Reef is a decentralized finance application that enables cross-chain transaction delivery enhanced with Polkadot (DOT) architecture. Reef, which has a smart liquidity aggregator feature, creates an automation by bringing together the collected liquidity thanks to this feature, and also manages to overcome one of the biggest disadvantages of centralized exchanges, security breaches, despite a simple and user-friendly design.
REEF is the platform’s cryptocurrency. In this way, the operation of the Reef platform, which is an alternative to the high transaction fees seen in the Ethereum blockchain and developed for users who have difficulty keeping up with innovative investment strategies, is ensured. Since the Reef platform uses Polkadot infrastructure, Avalanche also works well with other decentralized finance applications on Moonbeam, Ethereum and Binance Smart Chain.
Users with REEF coin pay the transaction fees on the platform through this token, provide liquidity to the platform by staking and earn interest rewards, and earn passive income by creating investment baskets.
As of the date of publication of the article, 1 REEF coin is equal to 0.033 USD. With 3 billion of its maximum supply of 20 billion units in circulation, REEF has a market capitalization of 102 Million USD and is the 198th most valuable coin in the cryptocurrency market. REEF coin, which has the potential to be valued up to $ 679 Million, saw $ 0.054 in February 2021. REEF coin can only be bought and sold on Paribu stock exchange in Turkey, and on crypto currency exchanges such as Binance, Uniswap, Huobi Global abroad.