Reef (REEF) is now listed in the Crypto.com App, joining the growing list of 250+ supported cryptocurrencies and stablecoins, including Bitcoin (BTC), Ether (ETH), Polkadot (DOT), Chainlink (LINK), VeChain (VET), USD Coin (USDC), and Cronos (CRO).
Reef chain, which also stands for Reliable, Extensible, Efficient, and Fast, is an EVM compatible blockchain for DeFi. Reef chain features next-gen blockchain technology, utilizing Proof of Stake and state of the art cryptography. Reef has a predictable algorithmic fee mode, where all fees from Reef chain usage are automatically burned. REEF, the utility token on the Reef network, is used as the native currency for transaction fees and on-chain governance. People can stake their REEF tokens and participate in the governance process to earn rewards. It can also be utilized as collateral within the Reef chain ecosystem.
Crypto.com App users can now purchase REEF at true cost with USD, EUR, GBP, and 20+ fiat currencies, and spend it at over 80 million merchants globally using the Crypto.com Visa Card.