Polkadot ecosystem, the Ethereum’s Contender - Crypto Academy / S4W7 - Homework Post for @allbert


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A big greeting dear community, after reading carefully the polkadot project I would like to talk about a project that very soon will give great surprises and there are still months to go so let's start this research for the task of Professor @allbert

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1-Explain in your own words why you chose it and why you think it is relevant to the world.

The project I am going to talk about is Reef is a relatively new project in the digital market and is focused on the polkadot network, it was launched in 2020 as this project has great attributes as far as projects are concerned one of the most important is to make transactions compatible between different networks, another to be scalable. and among these many more that I will talk about in the next questions.

I see that it is a very strong project where famous traders are talking that there is very little time left for the "boom baby" so let's talk a little more about Reef.

Let's take a look at the following data:

Where I highlight the most important values.

Reef Price $0.03038
Market Rank #144
Market Cap $450,287,542.86


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Therefore I have haldeado in my cold wallet several Reff for months is one of my favorite cryptoassets.
It has a lot of potential yet to be developed and there are tremendous projects coming at the end of the year that will increase Reef's liquidity.

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2- Description of the project and its platform. (Screenshots needed)

To describe the project I want you to enter with me to the following site: Reef.finance

Afterwards we are going to talk about the project


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The design of the page is the main thing that we will observe since there is a saying that says that the first impression is what counts, Reef passed the test of the first impression, let's immediately review other features we can see that it has 3 buttons at the top right where it indicates Blog, Documentation, mainet.


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We see the networks that are compatible as I said in the beginning with Reff.

Offering the best services this can be found in "Documentation" on the top right.


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We can see the last transaction and the last block of Reef in the "Mainet" section.

LAST BLOCKS Block #1,331,012

LAST TRANSFERS 5Ec1B...8V5t6 ID= 5Ec1BECHd4exkQjsGPgyExazLFEkXssrjAbYC84DmYi8V5t6


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3- Current functionalities and applications. (Screenshots needed)

For this we need to have a Metamask wallet.

Second follow the steps strictly


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The next step is to Connect to your Metamask wallet.


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  1. Accept the terms and conditions

  2. Open with our Metamask Wallet

  3. Connect to Metamsk Wallet


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We see the options that are displayed and each of their characteristics:

*Dashboard
*Buy Reef
*Get LP Tokens
*Reef Bonds
*My Baskets
*Create Basket
*Reef Card
*About R


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There are options that are currently disabled.

But we can continue to look at the others

Here is the Reef graph


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Reef Bonds
Stake REEF and other DeFi tokens to earn APY


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The Visa Debit Card is expected to be available in a month or two at the most.

Reef Card

Get your Reef card along with its perks


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4- Future development and associated projects. (Screenshots needed)

There are Two very important developments and these could give enormous liquidity to the ecosystem in which we find ourselves are the following projects.

The Ecosystem Ecosystem Ecosytem:

It is a development based on NFT projects as well as Solana does with its network and Reef also wants to implement it in its network and it is a very important step because of the large number of communities that work right now with NFT projects and it requires advanced and compatible development as Reef is doing so I believe and I am convinced by all the fundamental aspects that this is one of the projects with more strength that brings Reef in recent times.

The second is the VISA Debit Card:

As you well know there are businesses that are accepting Token as for example SLP, shib inu, axs, doge, among others which the only source to transfer is by Binance or cold or hot wallets, thus the implementation of a debit card in the Digital Ecosystem would be a very good option to generate interaction and therefore liquidity this makes the price of Reef Rises. so it will be very good for Holders.


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5- Perform a technical analysis of the token on the selected platform, then through your validated exchange account make the token purchase (15 USD minimum). Screenshots and an explanation of the procedure are required.

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In the technical analysis we will see it in 4h.

We see an ADX without strength but very careful because it is trying to turn.

We have an RSI in neutral where it indicates a range on the chart.

On the chart we see that a range is forming in a low volume correction, this means that people are not selling but they are not buying either.

So I could say that it is a rising range for the next few hours in the market.

The moving average lines creating a golden cross pattern indicate the continuation of an uptrend and that it is currently in a correction process to continue rising in the future.


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Buy $15 in Reef on Binance:

We will buy 15.32USDT

We will get 513Reef

At a rate of 0.02990USDT X Reef


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Here we see in balance the 513 Reefs that were bought to soak them. and I will buy more later as time goes by and I can get economic income. before it goes up.


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Conclusion

It is a new platform where I see a great potential is very strong and solid now with these two projects and one backed by VISA we will see even more interest from many investors trying to buy Reef to make different transactions, as we see that it is a great platform that helps us with scalability to give liquidity to other projects and helps with the problem of incompatibility with other networks we see that it is also positioning itself with the NFT tokens not fungible. something that called enough my interest was the great power that have this project in influencing the other networks.

Cc:
@allbert

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