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Reef is a Reliable Extensible Efficient Fast Layer-1 Blockchain for DeFi, NFT & Gaming. Built using Substrate Framework, it provides high scalability, enabling almost instant low-cost transactions, and supports Solidity and EVM, allowing developers to seamlessly migrate their DApps from Ethereum without any change in the codebase.

Reef Chain is the most advanced EVM-compatible blockchain. It's self-upgradable and has on-chain governance. Its infrastructure also allows for EVM extensions which allows for native token bridge, scheduled calls (ie. recurring payments), and smart contract in-place code upgrades. In the near future, it will support additional VMs which will allow developers to write code in multiple programming languages. The network runs on a Nominated Proof-of-Stake (NPoS) consensus mechanism, which offers scalability and low fees.

REEF is the native token that is used for:

Reef is backed by multiple leading funds and venture capitalists including NGC, QCP, Bitcoin.com, Kenetic Capital, LD Capital, TRG Capital, Krypital Group, Genesis Block, Woodstock Fund and others.

Reef Chain development tools include:

Reef Chain is a smart contract blockchain, backwards compatible with EVM and Solidity, designed to make DeFi, NFT and Gaming easy for everyone. At present, REEF has a circulating supply of 14,807,552,172 tokens while 38.2% of the Reef Chain supply is staked. Reef Chain today has over 23 validators. The current inflation of the supply is 8.3%

Reef was founded by Denko Mancheski. His motivation was to build the most advanced blockchain for retail investors who want to get involved with DeFi, NFTs and Gaming.

Mancheski wanted to help cryptocurrency newcomers overcome the complexities associated with interacting with a blockchain and understanding new concepts such as DeFi and NFTs. Additionally, the ability to give access many bridges to other blockchains so that funds and liquidity can easily be ported to Reef Chain, allowing retail investors to take advantage of high scalability and low fees.

Born in Macedonia, Mancheski said that his passion for FinTech led to him being introduced to blockchain technology. He has described forming a competent team as the biggest challenge associated with bringing Reef to life.

When asked about the personal attributes that will help him become a successful entrepreneur, he added: “I have a very addictive personality — I just can’t stop doing something until I get to the goal that I set for myself.”

Binance offers the largest number of pairs as of September 2020 offering trading against USDT, BTC, and BUSD, while Huobi Global also offers Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) options.

It has also been listed on Gate.io and Bitfinex. Bitfinex also supports Reef Chain.

REEF can also be acquired through decentralized exchanges such as 1inch and Uniswap.

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Reef is geared towards cryptocurrency newcomers, alongside existing DeFi users who find it difficult to keep up with maintaining funds and wallets across multiple blockchains. The team has tackled the high gas fees seen on the Ethereum blockchain by building on Substrate, which enable almost instant transactions and low costs, where some claim Ethereum’s fees renders DeFi protocols “unusable.”

What makes the Reef chain unique is that any DeFi protocol that has already deployed on Ethereum or an EVM-compatible network can run on Reef with just a few changes to the code. Since Reef Chain straddles this intersection between Ethereum and Polkadot, along with bridges to other blockchains, the Reef ecosystem can be accessed by anyone with a Web3 wallet that is interested in accessing dApps on Reef.

Because of how it has been built on Substrate, Reef is extensible and can have support for multiple VMs (Virtual Machines) as well as extension for existing popular VMs such as EVM (Ethereum Virtual Machine). It has on-chain upgrades functionality so any new features are easily pushed through the networking layer, but also on-chain governance.

Reef uses a Nominated Proof of Stake system to bond to potential validators, nominate potential validators, and to secure the Reef network. This allows for low cost, almost instant transactions with finality achieved in 10 seconds on average.

For those without the technical skills to run a Validator node, they can be a Nominator. Nominators secure the Reef Relay Chain by selecting good validators and staking REEF.

Being a Validator requires technical expertise, staking REEF, and running a node 24 hours a day, 7 days a week, 365 days a year with high availability. Validators that cannot maintain performance or up time have their stakes slashed, as do their Nominators.

While REEF are staked by nominating a Validator, they are ‘locked’ (bonded). Nominators can receive new REEF in their wallet, but cannot stake as a Validator or transfer REEF away from their wallet. Nominators can un-nominate at any time to stop staking their funds, which becomes effective in the next era. Un-nominating does not automatically unbond funds. There is an unbonding period of 28 days on Reef before bonded funds can be transferred after issuing an unbond transaction.

Learn more about Reef here.

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INFO: Full form for TAPE is ToolApe in Cryptocurrency category
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INFO: Full form for TREAT is Treat DAO [old] in Cryptocurrency category
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INFO: Full form for TREAT is Treat in Cryptocurrency category
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INFO: Full form for AFEN is AFEN Blockchain in Cryptocurrency category
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INFO: Full form for CLOUT is BLOCKCLOUT in Cryptocurrency category
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INFO: Full form for DRIVE is Safe Drive in Cryptocurrency category
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INFO: Full form for AART is ALL.ART protocol in Cryptocurrency category
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INFO: Full form for SPAT is Meta Spatial in Cryptocurrency category
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INFO: Full form for MTDR is Matador Token in Cryptocurrency category
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INFO: Full form for DIGI is Digible in Cryptocurrency category
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ETNA Game also known as ETNA Network is an ecosystem of interconnected products in DeFi, Gaming and NFT. We are the first platform that accepts gaming NFTs as collateral for loans. ETNA's game is not just a play-to-earn but a metaverse called EtnaVerse, a city of lost treasure. People can own lands, castles, passages, creatures of transport, treasure maps and more. reference

The Warp Protocol’s primary objective is to create a novel use case for unused Liquidity Provider (LP) tokens by allowing them to be used as collateral for borrowing. So far, it wasn’t possible to effectively use your LP tokens and we want to unlock additional benefits of LP tokens for DeFi users. On Uniswap alone, there is currently $3.98 billion locked in LP tokens and our platform allows LPs to increase the capital efficiency of their liquidity or even modify their exposure. reference

The Immutable Network explores the best available tech and creates simple knowledge preservation products which everyone can use for free.

