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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What is Reef coin for?

REEF is a multi-purpose utility token . It has a role in the governance of the network and can be staked, used to pay for fees on the network, and traded in the market of cryptocurrencies. REEF is also the centerpiece of the reward system on Reef Finance.

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