Price (USD)$ 0.0031
Circulating SupplyREEF 20.71138B
Volume (24h)$ 15.37088M
Market Cap$ 64.06894M
Low/High 24h$ 0.003 - $ 0.0031
Change (24h)$ 0.000023
Decentralized finance field is rapidly expanding and evolving as new projects are emerging in the market. Crypto enthusiasts were the first to choose an independent way of controlling their assets, an option offered by a variety of crypto platforms, including companies such as REEF.
Reef chain is an EVM compatible blockchain that focuses on decentralized finance. It is fast, scalable, has low transaction costs, and does no wasteful mining. It is built with Substrate Framework and comes with on-chain governance. Reef chain integrates the best aspects from the most commonly used blockchains while maintaining full smart contract compatibility. The protocol uses the same Parity Substrate technology as Polkadot, and provides a scalable blockchain environment with an interoperable Web 3.0 system.
Reef claims to be the first cross-chain trading platform that operates with centralized and decentralized exchanges while providing the best yield rates for traders and support for DeFi decentralized applications. The platform also provides the Reef Yield Engine, which allows users to get involved with smart borrowing and lending, mining, staking, and other activities, powered by AI. Reef had also launched its own smart contracts blockchain called Reef Chain.
The blockchain offers a number of features for its users, including:
The Reef Smart Yield Engine is designed to create baskets of digital assets that users can invest in while earning a yield, powered by artificial intelligence and machine learning for advanced automation. Users can trade and stake their tokens, while keeping full control. The Reef Smart Yield Engine contains features that facilitate democratization, decentralization, and community-driven governance. It offers support for staking, multiple assets, liquidity farming, integrations, and insurance.
The Reef Intelligence Engine is an oracle that sources data for the on-chain proxy which provides users with real-time data such as asset prices, live changes, and activities in the liquidity pool. The two engines work simultaneously to support the Reef Basket Engin while enabling yield automation, rebalancing, and allocation of crypto assets.
Additionally, Reef is based on the Nominated Proof-of-Stake consensus mechanism. Proof-of-Stake networks are, in general, more cost-effective and efficient when it comes to energy consumption than networks that run on Proof of Work, like Bitcoin or Ethereum. Reef also has a decentralized autonomous organization to aid in securing network operations, with the DAO being run by token holders. The network is secured by Validators and Nominators, while the Nominators choose who validates the network at the end of every block production.
Reef was founded in 2019 by Denko Mancheski who has a strong background in crypto. Mancheski was previously Chief Technology Officer at Adel, a global cryptocurrency incubator for blockchain innovation.
Reef was created to lower the barrier for investing and enable newcomers and inexperienced traders to invest in various cryptos with automated liquidity and yield rewards. Reef continues to develop and evolve while partnering and integrating with other prominent projects in the sector of DeFi.
As every DeFi project, Reef can be used for staking, liquidity mining, trading and investing, yield rewards, operating with dApps, and other DeFi services and products that can easily update on the highly upgradeable, forkless network. Users can access multiple blockchain environments within a single DeFi ecosystem and get the most out of their trading as the network finds the best yield rates through an automated process.
The native token of the platform is REEF, it is a multi-purpose utility token. Reef tokens' total supply is 20.32B REEF and its market cap is $131,522,430. The REEF token can be used in the governance of the network, staking, paying fees, borrowing, lending, and liquidity mining. Traders can also trade REEF in the crypto market for a profit, as it currently ranks #162 on the global crypto market. REEF is also the centerpiece of the reward system on Reef platform.
The value of REEF tokens is subject to frequent and often radical market changes and trend reversals, which can make REEF underbought or overbought with regards to its intrinsic value. As the project is becoming more popular and more people are joining the ecosystem, the price of REEF may rise as a consequence to match its real-life value.
As Reef keeps developing, it attracts more users and investors. Naturally, many crypto sources believe that the project will become successful and the price of its native token will rise. For instance, DigitalCoinPrice believes that in 2030, the REEF coin will cost almost 0.5 cents, around $0.0446. Other websites, such as PricePrediction.net, claim that by 2031, the price of REEF coin may reach $0.3.
Some sources are very optimistic about REEF crypto. These include Business2Community. Based on their predictions, by the end of 2025, the Reef blockchain can use its advantage of being EVM-compatible and tap into the star-studded Ethereum ecosystem through its liquidity bridges. This would allow users to send and receive ERC-20 tokens, which, as a result, would push the price up to $8 and higher.
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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.
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