Hello! GMW here.
Today I would like to present you a rather interesting cryptocurrency in my opinion. This is called the Reef.
What is Reef?
Reef is a DeFi platform built on Polkadot that aims to deliver cross-chain trading. A yield engine and a smart liquidity aggregator are among the project’s offerings.
Work began on the project in the second half of 2020. Those behind Reef argue that the process of trading, lending and staking crypto is currently fragmented - creating “a painful experience for all of its participants.”
Reef aggregates liquidity and provides automation. It also aims to address the drawbacks associated with existing trading platforms. While centralized exchanges are prone to security breaches, decentralized rivals can lack liquidity and are often difficult to use. With extremely many partnerships and the roadmap presented, I believe that this currency can easily reach the price of $ 1 in the next BullMarket.
How Many Reef (REEF) Coins Are There in Circulation?
At present, REEF has a circulating supply of above three billion tokens. When it comes to the total token supply, approximately 3% has been allocated to Binance Launchpool, while 21% has been distributed to investors through token sales. The Reef team holds 16% of the supply and a specially created foundation has 17.5%, with about 12.5% earmarked for developing the ecosystem. The remaining 30% is devoted to protocol emissions and liquidity rewards, and tokens are going to be gradually released between now and the end of 2025.
Interesting events this year would be: ReefSwap, Reef Finance Card and the partnership with Steam.