Reef

As we move through 2025, Reef Chain is preparing for one of the most significant infrastructure upgrades in its history! Today, we're excited to share details about our upcoming comprehensive chain upgrade that will modernize Reef's technical foundation and unlock new possibilities for our developer community and users.

📖 Read the full announcement here: https://t.co/kDUALf0DKK

📺 Watch Derek E. Silva, COO of Reef, explain the upgrade here:

🪸 LAST WEEK AT REEF 🪸

Friday, June 13, 2025

- Data indexer was repaired, restoring normal data availability to all core Reef apps and others
- Subscan began re-integrating Reef Chain into their platform
- New agency started building front end for incentive campaign
- Hired a firm to make some upgrades; more details coming soon
- Made decision to hire market-making provider; decision by end of next week
- Sent first 10K $REEF to exchange in preparation for larger swap
- $REEF deposits and withdrawals were re-opened at WhiteBIT
- Met with a team building on-chain AI tools about integrating Reef Chain; relationship moving forward
- BD team re-ignited some old discussions and working on starting new relationships
- Received a proposal to sponsor an event in Nigeria; under consideration
- Re-connected with game developers we met in Amsterdam; shared Reef Chain docs for evaluation
- Paid first invoice to new service provider
- Paid Subscan invoice; re-integration work underway
- MotoDEX marketing re-started after data indexing issue was resolved
- Over 2K new wallets created!

🔥🚨 $REEF BURN ALERT 🚨🔥

BNB Chain Burn Tx: https://bscscan.com/tx/0x22455b59d7c55b22b1e383227608f4dad45d6b8ff0dbe8cfdb9a6dceacb2d3a0

Today we burnt 1,000,000,000 $REEF on legacy chains!

In total we have burnt 4,189,612,532.48071325 $REEF on Ethereum and BNB Chain.

We’re happy to report that the data indexing issue has been resolved.

Thanks to the talented individuals who assisted, and to the community for your patience.

ReefScan and all core apps are working normally again.

🔥🚨 $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.

🪸 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

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. 🪸🔍

🪸 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 👇

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.

🪸 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

🌊 Another Big Wave for Reef! 🌊

#ReefBridge is now live on the @thedapplist!

Check it out: https://thedapplist.com/project/reef-bridge#overview

🎉The WhiteBIT Trading Festival is ON!

🪸@Reef_Chain has joined forces with @WhiteBIT for a 2-stage rewards-packed event 💰

🏁 Stage 1: Trade to win 1,250 USDC + 1.6M $REEF

🏆 Stage 2: Deposit Race to win part of 750 USDC!

Start now 👉 https://t.co/Jk5XlRN6D5

Use the Reef referral link 👉 https://t.co/D9rp3Ygx9R

#ReefChain #CryptoTrading #WhiteBIT #TradingFestival

🚨 Happening TOMORROW! 🚨

Our gaming partner @pigmo_co's offering $REEF airdrops up to $50 for players!

✅ Deposit-based only
⏰ Runs for 1 week
🎁 Airdrop lands once it ends

Don't miss out👇

https://pigmo.com/

#REEF #GameFi #Airdrop

🪸 THE LAST TWO WEEKS AT REEF 🪸

Friday, May 23, 2025

- Meeting with oracle protocol team; reviewing proposal
- Attended Consensus where we met team members from Mercado Bitcoin, Tatum, Kast, and many other companies
- Began filling out fiat on-ramp provider onboarding form; almost ready to submit
- Paid first half of football team sponsorship fee
- Met with football team leadership to begin discussing marketing opportunities
- Had a first meeting with team that builds AI agents
- Working out some bugs on mobile app before new Android build and iOS App Store submission
- In discussion with proof of attendance protocol about expanding to Reef
- Discussed media incubator opportunity; decision is yes, just need to pick the right time
- Sent 2 billion REEF to Paribu; waiting to receive matching REEF-BSC
- Discussed blockchain upgrade proposal in-depth with solution provider; waiting on final approval internally
- Burnt 500 million REEF on BNB Chain
- New version of Ledger app is now in internal testing
- Discovered a bug in Remix; fix is in progress
- Had some issues with primary RPC; resolved, and backup RPC will be live soon
- Had a meeting with a major custodial provider
- Added official ReefSwap listing to DappList
- Spoke with a video production firm
- Had a call with a specialized token management company
- Reviewed first bits of content from new marketing agency
- Having difficult time finding someone to finish necessary technical task for Hotcoin listing; cautiously optimistic we have found someone
- Backend development work completed for new incentive campaign; front end development coming next, then launch
- MotoDEX beta testing completed

🔥🚨 $REEF BURN ALERT 🚨🔥

BNB Chain Burn Tx: https://t.co/24PdP25ka9

Today we burnt 500,000,000 $REEF on legacy chains!

In total we have burnt 2,189,612,532.48071325 $REEF on Ethereum and BNB Chain.

Reef’s RPC servers are currently experiencing some issues. It should be resolved later today, and app availability will return to normal. Sorry for the inconvenience!

We will update you later when things are resolved.

🚨 TOKEN MINT ALERT 🚨

3,000,000,000 REEF were minted on Reef Chain at 3:03 UTC.

These are being allocated exclusively to manual token swaps with two centralized exchanges. At least 2 billion of the REEF being received from centralized exchanges will be burnt promptly.

When manual swaps with CEXs are completed, we will make additional announcements.

Any burn transactions will be posted publicly once swaps are fully completed, along with the name of the exchange involved.

We are happy to share that @kucoincom announced it will support the $REEF token migration

🪸 https://www.kucoin.com/announcement/en-kucoin-will-support-the-token-migration-of-reef-reef-20250514

We are working closely with KuCoin to ensure a smooth transition, and will keep Reefians up to date on the process!

We have submitted request CU1305250043 to @coingecko to add the WhiteBIT market.

🪸 LAST WEEK AT REEF 🪸

Friday, May 9, 2025

- Received a proposal from a top blockchain development company focused on upgrading Reef Chain
- Reviewed a proposal from a marketing firm that focuses on a specific crypto-only platform
- Paid a $2000 exchange integration fee
- Received ~63M REEF-ETH back from a CEX; moving forward with re-opening REEF trading
- Received the sponsorship deck from a football (soccer) team in APAC
- Opened discussions with a European football (soccer) team about sponsorship
- Had a meeting with a market-making firm
- Met with a representative from a blockchain data indexing platform
- Had a wonderful discussion with one of the founders of a proof of attendance protocol about expanding to Reef Chain
- Caught up with the founder of a game marketing and tournament platform about accelerating growth for games and attracting existing game developers to Reef Chain
- Met with an agency that offers marketing consulting, investments, KOL management, etc.
- Met with the Vice Chairman of a football club about sponsoring the team; received enough internal support to move forward
- Decided to move forward with new marketing agency, multi-month deal
- Evaluating multiple marketing engagements with centralized exchanges
- Hired a developer to build an Octobot plugin for Hotcoin
- Made decision to move forward with football team sponsorship
- Paid a $20000 exchange integration fee
- Evaluating full proposal from media incubator
- Confirmed date to re-open $REEF deposits, withdrawals and market on an exchange
- Working on date for re-opening deposits, withdrawals and market on another exchange
- Signed agreement with football team; more news to come in June

🪸 ⚽️ 🥅 🪸