/biz/ - Business & Finance

[REEF General No.27559491]

Reef is a DeFi platform built on Polkadot that aims to deliver cross-chain trading. A yield engine and a smart liquidity aggregator are among the project’s offerings.

Reef is geared towards newcomers, as well as current DeFi users who find it difficult to keep up with the best investment strategies. The company also wants to tackle the high gas fees that are seen on the Ethereum blockchain, which some claim renders DeFi protocols “unusable.”

https://coinmarketcap.com/currencies/reef/

UI demo:
https://www.youtube.com/watch?v=3y_0CkoxSGc&t=625s [Open]

[Anonymous No.27559548]

how many threads are you niggers going to make to shill this shitcoin

[Anonymous No.27559631]

>>27559548
this, it is obvious that it is a coordinated shill

[Anonymous No.27559661]

strongly considering dumping 5k of my rubic for this (half of my stack).

[Anonymous No.27559709]

this is the one honestly
time to make it

[Anonymous No.27559737]

>>27559661
rubic seems to be a good long term hold tho. drop a quarter?

[Anonymous No.27559756]

>>27559548
>>27559631
It’s unironically going to 100x

[Anonymous No.27559845]

>>27559491
So how will it tackle gas fees.

Also can you trade stocks and commodities on reef?

[Anonymous No.27559850]

>>27559756
Making grandiose claims like this isn't helping the optics of it being a megashilled shitcoin

[Anonymous No.27559958]

>>27559850
Stay mad, not selling

[Anonymous No.27559964]

>>27559631
>>27559548
Reef threads have been going on for a while, I bought at 0.017. It's just that it's mooning and people are hyped.

[Anonymous No.27560034]

>>27559491
Stop making us look like pajeets you fucking idiot

[Anonymous No.27560102]

Im feeling a solid 100x from this one goys

[Anonymous No.27560108]

>>27560034
We'll be rich pajeets in a year

[Anonymous No.27560141]

>>27559958
I'm not mad, I actually invested relatively heavily in reef - but it's embarrassing being associated with the autistic stoner threads

[Anonymous No.27560179]

>>27559661
yeah thats wat i did my fellow stinker

[Anonymous No.27560449]

Ok faggots, info from the telegram chat about staking. Starts tomorrow around 8am central time zone US. Only MetaMask users can stake/farm until they get other wallets on board. Space is limited in the first pool until they get more pools started so if you don’t get in at first don’t be a crybaby faggot most people probably won’t get in right away. You’re welcome you assholes

[Anonymous No.27560503]

>>27559964
based

[Anonymous No.27560574]

>>27560141
DUDE

[Anonymous No.27560576]

>>27560449
cool thanks bro

[Anonymous No.27560658]

>>27560141
DUUUUDDEEE REEEEF

[Anonymous No.27560846]

>>27560449
>>27560658
Don't be a queef brah. Smoke some reeeeef.

[Anonymous No.27560992]

>>27560449
Yeah I'm not spending 100 usd in gas fees on that shady website
Binance staking or bust

[Anonymous No.27561128]

>>27560992
same here, i expect it to come out soon because they work so closely with binance but i could be wrong

[Anonymous No.27561140]

OOOOOOOOOOOOOO

[Anonymous No.27561142]

Jannie Token
Follow my logic: Reef ---> Reeeef ---> strips down to Ref, a Ref being like Jannies. Therefore, with a little help from the old JANNIES, brah, we're all gonna make it this time. Thanks to REEF checkem

[Anonymous No.27561148]

>>27559756
This, if you dont have at least a couple hundies in yngmi

[Anonymous No.27561192]

Is 20k enough to makit?

[Anonymous No.27561244]

>>27560992
>>27561128
>uniswap
>shady website

ngmi

[Anonymous No.27561270]

>>27561192
How does 2000k sound?

[Anonymous No.27561288]

Just bought 100k Reef to help load up the shitcoin shotgun. This is the year Im gonna make it.

[Anonymous No.27561298]

>>27559737
This retard can be talking into any pnd. Pajeets, jump on your opportunity now.

