What is REEF


Reef (REEF)

Reef Chain is a third generation, EVM-first, Layer 1 blockchain built with Substrate framework designed to make Web3 accessible to the next billion users with its simplicity, speed, low cost and flexibility.

1. Brief Introduction :

Reef’s vision is to rapidly scale Web 3.0, making blockchain fun and accessible to millions of developers in the blockchain ecosystem and onboard the next billion users to the world of Web3. Reef offers high scalability and affordable transactions for NFTs, Metaverses, GameFi and DeFi projects.

2. Detailed Information :

Reef Chain is a generation III, EVM First, Layer 1 blockchain that aims to become the Pioneer in making web 3.0 accessible to the next billion users. Reef Chain is the homeground for NFTs, Gaming & Metaverse dApps.

Reef chain has been developed using Substrate Framework, the state-of-the-art framework for blockchain innovation. Reef Chain has combined the best features from the most commonly used blockchains along with the latest advances in cryptography to offer a world class user experience.

Using NPoS consensus, Reef chain provides high scalability, enabling almost instant transactions at extremely low transaction costs, regardless of the amount of traffic.

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 storage efficiency that Reef chain provides.

REEF Is the native token of the Reef Blockchain that is used for Governance, paying transaction fees on the network, and staking.

3. Product & Governance Description :

Reef’s vision is to rapidly scale Web3, making blockchain fun and accessible to millions of developers in the blockchain ecosystem and onboard the next billion users to the world of Web3

Validators and Nominators are essential to the Reef ecosystem. Learn how to stake your Reef tokens and vote for validators. Highly technical users may also participate in validator elections to have a chance of becoming a paid block producer.

Reef Chain Development Tools include:

· Remix and EVM integrated development environments for uploading and deploying smart contracts.

· Reefscan blockchain explorer to assist with deploying validators, bonding and nominating validators, debugging contracts, and understanding network performance.

· Reef command line tools that allow developers deploy applications from local environments.

· Reef Wallet for accessing and interacting with the blockchain.

4. Key Metrics :

Token Type - REEF 20
Token Supply - 19,926,876,286

5. Private Round Price : $0.00125

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. HTX does not take responsibility for any resulting direct or indirect losses.

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