ReapChain (REAP) Price, Market Cap, Volume, ICO Ratings & Reviews | Coinpare
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Cryptocurrencies: 2,939 Market Cap: $586,563,993,579 24h Vol: $144,178,029,203 BTC: 61.60% ETH: 11.90% USDT: 3.26% ETH Gas: 89 gwei
ReapChain
Internet of Things

ReapChain

Internet of Things

ReapChain is a hybrid Blockchain to solve the trilemma problems of existing Blockchain and to converge the Blockchain and IoT industry.

ICO Details
ICO Start:
17 Jul 2020
ICO End:
17 Jul 2020
Hardcap:
18,000,000 USD
Token Price:
0.03 USD
Total Supply:
4,900,000,000
ICO Supply:
1,470,000,000 (30%)
Accepting:
ETH, USDT
Whitelist/KYC:
Whitelist & KYC
Country:
Estonia
Token Details
Token Platform:
Ethereum
Token Holders:
1,535
Token Transfers:
3,241
Token Explorers:
Coin Details
Ticker:
REAP
Hardware Wallet
Yes
Share This Page
ReapChain REAP Rank 737
$0.033488 (-0.67%)
0.00000172 BTC (-8.08%)
0.00005477 ETH (-10.55%)
1 BTC ≈ 581,395 REAP
1 ETH ≈ 18,258 REAP
REAP
USD
Market Cap:
$2,143,623
Fully Diluted Market Cap:
$164,090,024
Volume 24h:
$564,571
ROI (USD):
12% / 1.11x
ATH:
$0.037348
ATH Date:
18 November 2020
From ATH / To ATH:
-10.31% / 11.53%
Circulating Supply:
64,000,000 REAP
Total Supply:
4,900,000,000 REAP
Loading data from server...
Change USD
1h 1.15%
24h -0.67%
7d 2.61%
30d -
1y -
Change BTC
1h 0.80%
24h -8.08%
7d -2.88%
30d -
1y -
Change ETH
1h -1.61%
24h -10.55%
7d -5.91%
30d -
1y -
To The Moon 🚀🌕
REAP
ROI x1

USD Amount -
BTC Amount -
ETH Amount -
Price $0.033488
Market Cap $2,143,623
Fully Diluted Market Cap $164,090,024
BTC Price 0.00000172
ETH Price 0.00005477
ReapChain (REAP) is a cryptocurrency, the latest ReapChain price is $0.033488, down -0.67% in the last 24 hours. ReapChain market cap is $2,143,623 with a 24h volume of $564,571. It has a circulating supply of 64,000,000 REAP and a total supply of 4,900,000,000 REAP. ReapChain reached it's all time high on 18 November 2020 when it was trading at $0.037348.
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About ReapChain

ReapChain was created to solve the problems of the existing IoT Blockchain. Based on the Shell-Core structure, which combines public and private Blockchains, and the two-way consensus algorithm (PoDC), we have overcome the three problems of the existing Blockchain: “scalability, security, and decentralization”.
Also, by giving the PID of an object through the Reap SDK, it is possible to secure clean data by improving security through mutual verification between devices and preventing the forgery of data. ReapChain is creating a new IoT Blockchain world with technology that has both complete security and transparency.


ReapChain Technology

  • Shell-Core Structure
    The Shell-Core structure solves the existing Blockchain's trilema, realizing the effective convergence of the Blockchain and the IoT industry.
    The new hybrid Blockchain is implemented through the shell-core structure and PoDC consensus algorithm, in which public and private Blockchains are perfectly fused to solve the existing Blockchain's trilemma problem.
    The Shell-Core Structure has a double-layered chain, and it is designed as a double structure that forms a fake ledger cell block by ReapMiddleChain on the outside, and a definitive block of the real ledger concept inside.
    The Shell-Core Structure processes the transaction first with the concept of a fake ledger by placing a high-speed private Blockchain on the outskirts and the public Blockchain with strong security and decentralization is a new structure of the Blockchain that is placed inside and post-processed with the concept of a real ledger.
  • Object PID
    Individual IoT devices acquire a private key, which is a unique ID, for each device through the Reap SDK to prevent the forgery of data.
    An Individual IoT device obtains a private key, which is a unique ID for Individual devices, through the Reap SDK to prevent hacking or illegal access.
    When a transaction occurs on an IoT device with the Reap SDK applied, it is only accessible to authorized personnel or devices, and it is possible to check whether data is forged or tampered with. This prevents malfunction or side effects of the management system due to incorrect data transmission.
    Reap SDK can support project modules or settings developed based on the existing Micro Controller Unit (MCU). Reap SDK allows you to reuse existing native SDK code to have interoperability between codes and minimize maintenance and management costs. In addition, a unique ID (private key) is created for each IoT device and stored in the internal non-volatile memory.
    When a data transaction occurs, individual hash devices become small nodes of the ReapChain by receiving and storing the final hash information generated in the ReapMiddleChain. This allows you to verify device reliability.