[Anonymous No.27561300]

>>27560992
>>27561128
Just trying to keep everyone informed. Staking should be available through other means later on. Don’t want everyone dumping cause they can’t stake tomorrow. Would rather have them not buy

[Anonymous No.27561332]

>>27561244
i dont think it's shady, just dont wanna spend money on gas

[Anonymous No.27561344]

>>27559845
>>27559845>>27559845
answer me

[Anonymous No.27561478]

>>27561344
It’s a liquidity pool so your exchange is instant and it handles everything else on the back end. There’s a lengthy article about it I’m trying to find

[Anonymous No.27561495]

>>27561270
Sounds like a lot of chicken tendies

[Anonymous No.27561500]

>>27559737
I guess I'll see how the prices are tomorrow, but if Rubic keeps pumping (greater rate than reef) into tomorrow, then I'll probably be able to drop a lot less runic for a bigger bag.

[Anonymous No.27561521]

Im swaaaaaaaping

[Anonymous No.27561544]

>>27561332
What’s the estimate on gas fees? Does it increase with the amount of tokens u send?

[Anonymous No.27561586]

>>27561244
You mean unifarm retard?

[Anonymous No.27561614]

YO. REEF IS PUMPING

[Anonymous No.27561633]

I have a lowly stack of 5.9k, should I hold or stake tommorow?

[Anonymous No.27561668]

dude REEF, its fucking pumping right now, get ready to buy the dip

[Anonymous No.27561673]

>>27559548
>>27559631
Meanwhile rbc and doge can have 100+ threads and nobody cares. Just go away, not fooling anyone. Dump your rbc now before whales do.

[Anonymous No.27561678]

>>27561344
https://www.coinbureau.com/review/reef-finance/
Here. Good read all about the project

[Anonymous No.27561754]

holy shit that pump

[Anonymous No.27561778]

>>27560449
will info on it be posted outside telegram?

[Anonymous No.27561816]

>>27559491
Manta ray reporting in

[Anonymous No.27561831]

Denko? more like DANKO amirightboys

do I need to have my reef in metamask to stake tomorrow? I keep it in trust wallet atm

[Anonymous No.27561858]

>>27561778
*info on how to stake

>>27561754
holy h*ck
did they finally drop the sell wall

[Anonymous No.27561988]

For someone with a low stack, would it be better to hold or stake?

[Anonymous No.27562004]

63k reefer reporting in, aigmi?

[Anonymous No.27562016]

POOOOOOOOOOOOMP EEEEEET

im gonna sell my 37k bros
buy some god damn grt bros

[Anonymous No.27562047]

good night lads. wish us all a proper dip tomorrow and right after a massive 0.03++ rise.

[Anonymous No.27562053]

>>27561988
there's no downside to staking

[Anonymous No.27562107]

can i get reef on uniswap?

[Anonymous No.27562116]

>>27561673
rbc was also a coordinated shill
doge was just retard hype

[Anonymous No.27562126]

updated

[Anonymous No.27562150]

>New Delhi
Ummm

[Anonymous No.27562179]

>>27561831
I see my question was answered earlier, but I can't find reef to add it. sorry I know i'm regarded

[Anonymous No.27562188]

how bigs ur bag bros

[Anonymous No.27562212]

>>27562107
Yes

[Anonymous No.27562222]

>>27562107
Yes, the gas fees are fucking horrendous though.

[Anonymous No.27562229]

where to buy this shit coin without fees

[Anonymous No.27562258]

>>27562188
i got 15 dollars in reef bro

[Anonymous No.27562264]

>>27562222
>>27562212
why do i get this:
15238600000000 ETH per REEF

[Anonymous No.27562298]

>>27562179
add custom token, grab contract on coingecko

[Anonymous No.27562334]

>>27562188
150k

[Anonymous No.27562374]

the reef shilling is pretty intense but the fact it's not like insanely, insanely overpumped is something. prob coordinated pump going on right now but even before the shilling it was like only .0019 , and it's .0028 right now. this pump and dump scheme has a lot to go up. i'm in.

[Anonymous No.27562408]

can i buy this on uniswap

[Anonymous No.27562411]

>>27562298
thanks lad

[Anonymous No.27562412]

Can I trust you guys on this.
I'm tempted.
So tempted.
But I already lost so much on PnD schemes on /biz/.
Why is this any different?

