Nectar was originally launched in 2017 by the Bitfinex spin-off exchange, Ethfinex — a team based out of London, UK — with the purpose of rewarding market makers for the value they create whilst simultaneously serving as the primary voting mechanism, allowing traders to govern the exchange and decide, among other things, which tokens they wish to see listed next. The project was designed to experiment with and develop novel governance processes with the aim of solving pain points seen with centralized exchanges including opaque and costly token listing procedures.
Monolith is a decentralised banking alternative, powered by Ethereum. Monolith provides a non-custodial contract wallet to store Ethereum-based tokens securely. Users can then exchange them to fiat and load them onto their Monolith Visa debit card. The Contract Wallet is non-custodial, open-source, and decentralised. It enforces advanced security features which are designed to protect users funds in the event of an attack. The Monolith Visa debit card is accepted globally and currently available for EEA residents (31 countries within Europe).