Reef Achieves Market Cap of $24.31 Million (REEF)

Reef (REEF) traded 1.3% lower against the U.S. dollar during the 24 hour period ending at 8:00 AM Eastern on December 28th. Reef has a total market capitalization of $24.31 million and $3.81 million worth of Reef was traded on exchanges in the last day. One Reef coin can currently be purchased for approximately $0.0011 or 0.00000001 BTC on major exchanges. Over the last week, Reef has traded 3.7% higher against the U.S. dollar.

Here’s how related cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 1.9% lower against the dollar and now trades at $94,329.20 or 0.99825689 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 2.2% lower against the dollar and now trades at $93,873.81 or 0.99343765 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

About Reef

REEF uses the hashing algorithm. It launched on December 1st, 2020. Reef’s total supply is 22,821,409,581 coins. The Reddit community for Reef is https://reddit.com/r/reefdefi and the currency’s Github account can be viewed here. The official website for Reef is reef.io. Reef’s official Twitter account is @reef_chain and its Facebook page is accessible here. Reef’s official message board is blog.reef.io.

According to CryptoCompare, “Reef (REEF) is a blockchain-based platform streamlining DeFi access through a cross-chain liquidity aggregator and yield engine. Created by Denko Mancheski, it supports multiple blockchains, including Ethereum, Binance Smart Chain, and Polkadot. REEF is the native utility token on Reef chain, used for transaction fees (gas), on-chain governance (NPoS and PoC), and collateral within the ecosystem. With a flexible supply, its deflationary fee burn model offsets governance and chain running costs. Users can stake REEF tokens to participate in governance and earn rewards. Reef chain is an advanced smart contracts blockchain, backwards-compatible with Ethereum EVM, featuring runtime upgradability, on-chain governance, and high throughput. ERC-20 REEF tokens can be converted to Reef chain native tokens via Gate.io exchange. Reef’s goal is to simplify DeFi by offering a single location for lending, borrowing, staking, and trading.”

Buying and Selling Reef

It is usually not presently possible to buy alternative cryptocurrencies such as Reef directly using U.S. dollars. Investors seeking to acquire Reef should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Reef using one of the aforementioned exchanges.

REEF/USD price chart by TradingView