Reef Finance is the 11th project on Binance Launchpool, based on the Polkadot ecosystem, a smart platform that helps you aggregate liquidity and profits was born under the name REEF. Thereby, users can Staking, BNB, BUSD and DOT into 3 separate pools to farm REEF tokens. This article Finnews24 will help you better understand what Reef Finance is and evaluate the future prospects of this Coin.
What is Reef Finance Token?
Reef Finance is the first DeFi - based multi-chain project built within the Polkadot ecosystem . With reef finance, a smart liquidity statistics tool will pair virtual currency buyers and sellers with liquidity groups in exchanges (CEX, DEX) and Defi system.
By relying on AI , investors can simplify the management of their electronic assets while optimizing returns based on each type of risk.
Finnews24: What is Reef Finance? Reef Coin Cryptocurrency Details
Reef Finance's goal is to simplify the experience of using blockchains, exchanges and productive farming platforms, making everything more connected and working better together.
Currently, Reef Finance or Reef coin owns almost the same advantages as other tokens existing in the decentralized financial market . With key features such as deposit, lending, lending transactions are receiving great attention from users who want to earn money passively.
Reef Finance's Ecosystem
Reef Trading Terminal: Reef Finance uses Polkadot's atomic bridge function. This is a tool that helps aggregate liquidity from linked decentralized exchanges (DEXs) on the Polkadot ecosystem. Reef Finance can also access centralized exchanges (CEX) to enhance user liquidity.
Reef Yield Engine: This is an intelligent portfolio management tool that allows users to use AI to optimize the management of crypto assets into baskets to find profitable opportunities. high returns in DeFi. Users can also customize algorithms based on how much they invest to meet personal financial goals .
Reef Intelligence Engine: A real-world Oracle data source for smart contracts. This tool will track relevant financial data in real time such as: asset prices, social media data, news and on-chain data. This data is then used to manage assets and find opportunities. As a result, the AI can generate asset allocation options into multiple portfolios with rates of return commensurate with their risk.
Investor of Reef Finance
Many people still ask themselves whether Reef Coin is reputable? – Currently, Reef Finance project has many large investment funds such as: Bitcoin.com, PNYX Ventures, TRG capital, Genesis Block, NGC…
Is Reef Finance project reputable?
Features of Reef Finance
In fact, the problem of users with relatively large requirements related to liquidity statistics and automatic control of electronic wealth transactions with high security and efficiency is being proposed. out.
But in fact, when the focused exchanges are easily broken or isolated, the non-investment exchanges do not have much liquidity and are difficult to use.
The highlight of the category here is that at this time there is no real exchange (DEX or CEX) that does not go through an intermediary that integrates with the Defi system and forces all traders to find a way to bring the top profits. score by manual solution.
Since Reef Finance and Reef Coin were born, this has been handled and led to the oath of wiser trading in virtual currencies based on 2 main components:
- Deposit, lending, borrowing and data collection transactions with and wise tools about who is controlled by reef interest analysis.
- Buy and sell wealth based on worldwide liquidity statistics and access to liquidity from two investment exchanges, Dex and Cex.
Reef will not require users to distribute their entire Private Key, operates on a secure and highly recoverable Polkadot structure and can advance forkless.
REEF Coin and Reef Finance Basics
REEF is the currency of the Reef Finance ecosystem. It acts as a medium of exchange, paying for transaction fees, and powering the governance mechanism and reward structure. REEF token holders have the right to vote on issues related to project governance such as: Launching new features, adjusting specific parameters in the system.
- Token Name: Reef Finance
- Icon: REEF
- Contract: 0xfe3e6a25e6b192a42a44ecddcd13796471735acf
- Token Standard: BEP-20, ERC-20
- Total circulating supply: 16,112,552,172 REEF
- The maximum total supply is: 20,000,000,000 REEF
REEF Token Allocation
REEF tokens will be distributed on the market as follows:
| ● Binance Launchpool: 3.00% ● Seed Sale: 7.14% ● Strategic Sale: 8.33% ● Team: 16% ● Protocol Emissions & Liquidity Rewards: 29.96% | ● Private Sale: 5.6% ● Foundation: 17.57% ● Ecosystem: 12.4%
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What is the function of Reef Coin?
After knowing what REEF is, let's dive deeper into the function of Reef Token.
