The Middle East Blockchain Awards (MEBA) are one of the most anticipated crypto and blockchain events in the crypto industry, taking place in the United Arab Emirates.
The MEBA named the Reef Chain the “Most Promising Web 3.0 Ecosystem Interface of 2022.” Many awards followed, including one for the Bybit, which was named the ‘Best marketplace for NFT buyings in 2022.’
The Reef is a blockchain that is specialized to Decentralized Finance (DeFi) and is also EVM compatible. The Reef chain is, in fact, entirely oriented as a Web 3.0 interface.
Furthermore, the Reef Chain astounds with its lightning-fast transactions and low transaction costs, owing to its Web 3.0 blockchain being quicker, better, and far more cost-effective.
Overall, the Reef Chain incorporates both On-Chain Management and a Substrate Framework during its creation.
The REEF is the platform’s native token, and it is used for a variety of finance-related services such as trading, liquidity mining, staking, investments, and much more.
Furthermore, the Reef Chain combines and permits the integration of both DeFi and Dapps, which are all updated immediately without any forks on its blockchain.
The Reef is one of the most futuristic Web 3.0 chains, as it allows and combines the integration and unity of all the latest blockchain technologies, such as on-chain upgradability, libp2p networking, Proof-of-Stake consensus, EVM extendability, and cutting-edge cryptography.