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logoReef Finance (REEF)

Polkadot-based Multi-Chain Smart Yield Engine & Liquidity Aggregator.
  • Reef Finance is a multi-chain smart yield engine & liquidity aggregator for any DeFi protocol to integrate with.
  • Reef Finance gives retail investors access to the DeFi landscape with a low technical entry barrier while at the same time augments the decision making process based on users' risk levels.
  • REEF is the native utility token of Reef Finance with the following use cases:
    • Governance: vote on different proposals such as releasing new features and re-adjusting certain parameters in the system;
    • Protocol Fees: pay fees for operations such as entering/exiting an allocation basket, reallocation, rebalancing and other activities;
    • Staking: stake into various pools to earn interests with preferred APR;
    • Yield Distribution: choose the payout ratio of the profit generated by the activities in your allocation basket.

Key metrics (as at December 22nd 2020)

TickerREEF
Token TypeBEP-20 and ERC-20
Binance Launchpool Start DateDecember 23rd 2020
Binance Launchpool Allocation600,000,000 REEF (3.00%)
Initial Circ. Supply3,965,900,953 REEF (19.83%)
Total Token Supply20,000,000,000 REEF

1. What is Reef Finance (REEF)?

Reef Finance (“Reef”) is a multi-chain smart yield engine and liquidity aggregator where any DeFi protocol can integrate into. Powered by Polkadot, it shares its security model with the ecosystem, and enables cross-chain integrations across various DeFi protocols. Reef gives retail investors access to the DeFi landscape with a low technical entry barrier while at the same time augments the decision making process based on users' risk levels.

Reef's infrastructure is a chain of multiple smart contracts composing and integrating on top of the ecosystem. This entry component is called a basket engine which communicates with the liquidity aggregator and the analytics engine. It allows the user to invest/divest into multiple DeFi platforms with a single click and reduces the necessity to manage the outputs of the activities manually (e.g. LP tokens). The engine is being extended to support insurance cover of the basket and multi-hop strategies. The infrastructure will support multiple chains including Ethereum, Binance Smart Chain, Plasm, Moonbeam and Avalanche. This will allow users access to a large number of DeFi platforms.

The REEF token is a utility token used to vote on different proposals such as releasing new features, readjusting certain parameters in the system and more. Besides governance, the token can also be used to pay protocol fees.

2. Recent news

3. Economics and supply

3.1 Token sales data

Token NameREEF
Seed Sale Allocation1,428,571,429 REEF
Seed Sale Token Price0.00070 USD / REEF
Seed Sale Amount Raised1,000,000 USD
Strategic Sale Allocation1,666,666,667 REEF
Strategic Sale Token Price0.00090 USD / REEF
Strategic Sale Amount Raised1,500,000 USD
Private Sale Allocation1,120,000,000 REEF
Private Sale Token Price0.00125 USD / REEF
Private Sale Amount Raised1,400,000 USD

3.2 Token allocation

Token NameREEF
Binance Launchpool3.00% of the total token supply
Seed Sale7.14% of the total token supply
Strategic Sale8.33% of the total token supply
Private Sale5.60% of the total token supply
Team16.00% of the total token supply
Ecosystem Development12.40% of the total token supply
Protocol Emissions & Liquidity Rewards29.96% of the total token supply
Foundation17.57% of the total token supply
REEF token allocation
REEF token release schedule

4. Reef Finance's community overview

Reef Finance has regional communities in the US, China, Korea, and Vietnam. The project has plans to extend their reach to other markets globally as the project gains more popularity.

Current community growth strategies of Reef Finance include:

  • Expanding the ecosystem through strategic partnerships with established projects.
  • Organizing and participating in various crypto and blockchain events to build more engagement with Reef users and the community.
  • Providing online product demos and hosting webinars to engage with developers.
  • Providing weekly and monthly updates to the community about the project's latest news and technical developments.
  • Amplifying Reef’s reach to new markets and communities with the help of the ongoing Reef Ambassador Program (Reef Rangers).

Future community growth strategies of Reef Finance include:

  • Launching Reef basket engine V1 and yield engine V1 and educating its community about these products.
  • Educating Reef users about Reef's ecosystem by starting an educational series - Reef Highlights.
  • Educating community through videos about DeFi and helping users understand the landscape and the risks involved with DeFi.

Community and social channels (as at December 22nd 2020)

Telegram (English) | 6.0K Members
Telegram (Vietnamese) | 1.4K Members
Telegram (Announcement) | 2.5K Members
Twitter (English) | 5.7K Followers
Medium (English) | 934 Followers