Polkadot is a new blockchain protocol that will allow for the creation of many different blockchains on top of it, which are called “child chains”. The project has been in development since 2016 and recently released their testnet.
The reef token burn is a cross chain Defi built on the Polkadot network. It is a decentralized exchange designed to be used by the Reef Token community.
The REEF coin was just launched on Binance, the world’s finest cryptocurrency exchange. With the USDT and BTC pairing, active trading on finance has begun. (REEF/USDT, REEF/BTC)
- The first token to be built using Polkadot was REEF.
- In 2021, the REEF coin is anticipated to be worth more than $0.05 USD.
Trading using liquidity from both centralized and decentralized exchanges is made possible by a smart liquidity aggregator and yield engine. Polkadot is a multi-chain smart yield engine and liquidity aggregator.
Binance Exchange claims that
Pools that are backed up:
- 360,000,000 REEF in prizes if you stake BNB (60 percent )
- 180,000,000 REEF in incentives if you stake DOT (30 percent )
- 60,000,000 REEF in prizes if you stake BUSD (10 percent )
- Farming Period: December 23, 2020 at 0:00 a.m. (UTC) through January 21, 2021 at 11:59 p.m. (UTC).
Distribution of Agriculture
|Timetables (0:00:00 to 23:59:59 UTC each day)||Total Daily Bonuses||Daily BNB Pool Rewards||Daily BUSD Pool Rewards||Daily DOT Pool Rewards|
|Dates: December 23, 2020 – December 28, 2020||REEF 50,000,000||REEF 30,000,000||REEF 5,000,000||REEF 15,000,000|
|2021/01/05 – 2020/12/29||REEF 15,000,000||REEF 9,000,000||REEF 1,500,000||REEF 4,500,000|
|– – – – – – – – – – – – –||REEF 11,250,000||REEF 6,750,000||REEF 1,125,000||REEF 3,375,000|
REEF Token News from Binance
By staking DOT, BUSD, and BNB, you may earn REEF tokens.
REEF in Action:
- Fees for Protocols
- Distribution by Yeild
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The reef coin news today is a cryptocurrency that has been built on the Polkadot network. The token was created to be used as a cross chain defi, and can also be used as an exchange medium for trading other cryptocurrencies.
Frequently Asked Questions
How much will Reef token be worth?
The current price of Reef token is $0.0014.
What is Reef DeFi?
Reef Defi is a competitive multiplayer first-person shooter, developed by the team at Reverge Labs.
For more, you can check out https://defiswap.io/.