Name: Reef
Brand: Binance
Availability: InStock

Price of Reef Today

The live price of Reef is $0.000085 per (REEF / USD) with a current market cap of $1.80M USD. 24-hour trading volume is $603,166.62 USD. REEF to USD price is updated in real-time. Reef is -4.88% in the last 24 hours with a circulating supply of 21.02B.

REEF Price History USD

Date Comparison	Amount Change	% Change
Today	$-0.000004	-4.88%
30 Days	$-0.000061	-41.50%
60 Days	$-0.000055	-39.36%
90 Days	$-0.000105	-55.03%

Reef Chart Performance

24h Low & High

Low: $0.000083

High: $0.00009

The highest and lowest price paid for this asset in 24 hours.

All Time High

$0.058406

The highest price paid for this asset since it was launched or listed.

Price Change (1h)

+0.02%

The percentage change in price for this asset compared to 1 hour ago.

Price Change (24h)

-4.88%

The percentage change in price for this asset compared to 24 hours ago.

Price Change (7d)

-3.8%

The percentage change in price for this asset compared to 7 days ago.

24h Low & High

Low: $0.000083

High: $0.00009

All Time High

$0.058406

Price Change (1h)

+0.02%

Price Change (24h)

-4.88%

Price Change (7d)

-3.8%

About Reef (REEF)

Reef Finance is a blockchain-based digitally-existing protocol focused on developing and deploying new and unique decentralized finance products and services. The goal of the network is reported to be centered around lowering the barrier to entry for decentralized finance investing and trade, most notably for newcomers to the digital currency space. Reef was initially developed and deployed on the Ethereum and BNB Chain networks.

Since its public launch in late 2020, Reef Finance has built its blockchain, upon which the protocol is now deployed. Reef chose to build on the Polkadot blockchain network, which enables interoperability with other smart contract-enabled decentralized networks such as Ethereum, BNB Chain, Avalanche, Moonbeam, and Plasma. The protocol was founded in 2019 with the publicly-revealed intention of offering new and experienced investors much more simplified DeFi trading and investing options.

Operations on the Reef Finance platform are powered by its global-reaching native network cryptocurrency. There are also further uses for the Reef network coin. The Reef Finance native cryptocurrency is known by its token ticker $REEF. The current price of Reef coin, $REEF, is updated and available in real-time on Binance.

People Also Ask: Other Questions About Reef

What is REEF Used For?

The Reef Finance network coin - REEF, is used to pay for gas fees assessed to users who transact within the decentralized platform. REEF is also used to pay in exchange for storing data on the platform and other functionalities like staking. Specifically, individuals who wish to operate nodes on the Reef Finance platform can stake or nominate network validators. The Reef Finance staking protocol rewards holders for helping keep the security and efficiency of the network intact.

How Does Network Consensus And Validation Work On Reef?

Reef was developed using the Parity substrate software development kit implemented by the Polkadot blockchain network. This renders the Reef platform interoperable with parachains and a larger Web3 network of chains.

The consensus model used within the network is referred to as Nominated Proof-of-Stake (NPoS). This particular method of network consensus enables token holders to nominate which nodes are given the ability to participate in Proof-of-Stake (PoS) consensus whereby validators stake REEF to be included in the network security protocol.

Who is the Founder of Reef?

Denko Mancheski, a developer with nearly a decade of experience in the blockchain industry, founded Reef in 2019. Reef is a blockchain-based platform that aims to make DeFi more accessible and user-friendly for retail investors. With Mancheski at the helm, Reef has attracted attention for its innovative approach to DeFi and potential to bring decentralized finance to a wider audience.

What is the Maximum Token Supply of REEF?

Reef chain token does not have a fixed supply; however, the target supply at launch was over 20 billion REEF. The total supply of all REEF tokens is currently at 22,821,409,581.

How To Buy Reef (REEF)?

Reef (REEF) can be purchased directly from Binance using a debit or credit card. Reef (REEF) can also be traded for other cryptocurrencies on Binance. Live Reef coin price is updated in real-time on Binance. Additionally, REEF crypto price and purchase information is available for users to read on our How to Buy Reef (REEF) Guide.