Reef Price
(REEF)
USD($)
Reef (REEF) Live Price Chart
Overview
About
Analysis
FAQ
Reef Live Price Data
The live price of Reef is $0.001019, with a total trading volume of $ 167,943 in the last 24 hours. The price of Reef changed by -4.58% in the past day, and its USD value has decreased by -25.21% over the last week. With a circulating supply of 22.82B REEF, the market cap of Reef is currently 23.04M USD, marking a --% increase today. Reef currently ranks #-- in market cap.
How do you feel about Reef today?
Note: This data is for reference only.
Reef(REEF) Profile
Rank--
--Expand 
Website
Documentation
Explorer
Contract
- Ethereum 0xfe3e6a...acf
- BNB Smart Chain (BEP20) 0xf21768...66e
Audited By
- https://github.com/HalbornSecurity/PublicReports/blob/master/Solidity%20Smart%20Contract%20Audits/Reef_Finance_SmartContract_Halborn_Report_V1_1.pdf
Code & Community
Investors
- Alameda Research
- Digital Finance Group
- Genblock Capital
- Krypital Group
- Lotus Capital
- Exnetwork Capital
- LD Capital
- GD10 Ventures
- Master Ventures
$0.000991
$0.001150
- ATH
- $0.058371
- Price Change (1h)
- +1.39%
- Price Change (24h)
- -4.58%
- Price Change (7d)
- -25.21%
- Market Cap
- $23.04M
- 24h Volume
- $167,943
- Circulating Supply
- 22.82B
- Max Supply
- 19.52B
About REEF
How can I buy Reef (REEF)?
Buying REEF on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Reef (REEF) for more information. What Is Reef (REEF) Crypto?
Reef (REEF) is a blockchain designed to simplify decentralized finance (DeFi), NFTs, and gaming. It's built on the Substrate framework, making it compatible with the Ethereum Virtual Machine (EVM). This allows developers to easily migrate their decentralized applications (dApps) from Ethereum to Reef without changing much code.
REEF, the platform's native token, is used for paying transaction fees, participating in on-chain governance, and staking within the Reef ecosystem. The blockchain is fast, scalable, and has low transaction costs, which makes it attractive for a wide range of decentralized applications.
Reef also supports cross-chain liquidity, meaning you can move assets between different blockchains like Ethereum and BNB Chain using Reef’s tools. The project was founded by Denko Mancheski to make DeFi more accessible, particularly for retail investors.
How Does Reef Chain Work?
Reef (REEF) provides a blockchain platform that simplifies access to decentralized finance (DeFi), NFTs, and gaming. It’s built on the Substrate framework, making it compatible with Ethereum’s ecosystem. This compatibility allows you to easily move your Ethereum-based applications to Reef without much hassle.
Reef uses a Nominated Proof of Stake (NPoS) consensus mechanism, which lets you stake REEF tokens to help validate transactions and participate in governance decisions. The platform is designed for high scalability and low transaction costs, making it accessible for developers and users alike.
One of the key features is ReefSwap, a decentralized exchange (DEX) within the Reef ecosystem. It allows you to trade tokens directly on the Reef chain. The platform also plans to expand by introducing stablecoins, a new browser extension, and more tools for developers.
History of Reef (REEF) Coin
Reef (REEF) was founded by Denko Mancheski, who aimed to create a blockchain ecosystem that simplifies access to decentralized finance (DeFi), NFTs, and gaming. The project officially launched in late 2020. Reef Chain is built on the Substrate framework, making it compatible with Ethereum's ecosystem while offering features like low transaction costs, scalability, and ease of use for developers.
The 2024 roadmap for Reef includes several significant developments. These include launching a mobile wallet, expanding the ReefSwap decentralized exchange, and introducing stablecoins on the platform. Other upcoming features include a new browser extension, DAO infrastructure, and a native name service for the Reef ecosystem. The team is also working on integrating zero-knowledge proofs (zKP) to enhance privacy and security.
What Is REEF Token Used for?
The REEF token is the native cryptocurrency of the Reef Chain, and it serves multiple purposes within its ecosystem. You can use REEF tokens to pay for transaction fees (gas) on the network and to participate in on-chain governance. By staking your REEF tokens, you can also help secure the network and earn rewards as part of the Nominated Proof of Stake (NPoS) system.
In addition, REEF tokens are used within various decentralized finance (DeFi) applications on Reef, such as lending, borrowing, and trading. You can also use REEF to interact with NFTs and other assets on the platform.
For trading, REEF tokens are available on several major exchanges, including KuCoin, where you can trade REEF against other cryptocurrencies on the KuCoin Spot Market. This makes it easy to buy, sell, or exchange REEF as part of your broader crypto investment strategy, but remember to DYOR before undertaking any trading decisions.
What Is Reef Tokenomics?
The total supply of REEF tokens was set at approximately 20 billion at launch, though this is flexible due to the network's fee-burn model. REEF tokens are available across multiple blockchains, including Ethereum and BNB Chain, but can be swapped for native Reef Chain tokens as needed.
Here’s a breakdown of REEF's token distribution:
> 22% is allocated to liquidity and ecosystem bootstrap reserves.
