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ReapChain (REAP)

ICO

ReapChain aims to establish a safe and transparent IoT ecosystem by blockchainfying the end-to-end section of the IoT industry. ReapChain is a hybrid blockchain with a Shell-Core Structure. It solves the trilemma of existing blockchains and tries to implement the integration of blockchain and IoT industry by resolving the security and mass data processing problems of the existing IoT market through PID of things and distributed storage service of ReapMiddleChain.

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Overview

Project industryElectronics & Robotics
Product typePlatform
FoundedEstonia
WhitepaperReapChain White Paper Open
OnepagerReapChain Onepager Open

What is ReapChain

Mission

ReapChain aims to establish a safe and transparent ecosystem of the blockchain industry for all the DApp(Decentralized Application) service providers by providing a usable blockchain.

Vision

To establish a new hybrid blockchain with Shell-Core structure unique to ReapChain that solves the trilemma of existing blockchains.

  • To develop a double-layered chain structure that connects with various main net protocols.
  • To create a real-time data processing algorithm for DApp through the pre-confirm process.
  • To create a decentralized algorithm through the PoDC consensus structure.

    • To establish a multi-layered chain tailored to the characteristics of each industry through ReapMiddlechain.

  • To establish a blockchain by blockchainifying the end-to-end section through the middle chain that is unique to the IoT industry: ReapChain BaaS
  • To establish a development environment, Reap SDK, that enables non-professionals of blockchain to develop as well.

    • In the IoT industry, issues regarding security, authentication, and safety have been solved by relying on intermediaries. However, this centralized method has several side effects in terms of cost, security and reliability.

    ReapChain offers a new hybrid blockchain that can solve trillemma of the existing blockchains through a unique consensus algorithm and ReapMiddleChain, and enable the distributed processing of a large amount of data generated from the IoT industry.

    Details

    Pre-sales: Jul 22, 2020 - Jul 22, 2020
    Token supply: 4.900,000,000 REAP
    Total tokens for sale: 1.470,000,000 REAP
    Hard cap: 18,000,000 USD

    Legal

    Blockchain Platform: Ethereum
    Country limitations: Congo, Ivory Coast, Cuba, Iran, Iraq, Liberia, Myanmar, North Korea (Democratic People's Republic of Korea), Sudan, Syria, Zimbabwe
    Registration country: Estonia

    Token info

    Ticker: REAP
    Token standard: ERC20
    Token price in USD: 1 REAP = 0.03 USDT
    Accepted currencies: ETH, USDT
    Funds allocation:
    30% - Token Sale
    10% - Ecosystem Incentive
    7% - Founders & Team
    28% - Standing Committee Node
    5% - Early Contributors
    5% - Marketing
    15% - Reserves

    ReapChain Roadmap

    1
    2019.1Q
  • ReapChain Mainnet planning and design
    • 2
    2019.2Q
  • ReapChain Mainnet (Ver 0.1) development
    • 3
    2019.3Q
  • ReapMiddleChain (Ver 0.1) Design and Development
    • 4
    2019.4Q
  • Reap Platform & Reap SDK (Ver 0.1) design and development
  • Smart Contract establishment and Reap Wallet (Ver 0.1) development
    • 5
    2020.1Q
  • ReapChain MVP (Ver 0.8) Verification Test
  • ReapMiddleChain MVP (Ver 0.8) Verification Test
  • Whitepaper Ver 0.8 released
  • Seed Sale
    • 6
    2020.2Q
  • ReapChain Alpha (Ver 1.0) development and verification test
  • ReapMiddleChain Alpha (Ver 1.0) development and verification test
  • Reap Platform & Reap SDK Alpha (Ver 1.0) launch and verification test
  • ReapChain Token Sale - Private Sale 1st
  • ReapChain Token Sale - Private Sale 2nd
    • 7
    2020.3Q
  • Whitepaper Ver 1.0 released
  • 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) launch and verification test
  • Reap Wallet (Ver 1.0) Open
  • Pre-Sale and exchange listing
  • Token Generation (TGE) and Distribution
  • MCU based object PID development
  • Signed MOU with IoT MCU developer ITM
    • 8
    2020.4Q
  • Whitepaper Ver 2.0 released
  • Beta Integration Test
  • ReapChain BaaS based service infrastructure construction
  • Microservice based Reap Platform service infrastructure construction
  • Secure BM to spread Reap Platform - Sign MOU with IoT device company
  • Secure BM to spread Reap Platform - Sign MOU with IoT platform service provider
    • 9
    2021.1Q
  • Commercialization service environment establishment and operation stabilization
    • 10
    2021.2Q
  • Service infrastructure scalability establishment
    • 11
    2021.3Q
  • Mainnet officially opened

