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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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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