[Anonymous No.27562417]

>>27562150
dump it on and then off again

[Anonymous No.27562437]

>>27562374
A rapper, KSI twitted it.

[Anonymous No.27562449]

okay how much should i expect this to climb

[Anonymous No.27562463]

>>27562264
Foreshadowing

[Anonymous No.27562508]

>>27562449
1000x in a year

[Anonymous No.27562526]

>>27562437
kek'd

[Anonymous No.27562542]

>>27559491
I'm so fucking sick of having to research every single shitcoin that pops up with globohomo cube/hexagram logos and having to scourge over the history, tweets and pics of the development team for numbers, symbolism, messages and all that shit. Are they really planning to support them all? FUCK

[Anonymous No.27562560]

>>27562188
500k

[Anonymous No.27562569]

>>27562412
if it's a PnD why are sergey and cz shilling it

[Anonymous No.27562571]

terminally retarded anon reporting in again, imported REEF on metamask but the coin image looks fucky, copied the address from coingecko, is this how it looks on metamask ?

[Anonymous No.27562630]

CAM ON REEFA
PUMP SAM FUCKIN MOOOOAR

[Anonymous No.27562655]

>>27562569
Sauce?

[Anonymous No.27562656]

>>27562571
>terminally retarded anon reporting in again
that doesn't make it any easier to know who you are, that description fits most of u

[Anonymous No.27562664]

>>27562569
bullshit post link

[Anonymous No.27562672]

>>27562508
yeah sure

[Anonymous No.27562713]

>>27562571
yes that is surely the "reef"

[Anonymous No.27562714]

>>27562571
yeah tjats normal

[Anonymous No.27562719]

>>27559631
You retards will always be poor because you don’t DYOR. A lot of coins shilled on here take the fuck off and you idiots FUD them until your are fomoing in at the top.

[Anonymous No.27562741]

>>27562571
Bro you should really watch a video on how this shit works
Yes metamask assigns a random icon to custom tokens

[Anonymous No.27562802]

woah an eth- dot shitcoin token

[Anonymous No.27562859]

>>27562374
you guys are getting paid?

[Anonymous No.27562871]

sirs plz answer
i can buy this on uniswap?

[Anonymous No.27562877]

>>27562560
pic?

[Anonymous No.27562947]

>>27562571
yea mine did that too
check etherscan if youre not sure

[Anonymous No.27562990]

>>27562871
nigga go check on coingecko

[Anonymous No.27563000]

>>27562412
the current pump is not sustainable. if you want to get in, wait for a retrace

[Anonymous No.27563003]

>>27562374
the volume is too high for pnd scam to be successful

[Anonymous No.27563062]

>>27562655
>>27562664

[Anonymous No.27563070]

>>27562877
Topping it off when my last 40 DOT comes off staking

[Anonymous No.27563135]

>>27559491
>this weeks fancier defi platform

[Anonymous No.27563141]

>>27562741
You're right I should. Just been using trust wallet with uniswap this whole time.

[Anonymous No.27563161]

>>27563062
https://twitter.com/ReefDeFi/status/1356538257853579264

[Anonymous No.27563198]

>>27562229
binance

[Anonymous No.27563280]

>>27562188
70k but Im working on to close up a 100k

[Anonymous No.27563362]

>>27563161
>>27563062
fuck me, it's real

stick that in your pnd and smoke it

[Anonymous No.27563602]

do i sell or this is a dip?

[Anonymous No.27563654]

>>27563602
you buy more

[Anonymous No.27563685]

>>27563602
its a dip newfag

[Anonymous No.27563716]

>>27563602
Sell so I can buy more.

