We are pleased to announce our next AMA on December 8th 2020 at 12:00 PM UTC Time: Satoshi Club x Reef
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Reef Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Reef Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Reef
For more details:
Reef – @reefdefi
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Will “Token burn” help adjust the value of that coin? Will REEF provide “token burn”?
Few projects have a liquidity connection between CEXES AND DEXES as far as I know. Which side is more inclined to Reef between CEXES AND DEXES (according to the number of bilateral traders)? What is the difference between CEXES AND DEXES that 1 side has but the other doesn’t and vice versa? So to take advantage of this, can I exchange from ETH to BNB? Usually such a transaction would be very laborious. So what is the fee on the Reef side if I put 1000 $ on eth side to bnb?
Reef can get liquidity from everywhere, but what about the price impact between those exchanges? Prices on DEXs and CEXs are probably not always the same, so will that have an impact on your smart lending and borrowing system?
How much is the minimum required amount of REEF token that users must own in order to participate in the governance process? And what incentives will be there for participating in the Governance activities? How is the voting power of each user calculated?
Reef Protocol is a DeFi operating system powered by Polkadot to enable cross-chain integrations across top DeFi protocols allowing any financial hub to integrate into. At the moment what financial Hubs and DeFi protocols do you have integrated to Reef Protocol?
As We all know Yield Farming has become so much in talk but these Farming Protocols have different Risk levels, how does Reef deals with it?
REVEALED TO GET LIQUIDITY FROM EVERYWHERE – Either CEX OR DEX looks like there are three major exchanges there Binance, Coinbase and Kraken are Reef officially listed on these three exchanges or is it still in process?
where does the APY from staking into the reef pool comes from?
For total supply and circulating supply, how many Reffs are there and whether the Reff supply will still be added or not
why did you choose to build on polkadot?
Liquidity problem where the centralized exchanges are isolated and prone to hack while the DEXes have no liquidity and difficult to use. The DeFi ecosystem also faces a fragmentation problem, where users have to manage multiple addresses on.What is the role of Reef to face this problem?
You have mentioned in the litepaper that there are two main types of decentralized liquidity sources, namely
1 / On-chain Order Books
2 / Smart Contract Liquidity pools.
Please explain how this is done?
Modern Portfolio Theory Based Allocation
The Modern Portfolio Theory (MPT), or mean-variance analysis refers to an in- vestment theory and mathematical framework, that allows investors to assemble an asset portfolio that maximizes expected return for a given level of risk. The theory assumes that investors are risk-averse; for a given level of expected return, investors will always prefer the less risky portfolio.What is the expected revenue and what is the level of risk?
Reef Protocol will utilize Polkadot’s Proof of Stake based consensus mechanism as its base consensus algorithm. Reef tokens will be used for staking as a repre- sentation of voting power, and what are determining the distribution of staking fees?
– In reviewing the tasks of a Reef Ranger, I see that there are many in different areas. My question is, in order to be an ambassador for Reef Finance, do you need to perform in each of those areas? Or can it only be in one specific area?
– How are decisions made within Reef Finance? Is there a method of governance that allows the complete decentralization of the project?
– Most DeFi projects get their yield from the platforms found in the Ethereum network. How do you get Yield on Reef Finance if you are in Polkadot? Do you have any interconnection with the different blockchains?
Reef Finance has recently announced its intention to integrate the Binance Access for enabling cryptocurrency purchases with FIAT and trading via Reef Finance in a non-custodial manner. Through the collaboration between Reef and Binance,what are the advantages it gives to the users/investors and as well with the REEF’s whole ecosystem?
I saw in your twitter account that you’re organizing an AMA with a lot of different channels. Are you not facing loss because of this? With lots of rewards and all? Conclusion is, you plan to reach more people right? Why not expanding your platform to different countries? By adding more languages, you will definitely reach more investors. Do you have plans about this?
One of the major components of Reef protocol is the machine learning and AI powered DeFi yield engine. What more information would you like to add in DeFi yield engine? Do you have more to offer that most DeFi users doesn’t have yet which can benefit the investors and users in the blockchain technology overall?
Aside from partnering your projects to different projects and listing your token to different cryptocurrency exchanges, do you have more plans in the future to innovate your platform and bring DeFi to the mainstream?
I have read in your LitePaper that Reef will mainly access the centralized exchange liquidity through first class brokerage services, how do these brokerage services work and how do they influence liquidity?
Reef Finance uses external platforms to offer services such as order execution and leveraged operations execution. Do you have any securities lending services or other combined financial services related to this area?
I have read a Reef Finance concept that caught my attention, why does Reef Finance consider centralized exchanges to have a structure inconsistent with the DeFi architecture and pose a potential security risk?
On your site we were told where the APY comes from for staking. So what I want to know is what’s the minimum we can stake, and what’s the APY we earn for staking.
