We are pleased to announce our next AMA on September 29th 2020 at 02:00 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. 4 Questions will be selected from our website – please submit your questions in the comments section of this post. 2 Question will be selected from
Part 2: 100$/10 users – Open chat for 80 seconds. You can post Max 5 questions. Reef Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Reef
For more details:
Reef – @reefdefi
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Litepaper is not available for direct download on the site. The user is prompted to enter a name and email address. I did this, but did not receive the message and could not see the document. Are you planning to make Litepaper available for direct download?
The site says that Reef will allow to create a global synthetic order book, which means infinite liquidity at best rates. But will users need to register additional accounts to complete trading operations if centralized exchanges are the liquidity provider?
when a child is expected, the name is one of the most important things, because he will carry him forever. How and why was the name Rio chosen? Good luck to the project and team. Congratulations and success! I’m with you!
What are the major innovative contributions that Reef Finance brings to the DeFi ecosystem, and how they
can improve the experience of users in the management of their finances?
What makes Reef Finance different from the rest and who are your main competitors in cross chain niche?
As Reef introduced Reef yield engine for the yield farming lover , How Reef farming is better than other farming project ? What type of problems do you think farming project have and how reef yield overcome these problems?
Why did Reef Finance choosed polkadot ecosystem instead of Ethereum ?
How does Reef use cross-chain technology? What advantages does Reef have over Cosmos, Oracle, etc?
since different defi protocols have different interest rates and you guys are trying to aggregate the liquidity. How do you guys manage the different interest rates?
Could you please elaborate more about your tokenomics (portions to be sold in private / public sale) & about
the planned unlocks after them? What’s the total supply?
Security & scalability are the two main aspects that are very important at the enterprise level, how Reef handle these issues?
Reef is a smart liquidity aggregator and yield engine that enables trading with access to liquidity from both CEXes and DEXes. So as the number of users increases rapidly, What will be your plan to ensure sufficient liquidity ? And how effective it will be?
In DeFi users have to use multiple platforms to efficiently store and use their assets, this problem is solved by Reef. Fragmentation is also positive, increasing security by having our funds in different sites. How is Reef secure enough for users toctrust all their funds to it, do you recommend it?
Reef is essentially a Global Liquidity Aggregator. It reminds me of Orion Protocol, what makes Reef really innovative and not more of the same?
How safe and secure is REEF Finance from the malicious attacks from hackers and various blockchain attacks?
Can you give an overview of $REEF tokenomics? Will the design of the token rise and fall with the success of the platform, does it include any scarce paths, such as equity, storage or burning?
Investors seem to only care about the price of the token instead of the real value of the project, how does your team attract newcomers and keep members long-term with the project? What is the real value of $REEF?
Will KYC be required to trade on Reef?
Reef Protocol is a DeFi operating system Powered by Polka-dot 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
Reef yield engine uses AI driven, personalized algorithms for smart lending, borrowing, staking, mining in order to maximize users profits can you explain what kinds of data this personalized AI algorithm uses and how it is able to agregate this data to help maximize users profit without complexities was the initial data used to train the algorithms sourced from other DEFI protocols?
One of the major components of Reef protocol is the machine learning and AI powered DeFi yield engine… One of your aim is to simplify the use of DeFi protocols for all users.. How does this Reef yield Engine help in realizing this goal in ensuring less complexities in the use of DeFi protocols?
Why do you decide to integrate Chainlink Price Reference Data oracle networks to your project? How will this allow the platform to perform better? Thank you!
Why did you decide to be a cross-chain DeFi protocol? What advantages does this offer? Also, could it be said that Reef is a hybrid between centralized and decentralized? Thank you!
As a developer, how can I quickly get my application connected to Chainlink Price Reference Data on the Reef platform? Which are the requirements? Thank you!
• How does Reef add the liquidity of Cexs? Do you have a master account or do I need to have an account in each of those exchanges?
• Trader’s best friend is liquidity, and that’s what Reef offers. How are the fees for using Reef? Are they the same as in the Cex or much higher? Is it profitable to trade with Reef?
• How does Reef determine which projects are high risk and which are profitable to redirect my money? Are my funds safe with Reef DeFi?
How cheap would the gas fee be to trade on Reef?
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many scam projects, and yesterday this group was hit by a scam project. if your project is Good and Not a scam How do you get us and them to trust your project?
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You create a new project. how to promote this and what are the main spearheads Reef, to attract the public and investors
Why enter the Polkadot Ecosystem, what makes it different from other Ecosystems. whether the transfer fee, transfer speed or security?
It is known that Dex platforms are really complex to use, how much more will you manipulate a platform that combines CEX and DEX and integrates all the chains? or does it really have a practical and simple interface?
is it really necessary to develop the RPT tokens that represent the proportionality of the assets that users have? Why not just use $ REEF and represent them with a “x10” (depending on the proportion)?
Does REEF seek to partner with all exchange platforms, both CEX and DEX? Or is it more than enough with the IEO platforms you are associated with?
really CEX exchanges have the problem of being hacked, while DEX have no liquidity, REEF really manages to solve both problems by adding intelligent liquidity? with that would overcome all the problems?
Reef Performance Engine Really Generates Higher Capital Rewards From Users? If not, what benefits will they generate? do they simply provide better strategies?
really why call this project “REEF”? What is the meaning of this word related to the project?
