Reef to Hold AMA on Telegram on April 3rd
Reef will host an AMA on Telegram with Fearless on April 3rd at 1 pm UTC. The AMA is aimed at discussing the recent launch of Reef Chain with REEF staking on Fearless wallet.
Refer to the official tweet by REEF:
🐠 Reef@Reef_ChainMar 28, 2024🌊👋 Reef fam! Mark your calendars! Join us on 3 April, at 3 PM CET!
Since Reef Chain with $REEF staking is officially LIVE on @FearlessWallet, we're hosting an AMA session to explore our partnership and answer your question in the Fearless Wallet telegram channel!
And guess… pic.twitter.com/l7Qa4Hh7Ib
REEF Info
Reef is a comprehensive blockchain solution developed using Parity’s Substrate technology. Initiated in 2019 by Denko Mancheski, it started as a DeFi platform and has since evolved into a robust layer 1 blockchain, providing a unified platform for complex applications.
The Reef network operates on a Nominated Proof of Stake (NPoS) consensus mechanism. This system allows nominators to stake their REEF tokens in support of validators, who in turn, process and validate transaction blocks. When a validator successfully completes this process, the reward is distributed between the validator and the backing nominators, promoting a cooperative system.
The native token of the Reef network, REEF, plays a critical role in network governance and transaction fee payments.