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.
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Trading Insights
Searched
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Market Stats
Market Cap
ARS 41.20M
FDV
ARS 144.73M
Circ. Supply
1.4B REAP
Max Supply
4.9B REAP
Total Supply
2.2B REAP
Diluted Valuation
ARS 138.33M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
ARS 131.48M
3.79%
Volume (7D)
ARS 336.45M
Volume (30D)
ARS 4.24B
All time high
ARS 891.76
Price Change (1Y)
-81.1%
Additional info about ReapChain
Recent trends
The latest REAP price is ARS 0.0296. Compared to ReapChain's value of ARS 0.03 from 24 hours ago, there's been a 1% increase, while the current price is 10% up from ARS 0.03 which was recorded one week ago. ReapChain's all time high is ARS 891.76, which was reached on April 17, 2021. This is a -100% change from its price today.
The current circulating supply of ReapChain is 1,395,000,000. This is 28% of its max supply of 4,900,000,000 REAP and 63% of its total supply of 2,200,000,000. The market cap is currently ARS 41.20M, which is a result of multiplying the current price of ReapChain(ARS 0.03) by the total supply(2,200,000,000 REAP). The fully diluted valuation of ReapChain is ARS 144.73M. The diluted valuation of ReapChain is ARS 144.73M.
Market details
REAP vs markets
↘ 86.29%
REAP vs BTC
↘ 88.14%
REAP vs ETH
↘ 73.36%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x1fc5EF0337AEA85C5f9198853a6E3A579a7A6987 |
Price history
Time | Price | Change |
|---|---|---|
Today | ARS 0.0296 | ↗ 1.01% |
1 Day | ARS 0.0292 | ↗ 1.01% |
1 Week | ARS 0.0262 | ↗ 10.23% |
1 Month | ARS 0.0528 | ↘ 45.21% |
1 Year | ARS 0.24 | ↘ 81.10% |
FAQ
ReapChain is a blockchain aiming to solve the “trilemma of blockchains,” i.e., scalability, security, and decentralization. The platform seeks to enable the commercialization of blockchain and implement blockchain-based DApp services. ReapChain intends to implement a secure and transparent IoT (Internet of Things) ecosystem by blockchain-izing the entire end-to-end section of the IoT industry.
According to the whitepaper, ReapChain was created to solve the problems of the IoT blockchain. Based on the shell-core structure, which integrates public and private blockchains to form a double-layered chain, and the two-way Proof of Double Committee (PoDC) consensus algorithm, the platform aims to overcome the blockchain problems of scalability, security, and decentralization. PoDC is an algorithm aiming for decentralization in constructing the double (standing and steering) committees. Also, by offering the PID (product id) of an object through the Reap SDK (software development kit, which is a tool for developing blockchain services for different DApp service providers), the platform seeks to improve security through mutual verification between devices.
In addition, ReapChain offers the following features:
The whitepaper Ver 0.8 of ReapChain (REAP) was released in the first quarter of 2020. However, pre-sale and exchange listing, token generation (TGE) and distribution, and whitepaper Ver 0.9 release were done in the third quarter of 2020. The team of ReapChain includes Jake Lee, CEO; Seungjong Lee, COO; Khan Kim, CSO; Sungjin Kim, CTO; Suho Kwon, R&D CTO; Jay Yoo, CMO; and other skilled members.
We update our ReapChain to ARS currency in real-time. Get the live price of ReapChain on Coinbase.
The current market cap of ReapChain is ARS 41.20M. A high market cap implies that the asset is highly valued by the market.
The all-time high of ReapChain is ARS 891.76. This all-time high is highest price paid for ReapChain since it was launched.
Over the last 24 hours, the trading volume of ReapChain is ARS 131.48M.
Assets that have a similar market cap to ReapChain include Bruh, Smilek to the Bank, Effect AI (old), and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of ReapChain is 1.4 billion.
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