Dear community users:
Zhenbi will launch the REEF/USDT aggregation trading pair on December 29, 2020 at 14:05 (UTC+8).
As REEF is an aggregated currency pair, it will not be open for depositing and withdrawing coins for the time being. The opening time for depositing and withdrawing coins will be announced in an announcement.(For more details on the converged exchange currency rules at the end of the article)
About REEF (REEF Finance)
The Reef is the original functional token of Reef Finance.Reef Finance is a multi-chain intelligent revenue engine and liquidity aggregator that can be integrated with any DEFI protocol.Reef Finance lowers the technical barriers for retail investors to enter the DEFI space, while making decisions more efficient based on the user's level of risk.
The white paper: https://reef.finance/resources/ReefLitePaper_v100c.pdf
About the converged exchange coin pair
As for the coins purchased/sold by users in Zhenbi, the aggregated trading system will hedge the purchase/sale of the same amount in other exchanges, so the assets purchased by users are still the real assets with sufficient reserves, and users can trade at rest.
Aggregated transaction is a very mature transaction mode in the industry. The purpose of Zhenbi's launch of Aggregated Transaction is to quickly meet users' demand for trading new hot assets.
Zhenbi's aggregated trading system uses local matching of external hedges, so the latency and experience are exactly the same as for local trading pairs.
Zhenbi will evaluate the number of users holding coins in the corresponding currency.Aggregate transactions with a large number of currency holders will consider docking supporting wallets after passing the review, so as to meet the demand of currency holders.
Digital assets are innovative investment products with large price fluctuations. Please judge your investment ability rationally and make investment decisions prudently.
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Zhenbi operation team
December 29, 2020