BITCOIN

₹54,50,761.50

0.377%

ETHEREUM

₹2,92,970.26

0.007%

TETHER USDT

₹93.02

0.006%

BNB

₹49,206.45

1.347%

SOLANA

₹12,959.40

0.433%

USDC

₹93.00

0.004%

XRP

₹49.83

14.056%

DOGECOIN

₹10.36

3.222%

CARDANO

₹40.74

5.45%

TRON

₹13.14

3.197%

AVALANCHE

₹2,394.70

0.092%

SHIBA INU

₹0.001602

4.032%

POLKADOT

₹581.31

2.891%

CHAINLINK

₹1,205.03

1.68%

BITCOIN CASH

₹34,600.52

3.09%

NEAR PROTOCOL

₹476.31

0.515%

POLYGON

₹49.28

4.325%

LITECOIN

₹6,463.22

0.264%

UNISWAP

₹755.93

0.78%

INTERNET COMPUTER

₹771.03

12.587%

BITCOIN

₹54,50,761.50

0.377%

ETHEREUM

₹2,92,970.26

0.007%

TETHER USDT

₹93.02

0.006%

BNB

₹49,206.45

1.347%

SOLANA

₹12,959.40

0.433%

USDC

₹93.00

0.004%

XRP

₹49.83

14.056%

DOGECOIN

₹10.36

3.222%

CARDANO

₹40.74

5.45%

TRON

₹13.14

3.197%

AVALANCHE

₹2,394.70

0.092%

SHIBA INU

₹0.001602

4.032%

POLKADOT

₹581.31

2.891%

CHAINLINK

₹1,205.03

1.68%

BITCOIN CASH

₹34,600.52

3.09%

NEAR PROTOCOL

₹476.31

0.515%

POLYGON

₹49.28

4.325%

LITECOIN

₹6,463.22

0.264%

UNISWAP

₹755.93

0.78%

INTERNET COMPUTER

₹771.03

12.587%

BITCOIN

₹54,50,761.50

0.377%

ETHEREUM

₹2,92,970.26

0.007%

TETHER USDT

₹93.02

0.006%

BNB

₹49,206.45

1.347%

SOLANA

₹12,959.40

0.433%

USDC

₹93.00

0.004%

XRP

₹49.83

14.056%

DOGECOIN

₹10.36

3.222%

CARDANO

₹40.74

5.45%

TRON

₹13.14

3.197%

AVALANCHE

₹2,394.70

0.092%

SHIBA INU

₹0.001602

4.032%

POLKADOT

₹581.31

2.891%

CHAINLINK

₹1,205.03

1.68%

BITCOIN CASH

₹34,600.52

3.09%

NEAR PROTOCOL

₹476.31

0.515%

POLYGON

₹49.28

4.325%

LITECOIN

₹6,463.22

0.264%

UNISWAP

₹755.93

0.78%

INTERNET COMPUTER

₹771.03

12.587%

BITCOIN

₹54,50,761.50

0.377%

ETHEREUM

₹2,92,970.26

0.007%

TETHER USDT

₹93.02

0.006%

BNB

₹49,206.45

1.347%

SOLANA

₹12,959.40

0.433%

USDC

₹93.00

0.004%

XRP

₹49.83

14.056%

DOGECOIN

₹10.36

3.222%

CARDANO

₹40.74

5.45%

TRON

₹13.14

3.197%

AVALANCHE

₹2,394.70

0.092%

SHIBA INU

₹0.001602

4.032%

POLKADOT

₹581.31

2.891%

CHAINLINK

₹1,205.03

1.68%

BITCOIN CASH

₹34,600.52

3.09%

NEAR PROTOCOL

₹476.31

0.515%

POLYGON

₹49.28

4.325%

LITECOIN

₹6,463.22

0.264%

UNISWAP

₹755.93

0.78%

INTERNET COMPUTER

₹771.03

12.587%

BITCOIN

₹54,50,761.50

0.377%

ETHEREUM

₹2,92,970.26

0.007%

TETHER USDT

₹93.02

0.006%

BNB

₹49,206.45

1.347%

SOLANA

₹12,959.40

0.433%

USDC

₹93.00

0.004%

XRP

₹49.83

14.056%

DOGECOIN

₹10.36

3.222%

CARDANO

₹40.74

5.45%

TRON

₹13.14

3.197%

AVALANCHE

₹2,394.70

0.092%

SHIBA INU

₹0.001602

4.032%

POLKADOT

₹581.31

2.891%

CHAINLINK

₹1,205.03

1.68%

BITCOIN CASH

₹34,600.52

3.09%

NEAR PROTOCOL

₹476.31

0.515%

POLYGON

₹49.28

4.325%

LITECOIN

₹6,463.22

0.264%

UNISWAP

₹755.93

0.78%

INTERNET COMPUTER

₹771.03

12.587%

BITCOIN

₹54,50,761.50

0.377%

ETHEREUM

₹2,92,970.26

0.007%

TETHER USDT

₹93.02

0.006%

BNB

₹49,206.45

1.347%

SOLANA

₹12,959.40

0.433%

USDC

₹93.00

0.004%

XRP

₹49.83

14.056%

DOGECOIN

₹10.36

3.222%

CARDANO

₹40.74

5.45%

TRON

₹13.14

3.197%

AVALANCHE

₹2,394.70

0.092%

SHIBA INU

₹0.001602

4.032%

POLKADOT

₹581.31

2.891%

CHAINLINK

₹1,205.03

1.68%

BITCOIN CASH

₹34,600.52

3.09%

NEAR PROTOCOL

₹476.31

0.515%

POLYGON

₹49.28

4.325%

LITECOIN

₹6,463.22

0.264%

UNISWAP

₹755.93

0.78%

INTERNET COMPUTER

₹771.03

12.587%

BITCOIN

₹54,50,761.50

0.377%

ETHEREUM

₹2,92,970.26

0.007%

TETHER USDT

₹93.02

0.006%

BNB

₹49,206.45

1.347%

SOLANA

₹12,959.40