With Reef, you can really integrate both DEX and CEX finances and any type of chain to DeFi finances without any inconvenience or higher consumption of fees? This is achieved thanks to the practicality of Polkadot?
what is really the mission and vision of this Reef project? simply develop a DeFi finance platform that allows integration between multiple chains, thus managing to provide intelligent liquidity to your finances?
You say that “they investigated various oracles, but ended up choosing the sources of Chainlink price references”, really what other oracles investigated and why prefer Chainlink over the rest?
I am very impressed. Where does the name of this project come from? I guess it’s related to the shark in the logo hehehe. Could you explain to us the reason for all this?
You mention that Reef is an “intelligent liquidity aggregator”, but in simple terms (for users with little knowledge of the subject) what does this mean? Is it just access to various CEX tokens like DEXes for trading or something else?
A question about Reef’s smart mining service: How profitable will they be? Will they have several mining plans or what do they have in mind?
Reef being the first cross-chain DeFi smart platform built on Polkadot has certainly garnered a lot of attention. What will be the main milestone of the team and which Centralized exchanges (CEX) and Decentralized exchanges (DEX) will be on boarded first?
“Trade at best price”, “earn the best return of staking…” How do you assure the “BESTs”, what mechanism of your system provides all these features?
how’s big is the reef finance team ? what is biggest motivation to start reef.finance ?
Where are the operations (such as trading, staking, lending) done, on Reef or does Reef redirect users to the sources?
Why have you prefered Polkadot? What are the advantages it provided for Reef Ecosystem?
Can you describe how the Smart Asset Management works ? Do we need to paid subscription for the personalized AI powered baskets + Auto rebalancing ?
Reef is able to connect several DeFi Protocols including Uniswap, Kyber, Compound, etc. What is the infrastructure that performs this ability?
“The first cross-chain DeFi operating system” Why do you call Reef as an “operating system”?
What is the mission of “Reef Yield Engine”?
The Reef Intelligence Engine is an Off-chain Oracle, but why you don’t chosen an On-chain version?
Considering the huge Yield farming competitors as Compound or curvefi, can you tell me why Reef Yield farming is a better option to chose?
How is possible to Reef obtain Liquidity of DEX and CEX platforms at the same time? Which mechanism is able to archieve such performance?
Recently Reef DeFi announced the Partnership with CHAINLINK, so what is the objetive of this strategic cooperation?
Why Reef DeFi chose Polkadot over Ethereum to built the platform? Which unique advantages brings you this?
The CEXs are the targets of hacks and the DEXs, How Reef DeFi solve this problems in just one place?
To grow exponencially is required a good and strong community, so what are your plans to become more known and obtain more popularity ?
So many DeFi Protocol are builded in different Smart Contract Languages, so can you tell me How you are able to link them all?
How many types of assets can be used into the Reef DeFi ecosystem?
Recently ₴REEF Announced partnerships with Chainlink Price Reference Data oracle networks to power their cross-chain smart asset management platform, apart from this how importanance of this partnership for both parties?
While going through your project I found many times you have mentioned fragmented liquidity?
Can you explain this term fragmented liquidity?
And who are your initial pool liquidity providers?
“YEILD FARMING ” has become the new ICO 2.0
What is your view on the current DeFi hype cycle?
What do you think is the most important ingredient to success as a DeFi project?
And how confident #REEF team is for ability to execute on your VISION?
I have been keep on hearing this new term “Cross-Chain” technology, can you tell us in laymens language what is this cross-chain technology and its importantance of #REEFDeFi ecosystem?
How #REEFDeFi brings liquidity for both CEXes and DEXes?
And your plans to attract more pol liquidity provider?
What reefdefi is doing for more adoption? How friendly is platform for on-boarding and maximum profitability to users?
How does Reef connects all the Defi Protocols in cryptospace? What potential of Reefs that cannot be seen to other platforms with the same services as you?
What is the biggest contribution of Polkadot in your platform? Are you being satisfied with their services? What Reefs look like if not being supported with Polkadot
How does Reef operating system works across many blockchain and Defi Protocols?Can you explain it’s process and strategic way?
The ReefDeFi project is being powered by the Polkadot blockchain. Why not on Ethereum blockchain instead and do you believe that the Ethereum 2.0 will launch successfully?
Could you please tell us more about the Global Liquidity Aggregator? Why is it required and is there an app for using it?
Why is ReefDeFis Intelligence Engine built off-chain? Why is it better than building it on-chain?
Would it be possible for ReefDeFi to interact simultaneously with both CEXes and DEXes?
The “Reef Yield Engine” which is mentioned on your website is claimed to be cross-chain over blockchains. What kind of features does it include to maximize the expected yield?
How does the Intelligence Engine operate off-chain? Does it operate in real-time or are there some delays?
You recently partnered with Chainlink to power your cross-chain DeFi platform. Their oracles are rather transparent but besides this, what kind of guarantees do you expect this partnership to bring to your users?
Do you store any user info through your platform or is completely decentralized through API keys & by using some brokers?
Considering that you’re operating cross-chain over blockchains – how do you plan to benefit from both the decentralized and centralized worlds?
Why did Reef choose to build on Polkadot ecosystem?
What is the advantage using Polkadot for Reef?
How does Reef handle cross-chain issues like slow Transaction speed and high fees?
Chainlink recently made great move in defi space, and Currently Reef made parnership with Chainlink..
What’s the feature that develop from this partnership?
a few days ago we both heard a news headline entitled ‘hacking’, how do REEF think about it ?? well, the most important thing is how REEF prevents and protects assets from similar incidents?
How does risk management work at Reef? Will users be able to choose baskets according to their risk level?