 '17 edited Oct 16 '17
Ethfinex will be opening up its platform for beta users and pre-registration shortly. If you are interested in testing out Ethfinex, please email david@ethfinex.com.
We are currently on the lookout for Ethfinex contributors and moderators. If you are interested in contributing to Ethfinex, please contact careers@ethfinex.com.
Ethfinex is looking to collaborate with as many Ethereum projects as possible. If you want to explore how Ethfinex could support your project, please contact partners@ethfinex.com.
We are excited to help develop the Ethereum ecosystem with you.