ReefPrice(REEF)
Details Reef (REEF) Price information (USD)
The current real-time price of REEF is $0.0{4}7124. In the past 24 hours, REEF has traded between $0.0000712 and $0.0{4}7676, showing strong market activity. The all-time high of REEF is $0.0574, and the all-time low is $0.0{4}7046.
From a short-term perspective, the price change of REEF over the past 1 hour is
Reef (REEF) Market Information
Reef (REEF) Today's Price
The live price of REEF today is $0.0{4}7124, with a current market cap of $2.544M. The 24-hour trading volume is 435K. The price of REEF to USD is updated in real time.
Reef (REEF) Price History (USD)
What is REEF (REEF)?
When is the right time to buy REEF? Should I buy or sell REEF now?
Before deciding whether to buy or sell REEF, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s REEF technical analysis can provide you with trading references.
Future price trend of REEF
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for REEF.
How much will REEF be worth tomorrow, next week, or next month in ? What about your REEF assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! REEF Price Prediction
How to buy REEF (REEF)
Convert REEF to local currency
REEF Resources
To learn more about REEF, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
binance-smart-chain | 0xc368...816880  | 1.249B | 12.67% |
ethereum | 0xc80a...e92416 | 1.027B | 10.42% |
ethereum | 0xc368...816880 | 587.135M | 5.96% |
binance-smart-chain | 0xc80a...e92416 | 386.925M | 3.92% |
ethereum | 0x7937...40e20c | 373.395M | 3.79% |
Other | 6.234B | 63.24% |
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REEF (REEF) FAQ
What is Reef (REEF) and how does it function?
Reef is a Layer 1 blockchain built on Substrate technology, designed to be reliable, extensible, efficient, and fast. Originally a DeFi aggregator, it has evolved into a standalone blockchain known as Reef Chain. It uses a Nominated Proof of Stake (NPoS) consensus mechanism and is fully compatible with the Ethereum Virtual Machine (EVM). This compatibility allows developers to easily port their existing Solidity dApps to Reef, supporting a growing ecosystem of DeFi, NFTs, and gaming applications.
What are the primary utilities of the REEF token?
The REEF token is the native utility asset of the Reef Chain with four primary functions. It is used to pay for transaction fees and smart contract execution gas. It facilitates network security through staking, where users nominate validators. Additionally, it serves as a governance token, enabling holders to vote on protocol upgrades and technical council members. Lastly, it acts as the primary medium of exchange and base asset for DeFi protocols and NFT marketplaces within the Reef ecosystem.
How does REEF staking work and what is the unbonding period?
Staking on Reef involves nominating validators to help secure the network. This can be done through the Reef Console or compatible self-custodial wallets. In exchange for securing the blockchain, nominators receive staking rewards. However, if a user decides to stop staking, their tokens are subject to a 28-day unbonding period. During this time, the tokens are locked and cannot be moved until the period concludes. The project also employs a fee-burning mechanism, though it currently remains inflationary due to staking reward emissions.
How has Reef responded to recent exchange changes and market volatility?
Reef has faced transitions in its exchange availability following periodic reviews by various trading platforms. While some platforms have adjusted their listings, LBank remains a key venue for the token. The project has experienced periods of volatility, which the team attributes to market dynamics and the migration of liquidity across different global exchanges. The project continues to focus on its technical development and expansion into new markets to ensure long-term ecosystem growth.
What are the key features of the Project Deep Current upgrade and 2025 roadmap?
Project Deep Current is a significant technical overhaul scheduled for 2025. It aims to modernize the Reef Chain foundation using the latest SDKs, improving compatibility with popular wallets like MetaMask and removing the need for manual EVM address binding. The 2025 roadmap also includes the integration of native USDC, the launch of a native bridge through VIA Labs, and the development of a native stablecoin platform. Additionally, the team plans to launch Hydrastarter, a dedicated launchpad for new projects.
How can users safely manage and convert their REEF tokens?
Users often hold REEF as legacy ERC-20 or BEP-20 tokens. To convert these to the native Reef Chain, the most efficient method is to deposit the legacy tokens into a supporting exchange like LBank and withdraw them as native tokens. For long-term storage, the team recommends using the official Reef Chain Wallet on iOS or Android. For transparent information regarding circulating supply and on-chain activity, users should refer to ReefScan, the official network explorer, rather than third-party aggregators that may have outdated data.