Benefit

ReapChain aims to be a platform-sharing economic business model that anyone can easily use by providing economic incentives for Blockchain participants to voluntarily activate ReapChain. Through this, we intend to form a virtuous cycle structure in which IoT-based infrastructure and data are enriched and the IoT industry is activated by creating a structure that participates in the ReapChain ecosystem organically and is rewarded accordingly.

REAP, which serves as a fuel for the ReapChain ecosystem, will pay transaction fees as rewards and incentives to users who hold a certain stake or maintain the ReapChain network through transaction verification and block creation. ReapChain also rewards REAP holders, standing committees, steering committees and candidates to revitalize the ecosystem.

Reward is the total commission income, and is paid when the commission accumulation amount of 1 million REAP is satisfied, and if the reserve exceeds the upper limit at the time of distribution, it is summed up.

The allocation ratio of total reserves is 70% for all REAP holders, 20% for the Steering Committee and Candidates, and 10% for the Standing Committee, and duplicate payments are permitted.


Additional Incentive 10%

Apart from the reward for total commission income, 10% of the total amount of REAP issued is rewarded for participation in the ecosystem, and is provision 1% annually over 10 years. When the 1.2 millionth block is created, it is paid to all REAP holders in proportion to individual REAP holdings.

Woo Jung Kim
CEO
Involved in 1 project
Jake Lee
Co-CEO
Involved in 1 project
Khan Kim
CSO
Involved in 1 project
Mason MyoungSeok Song
CRDO
Involved in 1 project
Sungjin Kim
CTO
Involved in 1 project
Sanghee Kim
CMO
Involved in 1 project
Suho Kwon
PM
Involved in 1 project
Daniel DaeHyun Kwon
PL, Blockchain Engineer
Involved in 1 project
Yong il Choi
PL, Blockchain Engineer
Involved in 1 project
Yonghwan Heo
PL, Blockchain Engineer
Involved in 1 project
Jang Gwan Jo
PL, Blockchain Engineer
Involved in 1 project
Seokbae Park
Blockchain Engineer
Involved in 1 project
HyunJoo Kim
Blockchain Engineer
Involved in 1 project
Jaytn Jaehyuk Kwon
Blockchain Engineer
Involved in 1 project
Byounghyun Yoo
Blockchain Engineer
Involved in 1 project
Jaesung Lee
Blockchain Engineer
Involved in 1 project
Martin Bhojraj Bhatta
Blockchain Engineer
Involved in 1 project
Namho Kim
Blockchain Engineer
Involved in 1 project
Jooyeon Jung
Blockchain Engineer
Involved in 1 project
HyunHan Noh
Blockchain Engineer
Involved in 1 project
SungSik Park
Blockchain Engineer
Involved in 1 project
Hojung Kim
Blockchain Engineer
Involved in 1 project
Ilseok Im
Business Planning Manager
Involved in 1 project
Jay Yoo
Business Planning Manager
Involved in 1 project
Advisors
Seung Hun Han
Involved in 1 project
Chul Ho Lee
Involved in 1 project
Taehong Kang
Involved in 1 project
Hyukjun Kwon
Involved in 1 project
Cheol Hwan Kim
Involved in 1 project
Hyunwoo Yi
Involved in 1 project
David Lee
Involved in 1 project
Jongwon Kim
Involved in 1 project
  • Q1 2019

