Nektar Network Launches NET Token ($NEKTAR) on MEXC and Gate.io, Marking a Milestone in Decentralized Infrastructure

Berlin, December 2, 2024 – Nektar Network, the pioneering Liquidity and Infrastructure Marketplace, is thrilled to announce the listing of its native token, NET ($NEKTAR) on both MEXC and Gate.io. This dual exchange listing marks a significant milestone for Nektar, signaling the platform’s commitment to providing a revolutionary approach to decentralized resource management and liquidity aggregation.

An Era of Decentralized Infrastructure

Nektar Network has been designed to serve as a one-stop marketplace where Networks, Operators, Delegators, and Managers can interact seamlessly. It aims to address the fragmentation in the decentralized economy by enabling participants to source compute power, distribute rewards, and manage liquidity without relinquishing control over their tokens or altering their incentive structures.

Gate.io Startup Event

The $NEKTAR token launch on Gate.io was celebrated with a Startup Initial Free Offering, providing an opportunity for users to claim a part of 700,000 NET tokens. 

The event, running from December 1st to December 3rd, 2024, required participants to hold a minimum of $10 in spot assets and complete KYC2 verification. Trading began at 12:00 pm UTC on December 3, 2024, with the trading pair $NEKTAR/USDT. The initial goal was set at $70,000 USDT, with tokens being fully unlocked upon distribution. This event not only aimed at distributing tokens but also at fostering a vibrant community around Nektar’s vision.

MEXC Kickstarter Event:

Simultaneously, MEXC hosted a Kickstarter event for Nektar Network, where users could vote with $MX tokens to share in a massive airdrop of 300,000 $NEKTAR and 20,000 USDT. 

Note: The NET token is named $NEKTAR on MEXC and Gate.io due to ticker name conflicts

The voting period was from December 2nd to December 3rd, 2024, with trading commencing at 12:00 UTC on December 3rd. This event was designed to engage the MEXC community, offering rewards based on participation and referrals, thus incentivizing broader adoption and interest in Nektar’s ecosystem.

Token Utility and Distribution

$NEKTAR on MEXC and Gate.io, serves as the backbone for Nektar’s operations, rewarding active participation across its ecosystem. With a total supply of 1,000,000,000 tokens, NEKTAR is distributed across various stakeholders:

• 20.92% to seed and strategic investors

• 1.125% to key opinion leaders

• 14.275% to advisors

• 4.7% for community airdrops

• 9% for airdrops to points holders

• 13.93% to core contributors

• 36.05% reserved for protocol sustainability

To learn more about the NEKTAR token distribution, feel free to visit the official distribution docs.

Mainnet: Stage One and Future Roadmap

Nektar’s Mainnet: Stage One has gone live, focusing initially on onboarding Networks with a strategic approach to ensure stability and robustness. This phase paves the way for future features like Distributed Asset Managers (DAMs) and delegation, which will enhance asset management and liquidity flow within the ecosystem. 

The vision for Nektar extends beyond these initial steps, aiming to create a fully operational decentralized marketplace where infrastructure, liquidity, and incentives are harmoniously managed, supporting the growth and scalability of decentralized applications.

The community has been actively involved, with recent tweets from Nektar emphasizing the launch of NET and the importance of community governance through veNET, which users can acquire by locking NET into smart contracts. This governance token empowers the community to have a say in the platform’s direction.

Nektar also highlighted its commitment to transparency and community benefits through various social media updates, ensuring participants are well-informed about the latest developments.

About Nektar Network

Nektar Network is at the forefront of creating a decentralized marketplace for blockchain infrastructure, focusing on connecting various stakeholders in a way that optimizes resource use, incentivizes participation, and fosters sustainable growth within the decentralized space.

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.