Reef

Meet Reef

Reef is the future blockchain for DeFi, NFTs, and gaming
Our layer 1 blockchain is fast, scalable, has low transaction costs and does no wasteful mining. Reef features next-gen blockchain technology, utilizing Nominated Proof of Stake, extensible EVM, on-chain upgradability, libp2p networking and state of the art cryptography.
Powered by the native $REEF coin, our current ecosystem is home to numerous dApps building NFT marketplaces, wallets, security protocols, and more.

The Reef Web3 Ecosystem

Ecosystem

Reef Web Wallet

Your main portal for everything Reef! Create wallets/accounts, download chrome browser extension, track transactions and view NFT's.

Ecosystem

ReefSwap

ReefSwap is a decentralized exchange that anyone can use. Right now, it’s in testing mode — but anyone can try it! There’s a small batch of tokens there for you to play with. So go have some fun and enjoy testing this awesome Web3 dApp.

Ecosystem

Reef Mobile App

The Reef Mobile App will be your phone’s home for all things Reef. We’re still developing the app, and it’s UX, to make sure we give you the best experience possible.

Ecosystem

Reef Pad

A completely permissionless launchpad that will move us into the future. There’s nothing like it yet. Reef Pad will feature lots of interesting curation mechanisms built into due to the high demand from projects to run initial DEX offerings (IDOs) on Reef.

Faster, Reliable & More Enviro Friendly

Reef vs Other Blockchains
xBitcoinxEthereum
 
Type
Consensus algorithm
Energy Consumption
Finality
Block Time
Max Block Size
Throughput
Smart Contracts
Validators
GitHub Stars
Applications
Founding Year
On-Chain Upgradability
Working Product
Transaction Fee
Market Cap ($BN)
Reef
Layer 1 
Nominated Proof of Stake 
0.00 GWh 
40 seconds 
10s 
3.75 MB 
465 
Yes, EVM & WASM 
24 
132 
2020 
Yes 
Yes 
$0.02 
$0.17 
Bitcoin
Layer 1 
Proof of Waste 
 
3600+ seconds 
~600 seconds 
<2 MB 
No 
 
62,702 
 
2009 
No 
Yes 
$26.89 
$808.37 
Ethereum
Layer 1 
Proof of Waste 
112500 GWh 
600+ seconds 
~17 seconds 
1.875 MB 
14 
Yes 
 
36,201 
5,000+ 
2015 
No 
Yes 
$12.76 
$361.03 

All-Access for Devs

Developers can easily and quickly build — or migrate their dApps onto — Reef with our thorough and comprehensive dev docs.

A Diverse Ecosystem

Welcome, builders and collaborators, to ReefChain!
sqwid
klever
hypersign
shieldprotocol
fearless
mrdapps
mosaic
onfinality

A Vibrant & Active Community

Join us on Twitter for the latest happenings at Reef.

Tokenomics

Below we specify how the REEF tokens were distributed within the Reef ecosystem.
Reef
3%

Binance Launchpool

3.5%

Lockup / Core nominators

20%

Community reserve fund

8%

Seed Round investors

9%

Strategic Sale Investors

6%

Private Sale Investors

16%

Team members

12.5%

Reef Foundation

22%

Liquidity / Ecosystem bootstrap reserves