Reef Fully Integrated Into Binance
Reef fully integrated into Binance, a cryptocurrency exchange which is the largest exchange in the world in terms of daily trading volume of cryptocurrencies.
Reef was a title sponsor at the Binance Blockchain Week 2022 in Dubai from March 28–30. During this event, the team formed many new relationships with hundreds of marketers, developers, and founders, while strengthening the existing relationships. It was a great event where Reef made sure that Reef really stood out among the crowd.
Reef is elated to announce that millions of Binance users can now move their REEF tokens, via Reef Chain, in and out of Binance. That is right! Binance has successfully integrated the Reef network, which now allows their users to deposit or withdraw REEF tokens only at the network cost of 10 REEF per transaction.
Binance is the number one centralized cryptocurrency exchange platform facilitating over $16 billion in daily trade volume as of today, and a capacity to fill more than 1.4 million orders per second. Binance officially announced that users can withdraw REEF once their hot wallets have sufficient REEF deposited, which is available as of this time.
The withdrawal fee on Reef is only 10 REEF, making it less than half the cost to withdraw REEF to BNB Smart Chain, and 300x less expensive than withdrawing to Ethereum!
ABOUT Reef Chain
Reef Chain is a layer 1, Substrate based blockchain that is the most advanced Ethereum VM-compatible blockchain available. It’s self-upgradable and has on-chain governance. Its infrastructure also allows for EVM extensions which allows for native token bridge, scheduled calls (ie. recurring payments), and smart contract in-place code upgrades.
ABOUT Binance
Binance is a cryptocurrency exchange which is the largest exchange in the world in terms of daily trading volume of cryptocurrencies.
RESOURCES
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