What is Reef DeFi (REEF) | What is Reef DeFi token | What is REEF token
When a new industry moves fast it is to some degree expected to be fragmented. This means that if you want to do a certain thing which has to cover multiple aspects, you have to connect the dots yourself. Just like in banking and finance, if you would like to open multiple bank accounts in different currencies and different countries and send money between those accounts it requires many steps and there are many institutions in the middle including payment protocols (SEPA), account types (US checking, EU IBAN) and currency exchange providers.
Now, add buying financial securities and the journey becomes even more complex. That is why it has been hard and has taken decades to onboard retail investors in the stock market. The only way those guys participated was through middleman institutions who were taking huge commissions on both the management and the performance. Now, we have unicorns like Revolut and TransferWise connecting all those aspects together in a simple UI — problem solved.
We see this happening in the DeFi landscape as well: the landscape has a high entry level for investors. They are confused when it comes to managing multiple wallets, transferring back and forth with fear of losing their money if they make a mistake, using 5 different UIs from different providers to do 4 things, etc. Then add the different instruments that they can get exposed to and how complex the finance behind it is, and you get a big confusion which leads to resistance to participating in the landscape. Reef’s plan is to change this.
VALIDATION FOR THE DEMAND FOR REEF
When was there validation for the idea behind Reef? Others did not see how users could leverage the new technology which finally enables interoperability and freedom to connect things that are still impossible — we did. The Reef team has a long experience of working together. There is a lot of energy invested in the relationships in this team. We have been working in the blockchain and finance landscape together and have already worked on some of the components that Reef has. On the blockchain and finance side, the team has been building trading algorithms (long/short, arbitrage, market-making), analytics tools used by crypto funds as well as software for blockchains like (NXT, Ethereum, Steem, Bitshares).
A reef is a shoal of rock, sand, coral or similar material, lying beneath the surface of water. At the coral reef, you can see the whole sea life in a single sight. Reef’s vision is to be the go-to place when it comes to DeFi. The nature of the idea involves partnering with different projects in the ecosystem. Through this, we will have access to the whole crypto community in bringing about a larger vision of simplicity for the end user.
REEF TO FOSTER MAINSTREAM ADOPTION
As developers, we get consumed into the tech, not thinking about how an everyday user would interact with it. Then, as a developer community, we build on top of each others’ tech. You come back a few years later, and you find a pile of technological complexity and new terms assigned to complex concepts (used internally between the developers to reference different points in the system). If we had some visionary like Steve Jobs who always started from the user’s perspective, it could have been a whole different story now.
For some reason, we (as developers) expect that the users will adapt to the new way of interacting with tech, but this just does not happen. That is why this landscape has been struggling with its user base. No matter how hard we try to present the value proposition, the real users are just incapable of consuming so much complexity. The resistance of using the tech becomes higher and higher, and they are missing out on the development of the new financial era. Reef’s goal is to abstract the complex tech powering the landscape and create a space where everyone can safely participate. This will open doors for new innovation and accelerate the maturity and stability of the ecosystem.
From non tech-savvy user to experienced blockchain developers, Reef will provide an opportunity for everyone to participate in the DeFi revolution. Uniting all fronts is the only way to show the full value proposition of decentralization and pave the way for the new financial world. Only once we are free from the claws of the current dysfunctional and corrupt financial world, we can build the future that we deserve. It is during our darkest moments that we must focus to see the light.
About Reef
Reef is the first cross-chain DeFi operating system built on Polkadot. With a seamless user interface, Reef offers its users a smart liquidity aggregator and yield engine that enables trading with access to liquidity from both CEXes and DEXes while offering smart lending, borrowing, staking, mining through AI driven personalized Reef Yield Engine.
WHY REEF
Liquidity problem where the centralized exchanges are isolated and prone to hack while the DEXes have no liquidity and difficult to use. The DeFi ecosystem also faces a fragmentation problem, where users have to manage multiple addresses on multiple platforms, to access their assets and data, they have to navigate to these platforms individually.
Reef is a smart liquidity aggregator and yield engine that enables trading with access to liquidity from both CEXes and DEXes while offering smart lending, borrowing, staking, mining through AI driven personalized Reef Yield Engine.
POWERED BY POLKADOT
Reef.Finance is secured under Polkadot’s shared security model, ensuring high resilience and forkless upgradable.
A decentralized network governed entirely by Reef Token holders via DAO to achieve a transparent future: a future based on more truth and less trust.
source : Genesis Block HK
Would you like to earn REEF right now! ☞ CLICK HERE
How and Where to Buy Reef DeFi (REEF)?
REEF has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy REEF
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
After the deposit is confirmed you may then purchase REEF from the exchange.
Exchange: Binance, Huobi Global, Mexo Exchange, HitBTC, and CoinBene
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once REEF gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ Binance ☞ Bittrex ☞ Poloniex ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT ☞ Gate.io ☞ Coinbase
Find more information REEF
☞ Website
☞ Source Code
☞ Social Channel
☞ Message Board
☞ Coinmarketcap
Would you like to earn REEF right now! ☞ CLICK HERE
Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!
#blockchain #bitcoin #cryptocurrency #reef #defi
