Hello, I have two questions: 1: Currently, Reef Coin is utilizing

Question

Hello, I have two questions: 1: Currently, Reef Coin is utilizing

its own network and blockchain, displaying a supply of 12 billion within its network. There are a total of 22 billion tokens on the Binance and Ethereum networks, with a combined total of 33 billion tokens in circulation. It's necessary to move these 22 billion tokens to its own network and burn them to resolve this issue. Are there any ongoing efforts or discussions with exchanges regarding this matter? Is there a budget to acquire the 22 billion tokens on the Binance and Ethereum networks? Currently, Reef Coin's price is at historic lows and quite cheap, making it potentially the best opportunity to retrieve these 22 billion tokens from exchanges back to its own network. What are your thoughts on this? Has there been any discussion or progress with exchanges about this?

2: The network is up and running without any apparent issues, but upon examining the ecosystem, it's evident that the core team develops most applications on the network. There isn't much external support, and attracting new designers or developers requires budget, interest, and attention. In short, Reef faces these two fundamental problems; will they be resolved in the near or medium term?

#cryptocurrency #de-fi #english #reef

0

19.11.2023

15 ответов

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Fırtına Автор вопроса

Ponderland 🪐
Reef Labs recently onboarded 10 projects under Coh...

When we look at the ecosystem, there are wallets (Reef app, Reef extension, Polkadot extension, Klever), block explorers (Reefscan, Subscan), DeFi (Reefswap), NFTs (Sqwid), which means we need more developers...

0

19.11.2023

Ponderland 🪐

And this program is how Reef is supporting and attracting new projects whilst helping with budget and development as you mentioned https://t.me/reefchain/548874

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19.11.2023

Ponderland 🪐

Fırtına
When we look at the ecosystem, there are wallets (...

dApps are external projects, and this is how they’re onboarding them

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19.11.2023

Bene Richi

Fırtına
When we look at the ecosystem, there are wallets (...

Yes. The space needs more developers.

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19.11.2023

Bene Richi

There are not 33B in circulation because a lot of those tokens are locked in different DEXs. Approximately 25.5B are in circulation. And Reef20 supply is not 12B, its almost 15B.

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19.11.2023

Диджитал Номад

Bene Richi
There are not 33B in circulation because a lot of ...

what about https://reefaq.io/en/supply ? is that number correct?

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19.11.2023

Itachi

Bene Richi
There are not 33B in circulation because a lot of ...

It is really confusing. Can somebody tell me the exact number of the coins in circulation and what is the total supply I mean maximum supply it can be reached and is this token mintable?

0

19.11.2023

Диджитал Номад

Itachi
It is really confusing. Can somebody tell me the e...

there's no max, the coin has an inflation (potentially infinite), which suppose to be balanced by fee burning. the printed money are the reward for staking, so if you believe in long-term project success, the best course of action is buy reef and stake it and receive the reward every day.

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19.11.2023

Bene Richi

Yes, Reef aims for having the supply only on Reef Chain. We don't know how they'll do it yet. Let's wait for the Reef bridge and discuss it after the team shares their plan.

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19.11.2023

Bene Richi

No. Its stuck. There is not official data of the supply available.

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19.11.2023

Bene Richi

Itachi
It is really confusing. Can somebody tell me the e...

Its difficult to answer. Because Reef tokens are on three blockchains, making it hard to track the exact circulation when you have DEX and bridges which keep some of them locked. We can't say exactly to the token.

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19.11.2023

Bene Richi

Itachi
It is really confusing. Can somebody tell me the e...

Its mintable. Reef is a Layer1 blockchain with inflationary and deflationary token model. Minting and burning 🔥

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19.11.2023

Don't call me Shirley!

Bene Richi
No. Its stuck. There is not official data of the s...

Try giving it some 'percussive maintenance' 🔨

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19.11.2023

Bene Richi

Don't call me Shirley!
Try giving it some 'percussive maintenance' 🔨

Will remove it today completely.

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19.11.2023

Ponderland 🪐 · Accepted Answer

Ponderland 🪐

Reef Labs recently onboarded 10 projects under Cohort 1 which we’ve been told are currently working on intergration You can see some here; https://t.me/reefchain/577666

0

19.11.2023

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Hello, I have two questions: 1: Currently, Reef Coin is utilizing

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