0.433%

USDC

₹93.00

0.004%

XRP

₹49.83

14.056%

DOGECOIN

₹10.36

3.222%

CARDANO

₹40.74

5.45%

TRON

₹13.14

3.197%

AVALANCHE

₹2,394.70

0.092%

SHIBA INU

₹0.001602

4.032%

POLKADOT

₹581.31

2.891%

CHAINLINK

₹1,205.03

1.68%

BITCOIN CASH

₹34,600.52

3.09%

NEAR PROTOCOL

₹476.31

0.515%

POLYGON

₹49.28

4.325%

LITECOIN

₹6,463.22

0.264%

UNISWAP

₹755.93

0.78%

INTERNET COMPUTER

₹771.03

12.587%

BITCOIN

₹54,50,761.50

0.377%

ETHEREUM

₹2,92,970.26

0.007%

TETHER USDT

₹93.02

0.006%

BNB

₹49,206.45

1.347%

SOLANA

₹12,959.40

0.433%

USDC

₹93.00

0.004%

XRP

₹49.83

14.056%

DOGECOIN

₹10.36

3.222%

CARDANO

₹40.74

5.45%

TRON

₹13.14

3.197%

AVALANCHE

₹2,394.70

0.092%

SHIBA INU

₹0.001602

4.032%

POLKADOT

₹581.31

2.891%

CHAINLINK

₹1,205.03

1.68%

BITCOIN CASH

₹34,600.52

3.09%

NEAR PROTOCOL

₹476.31

0.515%

POLYGON

₹49.28

4.325%

LITECOIN

₹6,463.22

0.264%

UNISWAP

₹755.93

0.78%

INTERNET COMPUTER

₹771.03

12.587%

BITCOIN

₹54,50,761.50

0.377%

ETHEREUM

₹2,92,970.26

0.007%

TETHER USDT

₹93.02

0.006%

BNB

₹49,206.45

1.347%

SOLANA

₹12,959.40

0.433%

USDC

₹93.00

0.004%

XRP

₹49.83

14.056%

DOGECOIN

₹10.36

3.222%

CARDANO

₹40.74

5.45%

TRON

₹13.14

3.197%

AVALANCHE

₹2,394.70

0.092%

SHIBA INU

₹0.001602

4.032%

POLKADOT

₹581.31

2.891%

CHAINLINK

₹1,205.03

1.68%

BITCOIN CASH

₹34,600.52

3.09%

NEAR PROTOCOL

₹476.31

0.515%

POLYGON

₹49.28

4.325%

LITECOIN

₹6,463.22

0.264%

UNISWAP

₹755.93

0.78%

INTERNET COMPUTER

₹771.03

12.587%

BITCOIN

₹54,50,761.50

0.377%

ETHEREUM

₹2,92,970.26

0.007%

TETHER USDT

₹93.02

0.006%

BNB

₹49,206.45

1.347%

SOLANA

₹12,959.40

0.433%

USDC

₹93.00

0.004%

XRP

₹49.83

14.056%

DOGECOIN

₹10.36

3.222%

CARDANO

₹40.74

5.45%

TRON

₹13.14

3.197%

AVALANCHE

₹2,394.70

0.092%

SHIBA INU

₹0.001602

4.032%

POLKADOT

₹581.31

2.891%

CHAINLINK

₹1,205.03

1.68%

BITCOIN CASH

₹34,600.52

3.09%

NEAR PROTOCOL

₹476.31

0.515%

POLYGON

₹49.28

4.325%

LITECOIN

₹6,463.22

0.264%

UNISWAP

₹755.93

0.78%

INTERNET COMPUTER

₹771.03

12.587%

Home

/

Coins

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Reef

REEF

Reef Finance

REEF

₹0.12

LIVE

24H Low ₹0.11

24H High ₹0.12

Price of REEF today

The current live price of REEF today is ₹0.12, with a 24-hour trading volume of ₹75,65,09,917.32. Our REEF to INR price is updated in real-time. REEF has seen a increment of 3.17% in the last 24 hours. With a live market cap of ₹2,71,21,76,194.77 , the circulating supply is at 22,821,409,581 REEF coins, with a maximum supply of 22,821,409,581REEF coins.

Reef Finance Price History

Date ComparisonAmount Change% Change
Today₹0.002604

2.25%

7 Days₹0.001116

0.95%

30 Days-₹0.04

26.67%

1 Year-₹0.04

26.8%

Reef Finance Price Information

Price Change (1hr)

2.75%

Price Change (24hr)

2.25%

Price Change (7d)

0.95%

Reef Finance Market Stats

Market Cap

₹2,71,21,76,194.77

Fully Diluted Market Cap

₹2,71,21,76,194.77

24hr Volume

₹75,65,09,917.32

21.76%

Circulating Supply

22821409581 REEF

Total Supply

22821409581 REEF

Things to know about Reef Finance

What is Reef (REEF)?

REEF is the native utility token of Reef Finance, which is a layer-1 blockchain platform designed for decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming. Built on the Substrate framework, Reef chain is EVM-compatible, allowing for high scalability, low-cost transactions, and support for Solidity, enabling developers to migrate their decentralized applications (DApps) from Ethereum without codebase changes. The platform aims to offer a smart liquidity aggregator and yield engine, providing users with access to liquidity from both centralized and decentralized sources.

