TI Rating Report: ReapChain
ReapChain is a hybrid protocol mainly facing the IoT industry, which is based on the PoDC (Proof of Double Committee) consensus algorithm that improved the DPoS (Delegated Proof of Stake) and PBFT (Practical Byzantine Fault Tolerance) algorithm.
According to the disclosure, ReapChain officially started to develop the protocol in Q1 2019 and completed the testnet development of ReapChain's mainnet. In the next Roadmap, ReapChain aims to develop its own NFT platform.
$REAP is the native token of ReapChain. The primary utility of $REAP is serving as fuel in ReapChain ecosystem. In addition, $REAP will be rewarded to $REAP holders, standing committee nodes, and steering committee nodes from the gross transaction fee.
TokenInsight gives ReapChain a rating of CCC, with a stable outlook.