Reef Chain is an EVM compatible blockchain that uses Nominated Proof of Stake (NPoS). Reef offers a fast, scalable and low transactional cost blockchain that does no wasteful mining. Developers can easily port their existing application from Ethereum to Reef chain without modifying their solidity code due to solidity being Reef Chain smart contract language. At the same time, developers can utilise Ethereum large liquidity size into Reef chain through liquidity bridges. However, Reef chain itself is not based on Ethereum, but rather based on a newer and improved blockchain architecture that is provided by Polkadot Substrate. Reef Chain is not governed by any particular group, but rather by its own Reef Chain community. Reef Chain is run by validators, who are elected by nominators via Nominate Proof of Stake. Reef Chain is upgradeable via Technical Council that is elected by the community. 

REEF is the native currency in the Reef Chain. It has two main utilities: transaction fees and on-chain governance via NPoS and PoC. Users can stake their REEF token to earn rewards and participate in the Reef governance. Since Reef chain is EVM compatible, REEF is available as ERC-20 on Ethereum and also BSC, and can be exchanged 1:1 with native Reef Chain tokens. 

Denko Mancheski.

Alameda Research, Digital Finance Group (DFG), Krypital Group, QCP Capital, Kinetic Capital, GBV Capital, NGC Ventures. Woodstock Fund, AU21 Capital, TRGC.