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Reef Finance (REEF)

Polkadot-based Multi-Chain Smart Yield Engine & Liquidity Aggregator.December 22nd 2020

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)

Ticker	REEF
Token Type	BEP-20 and ERC-20
Binance Launchpool Start Date	December 23rd 2020
Binance Launchpool Allocation	600,000,000 REEF (3.00%)
Initial Circ. Supply	3,965,900,953 REEF (19.83%)
Total Token Supply	20,000,000,000 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.

Reef Chain development tools include:

Remix and EVM integrated development environments for uploading and deploying smart contracts.
Reefscan blockchain explorer to assist with deploying validators, bonding and nominating validators, debugging contracts, and understanding network performance.
Reef command line tools that allow developers deploy applications from local environments.
Reef wallet for accessing and interacting with the blockchain

2. Recent news

December 2020: Halborn completed Reef Finance security audit.
December 2020: Reef Finance joined the Polkadot DeFi Alliance.
November 2020: Announced Binance Access Integration.
November 2020: Announced the Reef Ranger Ambassador Program.
September 2020: Reef Finance will integrate Chainlink price feeds to power its cross-chain DeFi platform.

3. Economics and supply

3.1 Token sales data

Token Name	REEF
Seed Sale Allocation	1,428,571,429 REEF
Seed Sale Token Price	0.00070 USD / REEF
Seed Sale Amount Raised	1,000,000 USD
Strategic Sale Allocation	1,666,666,667 REEF
Strategic Sale Token Price	0.00090 USD / REEF
Strategic Sale Amount Raised	1,500,000 USD
Private Sale Allocation	1,120,000,000 REEF
Private Sale Token Price	0.00125 USD / REEF
Private Sale Amount Raised	1,400,000 USD

3.2 Token allocation

Token Name	REEF
Binance Launchpool	3.00% of the total token supply
Seed Sale	7.14% of the total token supply
Strategic Sale	8.33% of the total token supply
Private Sale	5.60% of the total token supply
Team	16.00% of the total token supply
Ecosystem Development	12.40% of the total token supply
Protocol Emissions & Liquidity Rewards	29.96% of the total token supply
Foundation	17.57% 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 and reputable network validators.
Organizing and participating in various crypto workshops, hackathons and blockchain events to build more engagement with blockchain developers, node operators, artists, Reef users and its community.
Providing dApps showcases, hosting educational webinars and competitions
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 a registry of dApps and educating its community about the new exciting products being built on Reef Chain
Expanding the validator set to 100+ validators and opening easier proxy staking mechanisms for newcomers who want to participate in the Reef chain governance and earn rewards.
Educating the community through videos and blog posts about NFTs, DeFi and gaming and helping users understand the new landscape and the risks involved.