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Bitfinex DeFi Offshoot Burns $20M Tokens in Bid to Drive DEX Adoption

Published 03/30/2020, 10:22 AM
Updated 03/30/2020, 12:00 PM
Bitfinex DeFi Offshoot Burns $20M Tokens in Bid to Drive DEX Adoption

DeversiFi, the decentralized exchange (DEX) spin-off of former Bitfinex sister exchange Ethfinex, has burned $20 million worth of its governance and utility token, Nectar (NEC).

According to a statement, March 30, this is designed to drive DEX adoption after large centralized exchanges struggled to cope during the recent cryptocurrency sell-off.

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