    ReapChain Mainnet Planing and Design

  • Q2 2019

    ReapChain Mainnet Planing (ver 0.1) development

  • Q3 2019

    ReapMiddleChain (Ver.0.1) design and development

  • Q3 2019

    Reap Platform & Reap SDK (Ver.0.1) design and development
    Smart Contract establishment and Reap Wallet (Ver.0.1) development

  • Q1 2020

    ReapChain MVP (Ver.0.8) Verification Test
    ReapMiddleChain MVP (Ver.0.8) Verification Test
    Whitepaper Ver.0.8 release
    Seed Sale 

  • Q2 2020

    ReapChain Alpha(Ver.1.0) Development and verification test 2Q service infrastructure scalability construction 3Q Mainnet official open
    ReapMiddleChain Alpha (Ver.1.0) development and verification test
    Reap Platform & Reap SDK Alpha (Ver.1.0) launching and verification test
    ReapChain Token Sale-1st Private Sale
    ReapChain Token Sale-2nd Private Sale

  • Q3 2020

    Whitepaper Ver.1.0 release
    Alpha Integration Test
    ReapChain Beta (Ver.2.0) development and verification test
    ReapMiddleChain Beta(Ver.2.0) development and verification test
    Reap Platform & SDK Beta (Ver.2.0) launching and verification test
    Reap Wallet (ver1.0) Open
    Pre-Sale and exchange listing
    Token Generation (TGE) and Distribution
    MCU based PID of thing development
    MOU with ITM, Taiwan MCU developing Company

  • Q4 2020

    Whitepaper Ver.2.0 release
    Beta Integration Test
    ReapChain BaaS based service infrastructure construction
    Micro service based Reap Platform service infrastructure construction
    Secure BM to spread Reap Platform - MOU with IoT device company
    Secure BM to spread Reap Platform - MOU with IoT platform service company

  • Q1 2021

    Commercialization service environment establishment and operation stabilization

  • Q2 2021

    Service infrastructure scalability construction

  • Q3 2021

    Mainnet official open

Source
Rating
3.1 / 5
Average
3.8 / 5
Other Websites
Ratings has been aggregated in date 31 July 2020
Loading...
 

Rank 737


ReapChain REAP

$0.033488 (-0.67%)
0.00000172 BTC (-8.08%)
0.00005477 ETH (-10.55%)
Market Cap:
$2,143,623
Fully Diluted Market Cap:
$164,090,024
Volume 24h:
$564,571
ROI (USD):
12% / 1.11x
ATH:
$0.037348
ATH Date:
18 November 2020
From ATH / To ATH:
-10.31% / 11.53%
Circulating Supply:
64,000,000 REAP
Total Supply:
4,900,000,000 REAP
1 BTC:
≈ 581,395 REAP
1 ETH:
≈ 18,258 REAP
REAP
USD
Loading data from server...
Change USD
1h 1.15%
24h -0.67%
7d 2.61%
30d -
1y -
Change BTC
1h 0.80%
24h -8.08%
7d -2.88%
30d -
1y -
Change ETH
1h -1.61%
24h -10.55%
7d -5.91%
30d -
1y -
To The Moon 🚀🌕
REAP
ROI x1

USD Amount -
BTC Amount -
ETH Amount -
Price $0.033488
Market Cap $2,143,623
Fully Diluted Market Cap $164,090,024
BTC Price 0.00000172
ETH Price 0.00005477
ICO Details
ICO Start:
17 Jul 2020
ICO End:
17 Jul 2020
Hardcap:
18,000,000 USD
Token Price:
0.03 USD
Total Supply:
4,900,000,000
ICO Supply:
1,470,000,000 (30%)
Accepting:
ETH, USDT
Whitelist/KYC:
Whitelist & KYC
Country:
Estonia
Token Details
Token Platform:
Ethereum
Token Holders:
1,535
Token Transfers:
3,241
Token Explorers:
Coin Details
Ticker:
REAP
Hardware Wallet
Yes
Description
Category: Internet of Things

ReapChain is a hybrid Blockchain to solve the trilemma problems of existing Blockchain and to converge the Blockchain and IoT industry.

