Can you stake Reef on Binance?

Users will be able to stake their BNB, BUSD and DOT tokens into separate pools to farm REEF tokens over 30 days , with farming starting from 2020/12/23 0:00 AM (UTC). Binance will then list REEF into the innovation zone at 2020/12/29 6:00 AM (UTC) and open trading with REEF/BTC and REEF/USDT trading pairs.

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What can I do with my reef tokens?

The token is used for on-chain governance or nominated proof of stake and Proof of Commitment (PoC) transaction fees or gas and on-chain governance or NPoS and PoC . Users who stake $REEF in the Reef pool get to yield their tokens, and have the power to: Elect collators to run the Reef Parachain.

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