Reef is a Polkadot-based DeFi platform that seeks to provide cross-chain trade. One of the project's offerings is a yield engine and a smart liquidity aggregator. The current Reef price is $0.029010 USD, with a 24-hour trading volume of $77,148,039 USD. Our REEF to USD pricing is updated in real-time. The reef has gained 1.53% in the previous 24 hours. With a live market cap of $397,714,504 USD, the current CoinMarketCap ranking is #160. It has a circulating supply of 13,709,721,016 REEF coins and maximum production of 13,709,721,016 REEF coins.
About Reef REEF
Reef collects liquidity and automates the process. It also tries to overcome the disadvantages of current trading platforms. While centralized marketplaces are susceptible to hackers, decentralized competition might be lacking in cash flow and cumbersome to use.
The Reef team owns 16 percent of the supply, while a newly formed foundation owns 17.5 percent, with 12.5 percent set aside for sustainable growth. The remaining 30% will go for protocol outputs and stability awards, with assets being released in stages between now and the conclusion of 2025.
What is Reef REEF?
Reef is aimed at both newcomers and current DeFi users who are having trouble keeping up with a good asset allocation. The project will begin in the second part of 2020. Reef's supporters claim that the present method of trading, lending, and staking crypto is fragmented, resulting in "a terrible experience for all of its participants."
Who Are the Founders of Reef REEF?
Denko Mancheski is the founder of Reef. His objective was to lower the technological obstacles to entry for retail investors interested in DeFi, and to provide a simple judgement call system that considers a user's risk appetite. Mancheski wished to assist crypto novices in overcoming the challenges connected with using order books and learning how different protocols work with ease.
What Makes Reef REEF Unique?
One of Reef's distinguishing features is the ease with which any DeFi protocol may be integrated into its operating system. With the option of a single tap now the users can access and reject options by reducing some of the burden involved with handling cash flow pool assets. As a consequence, Reef users now have access to a greater range of platforms without the need for multiple accounts and a plethora of login details that can be hard to remember.
Where Can You Buy Reef REEF?
REEF may be purchased on Binance in two different trading pairs: Bitcoin and the USDT stablecoin. It has also been added to the Bilaxy database. REEF can also be obtained through the decentralized Uniswap exchange using Wrapped Ether and USDT.
Frequently Asked Questions About Reef REEF
How Many Reef REEF Coins Are In Circulation Currently?
REEF has a circulating supply of over three billion tokens at the moment. In terms of total token supply, about 3% has been allotted to Binance Launchpool, while the remaining 21% has been dispersed to investors via crypto assets.
What Security Measures Does the Reef REEF Take?
Polkadot's shared security concept protects the network. Not only would this make the system more durable, but it also allows for improvements to be carried out without the need for forks.
On What Factors Does The Price Of The Reef REEF Depend?
Exchange inflows and outflows, paramount and technical differences, the news cycle, and the overall economic climate are all interlinked variables that impact REEF’s price and market cap.
Conclusion
After the heft completion of up to 100% in just a matter of a certain transitional month, cryptocurrencies have suffered an intense depreciation due to their vulnerable market nature. Therefore, it's wide enough to quote that Reef REEF tokens have been upgraded to a new all-time high translation volume of almost $0.029 U.S Dollars per token, despite the recent fluctuation and uncertainty factor the trading market is going along with.
Reef REEF Official Website –https://reef.finance/
Reef REEF Twitter –https://twitter.com/ReefDeFi
Reef REEFReddit –https://reddit.com/r/ReefDeFi
Reef REEF Medium –https://medium.com/@reefdefi
