REEFReef (REEF) Price

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%