All-time High
$0.058
Mar 15, 2021
All-time Low
$0.00017
Apr 09, 2025
Volume(24h)
$3.41M
Turnover rate
38.18%
Market Cap
$8.9214M
FDV
$8.9M
Circulating supply
$21.02B
Total supply
$21.02B
Max supply
Currency Calculator
{{conversion_one_currency}}
{{conversion_two_currency}}
| Exchange | Pairs | Price | Volume (24h) | Volume % | Confidence | Liquidity Score | Earn |
|---|---|---|---|---|---|---|---|
| {{val.marketPair}} | {{decimal(val.price,true,2)}} | {{val.volume24h}} | {{val.volumePercent}} | Low Moderate High | {{val.effectiveLiquidity}} | Buy / Sell |
Community sentiment
26%
74%
Bullish
Bearish
| Exchange | Pair | Price | Volume (24h) | Volume % | Confidence | Liquidity Score | Earn |
|---|---|---|---|---|---|---|---|
| {{val.marketPair}} | {{decimal(val.price,true,2)}} | {{val.volume24h}} | {{val.volumePercent}} | Low Moderate High | {{val.effectiveLiquidity}} | Buy / Sell |
About Reef
How Is the Reef Chain Network Secured?
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.
What Makes Reef Chain Unique?
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.
Where Can I Buy Reef (REEF)?
[Binance](https://coinmarketcap.com/exchanges/binance/) offers the largest number of pairs as of September 2020 offering trading against USDT, BTC, and BUSD, while [Huobi Global](https://coinmarketcap.com/exchanges/huobi-global/) also offers [Bitcoin](https://coinmarketcap.com/currencies/bitcoin/) (BTC), [Ethereum](https://coinmarketcap.com/currencies/ethereum/) (ETH) and [Tether](https://coinmarketcap.com/currencies/tether/) (USDT) options. It has also been listed on [Gate.io](https://coinmarketcap.com/exchanges/gate-io/) and [Bitfinex](https://coinmarketcap.com/exchanges/bitfinex/). Bitfinex also supports Reef Chain. REEF can also be acquired through decentralized exchanges such as [1inch](https://coinmarketcap.com/exchanges/1inch-exchange/) and [Uniswap](https://coinmarketcap.com/exchanges/uniswap-v2/). New to cryptocurrency? Read CoinMarketCap’s [easy guide] (https://coinmarketcap.com/how-to-buy-bitcoin/) to buying Bitcoin or any other token. Here are some other articles that you may be interested in: * [What Are Crypto Debit Cards?](https://coinmarketcap.com/alexandria/article/what-are-crypto-debit-cards) * [What Is Web 3.0?](https://coinmarketcap.com/alexandria/article/what-is-web-3-0) * [What Is Yield Farming?](https://coinmarketcap.com/alexandria/article/what-is-yield-farming) * [What Is Crypto Lending?](https://coinmarketcap.com/alexandria/article/what-is-crypto-lending)
Who Are the Founders of Reef?
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.”
How Many REEF Coins Are There in Circulation?
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%
What Is Reef (REEF)?
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: * Fees for processing transactions and storing data. * Running validator nodes by staking REEF tokens. * Nominating which validator nodes should be part of the network. 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: * Remix and EVM integrated development environments for uploading and deploying smart contracts. * Reefscan blockchain explorer to assist with deploying validators, bonding and nominating validators, debugging contracts, and understanding network performance. * Reef command line tools that allow developers deploy applications from local environments. * Reef wallet for accessing and interacting with the blockchain
Reef News
-
Voxel (VOXEL) led the crypto market on April 19, 2025, with a 92.3% daily increase, closing at $0.042.
Apr 20, 2025 at 12:00 pm
-
Alex Thorn, head of research at Galaxy Digital, said in a post on X that based on a review of public documents, bankruptcy documents, and voluntary disclosures by active lenders
Apr 15, 2025 at 11:17 am
-
The wife of the deputy head of the Odesa Regional State (Military) Administration, Andriy Figel, earned almost UAH 4 million
Mar 16, 2025 at 03:57 pm
-
As 2025 approaches, the crypto world is brimming with hidden gems ready to explode in value. While everyone focuses on the big names, there are lesser-known coins under $1 that are poised for massive growth.
Jan 05, 2025 at 05:04 pm
-
As the crypto winter grips the market, with the global cryptocurrency cap slipping to $2.38 trillion and a 2.55% drop in the last 24 hours, there's still a glimmer of hope.
Oct 27, 2024 at 01:51 am
-
NEM (XEM), Beam (BEAM), Reef (REEF), Gains Network ($GNS), and Sun ($SUN) are all cryptocurrencies that have seen a huge surge in price and are currently considered overbought.
Oct 21, 2024 at 08:03 am
-
At the time of writing, Celestia (TIA) was facing a bearish trend, marked by a 7.47% decline in the last 24 hours.
Oct 17, 2024 at 01:00 pm
-
The cryptocurrency market saw the REEF tokens drop significantly, and the price fell by 58% in a matter of hours on October 16, 2024.
Oct 17, 2024 at 03:20 am
-
The altcoin market looks promising, and many altcoins are recording gains. Bitcoin (BTC) is still struggling to return to its all-time high of $70K
Oct 14, 2024 at 11:38 pm
Similar Coins
Twitter
GitHub
Close