- Global Liquidity Aggregator: As a DeFi liquidity aggregator, will aggregate liquidity from DEXs, centralized exchanges, liquidity pools and other sources into one Global pool, thus allowing order flow to flow through through a point.
- Smart Yield Farming Aggregator: is a tool that allows retail investors and fund managers globally to easily access and acts as a gateway to the world of DeFi.
- Non-custodial: is a decentralized, non-custodial protocol; assets are controlled by the users themselves and the assets will not be stored on the platform. Reef empowers users to store their own private keys and crypto-assets, while also operating in a platform similar to DeFi, which can optimize user profits without compromising security.
Information about Toke Reef Sale
Here is the information about Token Sale:
- Token Name is: REEF
- Private sale amount increased with: 1,400,000 USD
- Private sale token for: 0.00125 USD / REEF
- Private sale allocation with: 1,120,000,000 REEF
- The amount of selling strategy increased with: 1,500,000 USD
- Strategy token price is: 0.00090 USD / REEF
- Semi-strategic allocation with: 1,666,666,667 REEF
- Seed Sale Amount increased with: 1,000,000 USD
- Seed Sale Token Price is: 0.00070 USD / REEF
- Seed Sale Allocation with: 1,428,571,429 REEF
Why invest in Reef?
Simplify things on a complex blockchain network
From inexperienced techies to seasoned blockchain developers, Reef offers an opportunity for everyone to join the DeFi revolution. Consolidating all fronts is the only way to express the full value of the decentralized proposition and pave the way to the new financial world. Only once we are freed from the clutches of the current corrupt and dysfunctional financial world can we build the future we deserve. It is in our darkest times that we must focus to see the light.
Avoid errors and hacker attacks
Liquidity problem as centralized exchanges are isolated and easy to hack while DEXs are illiquid and difficult to use. The DeFi ecosystem also faces the problem of fragmentation, where users have to manage multiple addresses across multiple platforms, and to access their assets and data they have to navigate to these platforms individually. .
Reef is a smart profit and liquidity aggregator that allows trading with access to liquidity from both CEXes and DEXes while providing lending, borrowing, staking, smart mining through the Instrument AI-driven personalized Reef returns.
Operate on Polkadot's infrastructure
Reef.Finance is secured by Polkadot's shared security model, which ensures high resilience and is upgradable without fork.
A decentralized network fully managed by Reef Token holders through the DAO to achieve a transparent future: a future based on more truth and less trust.
Roadmap is clear
Reef Finance's roadmap is very detailed and clear, giving users peace of mind to follow the development of the project.
Liquidity is locked
On BscScan we can see that most of Reef Token's liquidity comes from Binance Hot Wallet, which makes sense since the token is cross-compatible with each other and despite a rather unique contract, it seems very secure. because only Binance has access to this wallet.
Where to invest Reef coin?
REEF Coin has been listed on several crypto exchanges, unlike other major cryptocurrencies, it cannot be purchased directly with fiat money. However, you can still easily buy this currency by buying Bitcoin, ETH, USDT from any of the major exchanges and then go to the exchange that offers this currency trading, in the article Reef Defi What is Finnews24.com, we will guide you in detail to buy REEF through PancakeSwap.
- Download MetaMask or use an existing wallet. Go to MetaMask and download their wallet to your phone or chrome/firefox browser.
- Go to pancakeswap.finance and make sure it is set to “V2”, PancakeSwap is where you will do the swap of your existing tokens to Reef.
- For phones: If you want to trade on mobile , go to the Metamask app, click on the side menu and open the in-app browser, search for pancakeswap and buy from there.
- Go to the trading screen: Click “Connect” at the top right of the screen, then navigate to “Trading” in the left sidebar.
- Select $REEF token: Click “Select currency” button and enter $REEF token contract: 0xf21768ccbc73ea5b6fd3c687208a7c2def2d966e
- Adjust your slip to 0.1%: Click “Settings” in the top right and adjust your slip to 0.1%. Enter the amount you want to exchange and make sure there is enough gas.
Reef Coin Storage Wallet
Reef Finance or Reef Coin is currently an ERC -20 Token, so it is not too difficult for investors to store their assets on some wallets such as: Trustwallet, MyEtherwallet, Metamask.
Conclude
Reef has so much potential to become the next big blockchain that it's hard not to rush into investing. The only problem is converting longtime users of Etheriums ERC-20 and fully invested ones into BSC. Due to its focus on making the transition easy, we would all be wrong to think that Reef Finance can't achieve this.
