Reef Finance Announces CoinFantasy is Coming to Reef Chain, Bringing NFT Fantasy Gaming to Reef

Reef Finance is thrilled to announce that CoinFantasy, the prize-pool-based fantasy game where users win prizes for predicting the outcomes of tokens, is coming to Reef Chain! CoinFantasy allows you to use your skills and knowledge to make predictions, bringing a simple derivative product to Reef in the near future.

CoinFantasy is aiming to expand a niche space into a multi-billion dollar opportunity at the cross-section of the cryptocurrency market, NFT market, and the crypto gaming market. With an obtainable market of roughly $100 billion, there is a large, untapped opportunity awaiting CoinFantasy and the Reef ecosystem.

Deploying CoinFantasy on Reef will make it possible to:

• Allow users to issue NFTs to repeat users
• Issue rewards to active contributors
• Launch the world’s first NFT launchpad for game participants and organizers
• Allow organizers and participants to borrow against their assets within the CoinFantasy platform
• Access liquidity across Reef Chain, Ethereum, Polygon, Avalanche, NEAR and other blockchains

“The CoinFantasy team is excited to deploy our skills-based fantasy game on Reef Chain! Reef’s developer and dApp ecosystem is already so comprehensive, but CoinFantasy fills a major gap in the market that not only provides earning opportunities, but is fun to use! We’re excited for the full launch on Reef as soon as possible.”

- Harish Karthik G, Co-Founder of CoinFantasy

In all, CoinFantasy wants to take complex processes and break them down through a better user experience and simplified user interface, allowing game organizers to easily create contents, and participants to join games effortlessly. And, of course, a token for decentralized governance over the platform, along with several other utilities!

“Reef Finance’s Reef Chain is the blockchain built to make cross-chain DeFi accessible to everyone, and so we could not be happier to know that CoinFantasy will deploy this amazing new platform on Reef. Their team is combining some incredible TradFi and decentralized elements here, and I’m incredibly confident the Reef ecosystem will enjoy playing these games.”

- Denko Mancheski, CEO of Reef Finance

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.

About CoinFantasy

CoinFantasy is a decentralized, fantasy gaming platform for crypto-financial marketing, using non-fungible tokens. CoinFantasy’s self-appointed Game Organizers create games where Game Participants can use skills and knowledge to predict the outcomes of the tokens in the game, maximizing the number of points earned at the end of each game in their respective pools. Follow CoinFantasy on Twitter and LinkedIn.

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