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.
Read moreWho is the founder of Reef Finance?
Denko Mancheski is the CEO and Founder of Reef Finance.
Read moreIs Reef built on Polkadot?
Reef Finance (REEF) is a project built on Polkadot that attempts to simplify this. Reef is the first cross-chain crypto operating system in DeFi that facilitates the transfer of liquidity and tokens between different blockchains, including centralized exchanges (CEXs) and decentralized exchanges (DEXs).
Read moreHow many reef Finance coins are there?
It has a circulating supply of 18,280,715,935 REEF coins and the max.
Read moreWhat is Reef Finance coin?
Reef is an EVM-compatible blockchain for smart contracts with low fees, high scalability and amazing user experiences . Earlier, Reef Finance offered a DeFi platform that helped users access liquidity from centralized exchanges (CEXs) and decentralized exchanges (DEXs).
Read moreCan 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.
Read moreCan you stake reef coin?
From Reef, you can conveniently buy, trade, stake, lend and borrow your digital assets .
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