REEF - what am I in for?

[Anonymous No.29289378]

Hey guys, realtalk please... The FUD is so strong that I am a litte bit in doubt.

I watched the AMA and in my opinion Denko was based.
I watched the project-demo on youtube and it looked great to me.
I believe in this project and actually I am not a fag selling at a bigger dump but I think somehow the other people are so influenced by the FUD that the project is doomed anyway.

[Anonymous No.29289489]

>>29289378

[Anonymous No.29289637]

>>29289378
Reef was the primary reason I decided to put money into crypto. Bought it at around 25c, sold all my bags at 45c days ago when I saw the autists dodging the question about 0.5 billion added to the market.

[Anonymous No.29289739]

>>29289637
I think they released it so it didn't pump unnaturally so it wouldn't just be a pump and dump coin but what they did was dead set dodgy.
I have 10k reef so no big loss if it tanks but I don't like the shady shit.

[Anonymous No.29289809]

>>29289739
>>29289378
they 'minted' another 80 million coins and transferred it into binance wallet, you can see it in the bsc explorer lmfao and the admins on the telegram saying they are locked.

[Anonymous No.29289883]

>>29289809
That sounds pretty bad

[Anonymous No.29290047]

>>29289883
>>29289809
just realized it was actually 170 million, didn't check the supply on friday

[Anonymous No.29290050]

>>29289809
>>29289883
They explained that the minted tokens are being added to Binance Liquidity and will be locked there since its being added as Liquidity. That makes sense and is normal for a token with the amount of Volume that Reef is seeing. He also mentioned how Reef has been constantly manipulated by whales and pump and dump schemers. He mentioned the growth of reef as 'too fast' and talked about how some of these Liquidity funds will be used as downpayment for the parachain auctions coming up. Github codebase is being publicly released soon and so are the Substrate developers. Patience. This is a long haul project and Denko doesn't want it being manipulated by scammy pajeets.

[Anonymous No.29290062]

Denko won't be able to show his face around crypto again.
As soon as it hits 4.6 cents again im out.

[Anonymous No.29290115]

>>29289378
Yeah the short term pajeets that thought it was a get rich quick scheme are being utterly fucked. Which i like :) . Can't wait for the parachain auctions, Reef will be one of the ones im supporting.

[Anonymous No.29290218]

>>29289378
Total loss

[Anonymous No.29290281]

>>29289809
what the FUCK

[Anonymous No.29290322]

My reefies stay beefy. I’m going to accoooomulate moar

[Anonymous No.29290604]

>>29290050
>scammy pajeets.
Those are literally his vc investors. Research the firms that funded this project.

[Anonymous No.29290612]

They gonna burn tokens in the future

[Anonymous No.29290683]

this is going to 50% in the next 48 hours. just market bought 50k more. seethe fudders

[Anonymous No.29290705]

>>29290050
you do realize that is market manipulation, let's increase the token supply in 14 days from 1.2 billion to 6 billion because people are memeing with the price!!
he shouldn't give a damn shit about this.

[Anonymous No.29291204]

>>29290705
It’s literally his project, I’d say he can give shits about it

[Anonymous No.29291295]

>>29290612
I heard that in the AMA, but what does that really mean anon? Explain to me like I'm retarded. The fud is really strong, it gives me chainlink vibes. I don't want to sell my bags to these pajeet fudders.

[Anonymous No.29291309]

>>29290705
The fact he's making is that you would only care about short term supply if your only in it for the short term. 20 billion is still capped, they didnt expect this level of volume and whale participation and so they revised the schedule in agreement with Binance. This has little difference in the short term and i understand his reasoning. If you don't like it then fair enough, I don't blame you but like I said, I've been in Reef since the launchpool, I was accumulating at the 1 cent range, i'm in it for the long haul.

>>29290604
A lot of Chinese investors but thats normal in these Dot Parachain projects, look at similar ones. You also made me realise that Master Ventures (Kyle) is invested in Reef after just checking so thats pretty bullish. I like Kyle. PYNX is also a solid investor with investments in Injective, Manta, Kylin, Room. Seems okay to me. Maybe its cause im an old reef member and i fucking hate the paki telegrams so this fud is old and boring.

[Anonymous No.29291484]

>>29289378
Here's the thing fren, what they're claiming they will do is no different from every ETH killer in the last cycle. They're finding a problem and claiming they will solve it. That's it. That's what they are selling the project on. On the flip side,
>Penis
>Russian roastie off Fiverr
>Team dumping tokens
>No transparency on token supply
>AMA worse than Justin Sun in the fap dungeon (look it up)
>"Team" consists of one guy and some Pajeets
>No history in crypto
I could go on but if this isn't enough then you deserve to hold bags

[Anonymous No.29291599]

>>29291484
Also, frontier does everything Denko is promising right now, and it was built by a bunch of pajeets that used to work at Denko's biggest vc investor.
Don't buy frontier though. Already pnd'd, plus it's built by brown people.

