Choose a project , platform or service belonging to the polkadot Ecosystem ( Polkadot not permitted) and make a detailed post which must comply with the following aspects:
Explain in your own word why you chose it and why you think it is relevant to the world.
Why it is Relevant to the world
Description of the project and it platform (screenshot needed)
REEF Finance.
Reef is a decentralized blockchain based platform notable for facilitating Defi service and product built on polkadot network. It was created by Denco Mancheski who is also the CEO. It is also know as the first cross-chain trading platform ,multi chain smart yield engine and also functions as a liquidity aggregator that integrates into it system both the centralized and the decentralized exchange. Reef also provide services such as smart lending, staking, mining and lots more through it Reef yield engine powered by an artificial intelligence. You can call it a one stop shop for all defi related platform where you get everything in just a single interface without having to switch from one platform to the other to get a particular service. In summary,what Reef aims to do is to offer investors with the best opportunity with relation to defi so that traders and investors can get the best
Reef Token.
####Why it is build on polkadot.
Reef Interface
Exchanges where reef is traded
Functionalities and real life application
Liquidity services.
Reef offers liquidity services to investors or trader through the DEX and CEX platform they have integrated into their system. one of the benefit of this service they offer is that they protect users form market manipulation and front-running attack. And I believe this has made tradin on reef quite easy, convienient and seemless
Smart Yield Farming
Reef offers staking services which allows investors to stake in multiple asset basket which is automated via the help of an AI which users can always configure to suit their financial needs. This AI helps to manage their asset, make trading and staking easy and seemless.
Smart asset management
Reef also helps investors or trader with asset management where where users can easily rebalance their allocation between their basket using a UI accessible from mobile or computers.
Future development and associated projects (screenshot needed)
What is Next Earth?
Next earth is a digital NFT based land purchasing platform that operate without a middle man. You can initiate buying and selling of land directly from your wallet. This is a platform with environmental charity, metaverse, DAO, Economic building, with community appreciation. It offers virtual land ownership which enables you to own a project from inception. Now the integration of Next earth will open the platform to the advantages of Reef EVM compatible blockchain
Make a technical analysis of the selected platform then through your validated exchange account make the purchase of the token (15 USD as a minimum). Screenshot and an explanatin of the procedure are required.
Reef has been doing fine based on what the projects stands for and how the price has been growing steadily. Below it that chart from coinmarkecap and the other from my verified binance account.The chart according to coinmarket cap.
As at the time I attempted purchasing the token,it was already on the high side,towards the oversold region so I had to wait for it to fall to buy low and profit from holding it. And that is seen below.
Purchase process.
I purchased reef on my verified binance account. With my available Usdt.
Conclusion
Polkadot is indeed a very good project and has proven to be so. No wonder it is called the Ethereum contender,I believe with time it will make much sense than it is already because of the advantages it has over many of the blockchain we have.
Thanks so much for your time.
Cc: @allbert
#club5050 😀
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