It is a DeFi protocol built on the Polkadot network to enable cross-chain commerce. It was founded by Denko Mancheski and started to work in the 3rd quarter of 2020. The main motivation of the project is to provide a simple decision-making process by removing the technical barriers for retail investors who want to experience the DeFi protocol and get involved in it.
The Reef team intends to make complex processes such as crypto trading, staking and lending with usability for users today. Thanks to the Reef DeFi platform, liquidity is collected and automation is provided in REEF token. The total supply of REEF token is 17,530,705,935 units and its circulating supply is 18,280,000,000 REEF. Its market cap is $237,127,663.
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