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Ethfinex

Ethfinex

Ethfinex is a smart contract based decentralized cryptocurrency exchange built using the Ethereum platform.

Ethfinex is a smart contract based decentralized cryptocurrency exchange built using Ethereum that is headquartered in Hong Kong and was founded in August 2017 by Giancarlo Devasini, Paolo Ardoino, and Will Harborne. Ethfinex and the Ethfinex team spun out of the cryptocurrency exchange Bitfinex with the vision of creating a customer0centric and liquid digital asset exchange platform.

The platform uses its own native cryptocurrency token based on the ERC20 token standard called the Nectar Token (NEC). Ethfinex features include spot trading, margin trading, and peer-to-peer funding & decentralized trading of Etherum tokens.

Nectar Token

The Nectar token is rewarded to Ethfinex market makers as loyalty tokens for providing liquidity to the platform. The Nectar loyalty rewards token is generated from the transaction fees charged by Ethfinex, and will gradually make the platform more decentralized as more Nectar tokens are distributed to users. 50% of all trading fees on the Ethfinex platform paid by makers and takers are directed into a smart contract that rewards NEC to liquidity providers at the end of each month in proportion to the total trading volume they engaged in that month. Holders of Nectar are able to participate in the governance of the decentralized Ethfinex exchange.

Ethfinex fee schedule

30 day trading volume (USD equivalent)
Maker fee
Taker fee

0.00 or more

0.10% — NEC reward

0.20%

1,000,000 or more

0.10% — NEC reward

0.17%

10,000,000 or more

0.10% — NEC reward

0.16%

20,000,000 or more

0.10% — NEC reward

0.14%

40,000,000 or more

0.10% — NEC reward

0.12%

50,000 or more

0.10% — NEC reward

0.18%

60,000,000 or more

0.10% — NEC reward

0.10%

Timeline

Founding of Ethfinex

In August 2017 Giancarlo Devasini, Paolo Ardoino, and Will Harborne founded Ethfinex.

People

Name
Role
Related Golden topics

Claudia Lagoria

Front End Developer

Enrico Rubboli

Software Engineer

Giancarlo Devasini

Co-Founder

Kasper Rasmussen

Marketing Director

Paolo Ardoino

Co-Founder & CTO

Paul Gernon

Director of Support

Ross Middleton

Commercial Director

Will Harborne

Co-Founder & Project Lead

Further reading

Title
Author
Link
Type

Ethfinex Hopes to Break Stalemate by Offering In-Platform ICOs and Token Sales - Bitcoinist.com

Eustace Cryptus

Web

Ethfinex Liquidity Token

Ethfinex

Academic

Ethfinex Liquidity Token:Creating the worlds most liquid exchange for digital assets. Built for the Ethereum community, using Ethereum.

Ethfinex Inc

Academic

Ethfinex partners with Blockpass for ICO identity and compliance

CryptoNinjas

Web

The Complete Beginner's Guide to Ethfinex Review 2019 - Is it Safe?

Eugene Kem

Web

Documentaries, videos and podcasts

Title
Date
Link

'New Way To Reach (Global) Consensus' - Petr Bouška / Democracy 2.1

October 15, 2018

EthFinex - ERC20 Token Exchange - Clearly Explained

May 14, 2018

Ethfinex - The Home of Digital Token Exchange

September 8, 2017

What is Ethfinex?

December 27, 2017

Companies

Company
CEO
Location
Products/Services

References