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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Is 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).

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