Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»BLOCKCHAIN NEWS»Nektar Network launches the first generation of Nektar Drops.
BLOCKCHAIN NEWS

Nektar Network launches the first generation of Nektar Drops.

By Crypto FlexsMay 1, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Nektar Network launches the first generation of Nektar Drops.
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
myra@nektar.network
Business Inquiry
kotler
nectar network
kotler@nektar.network

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

BNB price forecast: Target $ 890- $ 900 in September 2025.

August 31, 2025

What happened in Crypto today

August 26, 2025
Add A Comment

Comments are closed.

Recent Posts

GBC Mining Launches Scalable Cloud Mining Plans, Enabling Passive Income For Global Crypto Enthusiasts

September 6, 2025

The 320K holder of the WAVERS & Cardano Price Surges Surges BlockDag signals the next large encryption.

September 6, 2025

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 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

GBC Mining Launches Scalable Cloud Mining Plans, Enabling Passive Income For Global Crypto Enthusiasts

September 6, 2025

The 320K holder of the WAVERS & Cardano Price Surges Surges BlockDag signals the next large encryption.

September 6, 2025

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025
Most Popular

Dogecoin now has its own version of Buzzy Bitcoin Ordinals Project Runestone.

April 5, 2024

Pantera Capital posted a 66% gain in its cryptocurrency fund last quarter despite selling off Bitcoin: Bloomberg

April 6, 2024

Sui unveils Truncator for gas-friendly post-quantum signatures

June 8, 2024
  • 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.