Reef Finance

Reef Finance reef

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What is REEF?

'REEF' known as Reliable Extensible Efficient Fast is Layer-1 Blockchain for Gaming, DeFi & NFT. Its built using Substrate Framework & provides high scalability, enabling almost instant low-cost transactions, along providing support to Solidity and EVM, allowing developers to seamlessly migrate their DApps from Ethereum without any change in the codebase. Reef Chain development tools include: Remix & EVM integrated development environments for uploading & deploying smart contracts. Reefscan blockchain explorer assists by deploying validators, debugging contracts, bonding & nominating validators, & understanding network performance. Reef command line tools that allow developers deploy applications from local environments. Reef wallet is used for accessing & interacting with the blockchain

The Team Behind REEF

- Reef Finance was established in 2019 by CEO and co-founder Denko Mancheski. - Mancheski, born in Macedonia, was previously Chief Technology Officer at Adel, which is a global cryptocurrency incubator for blockchain innovation - He aims to build the most advanced blockchain for retail investors who want to get involved with DeFi, NFTs and Gaming

Top Value Drivers For REEF

The main reasons to invest in Reef chain includes: 1. 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". 2. Any DeFi protocol that has already deployed on Ethereum or an EVM-compatible network can run on Reef after making few changes to the code. 3. Reef ecosystem can be accessed by anyone with a Web3 wallet that is interested in accessing dApps on Reef. 4. Reef is extensible and can have support for multiple VMs as well as extension for existing popular VMs such as EVM. 5. It has on-chain upgrades functionality so any new features are easily pushed through the networking layer, but also on-chain governance