Reef (REEF) Reaches Market Capitalization of $41.16 Million

Reef (REEF) traded up 6.1% against the dollar during the 1 day period ending at 16:00 PM Eastern on September 12th. During the last seven days, Reef has traded 67.3% higher against the dollar. Reef has a market capitalization of $41.16 million and $33.90 million worth of Reef was traded on exchanges in the last day. One Reef coin can now be purchased for approximately $0.0018 or 0.00000003 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 6.9% lower against the dollar and now trades at $0.0534 or 0.00000092 BTC.

About Reef

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

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 purchase alternative cryptocurrencies such as Reef directly using US dollars. Investors seeking to trade Reef should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Reef using one of the aforementioned exchanges.

REEF/USD price chart by TradingView