Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»TRADING NEWS»Nektar Network Launches Epoch 1 of Nektar Drops – Rewarding Your Continued Participation
TRADING NEWS

Nektar Network Launches Epoch 1 of Nektar Drops – Rewarding Your Continued Participation

By Crypto FlexsMay 1, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Nektar Network Launches Epoch 1 of Nektar Drops – Rewarding Your Continued Participation
Share
Facebook Twitter LinkedIn Pinterest Email

Berlin, Germany, May 1, 2024, Chainwire

Nektar Network is excited to announce the launch of Epoch 1 for Nektar Drops starting today, May 1, 2024. This new phase is dedicated to recognizing and recording the contributions of community members through daily Nektar Drops that can be earned through participation. Perform predefined activities within the Nektar ecosystem. This era will end on June 1, 2024, or when the network reaches a Total Value Locked (TVL) of 250,000 ETH.

Epoch 1 participants will have the opportunity to earn Nektar Drops by participating in several pre-launch initiatives, such as Enzyme Vault, Reserve bsdETH initiative, and Sommelier Vault.

Specifically, for each ETH deposited in these initiatives on the Ethereum mainnet, members will receive 25 Nektar Drops per day. A slightly different reward structure is set up for Base deposits, with the reward being 20 Nektar Drops per ETH per day.

Daily Nektar Drops for deposited ETH:

  • 25 points/ETH deposited on enzymes
  • 25 points/ETH Deposit money to the sommelier
  • 20 points/ETH deposited in reserve
  • 20 points/ETH Deposited in Beefy and Aerodrome
  • 20 points/ETH Deposited in Extra Fi

Retroactive Nektar Drops allocation has also been modified, significantly increasing the number of drops distributed to Goerli and Holesky testnet operators by over 50x. Additionally, a 10x increase was implemented across all other participant categories to better recognize their activities and contributions.

Referral rewards will be introduced later in Epoch 1. This addition awaits final technical improvements made in collaboration with the Fuul team, with the goal of seamless integration into existing reward structures.

The launch of Epoch 1 is an important milestone in Nektar Network’s commitment to community engagement. More information about Nektar Drops and future phases of the moisture campaign will be released soon.

Introduction to Nectar Network

Nektar Network is a multi-layer Restake network built on top of Ethereum. It is comprised of components that together form a comprehensive incentive system designed to democratize access to Ethereum’s trust model. For more information about Nektar Network, please visit our website or visit Farcaster and X.

The source of this content is Nektar Network. This press release is provided for informational purposes only. The information does not constitute investment advice or an investment offer. Using smart contracts can pose security risks.

contact lens

Marketing Inquiry
Myra Tumrose
nectar network
(email protected)
Business Inquiry
kotler
nectar network
(email protected)


Share this article

category

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

How Algorand is quietly building the future of finance around the world

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025

As the ETF rises, Bitcoin Eye Major Rally -but this can ruin the party.

June 6, 2025

Secure the Treasury in the BNB chain and launch VANECK

June 6, 2025

Use Sunny Mining Cloud Mining to earn $ 12,000 a day

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025
Most Popular

JPMorgan Lowers Target for Bitcoin Mining Stocks Amid Falling Prices and Rising Hash Rates

August 23, 2024

Best Cryptocurrencies to Profit on Your Christmas Tree

December 8, 2023

Bitfinex partners with Torogoz Dev to fund Bitcoin and Lightning developer training.

December 20, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.