Sep 8, 2021
ethbox x Reef.finance
Strategic Integration Announcement
It is with great pleasure that we are announcing an collaboration with the brilliant team over at Reef Finance. Reef Finance is a well-known up and coming DeFi chain with a host of connections to multiple projects and exchanges.
Reef started off as a DeFi platform that enabled trading with access to liquidity from both CEXs and DEXs among other decentralized finance options and have quickly progressed to building their own chain based on Polkadot’s Substrate, that is fast, scalable and most importantly cheap to use!
Our collaboration with Reef hosts a range of potential benefits:
- Our users will be able to save on gas fees, especially during these incredibly expensive times for ETH where gas fees can be as high as 1000–2000 gwei.
- We are able to reach out to more up and coming projects that could benefit from our B2B DeFi services such as our in-wallet staking and our soon to be released Investment Platform Service.
- Our users will have more freedom of choice with which chain they would like to use with ethbox’s escrow services.
- It will allow more tokens to be supported within the escrow app as a result. Sending and trading Reef-based tokens will soon be a possibility through ethbox’s escrow app.
- It will allow us to make the first steps towards the Polkadot ecosystem and will open the path for further partnerships as our name propagates and becomes more well known across the crypto sphere.
In the coming weeks, we will be integrating our core escrow service onto the Reef Chain, granting an even greater number of users the ability to utilize ethbox’s escrow services and benefit from our signature transaction protection with reversible transactions, trustless OTC trading and privacy-enhancing features.
Integration of our B2B services will be coming too, which will broaden our reach of potential business customers and revenue building capabilities. There’s a lot going on over at ethbox, and we’re just thrilled to have another solid team along for the ride. Stay up to date with our progress by joining our Official Telegram Community and Announcement Channels!
About ethbox
ethbox at its core is a set of blockchain tools that gives customers everything they need to send, receive and trade digital assets in a safe and secure manner and empowers businesses to adopt flexible, reliable crypto services into their offerings.
Users no longer need to worry about sending transactions to the wrong address, or ensuring that their transactions are secure and private — ethbox has you covered. ethbox gives token and NFT holders the ability to conduct private trades without the need for a centralized exchange. Trustless, no account setup, no red tape — Just connect your wallet and start using it.
About Reef.Finance
Reef Finance is building Reef Chain, a DeFi blockchain built using Substrate Framework. Reef Chain provides high scalability, enabling almost instant low-cost transactions, and supports Solidity and EVM, allowing developers to seamlessly migrate their DApps from Ethereum without any change in the codebase. Our vision is to make DeFi easy for everyone to invest in and build DeFi applications on top of Reef Chain.
Reef Finance has developed a fast, scalable, and EVM-compatible chain for DeFi applications, Reef Chain. Reef Chain is currently in the canary version of the mainnet and the official mainnet is due to launch in the next couple of weeks. Reef Chain is a customized blockchain that allows developers to build DApps or deploy existing projects from Ethereum.