[Anonymous No.27563759]

>>27563602
I don't try swinging these things just let them ride up, .03 cents, its likely not gonna pump up like crazy any time soon. Just let the shit go

[Anonymous No.27563773]

Fuck I wanted to deposit more to buy this dip but binance takes too long to process my money

[Anonymous No.27563841]

>>27563062
>Guess the Conversation
Sergeys going to be arguing the whole time for them to eat McDonalds

[Anonymous No.27563880]

>>27563773
It should be instant

[Anonymous No.27564070]

>>27563880
Takes anywhere between 30 minutes and 2 hours for me

[Anonymous No.27564118]

Shitcoin of the week
100k market cap at $0.16
600k market cap to reach $1
Unironically the next moonshot

https://www.coingecko.com/en/coins/axia

[Anonymous No.27564232]

>>27564118
friend i think you are lost

[Anonymous No.27564241]

>>27563003
lol
when the pump and dump fails because after dumping it continues to go up

[Anonymous No.27564551]

>>27561544
newfag alert. digits wasted

[The Biggest Nigger in the Univ(...) No.27564771]

>>27564232

kek

[Anonymous No.27564778]

Actually read about this for the first time and sounds really interesting.

Still the classic question, based on what I've read what's the use for the token. I don't see it as a DeFi token like Uni, AAVE, Sushi, etc etc.

It's not an obvious Ethereum/Chainlink securing the network and operating as collateral.

So really what are the tokenomics?

[Anonymous No.27565948]

>>27563716
sure off you go, you drop the prise and I rebuy it cheaper

[Anonymous No.27566063]

>>27564778
watch the UI video in the OP

[Anonymous No.27566268]

Is REEF Marine (100k in reefcoin) make it? Make it for me is honestly just 100k USD I live frugally and am a comfortable ameripoorfag.

[Anonymous No.27566282]

>>27566063
No, explain it

[Anonymous No.27566356]

holy FUCK we're all gonna make it

[Anonymous No.27566469]

>>27563654
>>27563685
>>27563716
>>27563759
Looks like a bull flag in the short-term, I sold at 0.27 and waiting for a temporary drop at .23-.25 and buy back.

[Anonymous No.27566514]

>>27566268
If you keep DCAing in then yes, a 100k base stack is fine.

[Anonymous No.27566692]

>>27566469
Yesterday we got support at the previous ATH, which today would be ~.0264 - and honestly it looks like .027 is getting support. Do not attempt to swing this, m8

[Anonymous No.27566732]

>>27559491

based af.

facebook and steam integration confirmed. Reef will literally bridge mainstream to defi.

[Anonymous No.27566775]

>>27566732
>steam integration confirmed
It's just going to be a site that let's you buy csgo skins with reef. still cool tho

[Anonymous No.27566834]

>>27559491
Which website has the absolute most real time prices on crypto? Dextools.io?

[Anonymous No.27566839]

>>27566732
Retard here has steam ever picked up any other crypto?? If not this is huge news

[Anonymous No.27566944]

>>27566839
Valve doesn't approve of sites that let's you buy csgo/dota skins. It's nothing official.

[Anonymous No.27567000]

>>27566944
Ack. Well that said I think one day steam will partner with a crypto.

[Anonymous No.27567330]

>>27566692
Welp, looks like I was wrong and sold at the dip.
I feel retarded now.

[Anonymous No.27567348]

>>27564778


The reef token is a governance token, so the users will be able to vote on different proposals (releasing new features, readjusting certain parameters in the system, etc).

Besides governance

the token is powering Reef infrastructure, so you can pay the protocols fees with it. It can also be used to stake into the Reef pool and get RPTs (Reef Pool Tokens), but it's also going to be used in the yield distribution mechanism (customizable payout ratio for the yield that the basket generated), which will allow the user to farm the Reef token and directly stake it into the pool.

Also, REEF will be needed to stake in Validators to secure the network.

[Anonymous No.27567513]

Can someone do explain how this staking stuff works? My plan is to split my bags to stake and to trade.

[Anonymous No.27567575]

>>27567330
Swingers get the rope

[Anonymous No.27567584]

How much is a make it stack

[Anonymous No.27567639]

>>27566775


Its not just about buying in game valuables. Reef will allow users to create "baskets" of valuables.

So all you nerds out there will be able to convert your in game tokens and stupid treasures and whatever real world dollar it equates to on the platform and the REEF protocol will let the nerds earn yield on it. Its completely next level.

[Anonymous No.27567747]

>>27566839

Yo idiot. Its about what kind of value in game cash is. Its gonna translate it to the real world and nerds like you will be able to earn yield on it. Or trade it.

