Answers to frequently asked questions.
What is Reef’s mission?
Reef’s mission is to make DeFi easy and accessible to more people.
What is Reef token?
Reef Token is the native currency on Reef Chain, and is used for transaction fees (gas) and on-chain goverance (NPoS and PoC). Reef token is also available as ERC-20 on Ethereum and BSC and will be made convertible 1:1 with native Reef chain tokens.
Is Reef chain PoW?
Reef chain is not incumbered by Proof of Waste. Furthemore, smart contract transaction fees get burned to align scalability incentives - validators only get paid from fixed rewards pool and have no incentive to artificially constrain the network like in Bitcoin or Ethereum.
Where can I get support?