What is Reef (REEF)? Blockchain for DeFi, NFT & Gaming

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Bittime - Reef (REEF) is an innovative solution for the DeFi, NFT and gaming ecosystem. Built on cutting-edge technology, Reef delivers high scalability, fast and cheap transactions, and compatibility with Ethereum, opening up new opportunities for developers and users.

What is Reef (REEF)?

Reef (REEF) is a Layer-1 blockchain designed specifically for DeFi, NFTs, and gaming. The platform combines Substrate Framework technology with EVM (Ethereum Virtual Machine) , enabling developers to:

• Build dApps with high scalability and low cost
• Easily migrate dApps from Ethereum without changing code
• Enjoy high security and interoperability

Reef (REEF) Key Products & Features

• Reef Chain: A scalable and secure Layer-1 blockchain for DeFi, NFTs, and gaming.
• Reef EVM: Ethereum compatible virtual machine, enabling easy migration of dApps.
• Reef Bridge: An inter-chain bridge that connects the Reef (REEF) Chain with other blockchains.
• Reef NFT: Platform for minting, trading, and storing NFTs.
• Reef Play: A blockchain gaming platform integrated with Reef Chain.

What is REEF Token?

REEF Token is Reef Chain's native utility token used for:

• Pay transaction fees on Reef Chain
• Participate in Reef Chain governance
• Get staking rewards
• Participate in the Initial DEX Offering (IDO) on Reef Launchpad

Tokenomic Reef (REEF)

• Total Supply: 22.821.409.581 REEF
• Circulating Supply: 15.276.373.394 REEF
• Market Cap : IDR 610,229,846,066 (as of 23 February 2024)

Reef Fundamental Analysis (REEF)

• Technology: Reef Chain uses Substrate Framework technology which is proven to be secure and scalable.
• Team: The Reef team consists of experienced professionals in the blockchain industry.
• Community: Reef has an active and rapidly growing community.
• Partnerships: Reef has established partnerships with several leading blockchain projects.

Comparison of Reef (REEF) & Competitors

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Founder & Tim Reef (REEF)

• Denko Mancheski: CEO and Co-Founder
• Ken Timsit: CTO and Co-Founder
• Sudesh Vaswani: COO and Co-Founder
• Reef Team: Consists of experienced professionals in the blockchain industry

Public Opinion About Reef (REEF)

• CoinMarketCap: Awarded a community score of 7.9/10
• CoinGecko: Gives a trust score of 8.4/10

Reef Conclusion (REEF)

Reef (REEF) is a promising blockchain project with innovative solutions for DeFi, NFTs and gaming. The platform offers high scalability, fast and cheap transactions, and compatibility with Ethereum, making it an attractive choice for developers and users.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via  Bittime .  Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on  Bittime ,  make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into  your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn  Complete Guide How to Buy Crypto on Bittime .

Monitor price chart movements  for Bitcoin (BTC) ,  Ethereum (ETH ) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.