Tokenomics

  • Circulating Supply:

  • 22,821,409,581 REEF

  • Total Supply:

  • 22,821,409,581 REEF

  • Purpose:

  • REEF tokens are used for transaction fees, staking, participating in governance, and as rewards within the Reef ecosystem. The token also plays a role in the network’s security through the Nominated Proof of Stake consensus mechanism.

Market Data

As of today #{today’s date}, the price of Reef Finance is ₹0.12 INR or 0.001273 USD, with a 24-hour trading volume of 8134515.24 USD. The market capitalization for Reef Finance is 29163184.89USD. The circulating supply is 22821409581 Reef Finance, with the total supply also being 22821409581 Reef Finance.

Token Pros and Cons

Pros:

  • EVM Compatibility:

  • Allows for easy migration of Ethereum-based DApps without code changes.

  • Scalability:

  • High transaction throughput and low fees due to its Substrate framework.

  • Governance Participation:

  • Token holders can participate in the governance of the network.

  • Liquidity Aggregation:

  • Access to liquidity from both centralized and decentralized sources.

  • Deflationary Mechanism:

  • Transaction fees are burned, which could potentially increase the token’s value over time.

Cons:

  • Market Volatility:

  • As with all cryptocurrencies, REEF is subject to high market volatility.

  • Regulatory Risks:

  • Changes in cryptocurrency regulations could impact the token’s utility and value.

  • Technical Risks:

  • Potential bugs or vulnerabilities in the blockchain or smart contracts could pose risks.

  • Competition:

  • Faces competition from other DeFi platforms and EVM-compatible chains.

  • Adoption:

  • The success of the token is heavily dependent on the adoption and usage of the Reef platform.

Why Should You Invest in the Coin?

  • Innovative Technology:

  • Reef chain’s use of Substrate and EVM extensions offers advanced blockchain technology.

  • Cross-Chain Capabilities:

  • The platform’s ability to integrate with multiple DeFi protocols could position it as a key player in the DeFi space.

  • Community Governance:

  • The community-driven governance model may lead to a more democratic and sustainable development.

  • Deflationary Aspect:

  • The burning of transaction fees could potentially lead to an appreciation of the token’s value.

  • Backing by VCs:

  • Reef has the support of leading funds and venture capitalists, which could indicate strong project fundamentals.

USP of the coin

  • Substrate Framework:

  • Offers a high degree of customization and upgradability without the need for hard forks.

  • Multi-Chain Accessibility:

  • Provides users with a gateway to DeFi through its liquidity and protocol aggregation.

  • Self-Upgradable Infrastructure:

  • Reef chain can perform fork-less scheduled updates, ensuring the network remains cutting-edge.

Problem the coin is solving

Reef Finance aims to address the complexity and fragmentation in the current DeFi landscape by providing a unified platform that aggregates liquidity and offers multi-chain accessibility. It simplifies the user experience for investors, traders, and developers by offering a single entry point to various DeFi services.