    • Project team

    WOOJUNG KIM
    WOOJUNG KIM
    CEO
    WOOJUNG KIM linkedin
    JAKE LEE
    JAKE LEE
    co-CEO
    JAKE LEE linkedin
    KHAN KIM
    KHAN KIM
    CSO
    KHAN KIM linkedin
    MASON SON
    MASON SON
    CRDO
    MASON SON linkedin
    SUNGJIN KIM
    SUNGJIN KIM
    CTO
    SUNGJIN KIM linkedin
    KEI KIM
    KEI KIM
    CMO
    KEI KIM linkedin
    SUHO KWON
    SUHO KWON
    PM [ReapChain]
    SUHO KWON linkedin
    DANIEL KWON
    DANIEL KWON
    PL, Blockchain Engineer
    DANIEL KWON linkedin
    HURST CHOI
    HURST CHOI
    PL, Blockchain Engineer
    HURST CHOI linkedin
    YONGHWAN HEO
    YONGHWAN HEO
    PL, Blockchain Engineer
    YONGHWAN HEO linkedin
    JANGGWAN JO
    JANGGWAN JO
    PL, Blockchain Engineer
    JANGGWAN JO linkedin
    SEOKBAE PARK
    SEOKBAE PARK
    Blockchain engineer
    SEOKBAE PARK linkedin
    AIDEN KIM
    AIDEN KIM
    Blockchain Engineer
    AIDEN KIM linkedin
    JAEHYUK KWON
    JAEHYUK KWON
    Blockchain Engineer
    JAEHYUK KWON linkedin
    BYOUNGHYUN YOO
    BYOUNGHYUN YOO
    Blockchain Engineer
    BYOUNGHYUN YOO linkedin
    JAESUNG LEE
    JAESUNG LEE
    Blockchain Engineer
    JAESUNG LEE linkedin
    MARTIN BHOJRAJ BHATTA
    MARTIN BHOJRAJ BHATTA
    Blockchain Engineer
    MARTIN BHOJRAJ BHATTA linkedin
    NAMHO KIM
    NAMHO KIM
    Blockchain Engineer
    NAMHO KIM linkedin
    JOOYEON JUNG
    JOOYEON JUNG
    Blockchain Engineer
    JOOYEON JUNG linkedin
    HYUNHAN NOH
    HYUNHAN NOH
    Blockchain Engineer
    HYUNHAN NOH linkedin
    SUNGSIK PARK
    SUNGSIK PARK
    Blockchain Engineer
    SUNGSIK PARK linkedin
    HOJUNG KIM
    HOJUNG KIM
    Blockchain Engineer
    ILSEOK IM
    ILSEOK IM
    Business planning Manager
    ILSEOK IM linkedin
    JAY YOO
    JAY YOO
    Business planning Manager
    JAY YOO linkedin

    Advisors

    SEUNGHUN HAN
    SEUNGHUN HAN
    SEUNGHUN HAN linkedin
    CHULHO LEE
    CHULHO LEE
    CHULHO LEE linkedin
    TAEHONG KANG
    TAEHONG KANG
    TAEHONG KANG linkedin
    HYUKJUN KWON
    HYUKJUN KWON
    CHEOLHWAN KIM
    CHEOLHWAN KIM
    CHEOLHWAN KIM linkedin
    HYUNWOO YI
    HYUNWOO YI
    DAVID LEE
    DAVID LEE
    DAVID LEE linkedin
    JONGWON KIM
    JONGWON KIM

    Social media

    ReapChain web-siteReapChain RedditReapChain MediumReapChain TelegramReapChain BTCTalkReapChain X (Twitter)ReapChain FacebookReapChain Github

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