> 20% is reserved for the community fund, which supports various ecosystem initiatives.
> 16% is held by the team members to ensure continued development and operations.
> 12.5% is managed by the Reef Foundation.
The remaining percentages are divided among early investors, including seed, strategic, and private sale investors, as well as a portion allocated to the Binance Launchpool.
Reef (REEF) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $-0.00005 | -4.67% |
| 7 Days | $-0.000348 | -25.51% |
| 30 Days | $-0.000281 | -21.67% |
| 3 Months | $-0.001051 | -50.85% |
24H Investment Barometer
24H
- Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Strong SellSellNeutralBuyStrong Buy
Reef Conversion Rate
FAQ
How much is 1 Reef (REEF) worth?
KuCoin provides real-time USD price updates for Reef (REEF). Reef price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time REEF to USD exchange rates. Is Reef (REEF) a Good Investment?
Investing in Reef (REEF) comes with several potential advantages:
1. Interoperability: Reef integrates with multiple blockchains, including Ethereum and Polkadot, making it easier for you to access and interact with various DeFi protocols. This broad compatibility allows you to benefit from the strengths of different ecosystems.
2. High Scalability: Reef Chain is designed for scalability, meaning it can handle a high number of transactions at low costs. This makes it an attractive option for developers and users looking for efficient and affordable blockchain solutions.
3. Comprehensive DeFi Tools: Reef offers a wide range of DeFi services, including staking, lending, borrowing, and yield farming, all within a single platform. This all-in-one approach simplifies your experience and helps maximize returns with minimal effort.
4. Active Development and Roadmap: The Reef team is consistently rolling out new features and improvements, such as the upcoming mobile wallet, ReefSwap DEX, and a native launchpad for IDOs. These developments can lead to increased adoption and potential growth in the value of REEF tokens.
5. Governance and Staking Rewards: By holding and staking REEF tokens, you can participate in network governance and earn rewards. This not only gives you a voice in the platform's future but also provides an opportunity to earn passive income.
These factors, combined with Reef's focus on user-friendly tools and ongoing enhancements, make it a compelling option for both new and experienced investors looking to explore the DeFi sector.
What Is Reef Crypto Price Prediction?
Several factors influence the REEF price prediction:
1. Market Sentiment: The overall sentiment in the cryptocurrency market, including trends in major coins like Bitcoin and Ethereum, heavily impacts REEF’s price. Positive sentiment can drive the REEF crypto price up, while negative sentiment can lead to declines in the REEF to USD price.
2. Project Developments: Updates and advancements in the Reef ecosystem, such as the launch of new features like ReefSwap, mobile apps, or partnerships, can boost investor confidence and increase demand for REEF tokens, supporting the $REEF price.
3. Adoption and Usage: As more decentralized applications (dApps) and projects build on the Reef Chain, the utility and demand for REEF tokens can grow, positively influencing the REEF token price.
4. REEF Token Supply Dynamics: Reef’s deflationary mechanisms, such as token burning, reduce the circulating supply of REEF tokens, which can contribute to REEF coin price increases over time.
5. Liquidity and Trading Volume: Higher liquidity and trading volume on exchanges can lead to more stable prices, while low liquidity might cause more significant price fluctuations.
How to Stake REEF Tokens on Reef Chain
To stake Reef (REEF) on Reef Chain, follow these steps:
1. Obtain REEF Tokens: First, you'll need to purchase REEF tokens from a supported exchange, such as KuCoin, and then transfer them to your Reef wallet.
2. Set Up a Reef Wallet: You'll need a Reef wallet to store your REEF tokens. You can create a wallet using the Reef web wallet extension for browsers like Chrome or Firefox, or use supported mobile wallets like Fearless Wallet or Klever Wallet.
3. Delegate Your REEF: Once your wallet is set up and funded, you can delegate your REEF tokens to a staking pool. This pool will combine your tokens with others, giving it a higher chance of validating transactions on the network and earning rewards.
4. Start Earning Rewards: After staking, your tokens will be locked, and you will begin earning rewards automatically as the network processes transactions. You can track your earnings through your wallet interface.
5. Consider Fees and Waiting Periods: Be aware of transaction fees and potential waiting periods before rewards start to accumulate. Additionally, unstaking your tokens may require a waiting period depending on the network's conditions at the time.
What is the all-time high price of Reef (REEF)?
The all-time high price of Reef (REEF) is $0.058406. The current price of REEF is down 98.25% from its all-time high.
What is the all-time low price of Reef (REEF)?
The all-time low price of Reef (REEF) is $0.000588. The current price of REEF is up 73.18% from its all-time low.
How much Reef (REEF) is there in circulation?
As of 12 22, 2024, there is currently 22.82B REEF in circulation. REEF has a maximum supply of 19.52B.
What is the market cap of Reef (REEF)?
The current market cap of REEF is $23.04M. It is calculated by multiplying the current supply of REEF by its real-time market price of $23.04M.
How do I store Reef (REEF)?
You can securely store your Reef in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your REEF include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert SHIBA INU (SHIB) to cash?
You can instantly exchange your SHIBA INU (SHIB) for cash using KuCoin's Fast Trade feature. This feature enables you to convert SHIB to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.