Founder and team background

The founder and CEO of Reef Finance is Denko Mancheski.

ICO Price

The ICO price for REEF was $0.0009 during the private sale, with different prices for seed funding rounds.

Risks Associated in Investing in the Coin

  • Market Risk:

  • The value of REEF can be highly volatile and unpredictable.

  • Liquidity Risk:

  • There may be times when it is difficult to buy or sell the token at desired prices.

  • Regulatory Risk:

  • Changes in laws and regulations could negatively impact REEF’s utility or legality.

  • Technical Risk:

  • The platform may face technical issues or security vulnerabilities.

  • Adoption Risk:

  • The long-term success of REEF depends on widespread adoption within the DeFi ecosystem.

Summary of the Whitepaper

Reef Finance introduces a DeFi operating system that integrates a smart liquidity aggregator and a yield engine to streamline the process of trading, lending, borrowing, staking, and mining crypto assets. The platform is designed to provide a seamless experience for users by aggregating liquidity from various sources, including centralized exchanges (CEXs) and decentralized exchanges (DEXs), and by automating the management of crypto assets through an AI-driven trading engine.

The whitepaper outlines the major components of the Reef platform:

  • Global Liquidity Aggregator:

  • Reef aggregates liquidity from both CEXs and DEXs into a single global pool, allowing users to access the best trading options through a unified interface. The platform aims to overcome the limitations of existing liquidity sources, such as the security risks associated with CEXs and the low liquidity and high slippage of DEXs.

  • Smart Yield Farming Aggregator:

  • The platform features an AI-driven personalized engine that simplifies the process of yield farming. It enables users to engage in smart lending, borrowing, staking, and mining, optimizing yield within each risk category.

  • Smart Asset Management:

  • Reef offers powerful portfolio management tools, including active asset rebalancing and guided asset management. The platform allows users to adjust their asset allocations through a modern UI and provides diversification through a basket system that reallocates pooled assets across different DeFi asset classes.

The whitepaper also discusses the implementation framework of the Reef platform, highlighting the advantages of the Polkadot network, such as high resilience and forkless upgradability. Reef operates under Polkadot’s shared security model, ensuring a secure and efficient environment for DeFi operations.

Reef’s token economy is another focal point of the whitepaper. The Reef token (REEF) serves as the backbone of the platform’s protocol incentive structure, staking and governance, and yield distribution. Token holders can participate in governance decisions through a Decentralized Autonomous Organization (DAO), contributing to a transparent and trustless future for the platform.

The whitepaper addresses the challenges faced by the DeFi market, including the liquidity problem and the fragmentation problem. Liquidity is crucial for the proper functioning of markets, and Reef’s approach to aggregating liquidity aims to solve the “chicken and egg” problem of bootstrapping new markets. The fragmentation problem in DeFi arises from the complexity of using different platforms and products, which Reef intends to consolidate into a more accessible and efficient ecosystem.

Reef’s proposed solution to these problems is a non-custodial, decentralized protocol that empowers users to maintain control of their private keys and assets. By operating as a DeFi Operating System, Reef optimizes yield for users without compromising security.

In conclusion, the Reef whitepaper presents a vision for a more integrated and user-friendly DeFi ecosystem. By leveraging liquidity aggregation, AI-driven yield optimization, and smart asset management, Reef Finance aims to provide a comprehensive solution to the current challenges in DeFi, making it more accessible to a wider audience and driving the growth of the cryptocurrency market.

Returns Calculator

One Time
Recurring

Investment Amount

Investment Period

Returns

9300

0%

REEF to Converter

Quantity

REEF

REEF

Price

fiat

Price as per 06:48 PM • 13 Jul 2024

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What is the price of Reef Finance (REEF)?

The current price of Reef Finance (REEF) in INR is ₹0.12 INR.

What is the current REEF market cap?

The current market capitalization of Reef Finance (REEF) is ₹2,71,21,76,194.77 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of REEF by the number of coins in circulation.

What is the current supply of Reef Finance (REEF)?

The current supply of Reef Finance (REEF) is 22821409581 REEF. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of Reef Finance (REEF)?

The 24-hour trading volume of Reef Finance (REEF) in INR is ₹75,65,09,917.32. This figure represents the total value of all REEF transactions across various exchanges within the last 24 hours.

How to Buy Reef Finance (REEF) in India?

To buy Reef Finance (REEF) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in REEF.

Can I buy Reef Finance (REEF) with UPI?

Yes, you can buy Reef Finance (REEF) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert Reef Finance (REEF) to Indian Rupee (INR)?

To convert Reef Finance (REEF) to Indian Rupee (INR), you can use our REEF/INR conversion rates in real time.

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