Reef Finance REEF
Report IssueThe REEF token is the native utility token for the Reef Finance platform. It has several functions on the platform, including managing the governance mechanism and reward structure of the protocol. Of course, it can also be used as a medium of exchange and is available for trading on a number of exchanges.
Details
ByBit 
Gate 
Score Sentiment Neutral
Fundraising Statistics
$0 -5.02%
$0.038
REEFReef Finance
USDCUSD Coin
Short Review Reef Finance
Crypto project Reef Finance (REEF) is classified as a DeFi. Reef Finance is a Utility token that is hosted on the Ethereum Network. The current total supply is 20.00 B REEF (Circulating Supply + Tokens yet to be released - Burned Tokens). (3% of total tokens) have been allocated for the public sale.
Reef Finance (REEF) price during the token sale: 0.038 USD.
REEF Price Chart
The launch of REEF token trading took place on 29 December 2020.
Fundraising Rounds
Total sold 8.80 B REEF tokens (45.26% of total tokens). Total amount of funds raised by the Reef Finance project is $24.12 M.
| Investment Round | Date | Price | Funds Raised |
| Funding Round | March 2021 | $0.03787 | $20.00 M |
| Binance Launchpool | December 2020 | -- | -- |
| Private Sale | September 2020 | $0.00125 | $1.46 M |
| Strategic Sale | August 2020 | $0.0009 | $1.57 M |
| Seed Round | August 2020 | $0.0007 | $1.09 M |
| Team | -- | -- | -- |
Reef Finance Investors
TRGC Tier 2Reef Finance (REEF) Cryptocurrency
The developers present Reef Finance as an intelligent liquidity aggregator and profitability engine that allows you to trade with access to liquidity on both CEX and DEX. It also offers smart lending, borrowing, staking and mining through its personalized Reef Yield Engine. One of the key features of the Reef Finance platform is the Reef trading terminal, which uses the Polkadot Atomic bridge for decentralized asset trading (DEX).
Also important to mention is the Reef Yield Engine feature, which abstracts away the complexities of DeFi by providing its users with buckets into which they can deposit crypto assets while the Reef yield Engine maximizes their profits. REEF is a governance token that owners of this cryptocurrency can use to vote on various proposals. In addition to governance, the token supports the Reef Finance infrastructure, so it can be used to pay fees for using protocols. Since Reef is built on Polkadot, the bridge between blockchains is a separate parachain. Network members who validate these parachains are elected by PoS voting and rewarded with earnings from the Reef Finance pool.
History of the Reef Finance project
Denko Mancheski is the founder of Reef Finance. He created a project to make DeFi accessible to everyone. It claims to make decentralized finance much easier to use, allowing people to make money without tracking protocol profitability and multiple conversions. Unfortunately, the bulk of the REEF development team is currently unknown.
On September 15, 2020, Reef Finance announced the completion of a $3.9 million seed round for its Polkadot-based DeFi interconnect suite. Participating in the round were NGC Ventures, AU21 Capital, QCP Soteria, the venture capital arm of QCP Capital, Kenetic Capital, Amplifi, LD Capital, Garlam Won, TRGC, Genblock, Krypital Group, Woodstock Fund and Danish Chaudhry. In addition, at the end of October 2020, it became known that Reef Finance had entered into an agreement to jointly integrate Bluzelle price feeds and distributed data storage on its platform. As part of this agreement, the well-known project Bluzelle provides the DeFi platform Reef Finance with its blockchain infrastructure and helps develop a joint solution.
REEF Advantages
- The innovative idea of combining CEX and DEX liquidity.
- The ability to maximize income through intelligent asset allocation.
- Reef Finance can be used as a portfolio rebalancing tool.
- Supported by many crypto exchanges and well-known projects.
- Supported by many crypto exchanges and well-known projects.
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- Highly scalable with the Polkadot blockchain.
Disadvantages of REEF
- Lack of information about the development team.
