REEF by SQUID Networks - Get Paid to Play
DEWI08![](/file/6c6b7f56c014f8f597db8.png)
Introduction
As progressive as it sounds, Blockchain really is a system to convey everybody to the most noteworthy level of responsibility. Not any more missed exchanges, human or machine blunders, or even a trade that was not finished with the assent of the gatherings included. Above whatever else, the most basic territory where Blockchain causes is to ensure the legitimacy of an exchange by recording it on a principle enroll as well as an associated dispersed arrangement of registers, which are all associated through a safe approval component.
![](http://www.thereef.io/images/Roadshow/playexpo/5.png)
The blockchain is a morally sound computerized record of monetary exchanges that can be customized to record not simply money related exchanges but rather for all intents and purposes everything of esteem. Blockchain innovation resembles the web in that it has a worked in power. By putting away squares of data that are indistinguishable over its system, the blockchain can’t be controlled by any single substance and has no single purpose of disappointment. The web itself has turned out to be tough for just about 30 years. It’s a reputation that looks good for blockchain innovation as it keeps on being produced.
The global gaming industry has re-evaluated itself to expand shopper commitment and income development on a worldwide scale. The time has come to get rid of old phrasing and reconsider how we portion buyers dependent on the wide assortment of game conduct and inclinations.
Gaming has developed into an inside and out excitement wonder. In the event that you include all playing and survey hours, gaming is the world's preferred diversion. Purchasing and owning physical items that are explicitly created for gaming adds to the potential outcomes for customers to make the most of their energy for recreations. How an individual partitions his or her time as well as cash exaggerating, review, and owning contrasts significantly. An extra overlying measurement is the way effectively individuals share or draw in with gaming substance and dialogs on informal communities and other (on the web) networks.
OVERVIEW OF REEF
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Gaming is fun anyway Reef accepts most of gaming stages today hope to abuse that however their aims are extraordinary. Reef needs to make a stage which isn't just fun, yet in addition offers gamers the chance to get paid while they play. The more you play the more you procure. This idea frames the foundation of Squid Networks' marketable strategy.
Squid Networks Ltd is an innovation organization who plan to make a decentralized gaming stage called Reef by propelling an underlying coin offering (ICO). Reef will enable both gamers and engineers to gain money inside the stage. We trust Squid Networks has the ability to disturb the £70 billion gaming industry by using blockchain innovation and open the likelihood for gamers and designers to acquire Squid Tokens and benefit from making recreations.
Reef will enormously expand the quantity of gamers worldwide that can win while gaming by making a decentralized gaming stage which will compensate clients with utility tokens (called SQUID tokens) for support in the stage; Gamers will get paid to play and engineers will procure a little level of tokens in the process as gamers make their recreations.
This will be made conceivable through the novel Proof of Gaming (PoG) calculation which will designate tokens consequently to the gamers and engineers.. The calculation will take into account normal, predictable and secure installments direct to the client which is as of now not found anyplace else in the gaming business on this scale.
Reef will enable gamers to have the chance to legitimately connect with the game designers of the amusements they play on Reef. Reef will make the main significant audit framework which will utilize gamers rankings and in-game measurements to enable designers to separate among accommodating and unhelpful surveys. This will guarantee that gamers feel their sentiments check and help engineers improve their recreations.
Reef intends to cross over any barrier among gamers and designers and enable gamers to get paid to play. They endeavor to enable gamers to directly affect the diversions they played through network casting a ballot while allowing designers to exhibit their advancements. They additionally need to separate the current obstructions to passage inside the market and make greater chance to cooperate with the network. At long last Reef need to expand the measure of gamers that can get paid for accomplishing something they cherish, they intend to accomplish this by presenting the local SQUID token.
Highlights of the Platform
•Network Driven - Unlike other gaming stages which restrains the intensity of gamers, Reef means to give gamers chances to control the stage. A case of this is the SquidProval highlight, gamers will most likely vote in favor of amusements to enter Reef stage. Gamers will likewise include devoted space inside the Squid Networks gatherings where they can associate with the remainder of the network, straightforwardly contact game designers and offer input.
•Get paid to play - No other gaming stage today works like Reef will. Through the remarkable Proof of Gaming (PoG) calculation, gamers will probably win SQUID Tokens by essentially making the amusements they appreciate the most. The PoG calculation will consequently send 97% of tokens earned to the gamers wallet, and the remaining 3% to the relating designer.
•Ethereum Blockchain Technology-ThIs progressive innovation is utilized to store information and encourage the exchanges between the PoG calculation and the client.
How the Platform functions
The stage capacities right off the bat by game engineers publicizing their game to SquidProval, where it is made a decision by the network. In the event that the game is casted a ballot into the stage, the engineer must incorporate their game with the Reef API to take into consideration themselves and gamers to be compensated for making their appearance. Gamers will at that point have the option to win SQUID tokens while making the showing on Reef and all prizes will be sent to their Reef Wallet which is connected to the Ethereum blockchain.
Advantages of the Platform
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Why pick Reef?