DARA is the Utility token of The Immutable Network that ushers in a new class of free product which enables people to reclaim what is rightfully theirs — words, photos, artwork — all those things that make us human.

The Immutable cherry-picks the best available technologies to create simple products anyone in the world can use for free to save their creative content forever.

The greatest barrier to entry for blockchain technology is that almost everything costs money, and is complex to use.

The Immutable solves this problem with the use of an innovative decentralized freemium model. The core features of our products, like saving to IPFS, are absolutely free. Premium features, like storing IPFS hashes to BSC or ETH, have a very small fee.

The Immutable Network has a DAO whose members vote on new product development proposals, and current product updates. The Immutable uses its DAO Fund (which starts with 10% of tokens vested over 12 months) to pay for its own IPFS cluster and fund development of new products proposed by third party developers. Therefor, The Immutable also operates as a decentralized incubator.

INFO: Full form for GAIA is GAIA Everworld in Cryptocurrency category
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INFO: Full form for NSR is NuShares in Cryptocurrency category
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INFO: Full form for LCDP is La Casa De Papel in Cryptocurrency category
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INFO: Full form for BSCS is BSC Station in Cryptocurrency category
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INFO: Full form for REEC is Renewable Electronic Energy Coin in Cryptocurrency category
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Nasdacoin (NSD) is an encrypted and decentralized virtual currency. It is open source, point-to-point, and was developed with the scrypt algorithm in the POW/POS Hybrid format. Nasdacoin can be mined by anyone, anywhere in the world using Asic mining or Rig (CPU/ GPU). Nasdacoin also has its own exchange where community users can transact with NSD and other cryptocurrencies. reference

INFO: Full form for FACT is Fee Active Collateral Token in Cryptocurrency category
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INFO: Full form for TIGER is Tigerfinance in Cryptocurrency category
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INFO: Full form for HAMS is Space Hamster in Cryptocurrency category
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INFO: Full form for DOGS is Doggy Swap in Cryptocurrency category
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INFO: Full form for MORPH is Morpheus Token in Cryptocurrency category
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INFO: Full form for LIME is iMe Lab in Cryptocurrency category
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INFO: Full form for HELP is Helpico in Cryptocurrency category
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GoHelpFund (HELP) is a cryptocurrency . GoHelpFund has a current supply of 23,000,000 with 12,147,167.052895 in circulation. The last known price of GoHelpFund is 0.00139793 USD and is down -0.70 over the last 24 hours. It is currently trading on 3 active market(s) with $0.00 traded over the last 24 hours. More information can be found at https://gohelpfund.com. reference

INFO: Full form for ARCT is ArbitrageCT in Cryptocurrency category
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INFO: Full form for MASH is Marshmallowdefi in Cryptocurrency category
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ShowHand (HAND) is a cryptocurrency and operates on the Ethereum platform. ShowHand has a current supply of 403,000,000,000 with 61,912,434,418 in circulation. The last known price of ShowHand is 0.0000382 USD and is down -0.72 over the last 24 hours. It is currently trading on 4 active market(s) with $44.75 traded over the last 24 hours. More information can be found at https://www.showhand.io. reference

INFO: Full form for DEF is DEFFECT in Cryptocurrency category
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INFO: Full form for BRIGHT is Bright Token in Cryptocurrency category
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INFO: Full form for BRIGHT is Bright Union in Cryptocurrency category
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INFO: Full form for TRDC is Traders coin in Cryptocurrency category
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INFO: Full form for SHERPA is Sherpa in Cryptocurrency category
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INFO: Full form for INFS is Infinity Esaham in Cryptocurrency category
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INFO: Full form for BELT is Belt Finance in Cryptocurrency category
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INFO: Full form for OPM is Omega Protocol Money in Cryptocurrency category
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INFO: Full form for MESA is myMessage in Cryptocurrency category
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INFO: Full form for MINT is Mint Club in Cryptocurrency category
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MintCoin (MINT) is a cryptocurrency . MintCoin has a current supply of 24,947,260,807.982101 with 0 in circulation. The last known price of MintCoin is 0.00012897 USD and is down -7.21 over the last 24 hours. It is currently trading on 1 active market(s) with $0.00 traded over the last 24 hours. More information can be found at http://www.mintcoinofficial.eu/. reference

INFO: Full form for MINT is Public Mint in Cryptocurrency category
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INFO: Full form for MINT is Mintea in Cryptocurrency category
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INFO: Full form for MARS is Mars Network in Cryptocurrency category
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INFO: Full form for MARS is Marscoin in Cryptocurrency category
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INFO: Full form for MVI is Metaverse Index in Cryptocurrency category
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