ReapChain (REAP) is a cryptocurrency, the latest ReapChain price is $0.033488, down -0.67% in the last 24 hours. ReapChain market cap is $2,143,623 with a 24h volume of $564,571. It has a circulating supply of 64,000,000 REAP and a total supply of 4,900,000,000 REAP. ReapChain reached it's all time high on 18 November 2020 when it was trading at $0.037348.
Share This Page
Loading...

About ReapChain

ReapChain was created to solve the problems of the existing IoT Blockchain. Based on the Shell-Core structure, which combines public and private Blockchains, and the two-way consensus algorithm (PoDC), we have overcome the three problems of the existing Blockchain: “scalability, security, and decentralization”.
Also, by giving the PID of an object through the Reap SDK, it is possible to secure clean data by improving security through mutual verification between devices and preventing the forgery of data. ReapChain is creating a new IoT Blockchain world with technology that has both complete security and transparency.


ReapChain Technology

  • Shell-Core Structure
    The Shell-Core structure solves the existing Blockchain's trilema, realizing the effective convergence of the Blockchain and the IoT industry.
    The new hybrid Blockchain is implemented through the shell-core structure and PoDC consensus algorithm, in which public and private Blockchains are perfectly fused to solve the existing Blockchain's trilemma problem.
    The Shell-Core Structure has a double-layered chain, and it is designed as a double structure that forms a fake ledger cell block by ReapMiddleChain on the outside, and a definitive block of the real ledger concept inside.
    The Shell-Core Structure processes the transaction first with the concept of a fake ledger by placing a high-speed private Blockchain on the outskirts and the public Blockchain with strong security and decentralization is a new structure of the Blockchain that is placed inside and post-processed with the concept of a real ledger.
  • Object PID
    Individual IoT devices acquire a private key, which is a unique ID, for each device through the Reap SDK to prevent the forgery of data.
    An Individual IoT device obtains a private key, which is a unique ID for Individual devices, through the Reap SDK to prevent hacking or illegal access.
    When a transaction occurs on an IoT device with the Reap SDK applied, it is only accessible to authorized personnel or devices, and it is possible to check whether data is forged or tampered with. This prevents malfunction or side effects of the management system due to incorrect data transmission.
    Reap SDK can support project modules or settings developed based on the existing Micro Controller Unit (MCU). Reap SDK allows you to reuse existing native SDK code to have interoperability between codes and minimize maintenance and management costs. In addition, a unique ID (private key) is created for each IoT device and stored in the internal non-volatile memory.
    When a data transaction occurs, individual hash devices become small nodes of the ReapChain by receiving and storing the final hash information generated in the ReapMiddleChain. This allows you to verify device reliability.


Benefit

ReapChain aims to be a platform-sharing economic business model that anyone can easily use by providing economic incentives for Blockchain participants to voluntarily activate ReapChain. Through this, we intend to form a virtuous cycle structure in which IoT-based infrastructure and data are enriched and the IoT industry is activated by creating a structure that participates in the ReapChain ecosystem organically and is rewarded accordingly.

REAP, which serves as a fuel for the ReapChain ecosystem, will pay transaction fees as rewards and incentives to users who hold a certain stake or maintain the ReapChain network through transaction verification and block creation. ReapChain also rewards REAP holders, standing committees, steering committees and candidates to revitalize the ecosystem.

Reward is the total commission income, and is paid when the commission accumulation amount of 1 million REAP is satisfied, and if the reserve exceeds the upper limit at the time of distribution, it is summed up.

The allocation ratio of total reserves is 70% for all REAP holders, 20% for the Steering Committee and Candidates, and 10% for the Standing Committee, and duplicate payments are permitted.


Additional Incentive 10%

Apart from the reward for total commission income, 10% of the total amount of REAP issued is rewarded for participation in the ecosystem, and is provision 1% annually over 10 years. When the 1.2 millionth block is created, it is paid to all REAP holders in proportion to individual REAP holdings.

