{"id":6051,"date":"2021-10-20T18:33:13","date_gmt":"2021-10-20T15:33:13","guid":{"rendered":"https:\/\/www.paribu.com\/blog\/?p=6051"},"modified":"2026-01-15T12:20:01","modified_gmt":"2026-01-15T09:20:01","slug":"reef-reef-explained-in-6-points","status":"publish","type":"post","link":"https:\/\/www.paribu.com\/blog\/en\/cryptocurrency\/reef-reef-explained-in-6-points\/","title":{"rendered":"Reef (REEF) explained in 6 points"},"content":{"rendered":"
\n

REEF is a De-Fi platform created on Polkadot.<\/span><\/p>\n<\/div>\n

\n

1. When and by whom was it founded?
\n<\/span><\/strong>
\nFounded by Denko Mancheski, REFF is the coin of a platform belonging to the company REFF Finance. In the mid-2020, the groundwork was laid, and it was launched at the end of this year.<\/span><\/p>\n<\/div>\n

\n

2. Infrastructure of REEF<\/span><\/strong><\/h3>\n<\/div>\n
\n

REFF operates on the infrastructure of Polkadot protocol, which was created in the scope of De-Fi.<\/span><\/p>\n<\/div>\n

\n

3. What does it promise to the users?<\/span><\/strong><\/h3>\n<\/div>\n
\n

REFF is a project formed to ensure the <\/span>liquidity<\/span> flow of the protocols within decentralized finance. Regarding De-Fi protocols, it promises to offer a simple process that exists for trading purposes and to ensure the liquidity flow for newcomers. Its mission is to make complicated processes of crypto trading, staking and borrowing transactions more user-friendly.<\/span><\/p>\n<\/div>\n

\n

4. Is Reef mined?<\/span><\/strong><\/h3>\n<\/div>\n
\n

Reef is mined through a system formed with Polkadot Substrate.<\/span><\/p>\n<\/div>\n

\n

5. The lowest and highest price with the total supply<\/span><\/strong><\/h3>\n<\/div>\n
\n

The lowest price of REEF was $0.006623 on January 13, 2021, and the highest price was recorded at $0.05841 on March 15, 2021. The circulating supply of the cryptocurrency is 15,934,019,762 REEF with a total supply of 15,934,019,762 REEF on the market.<\/span><\/p>\n<\/div>\n

\n

6. How to make REEF transactions on Paribu?<\/span><\/strong><\/h3>\n<\/div>\n
\n

You can make <\/span>REEF<\/span> transactions right away via the link.<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

REEF is a De-Fi platform created on Polkadot. 1. When and by whom was it founded? Founded by Denko Mancheski, REFF is the coin of a platform belonging to the company REFF Finance. In the mid-2020, the groundwork was laid, and it was launched at the end of this year. 2. Infrastructure of REEF REFF […]<\/p>\n","protected":false},"author":1,"featured_media":23844,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[212],"tags":[],"class_list":["post-6051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/posts\/6051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/comments?post=6051"}],"version-history":[{"count":1,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/posts\/6051\/revisions"}],"predecessor-version":[{"id":22823,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/posts\/6051\/revisions\/22823"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/media\/23844"}],"wp:attachment":[{"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/media?parent=6051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/categories?post=6051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/tags?post=6051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}