What happened Reef Crypto?

Reef Finance has become Reef , a Substrate-based layer-1 blockchain with smart contract functionality as part of its rebranding. The new iteration features rapid throughput, low transaction costs, high scalability, and offers on-chain governance without wasteful mining.

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How do you stake a reef coin?

While your Reef tokens are staked by nominating a validator , they are “locked” (i.e., bonded). You can receive new Reef tokens in your account but you cannot stake as a validator or transfer Reef tokens out from your account. You can un-nominate at any time to stop staking your funds.

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