Reef, an advanced blockchain platform built with Parity’s Substrate technology, will be conducting an AMA with StealthEX on X, scheduled for the 15th of August at 3 PM UTC.

Launched in 2019 by Denko Mancheski, it evolved from a DeFi initiative into a fully-fledged layer 1 blockchain that supports complex applications.

The network utilizes a Nominated Proof of Stake (NPoS) consensus model, where participants, known as nominators, stake their $REEF tokens to support validators. These validators are responsible for processing and validating transactions. When validation is successful, the rewards are shared between the validators and their nominators, promoting a collaborative system.

The $REEF token is central to the network, playing a key role in governance and the payment of transaction fees.