[About us]ReapChain Token Economy 1
ReapChain, which is easy for anyone to use, aims for a platform sharing economy business model providing economic incentives to the participants of blockchain to encourage them to activate ReapChain voluntarily.
In general, the nodes in which mine blocks get rewarded in the PoW (Proof-of-Work) system. In the PoS (Proof-of-Stake) system, nodes get rewarded only by depositing cryptocurrencies. On the other hand, in ReapChain, anyone who holds REAP or participates in the ReapChain ecosystem can be rewarded according to their contribution to maintain the ReapChain network through transaction verification and block generation.
ReapChain aims to establish a structure where the users interactively participate and get rewarded accordingly in ReapChain. It creates a virtuous circle in which the IoT infrastructure will be enriched and IoT industry will be flourished.
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