What is Reef Finance (REEF)? All information about REEF ảo virtual currency

What is reef finance?

What is Reef Finance (REEF)?

Reef Finance is a cross-chain system of DeFi products and services. Like a general store, you can view the most popular DeFi services in a single platform.

Through smart contracts, Reef Finance aggregates the liquidity provided by the markets it is linked to. It also runs a yield engine that connects crypto buyers and sellers with different liquidity pools offered by exchanges and DeFi spaces.

Reef Finance gives retail investors access to the DeFi scene with a low technical barrier to entry while enhancing user risk-based decision making.

What problem does Reef Finance solve?

When it comes to Decentralized finance (DeFi) , the common difficulty encountered by users stems from interoperability issues. In order for DeFi users to take advantage of the different products that can meet their needs, they will have to interact with a variety of standalone applications. Reef Finance solves that problem.

Reef Finance is a project that aims to aggregate all these commonly requested services. Not only does it give users easy access to various DeFi-based products, but it also simplifies the entire experience.

Through Reef Finance, users can buy, trade, staking and even borrow digital assets, all on a single platform.

How does Reef Finance solve the problems?

The way it works and the set of products from the project say it all. Let’s see how it works first.

How does Reef Finance work?

Same as in the concept, but I will add some of the following features:

For starters, there is a crypto asset management function on the platform that is controlled by AI. This service is also customizable. Furthermore, it corresponds to different types of risks that can meet the financial goals of the user.

How does reef finance work?

Reef Finance is a non-custodial platform. That means users don’t have to worry about private keys. And because it is powered by Polkadot, it also enjoys top-level security that is resilient from attacks. Basically, the chances of their funds being stolen from the platform are pretty low.

Now see what products from Reef can meet?

Reef Trading Terminal

Reef Finance uses Polkadot technology, the atomic bridge, to aggregate the liquidity of linked DEXs across its ecosystem. This makes the largest decks like Binance, Huobi or OKEx accessible on Reef’s platform.

With access to centralized exchanges – CEX, users can enjoy greater liquidity.

Reef Yield Engine

Reef simplifies yield farming. Should read the article:

It is a complex service but a highly profitable asset management activity in DeFi. Anyone can stake in different baskest assets and earn yield reward.

It also allows them to automate DeFi services such as lending, borrowing and mining. Users can access AI for this and configure its algorithms based on their needs and goals.

Reef Intelligence Engine

What should be emphasized is the AI ​​and machine learning functionality that powers Reef finance’s automated services

Reef Intelligence Engine is an off-chain oracle that provides data for authorized smart contracts in the platform:

  • Basically, it reliably collects data off-chain and feeds smart contracts so that they can function correctly.
  • It monitors various metrics, social media data, news, on-chain data, to generate insights.

Reef Engine uses the data coming from this function to manage assets and identify investment opportunities. In this way, the theory can generate profitable allocations across multiple baskets of assets while keeping in mind their level of risk.

What is REEF token?

Reef is the unity token, native of the Reef Finance platform. It can be used as a medium of exchange, but some of its key functions within the platform include powering the reward structure for the protocol and its governance mechanism.

 

What is reef token?

Basic information of REEF

TickerREEFToken typeERC-20Token StandardUnity tokenInitial Cycle. Supply3,965,900,953 REEFsTotal Supply20.000.000.000 REEFs

Allocate REEF tokens

reef distribution

Release schedule

reef finance REEF release schedule

REEF Finance token sale

  • Seed Sale Allocation: 1,428,571,429 REEF
  • Seed Sale Token Price 0.00070 USD/REEF
  • Seed Sale Amount Raised: 1,000,000 USD
  • Strategic Sale Allocation: 1,666,666,667
  • REEF Strategic Sale Token Price: 0.00090 USD/REEF
  • Strategic Sale Amount Raised: 1,500,000 USD
  • Private Sale Allocation: 1,120,000,000 REEF
  • Private Sale Token Price: 0.00125 USD/REEF
  • Private Sale Amount Raised: 1,400,000 USD’

What is REEF token used for?

  • Governance: Vote on various proposals such as releasing new features and re-adjusting certain parameters in the system
  • Protocol fees: Pay for operations like enter/exit from basket, reallocate, rebalance and others
  • Staking : Stake into different pools to earn interest with priority APR.
  • Yield Distribution: Choose the payout percentage of the profits generated by the activities in your basket

REEF is traded on which exchange?

Currently, there is only information that Binance listed REEF in the innovation zone at 01:00 pm on December 29, 12 and opened trading with REEF/BTC and REEF/USDT trading pairs.

