Reef cryptocurrency is a governance token, which is also used for making protocol payments, earning on staking and from profitable farming. Reef is a blockchain compatible with EVM for DeFi, has small transaction costs.

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Dear members of the Reef community,

Forgive us for the delay in communicating about the 1 billion REEF coins minted recently on the blockchain. We understand the importance of transparency, and needed time to ensure the minting was complete in order to properly communicate the reason.

The 1 billion minted REEF coins are going to be used for bridge liquidity. This is an important part of our ongoing commitment to unifying the ERC-20 and BEP-20 representations of REEF coins over to the blockchain.

We take community feedback seriously and we have heard your concerns about this recent minting and the lack of notice. We promise to do our best to keep you informed and answer any questions you may have about the process.

Thank you for your continued support, understanding and patience while we work to bring bridge liquidity to the Reef ecosystem and unify the various representations of REEF to the native blockchain.

Sincerely,
The Reef Team

Dear members of the Reef community,.