Woo Jung Kim
CEO
Involved in 1 project
Jake Lee
Co-CEO
Involved in 1 project
Khan Kim
CSO
Involved in 1 project
Mason MyoungSeok Song
CRDO
Involved in 1 project
Sungjin Kim
CTO
Involved in 1 project
Sanghee Kim
CMO
Involved in 1 project
Suho Kwon
PM
Involved in 1 project
Daniel DaeHyun Kwon
PL, Blockchain Engineer
Involved in 1 project
Yong il Choi
PL, Blockchain Engineer
Involved in 1 project
Yonghwan Heo
PL, Blockchain Engineer
Involved in 1 project
Jang Gwan Jo
PL, Blockchain Engineer
Involved in 1 project
Seokbae Park
Blockchain Engineer
Involved in 1 project
HyunJoo Kim
Blockchain Engineer
Involved in 1 project
Jaytn Jaehyuk Kwon
Blockchain Engineer
Involved in 1 project
Byounghyun Yoo
Blockchain Engineer
Involved in 1 project
Jaesung Lee
Blockchain Engineer
Involved in 1 project
Martin Bhojraj Bhatta
Blockchain Engineer
Involved in 1 project
Namho Kim
Blockchain Engineer
Involved in 1 project
Jooyeon Jung
Blockchain Engineer
Involved in 1 project
HyunHan Noh
Blockchain Engineer
Involved in 1 project
SungSik Park
Blockchain Engineer
Involved in 1 project
Hojung Kim
Blockchain Engineer
Involved in 1 project
Ilseok Im
Business Planning Manager
Involved in 1 project
Jay Yoo
Business Planning Manager
Involved in 1 project
Advisors
Seung Hun Han
Involved in 1 project
Chul Ho Lee
Involved in 1 project
Taehong Kang
Involved in 1 project
Hyukjun Kwon
Involved in 1 project
Cheol Hwan Kim
Involved in 1 project
Hyunwoo Yi
Involved in 1 project
David Lee
Involved in 1 project
Jongwon Kim
Involved in 1 project
  • Q1 2019

    ReapChain Mainnet Planing and Design

  • Q2 2019

    ReapChain Mainnet Planing (ver 0.1) development

  • Q3 2019

    ReapMiddleChain (Ver.0.1) design and development

  • Q3 2019

    Reap Platform & Reap SDK (Ver.0.1) design and development
    Smart Contract establishment and Reap Wallet (Ver.0.1) development

  • Q1 2020

    ReapChain MVP (Ver.0.8) Verification Test
    ReapMiddleChain MVP (Ver.0.8) Verification Test
    Whitepaper Ver.0.8 release
    Seed Sale 

  • Q2 2020

    ReapChain Alpha(Ver.1.0) Development and verification test 2Q service infrastructure scalability construction 3Q Mainnet official open
    ReapMiddleChain Alpha (Ver.1.0) development and verification test
    Reap Platform & Reap SDK Alpha (Ver.1.0) launching and verification test
    ReapChain Token Sale-1st Private Sale
    ReapChain Token Sale-2nd Private Sale

  • Q3 2020

    Whitepaper Ver.1.0 release
    Alpha Integration Test
    ReapChain Beta (Ver.2.0) development and verification test
    ReapMiddleChain Beta(Ver.2.0) development and verification test
    Reap Platform & SDK Beta (Ver.2.0) launching and verification test
    Reap Wallet (ver1.0) Open
    Pre-Sale and exchange listing
    Token Generation (TGE) and Distribution
    MCU based PID of thing development
    MOU with ITM, Taiwan MCU developing Company

  • Q4 2020

    Whitepaper Ver.2.0 release
    Beta Integration Test
    ReapChain BaaS based service infrastructure construction
    Micro service based Reap Platform service infrastructure construction
    Secure BM to spread Reap Platform - MOU with IoT device company
    Secure BM to spread Reap Platform - MOU with IoT platform service company

  • Q1 2021

    Commercialization service environment establishment and operation stabilization

  • Q2 2021

    Service infrastructure scalability construction

  • Q3 2021

    Mainnet official open

 Select Source
Source
Rating
3.1 / 5
Average
3.8 / 5
Other Websites
Ratings aggregated in date 31 July 2020
Loading...
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