Reef shares its accomplishments in Q2

Reef has published its accomplishments for the second quarter, informing the community that it is indeed in pursuit of achieving greater innovation in Web3. This majorly pertains to MENA with no restrictions whatsoever.

Some of the accomplishments are the Bitcoin news feature, $10M Accelerator Program Launch, and Binance Connect Integration.

The program was announced by Reef Labs to foster innovation and development of decentralized applications, also known as dApps. The extensive program is underway, and the direction that it is headed is estimated to bring benefits to the Reef Chain.

Reef Chain has further embraced the energies of Binance Connect. This has made it easier for them to onboard new customers. The registration process or the number of steps it takes to get started can often discourage users rather than encourage them. The simpler the onboarding process, the better it is for the platform to retain registered customers.

Millions of customers from different parts of the world have leveraged the benefits of Binance Connect.

Bitcoin News feature brings everyone back to the $10M Accelerator Program. It explains the functioning of the program and how it can help one grow in the Web3 market. AlterVerse, a project backed by Binance Labs, secured a spot in the Accelerator Program. The achievement came in the second quarter with plans to integrate a game creation platform. This will happen in the Reef Chain, taking REEF predictions by storm already. 

The Reef Explorers Series was launched in the quarter. It gives a platform to Janesh Balchandani to dig a little deeper into Web3, Reef Chain, and many more relevant topics. As of articulating this piece, Episode 0 and Episode 1 are live from the series.

A comprehensive guide for the community was launched – Reefaq.io. It has been drafted by the community and released in June. Furthermore, defined as a knowledge hub, the guidance covers a wide spectrum, including tutorials and answering questions.

Onramp joined the ecosystem. It makes sure that $REEF on-raming solutions are accessible to customers. It is a fiat-to-crypto solution provider, targeting a large number of users residing in India and Türkiye. The Chain in itself went through a notable advancement. This stretches across Custom EVM binding apps, custom icons for contract owners who are verified, and a dedicated Buy $REEF app, to mention a few.

Reef celebrated having 10,000 wallets by organizing an NFT drop for its community. Special in nature, the NFT drop saw many users come forward and participate in the celebration.

Interactive updates include hosting AMA sessions and Twitter Spaces.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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