Reef is a Defi aggregator and its bringing this option to Steam.

[Anonymous No.27567776]

>>27567575
The same swinging strat saved me from the XRP massacre, though.

[Anonymous No.27567836]

>>27567776
XRP was a pump and dump.
This is a pump with small corrections.

[Anonymous No.27567839]

>>27567776

The fact your in XRP at all makes you sub moron. no offense.

[Anonymous No.27567889]

What about the 20,000,000,000 #?

[Anonymous No.27567948]

>>27567839
I made profit off of it and got off safely, I profited from the P&D. I knew it was such at the start.

[Anonymous No.27567990]

>>27566732
Yeah but the steam integration is meaningless if it gets abused. If it's liked to gambling or anything that's bad PR for gaben they'll ban their bots.

[Anonymous No.27568040]

>>27567889
What about it?

[Anonymous No.27568223]

>>27559491
I HAVE LOTS OF XSN WHY SHOULD I SELL IT ALL AND BUY THIS?

[Anonymous No.27568258]

>>27567776
XRP is made for traders who have no understanding of tech and can only read markets. Generally there's a pretty large disparity between an older coins value, and their current day utility. They only really exist of investment hot potato. They new coins will get the slowpokes, and institutional investors, so they're a good hold atm.

[Anonymous No.27568293]

>>27567889
check etherscan its 2b not 20b

[Anonymous No.27568432]

>>27567990
Do you even know why there is a steam integration?

Whats a defi aggregator? What to do with in game valuables.

Jeezus, what happen to biz.

[Anonymous No.27568555]

>>27568293
Wait true.. why the fuck has everyone been saying 20B. I hold this shit and I even thought it was 20B

[Anonymous No.27568878]

>>27567889

My guess is around 70% of the 20B will never really be in circulation. They will be staked to secure the network.

[Anonymous No.27568979]

>>27568878
Really can’t tell if Denko knows what he’s doing or if he is a Slav scammer

[Anonymous No.27569138]

>>27568979
Slav Scammer, don't invest.

[Anonymous No.27569768]

>>27568979
I questioned this too, but then I thought he at least was able to convince Binance to list his token, let him speak in a convention, got 4 million dollars in the ICO etc. Yes he might be bullshitting with a fake GUI in the demo video but we can't know. Just invest what you're confortable with and try to make the best of what we can control, if he's a scam artist it's out of our control, just don't put your life savings in it, it's high risk and high reward

[Anonymous No.27569939]

>>27567513
Don’t trade it cunt. Just hodl. You will 100% regret it.

[Anonymous No.27570225]

REEF is a fucking text book example of how to invest off /biz.
>2 weeks of “anyone else heard of REEF” threads
>guys I think I found a gem threads
>excitement threads with no shilling, no FUD just people genuinely excited
>YOU ARE HERE
>5x to 10x
>Daily FUDs
>coinbase listing
>the moon

[Anonymous No.27570292]

>>27570225
This, I bought at 0.017.
Still, feelsbad that I could only buy so much...

[Anonymous No.27570351]

>>27569768
Even if it’s a scam with all the knowns we can still 10x.

[Anonymous No.27570541]

>>27569768
True. Also because we’ve all mostly bought in extremely early the risk of losing is slightly lessened. I’m only putting like 5k in this.

[Anonymous No.27570603]

>>27570225
happened with rubic

[Anonymous No.27570677]

>>27569768
I don't think it's a dev-lead scam, but a whale-led (venture capital guys) scam might be possible.

[Anonymous No.27570791]

yes, I mean the risk/reward looks good, but just bear in mind there's always the chance of a scam or simply a failed project
but I recon it's better to try and maybe see it fail then not get in and then kick yourself if it becomes big

[Anonymous No.27570851]

>>27570791
It's not a scam but there's always a chance that it will fail

[Anonymous No.27571028]

>>27569768
Unlikely to be fake. From their security audit (documented at https://research.binance.com/en/projects/reef-finance):
> The security assessment was scoped to the smart contract
> ReefBalancer, ReefBasket, ReefLiquidityBond, ReefMooniswapV1,
> ReefToken, ReefUniswap and ReefVaultsBasket. An audit of the
> security risk and implications regarding the changes introduced
> by the development team at Reef Protocol prior to its production
> release shortly following the assessments deadline.
> Overall, the smart contract code is extremely well documented,
> follows a high-quality software development standard, contains
> many utilities and automation scripts to support continuous
> deployment / testing / integration, and does NOT contain any
> obvious exploitation vectors that Halborn was able to leverage
> within the timeframe of testing allotted.