Reef will:
- be open to all genres within the gaming market
- create a decentralized platform for all gamers
- utilize blockchain technologies
- offer many features including a combination of early access, F2P and P2P games
- allow P2P games and in-app transactions to be purchasable with the native SQUID Token
- be a community driven platform connecting gamers and developers
- allow both gamers and developers to help maintain the platform
- have a customisable platform interface for both gamers and developers
Benefits
![](http://www.thereef.io/images/Roadshow/playexpo/4.png)
As the stage will use the blockchain innovation there will be uplifted straightforwardness among designers and gamers. Insights and exchanges are open, making more trust and eventually a progressively cognizant market.
Squid Tokens earned by gamers and designers will be interchangeable for different digital forms of money and fiat cash. This will be conceivable by posting our coin on trade sites.
When Reef is at an appropriate phase of advancement, the gamers and designers will assume an expanding job in the up keep of the framework. Eventually moving towards turning into a completely decentralized stage dissimilar to anything in presence today.
Reef will have upgraded availability, the stage will have an easy to use interface for both gamers and designers. Highlights, for example, custom fitted perspectives and measurements will guarantee clients amplify their experience while utilizing the stage
The SQUID Token
The Squid Token is an ERC-20 token. Squid Tokens have been designed for use within the Reef platform; SQUID is the reward earned by gamers for spending time gaming on the Reef platform. This reward is automatically calculated by our Proof of Gaming (PoG) algorithm, which operates within the platform itself. This algorithm will also allocate 3% of the tokens earned by gamers, to the corresponding game developer(s). Squid Tokens use-case is based around gaming within the Reef platform.
Token Details
- TICKER: SQUID
- PLATFORM: ERC20
- COUNTRY: United Kingdom
- ACCEPTING - ETH
- PRICE: 1 SQUID = £0.30
- SOFT CAP: 22,750 ETH
- HARD CAP: 77,697 ETH
- TOTAL TOKENS: 9,125,000,000
- AVAILABLE FOR SALE: 1%
- KYC REQUIRED: Yes
- WHITELIST: 17 JUN 2019 - 24 JUN 2019
- PRE SALE: 17 SEP 2019 - 24 SEP 2019 (0.1125 GBP = 1.0 SQUID)
- PUBLIC SALE: 17 DEC 2019 - 17 DEC 2019 (0.1425 GBP = 1.0 SQUID)
Token Distribution
![](https://images.golos.io/DQmNgYXuJUjhCP5cGgEXNtjK9V7B2yGzvUAyexvYF5eZusu/m.png)
Road Map
Q1 2017
- Idea of Squid Networks conceived
- Market research into the gaming industry, other gaming platforms and the blockchain
Q2 2017
- Start up capital raised for initial costs such as whitepaper translation, SSL badge website hosting, advertising, and video creation
Q3 2017
- Development of token and token sale smart contracts began on the Ropsten test network
- Research conducted into market & concepts are tested. Findings recorded in a draft whitepaper
Q4 2017
- Website development
Q1 2018
- Website published along with development of white paper version 1.0
- SQUID NETWORKS LTD. is officially incorporated via companies house
Q2 2018
- Development of the smart contract for SQUID token and integrated onto the Ethereum blockchain
- Team expansion to meet the growing needs of the business
Q3 2018
- Full Legal compliance ensured including GDPR
- Development of the marketing plan
Q4 2018
- Prototype of the platform developed
- Expansion of game partnerships for the Reef
Q1 2019
- White paper v2.0 released
- Market campaign commences
- Private sale details will be sent out to all registered users
Q2 2019
- Private sale commences
- Development of the Reef platform commences
Q3 2019
- Pre-sale commences
- Further expansion of the team
- Mobile development begins
Q4 2019
- Public sale commences
Q1 2020
- Beta-testing phase and feedback gathering before the public release of the network
Q2 2020
- Reef will be fully developed. The platform will be open to everyone and the PoG algorithm will come into full effect
Team
![](https://images.golos.io/DQmV2dnx4deVNvz82n1MTPe9z2ynq6TUtH5You1jt3qwzWy/m.png)
For more information, please visit:
Website: https://www.thereef.io/
ANN BTT: https://bitcointalk.org/index.php?topic=5144614.msg51106873
Whitepaper: https://www.thereef.io/docs/whitepaper.pdf
Twitter: https://twitter.com/reefplatform
Instagram: https://instagram.com/reefplatform
Facebook: https://www.facebook.com/thereefplatform/
Telegram: https://t.me/reefplatform
Medium: https://medium.com/@reefplatform
Linkedin: https://www.linkedin.com/company/squid-networks/
Squid Forum: https://www.thereef.io/forum/
Discord: https://discord.gg/v6GBjtH
Github: https://github.com/Reefplatform
Youtube: https://www.youtube.com/channel/UCRChA5KXUSjqeC_9JOYSwhQ
AUTHOR
Bitcointalk ID Name: Dewi08
Telegram: @ dhewio8
Profile Link: https://bitcointalk.org/index.php?action=profile;u=894088
Wallet address (ETH): 0x53D1Ea8619E638e286f914987D107d570fDD686B