$3.9 Million raised through seed funding as for Oct 15th, I’m curious what’s the total liquidity of REEF? And what companies have you partnered with to raise such an impressive amount? And lastly do your team plan to lock any of the liquidity for a certain amount of time?
I clicked the join REEF, simple question is there incentive attached to joining your platform? Or the “Join REEF” is just for newsletter?
My name is Cleo… it is not cleito haha sorry..
Polkadot and other major smart contract platforms are challenging DeFi innovations, how does ReeF Finance maximize ease of integration and compatibility with service providers in the DeFi Space?
What exchanges does ReeF Finance use to obtain reliable coverage and liquidity aggregation? What are the centralized or decentralized sources that your work team uses to base its services and products?
Building and developing a community is a determining factor in the success of a project. Do you agree with my opinion? What strategies do you do to build and develop your community?
According to your website, REEF GETS LIQUIDITY FROM EVERYWHERE – BOTH CEXES AND DEXES. Can you explain how Reef gets liquidity from Cexes and Dexes? What makes your liquidity different from other projects?
Currently, there is an extensive range of DeFi protocols and developments in constant evolution, how ready is the ReeF protocol to match the evolution of DeFi technology and its implementations in Ethereum?
According to your Roadmap, Reef will launch Smart Asset Management (v1) in Q1 2021. Can you share with us how it will work and develop Reef to the next level?
There are platforms in charge of adding liquidity but they use centralized exchanges, what solutions does Reef offer to supply this liquidity problem and find the best option for the user from a decentralized point of view?
Binance, Huobi and Uniswap are the main centralized platforms with a high percentage of liquidity. What is Reef Finance’s concept of decentralization and how does it apply it to its liquidity services?
I personally like the sources of liquidity from centralized exchanges, can users trade their Reef assets through liquidity from centralized exchanges or decentralized sources? How does this area work depending on the type of user?
The APY generated by the Reef pool comes from the income streams generated by the Reef’s ecosystem. Can you elaborate more on those income streams? How many are they? And are there plans to add to these income streams in the nearest future?
If Reef Finance obtains liquidity from CEXES and DEXES, can the project be defined as a hybrid or is it considered by the team as FULLY decentralized? on the other hand, what does Reef offer DeFi?
How is the DAO model applied to Reef Finance? Can your users participate in the governance of the project? If so, what are the requirements? Is a minimum of tokens required for this purpose?
DeFi users have to use multiple platforms to store and use their assets, this problem is solved by Reef. Fragmentation can also be positive though, increasing security by having our funds in different sites. How is Reef secure enough for users to trust all their funds to it, do you recommend it?
REEF is a platform that combines CEX and DEX and integrates all the chains. And we all know how complex is it to use DEX platforms. How does Reef Finance intends to manipulate these complexities?
A reef is a shoal of rock, sand, coral or similar material, lying beneath the surface of water. Most of the ocean animals are meeting around the Reef. Is this analogy also applicable to Reef Finance in the DeFi ecosystem? How?
When will reef be listed on a block chain platform
When will the ambassadors be paid
Reef already do private sale and what is the requirement to join in your Private Sale? Do you have plan to do Public Sale? since many investor felt difficult to invest in your project
The DeFi ecosystem faces a fragmentation problem, where users have to manage multiple addresses on multiple platforms, to access their assets and data, they have to navigate to these platforms individually. How does Reef solve this and provide a full-featured platform?
Currently DeFi projects have many liquidity issues where centralized exchanges are isolated and prone to hacking while DEXs are illiquid and difficult to use. How does Reef ensure that a constant supply of liquidity is always available to its users? With Reef can I access liquidity from both CEX and DEX?
Where does the APY for betting on Reef pools come from? In addition to the Reef Pool APY, will users get returns generated by the Smart Yield Growing Engine? What role will Reef Treasury play in all this?
The idea of Reef Intelligence Engine being an Off-chain Oracle for sourcing of Intelligence into the on-chain Defi smart contract is great.. but there are projects within this space that you could have easily integrated to provide you with Off-chain data and intelligence.. why are you creating your own engine for this and from what sources will this Off-chain intelligence be gotten from..
Your yield engine uses AI driven, personalized algorithms for smart lending, borrowing, staking and mining… whenever I read about an AI product I am always concerned about how the data needed to train and re-train this AI models are obtained and the reliability of the data.. in your case can you comment on the reliability and source of your Training Data for you AI driven platforms and how this models are able to maximize users personal profits from this data
I saw that Reef finance Joined hands with Finance.vote which is another interesting project that seeks to reward users who correctly research on how certain tokens will perform using a quadratic voting model… how will reef users benefit from finance.vote will they get any incentives for voting and participating in finance.vote platform
You recently partnered with Matic. Can you tell us what goal you are pursuing together, and how Reef Finance will benefit from this?