[Anonymous No.27572277]

>>27571028
noice

[Anonymous No.27572844]

>>27571028
sweet

[Anonymous No.27573324]

Where can I even get this shit

[Anonymous No.27573589]

How many for a suicide and make it stack?

[Anonymous No.27574639]

>>27573324
If you have to ask it isn’t for you. Wait until it’s on coinbase.

[Anonymous No.27574701]

>>27573589
I’ve got 300k and I think I’m suicide level. Milly is the make it stack.

[Anonymous No.27574914]

>>27562508
>5 billion market cap in first year
>1000x .03 is $30
>It needs 150 billion to get to x1000 times

Doubt.

[Anonymous No.27575023]

>>27569768
The market cap being so high makes it more legitimate to me.

[Anonymous No.27575603]

>>27574914
its not 5b mkt cap, theres 4b total supply?

[Anonymous No.27576119]

is staking live yet?

[Anonymous No.27576272]

>>27576119
Yeah do you want to wallet address you need to send it to?

[Anonymous No.27576310]

>>27576272
sent ;^)

[Anonymous No.27576343]

>>27576272
>>27576272

[Anonymous No.27576649]

fuck it got a comfy 11k stack

[Anonymous No.27576913]

>>27576119
It's supposed to open for a limited number of users at ~9am EST. I'd love to stake my stack, but I don't trust Unifarm yet. They reek of curry. Check out OroPocket- that's who owns Unifarm.

[Anonymous No.27577069]

Is binance staking confirmed?

[Anonymous No.27577423]

REEF

[Anonymous No.27577447]

>>27559964
me too

[Anonymous No.27577470]

How much is the gas going to cost to stake? I only have around 55usd left.

[Anonymous No.27577492]

>>27577470
just use binance

[Anonymous No.27577518]

>>27575603
It has a max cap of 20b but its going to be released over a 10 year course.

Though I think you're right that only 20% will be released in the first year.

[Anonymous No.27577555]

>>27577492
It's already in my metamask

[Anonymous No.27577846]

>>27577555
You can send it to binance

[Anonymous No.27578081]

I only have a stack of 4k is it worth staking when that releases tomorrow on binance?

[Anonymous No.27578152]

>>27577492
>>27577846
I thought you cant stake it on binance, only on unifarm?

[Anonymous No.27578303]

The memes surrounding reef give me linkie vibes.
But then i looked at their website and it looks like shit 2/10 would only buy for a quick pump.

Why should i care for this coin?

[Anonymous No.27578421]

>>27578152
Oh yeah I guess im just a retard I looked it up its not staking on binance.

[Anonymous No.27578634]

>>27578421
I saw someone in this thread mention staking is on metamask only for now

[Anonymous No.27578823]

Reef
Rubic
LCX
Bao

Bunch of shills
Bunch of shitty dex buzzwords

[Anonymous No.27579169]

bros why does staking launch according to an indian time zone dont tell we've been pajeeted again
https://medium.com/reef-finance/presenting-reef-staking-on-unifarm-by-opendefi-with-upto-250-apy-1cdb7e26dbe2

[Anonymous No.27579253]

>>27579169
Anon that site displays your local timezone

[Anonymous No.27579309]

>>27579169
Go to the reef Linked In and look at the employees. Apart from a Polkadot PR who isn't even employed at Reef, all the employee's profil are private and/or anonymous. Which means they are all fake. Which means it's pajeet.

Doesn't mean it's a scam, but it's at least obviously fully outsourced in India.

[Anonymous No.27579316]

Reef get shilled by binance and trending among normies, I don't know if its a good coin but you can't lose by buying it now just wait for next dip.