[Anonymous No.29291636]

>>29291484
>Penis
bitch what even is this fud? explain you retard
>Russian roastie off Fiverr
what?
>Team dumping tokens
they explained in the AMA
>No transparency on token supply
that's coming soon
>AMA worse than Justin Sun in the fap dungeon (look it up)
>"Team" consists of one guy and some Pajeets
team reveal soon
>No history in crypto
check his linkedin...
I could go on but if this isn't enough then you deserve to hold bags
kys.

[Anonymous No.29291787]

>>29291636
Good luck bro. I had 1eth in this at $.02. Rolled out at $.045.
Even if Denko is 100% legit, he doesn't have the juice to pull it off, and there's already working comparable products out there (just not on dot).

[Anonymous No.29291824]

>>29290050
>>29290115
>>29291309

Thanks for the detailed replies you're doing a better job then Denko himself explaining the situation.

[Anonymous No.29291844]

reef is going to 8c in the next week. cap this
digits confirm

[Anonymous No.29291869]

I'm not here for the project, I bought into this as a trade and then got wrecked suddenly by the extra coin supply release and got stuck bagholding, when is the next major event actually happening?

[Anonymous No.29291872]

>>29291484
Thank you for worrying about my financial well-being my friend I just doubled my stack

[Anonymous No.29291902]

>>29291844
oooooooooo

[Anonymous No.29291908]

>>29291844
holy shit. checked...

[Anonymous No.29292004]

>>29291869
Next major event is Penis, uh I mean Denko, no actually Penis dumping the rest of his tokens and claiming it's to help the project long term. Home boy gunna Charlie Lee your ass

[Anonymous No.29292161]

>>29291872
Not him but
To be fair, op asked
>what am I in for
Only reason I'm here. I don't get off on fudding.

[Anonymous No.29292192]

>>29292004
Great, if this isn't a joke this trade attempt is one of my greatest failures in awhile, guess I should have looked a bit closer into the tokenomics.

[Anonymous No.29292261]

>>29292192
next event is Basket launch expected Q1

[Anonymous No.29292266]

>>29292192
They completely changed the tokenomics a few weeks back with no official announcement. Just a post in telegram.

[Anonymous No.29292289]

>>29291636
>https://old.reddit.com/r/ReefDeFi/comments/ll9yvo/our_ceo_previously_known_as_penis_detrov_involved/?sort=confidence
it's over

[Anonymous No.29292394]

>>29292261
thanks, guess I'll be bagholding until then, hopefully it doesn't fail and goes up

[Anonymous No.29292483]

>>29291636
Are you literally this retarded ?
If you're genuinely able to use google and are saying this shit then you must be..
Dude Sergey selling was literally on 0 levels comparable with every escapade in reef. You're gonna end up holding the bag..... I wish you the best of luck and other anons tried to help you but yeah.....

[Anonymous No.29292499]

>>29289637
Similar story. Got into crypto, made a goodboi portfolio with BTC ETH and shit, decide to gamble with a small part. Reef project is ambitious and very prone to success. Then the aweful TG. Then the aweful communication (a fucking meme song contest, really?). Then Penis Detrov. Then massive token dumps "but it's to stabilize the price bro".
I sold my bags with a small profit last week and now stare at the sinking ship.
There is a big difference between some pajeet FUD and the whole collection of redflags Reef has.

[Anonymous No.29292573]

>>29292499
I saw they even suppressed that pump attempt by the Japanese group on telegram, hoped I could exit with that momentum, price didn't even budge.

[Anonymous No.29292575]

>>29289378
I own none of this but KSI, one of the biggest youtubers in the world is going on stream with Cobie this week and has a fat bag of reed. Adjust accordingly

[Anonymous No.29292592]

>>29292394
You probably should've cut your losses around 4.5 like any sane person but I wish you luck on the exit.

[Anonymous No.29292607]

>>29289378
Penis to dump loads on you

[Anonymous No.29292696]

>>29292499
You're a smart man

[Anonymous No.29292718]

>>29289637
It was nowhere near 45 when that happend. Kkekekekek

[Anonymous No.29292723]

You guys selling weeks before Basket launch are seriously brainlets ngmi

[Anonymous No.29293026]

>>29292723
The sheer pajeetery of everything else in this product overshadows all potential.
As a result of the deep dive of research I did related to this project, I found a few potential gems though.

I cut the morning they announced the song contest btw. Planned on reupping after the price stabilized post binance trading contest, but the actual research on LinkedIn and digging through Denko's vc backers, in conjunction with the meme tier song contest, sent me looking for new projects.

[Anonymous No.29293154]

>>29291844
nice

[Anonymous No.29293198]

>>29292723
Most are fudders who are still trying to accumulate cheap. Some are pajeets and low IQers who fell for the fud along the way and some just like to troll Reef because KSI.

[Anonymous No.29293395]

>>29291295
https://www.investopedia.com/tech/cryptocurrency-burning-can-it-manage-inflation/

In short it’s about removing a certain amount of the circulating tokens (not the ones being held by you and others). This is done to slow down inflation. Binance burns BNB four times a year for example.

[Anonymous No.29293441]

>>29291787
>just not on dot
And there’s why this is worth holding