Other exchanges will be updated with information later.

Which wallet is safe to store REEF in?

This is an ERC-20 token so it’s pretty easy to find a suitable wallet such as: trustwalletLedger Nano XMyEtherWalletDappradar.. Or you can store it directly on the exchange where you bought that token. Remember to enable full security.

The Future of Reef Finance (REEF)

For a long time, many developers in the DeFi space have sought to make their services easy to understand and meet the needs of users. While this is a welcome development for the entire crypto ecosystem, it is somewhat counterproductive in attracting newcomers to the DeFi space. The fragmentation and complexity of many DeFi platforms still hinders more users.

For this reason, Reef is considered an ambitious venture as it caters to everyone who wants a piece of DeFi, regardless of experience and expertise. By automating DeFi functions, users can find new opportunities to profit and better manage their digital assets.

Today, there are more and more institutions supporting DeFi projects like Reef. And if it turns out to be a successful platform, it could significantly boost the entry of newcomers into the DeFi space.

Roadmap

  • Q3 2020: Ethereum DeFi protocols integrations (v2). Reef Aggregation Layer. Analytics Engine Indexers (v2)
  • Q4 2020: TGE & Exchange listing. Reef Basket Engine (v1). Yield Engine (v1). Liquidity Mining Program
  • Q1 2021: Reef Basket (Dynamic). Smart Asset Management (v1). Multi-ecosystem support. Pooling mechanism (v1). Reef DAO structure.

More details you refer to here.

Should I invest in REEF?

Currently, Reef Finance has regional communities in the US, China, Korea and Vietnam. The project plans to expand their reach to other markets globally as the project grows more and more popular.

With many plans to help users access Defi more easily. Hope the project gets more attention from the community. Please refer to the evaluation to form a decision “Should I invest in REEF?” no.

Reef Finance, what’s next?

  • Launching Reef basket engine V1 and yield engine V1. Educate the community about these products.
  • Teach Reef users about Reef’s ecology by starting an educational series, Reef Highlights.
  • Educate the community through DeFi videos and help users understand the context and risks associated with DeFi.

Reef Finance on Binance Launchpool

Basic information

TickerReef Finance (REEF)Launchpool token reward600,000,000 REEF (3% of Total Token Supply)Total Token Supply20.000.000.000 REEFsInitial Circulating Supply3,965,900,953 REEF (19.83% of Total Token Supply)Farming PeriodDecember 23, 12 2020:07 AM to January 00, 22 01:2021 PM (VN)Staking TermsNo limits, no KYC required

Pools are supported

Instructions for participating in staking BNB, DOT and BUSD to receive REEF coins

Step 1: If you do not have a Binance account, please register: https://blogtienao.com/go/binance

Step 2: Prepare BNB, DOT and BUSD to start staking

Step 3: Access: https://launchpad.binance.com/ Choose “Stake now” with the pool you want

binance launchpad

Step 4: For example, you use BNB, then click “Stake” and enter the amount of BNB you want.

Important timelines

07:00 AM to 07:00 AM the next dayRewardBNB PoolBUSD PoolDOT Pool

23/12/2020 – 29/12/2020

50,000,000 REEFs

30,000,000 REEFs

5,000,000 REEFs

15,000,000 REEFs

29/12/2020- 06/01/2021

15,000,000 REEFs

9,000,000 REEFs

1,500,000 REEFs

4,500,000 REEFs

06/01/2021 – 22/01/2021

11,250,000 REEFs

6,750,000 REEFs

1,125,000 REEFs

3,375,000 REEFs

Terms and condition

  • Snapshot of user balance and total pool balance will be taken every hour to calculate user reward, also will be updated every hour.
  • Users will be able to accumulate their rewards (calculated every hour) and receive these rewards directly into their spot account at any time.
  • Annual % Yield (APY) and total balance of each pool will be updated in real time.
  • Only one pool can be staked at a time. Example: User A cannot stake the same BNB in ​​2 different pools at the same time. But it is possible to allocate 50% of their BNB to pool A and 50% to pool B.
  • Users will be able to withdraw their funds at any time without delay and join any other available pool instantly.
  • Tokens are staked in each pool and any unclaimed rewards are automatically transferred to each user’s spot account at the end of each farming period.
  • Staking BNB into Launchpool will still provide users with standard benefits for holding BNB, such as airdrops, Launchpad eligibility, and VIP benefits.

Communit & Social

5/5 – (1 votes)