Reef (REEF) Price
Reef#660REEF News
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There is a team called Sponsian Studios, based in @Liberland_org, building a fork of @smoldapp for Reef Pelagia. They told us they plan to launch on testnet next week, and should have the ability to make Safe multi-sig wallets.
There is a team called Sponsian Studios, based in @Liberland_org, build a fork of @smoldapp for Reef Pelagia. They told us they plan to launch on testnet next week, and should have the ability to make Safe multi-sig wallets.
Did you get your $REEF drip today?
Here's a brand new tutorial for you, showing off how to use @MosaicProtocol's testnet app on Reef Pelagia! Start-to-finish with a quick explanation of Mosaic, getting testnet reef:native from the faucet, opening a trove, and depositing MEUR into the stability pool. Everyone is welcome to participate, find bugs, and help ensure Mosaic has a flawless launch on Reef mainnet when it’s ready.
Reef Pelagia testnet is live. Build. Test. Deploy. Full EVM compatibility. Sub-cent fees. Compliance-ready infrastructure. Start building with the docs link on $REEF's website.
REEF Info
1. Project introduction
Reef chain is a “Reliable, Extensible, Efficient, & Fast” Layer-1 Blockchain that has been designed to power Next-Gen DeFi, NFT & Gaming dApps.
Reef chain provides high scalability, enabling almost instant transactions at extremely low transaction costs, regardless of the amount of traffic. This is enabled through the Nominated Proof of Stake (NPoS) consensus algorithm which doesn’t involve any wasteful mining, but supports much higher scalability compared to Bitcoin and Ethereum’s Proof of Work.
Reef chain is EVM compatible and supports Solidity. DApp developers can seamlessly migrate their existing dApps from Ethereum to Reef chain without any change in the base code, allowing them to enjoy the higher transaction throughput and blockchain storage efficiency that Reef chain provides over legacy Ethereum.
2. Team introduction
CEO & Founder: Denko Mancheski
Linkedin: https://www.linkedin.com/in/denkomancheski/
CGO: Prof. Ashutosh Sahoo
Linkedin: https://www.linkedin.com/in/prof-ashutosh-sahoo-544004b/
3. Investment institution
NGC, Genesis Block, Woodstock, Bitcoin.com, Kenetic, LD Capital, PNYX, Krypital Group, Master Ventures, TRG Capital
4. Application and distribution
Total supply: 19,656,256,256
Token application:
Fees for processing transactions and storing data.Running validator nodes by staking REEF tokens.Nominating which validator nodes should be part of the network.
Token distribution:
Developer pool & faucet: 3%
Lockup/Core nominators: 3. 5%
Community reserve fund: 20%
Seed Round Investors: 8%
Strategic Sale Investors: 9%
Private Sale Investors: 6%
Team members: 16%
Reef Foundation: 12.5%
Liquidity / Ecosystem bootstrap reserves: 22%
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