🔥🚨 $REEF BURN ALERT 🚨🔥 BNB Chain Burn Tx: https://bscsc | Reef on Binance Square

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🔥🚨 $REEF BURN ALERT 🚨🔥
BNB Chain Burn Tx: https://bscscan.com/tx/0xf639153e2e1e43d4d2ecba00f190418cb81cc835845fa5ab06c4fe2a97a1d380
Today we burnt 1,000,000,000 $REEF on legacy chains!
In total we have burnt 3,189,612,532.48071325 $REEF on Ethereum and BNB Chain.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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🪸 LAST WEEK AT REEF 🪸 Friday, June 6, 2025 - Reef app for Ledger devices sent to auditor - Received new Ledger Flex for testing - In discussions with graphic designers with intent to hire one part or full-time - Reef Chain Wallet is once again available for iOS users via TestFlight; testing and bug reporting in progress now - Ran into issues with the data index, causing problems for verifying transactions - Engaged in discussions with multiple parties about solving the immediate data indexing issues - Also engaged in discussions with many parties about bringing redundancy and resiliency into Reef chain to avoid further data indexing or RPC related issues - Met with the founder for an on-chain fitness app, looking for ways to partner or acquire the business; discussions, moving forward - Ran into some code related issues with Hotcoin integration; work is ongoing - Hired an expert developer to research and resolve the current data index issue - Hosted a call with the business development manager for a decentralized data indexing tech stack about how they could help us - Agreed to a proposal from a third-party team to add Reef chain into their data indexing, blockchain explorer and API service - Announced Rosewolf as the next artist featured on Sqwid - Turned down an opportunity to sponsor a private event in New York City; focussing our efforts on more immediate needs and Europe for the time being - Kept our partners abreast of any updates related to data indexing throughout the week

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We’re very happy to share the news that Reef and @subscan_io are working together once more! Subscan is re-integrating Reef Chain into their platform. This will make Reef available on their blockchain explorer, and restore API services as well. More to come as we approach the re-launch of Reef on Subscan. 🪸🔍

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🪸 May 2025 Recap is here! What did Reef get up to in May? 🤔 From tech upgrades to new partnerships, here’s a quick recap of everything we built, launched, and announced last month 👇

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We’re making significant investments to improved Reef’s reliability and resilience. First is better RPC infrastructure. There are new resources synchronizing to the network now, and will be incorporated as a fallback. Second is data indexing. We’re in discussions with two providers now, and are committed to working with at least one of them. That will help eliminate the intermittent issues we’ve been seeing over the last two weeks, ensuring Reef is ready to grow.

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🪸 LAST WEEK AT REEF 🪸 Friday, May 30, 2025 - Set up new backup RPC server to avoid further issues; currently synchronizing - Decided to sponsor boxing event in Switzerland - Committed to sponsoring WhiteBIT’s Trading Festival - New marketing agency started work, focusing on CoinMarketCap - Had a meeting with an infrastructure provider that offers RPC and push notification products - One developer, Maksym, made significant progress on the market making bot for Hotcoin - Ramesh, the mobile developer, completed new builds of Reef Chain Wallet for iOS and Android - Submitted onboarding paperwork to a fiat on-ramp provider - Finished paying the football team sponsorship fee - Announced sponsorship of boxing event in Switzerland - Announced airdrop campaign with Pigmo - Announced participation in WhiteBIT’s Trading Festival - Ordered a Ledger Flex wallet to test Reef’s Ledger app - Development of Reef’s app for Ledger hardware wallets is complete; next step is submission to an auditor

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