Tell us how Reef Yield Engine works, based on what criteria do you decide which are the best yield protocols to invest in? Can I trust their recommendations?
You say that reed finance has “perfect user usability”. Can you tell us based on what criteria you say this? Have you done tests, heatmaps or user surveys to detect improvements?
One of the goals of Reef Finance is to make DeFi accessible to all types of users, even those who don’t have crypto currencies. So, can you tell us how you pursue this goal? What features does Reef Finance have that help us decide to invest in Defi once and for all?
Currently, Reef has 3 income streams: Basket engine, protocol fees and interest paid by power users who borrow tokens from the Reef pool in order to increase their voting power. Can you briefly explain about this income streams in your platforms? Of all those 3 income streams,which do you recommend to the community?
Can you explain how did Reef utilized AI and machine learning in Reef Network? What is the big contribution of AI and machine learning in your ecosystem? What impacts did it bring? If there is an advantage by using AI and machine learning , what drawbacks did you see to it?
Helping a user who does not yet have experience with pools is very important for any project. Do you provide intellectual support? Can I count on help in choosing a more profitable pool and correctly assessing risks?
If Reef we’re not build by Polkadot, whaIf Reef we’re not build by Polkadot, what does it looks like today? What is your other choice beside Polkadot?t does it looks like today? What is your other choice beside
Polkadot?
If Reef Finance obtains liquidity from CEXES and DEXES, can the project be defined as a hybrid or is it considered by the team as FULLY decentralized? on the other hand, what does Reef offer DeFi?
Reef has interesting tech with an inclusion of multiple ecosystem and the analytics engine, AI & ML. So how does the Reef Yield Engine work to maximize the expected yield?
What date do you plan on TGE? What are the main features of the Reef token and will all of them be available from the moment of launch?
could you please give some details about the Reef Finance in Layman’s terms?
Polkadot, Matic, Covalent … I am sure this is only a small part of those who work now and will work in the future with Reef. But now it is becoming clear that the Reef team is striving not only to unite blockchains, but also to make the blockchain as transparent as possible for the user.Here they say: “I see the goal – I do not see obstacles.” What are the main goals of your team creating such a large-scale project? Is everything going as you planned in advance? And do you already see the finish line in your work, or there are no limits to perfection?))
many projects consider centralization as a big problem that must be solved as soon as possible, does Reef believe that? being so, how does it seek to eliminate centralization if it is directly involved with it?
I understand that REEF has liquidity both with Cex and Dex, but which is really the most beneficial of both for new users? Which one would you recommend me to take part in?
months ago we enjoyed a Great AMA with REEF in our Satoshi community, what really motivated you to share with us again? And how can we support you with part of the GREAT SATOSHI COMMUNITY?
How has AI improved liquidity aggregators? do you really think they are so necessary to achieve the best performance? or could they function efficiently without them?
I understand that REEF is powered by PolkaDOT, but really all the functions you want to develop in your project can be created with this chain? Or will it be required in the future to associate with the ETH or BSC chain to improve liquidity or improvements to decentralization?
What is the minimum and maximum amount of REEF native tokens that are needed to be part of the community and also to enjoy all its benefits?
For users to want to invest in a DeFi project, they must be sure of seeing a stable value in the tokens, therefore, they need to list the REEF tokens on a reputable exchange, right? In which IEO CEX and DEX do you plan to list the tokens?
would it really be profitable to bet the REEF tokens in the pool to get RPT? Does that provide greater rewards than simply holding with REEF?
These few weeks Reef Project are always announced only about their partner, partner and partner. To be honest I am as investor already bored to read all news that only about partnership, what are Reef Project already got from all of that partnership? Don’t you care with your investor who already wait announcement about your ICO/Public Sale?
The Equilibrium team has partnered with Reef Finance to deploy a high quality decentralized insurance platform. In addition, Equilibrium is a cross-market money market and acts as a liquidity provider for Reef Finance. At what stage of development is your union now and have all the tasks set by you completed?
How does Reef Finance plan to make technology in the crypto world to make history in the Defi world through its system that it presents to us?
Why choose Polkadot and No ETH, what advantages does your product offer us through Polkadot, which allows us to make this chain?
We know that CEX (centralized exchanger) have weakness with security, lack of transparency and monopolistic environment also DEX (decentralized exchanger) have problem with no liquidity also hard to use, how Reef project come to solved all of that problem using Reef Platform?
This is your 2nd AMA in Satoshi Club, may I know what are Reef Project purpose for do 2nd AMA? Is it to tell about new development that your team already do or to update proggress Q4-2020 for Reef Project? pls explain it thx
Could REEF’s global liquidity collector system experience potential risks of vulnerability in accessing market liquidity and can order books be affected by potential vulnerability risks? How do you protect against vulnerability risks?
i’m sure many things have happened since the last AMA on satoshi club, how much are you planning to raise in this stage ? Will the amount raise be enough to sustain the operations for the platform for the next 2-3 years?
