|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|
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.
|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|
|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 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:
Future community growth strategies of Reef Finance include: