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ReefREEF
Rank: 292
492 Watchlists
DeFi
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Reef Price

$ 0.00303
1.72

0.00...018

Low
High

$ 0.00324

$ 0.00297

About Reef

Reef is a multi-chain smart yield engine and liquidity aggregator.
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Reef Finance was rebranded as Reef. More info: https://medium.com/reef-finance/....
Reef Live Chart
The Reef to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.
REEF Price Statistics
Market Cap
$ 62,327,411
Ƀ 3,775
FDMC
$ 62,327,298
ATH Market Cap
$ 1,193,358,455
24h Trade Volume
$ 13,231,770
Ƀ 801.47
Circ. Supply
REEF 20,588,393,337
Total Supply
REEF 20,588,393,337
All Time High
$ 0.058
(15 Mar 2021)
From ATH
-94.8%
From ATL
+11.9%

REEF to USD Converter

REEF
USD

Token Sale

Seed is ended:in the Past
All Token Sale Data >
Seed Price
$ 0.0007
Raise
$ 1,000,000
Tokens For Sale
1,428,571,429

REEF - USD Price Change

PeriodChangeChange (%)HighLow
24H$ 0.0000513+1.72%$ 0.00324$ 0.00297
7D-$ 0.0000952-3.05%$ 0.00324$ 0.00271
14D-$ 0.000332-9.89%$ 0.00357$ 0.00271
1M-$ 0.00244-44.6%$ 0.00673$ 0.00271
3M-$ 0.00062-17%$ 0.0077$ 0.00271
6M-$ 0.000832-21.6%$ 0.0077$ 0.00271
YTD-$ 0.0152-83.4%$ 0.0186$ 0.00271
1Y-$ 0.0209-87.3%$ 0.0266$ 0.00271
Load Annual Price

Reef Markets

ExchangePairLast PriceChange (24H)High (24h)Low (24h)SpreadVolume (24h)

Reef Live Info Today

Reef Finance (REEF) is an EVM-compatible blockchain built for DeFi, NFTs, and gaming. The project was created in 2019 with the goal of simplifying trading and increasing the accessibility of DeFi products and services. Its main advantage is that it facilitates transactions between different blockchains. 

It was built on Polkadot with Substrate Framework, which provides a scalable blockchain environment as well as Web 3.0 interoperability. The Reef Finance platform deploys a Nominated Proof of Stake consensus mechanism and its native currency is the Reef token.

Reef has a maximum supply of 20,000,000,000 tokens.

What are Reef Finance’s key features and how does it work? 

The platform functions as an aggregator that connects decentralized exchanges and centralized exchanges for improved efficiency when transferring liquidity. It is compatible with multiple blockchain systems, including Ethereum, Polkadot, BSC, Avalanche, and Cosmos. 

In order to use Reef Finance, a user must connect a wallet to the platform. A user's assets can then be seen, including the valuation, on the platform. Assets can also be converted into Reef’s own token, REEF, or to a different blockchain. There are minimal fees on the platform which makes it an attractive choice for those looking for easier ways to become involved in DeFi. Reef is compatible with some major DeFi wallets including MetaMask, Torus, WalletConnect, and WalletLink.

As mentioned, the Reef Ecosystem is built on Polkadot and has its own parachain on the network. As such, the platform benefits from Polkadot’s Proof-of-Stake consensus mechanism, scalability, and security, amongst other things. The platform also offers incredibly fast transaction speeds since parachains on Polkadot run independently from the ecosystem.

Reef is EVM compatible, this means that developers can easily port their applications and projects built on Ethereum, without modifying any of the Solidity code. Furthermore, liquidity bridges on the platform allow for easy transferring of liquidity between Ethereum and Reef chain.

The Reef token is used for governance on the platform. Holders can take part in the governance structure as well as vote on matters such as partnerships and feature upgrades. Holders of large amounts can also help to maintain the network, these are called “Network Collaborators”. The token is also used to pay transaction fees. However, the main function of the token is to provide liquidity transfers from one blockchain to another.

All fees from any transaction carried out on Reef chain are burned automatically.

There are two vital roles for the smooth running and governance of the platform; Nominators and Validators. Nominators have the task of voting for and electing Validators, who are block producers. Rewards are distributed from part of the revenue share generated by Validators. However, if a Validator performs malicious behaviour, a Nominator could lose its stake.

Validators are responsible for reliable block production, however, they may take on other duties too. These include hosting Reef chain boot nodes, developing and maintaining DevOps and security tooling, amongst other tasks. As such, becoming a Validator on Reef chain requires technical skills and is very competitive.

Where can you buy REEF?

REEF is available to buy from the CEXs and DEXs as listed here. Some of the most popular choices are Binance, Gate.io and Lbank.

REEF price is subject to volatility, and the price of REEF will also vary on the exchange used and market interest. 

For up-to-date as well as historic data for the market price of REEF, please view the charts on this page.

Reef's current price is $ 0.00303, it has increased +1.72% over the past 24 hours.

Reef's All Time High (ATH) of $ 0.058 was reached on 15 Mar 2021, and is currently -94.8% down.

The current circulating supply of Reef is 20.59 Billions tokens, and the maximum supply of Reef is 20.59 Billions.

Reef’s 24 hour trading volume is $ 13.23 Million.

Reef's current share of the entire cryptocurrency market is 0.01%, with a market capitalization of $ 62.33 Million.

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