Reef defi chooses polkadot because of it’s parachain communication (XCMP) and bridging mechanism, combined with the possibility to run solidity code on parachains such as Plasm and Moonbeam, use native Ethereum addresses. How much of these will be implemented at the MVP ? is there a target volume or speed that has been set by the team ?
Do you support users with poor experience in implementing and determining the best strategies in Reef yield farming? How can we identify the best strategies for lending and borrowing?
Why is Reef using Polkadot’s shared security model, and how has the Polkadot security model progressed, especially with the increasing preference of the Polkadot ecosystem in recent years?
How Reef’s interoperability layer was created and
How do you ensure both privacy and a secure infrastructure while connecting to other DeFi protocols?
What are the advantages of Reef Smart’s efficient agriculture system designed with an artificial intelligence focus and
What kind of advantages does using an artificial intelligence-focused trading engine offer in the field of increasing efficiency?
How do Reef’s smart contracts connect and work together with different trading mechanisms such as DEX, AMM, CEX, etc.?
Reef offers a Yield Engine that enables trading with access to liquidity from both CEXs and DEXs. How are the assets from multiple resources handled, just seperately, or is joint operations available also? Let’s say I have 100 USDT in CEX-A and 100 USDT in DEX-B, can I make 1 transaction of 200 USDT, or do I need to do 2 transactions?
Is the Reef Ranger Ambassadors program still ongoing? What are the benefits and responsibilities of the Reef Ranger?
You plan to integrate a FIAT Gateway to Reef ecosystem. Why is this important for you? What payment options will you be including? When do you think it will be ready?
Defi you use the Polkadot operating system why polkadot, what is the difference with the other so that the polkadot operating system ?
Why does Reef still use Ethereum blockchain while it has a slow speed and high gas fee?Do you have any plans to launch your mainet or convert to other blockchains in the future?
As we know, every successful trading platform has a few stories behind the scenes, what’s the story behind #Reef success? What was that vision when it first emerged as an idea? Are there any special prototypes or upcoming digidinar updates that you want to show/share with us?
If Reef Finance obtains liquidity from CEXES and DEXES, can the project be defined as a hybrid or is it considered by the team as FULLY decentralized? on the other hand, what does Reef offer DeFi?
wow you collaborated with Binance while Binance has BSC, will you get into BSC and have a Pool Plan at Pancakeswap?
Increase the Token price naturally, Build Community or Trader’s Trust How do you solve the problem. and Try to choose which one to focus on in your project
Just learning tokenomics:
vate Sale Token Price 1 REEF = $0.00125 USD(5.6% of Total Token Supply)
Strategic Sale Token Price 1 REEF = $0.0009 USD(8.33% of Total Token Supply)
Seed Sale Token Price 1 REEF = $0.0007 USD(7.14% of Total Token Supply)
They say that the one who first enters the project earns more. It seems to me now that private investors may be a little in a bad mood. Tell me what will you do to keep the value of the token? What deflationary instruments are provided? I think you have come up with something in order to protect capital private investors
What coins / tokens will your platform work with? Is it possible to count on the support of partner projects’ blockchains? Perhaps by naming tokens that can be used for farming today, you will start their pump tomorrow
In your roadmap por Q1 2021 you have scheduled Multi-ecosystem support. Since Reef Finance already works getting liquidity from both CEXes and DEXes, can you explain what this means?
About Reef’s Smart Asset Management, how can the users interact with the Guided Asset Management and how it works?
What advantages has the Polkadot network in order to get transactions with low gas fees mostly in this times when some platforms are experimenting volatility?
What makes Reef unique apart from the Yearn collaboration and products they are bringing everything from insurance to margin trading to tokens sets pair so how will Reef tackle such a competitor ?
Is there any plans to bring to new products such as stocks in crypto tokens or insurance products like COVER OR NEXUS MUTUAL ?
Coming to the development I think when we develop in a new ecosystem we will face a lot of troubles can you name two or three latest road blocks the team faced and how it over came or planning to overcome the problem?
Please tell me what is meant by mining through AI-driven, personalized algorithms? Does this mean that information will be collected about my person? What kind of information will be collected and how will it help to make mining exactly suitable for me, but at the same time not suitable for another user?
Can you please explain how FIAT Gateways would benefit user’s and will the access to it would be geo-location dependent ?
Do you have any timeline for migrating intelligence system to On-Chain from Off-Chain and why not choose On-Chain since start ?
You talked about using programmatic limit’s and emergency switches in case of security exploit. Will Governance have any role in these decisions in future or it would be decided by just team ?