Refereum Coin: A Reward Platform for Gamers and Streamers

Refereum Coin: A Reward Platform for Gamers and Streamers

Refereum Coin (RFR) is a cryptocurrency that is used as the medium of exchange and reward on the Refereum platform, a reward platform that aims to connect gamers, streamers, and developers in a decentralized and transparent way. Refereum is powered by the Ethereum blockchain, and leverages its features such as smart contracts, ERC-20 tokens, and decentralized applications. Refereum also collaborates with various partners and platforms, such as Twitch, Fortnite, PUBG, Unity, and Binance, to provide a comprehensive and diverse service for its users.

Coin Introduction and Features

RFR was launched in 2018 as part of the Refereum ecosystem, which consists of two main components: the Refereum service and the Refereum token. The Refereum service is a web-based platform that allows users to earn, spend, and trade RFR tokens by engaging with games and streams. The Refereum token is a utility token that is used for economic activity and governance on the platform. RFR has several features that make it attractive for users and developers of the Refereum platform and beyond. Some of these features are:

• RFR is used as the medium of exchange and reward on the Refereum platform, which creates a circular economy and a positive feedback loop for the participants. Users can earn RFR by playing games, watching streams, referring friends, and completing tasks. Users can also spend RFR to buy games, in-game items, subscriptions, and other services. Users can also trade RFR with other users or on exchanges.
• RFR is also used as the governance token of the Refereum platform, which empowers the community and ensures the transparency and fairness of the platform. RFR holders can vote on various proposals and decisions that affect the platform, such as the game selection, the reward distribution, and the platform development. RFR holders can also delegate their voting power to other users or validators, who are responsible for maintaining the security and functionality of the platform.
• RFR is compatible with the latest developments and innovations from the Ethereum network, which is the underlying blockchain of the Refereum platform. Ethereum provides various features and services that enhance the performance, scalability, and functionality of the Refereum platform, such as smart contracts, ERC-20 tokens, and decentralized applications. These features enable the Refereum platform to execute and verify the transactions and rewards in a trustless and efficient manner.

Market Analysis and Trends

RFR has experienced significant price fluctuations in the past, mainly due to the supply and demand dynamics of the Refereum platform and the cryptocurrency market. RFR has a maximum supply of 5 billion tokens, which is determined by the inflation rate of the platform. The inflation rate decreases every year, until it reaches zero in 2039. The current annual inflation rate of RFR is around 3.5%1. The demand for RFR is influenced by the activity and popularity of the Refereum platform, as well as the external factors such as the price of ETH and other cryptocurrencies, the regulatory environment, and the market sentiment.

According to CoinMarketCap, RFR is currently ranked 1835th among all cryptocurrencies, with a market capitalization of $392,725 USD and a 24-hour trading volume of $38,183.91 USD. The current price of RFR is $0.000079 USD, which is up 7.67% in the last 24 hours and up 17.5% in the last 7 days. The all-time high price of RFR was $0.0613 on April 2, 2021, and the all-time low price was $0.0008 on March 13, 2020.

The price trend of RFR is largely correlated with the price trend of ETH, which is the main driver of the Refereum platform and the RFR generation. ETH has also experienced significant volatility in the past, reaching an all-time high of $4,362.35 on May 12, 2021, and an all-time low of $0.4209 on Oct 21, 2015. The recent price movements of ETH and RFR have been influenced by several factors, such as:

• The recovery of the cryptocurrency market in 2020 and 2021, which was driven by the increased adoption and innovation of Bitcoin, Ethereum, and other altcoins. The cryptocurrency market reached a new all-time high of over $2 trillion in April 2021, which boosted the demand and price of many cryptocurrencies, including ETH and RFR. The market also witnessed increased volatility and corrections, which affected the price of ETH and RFR as well.
• The development and updates of the Refereum platform and the RFR project, which aimed to improve the user experience, the security, and the scalability of the platform. Some of the recent updates include:
  • The launch of Refereum Plus in March 2021, which is a premium subscription service that offers exclusive content, discounts, and benefits to the users. Refereum Plus costs 9,900 RFR per month, and users can pay with RFR or other cryptocurrencies via the Poly Network.
  • The integration of RFR with various platforms and services, such as:
    • Twitch, the leading live streaming platform for gamers, which partnered with Refereum in 2018, allowing users to earn RFR by watching and streaming games on Twitch2.
    • Fortnite, PUBG, and other popular games, which integrated with Refereum in 2019, allowing users to earn RFR by playing and completing quests on these games3.
    • Unity, the world’s leading game engine, which collaborated with Refereum in 2019, allowing developers to use RFR to incentivize and reward their players and testers4.
    • Binance, the world’s largest cryptocurrency exchange, which listed RFR in 2019, enabling users to buy and sell RFR with fiat currencies and other cryptocurrencies.

Project Updates

The Refereum platform and the RFR project are constantly evolving and improving, thanks to the efforts of the developers, the validators, and the community. Some of the latest updates and announcements for the Refereum platform and the RFR project are:

• The launch of Refereum Studio in April 2021, which is a content production and distribution company that focuses on creating original and quality content for the Refereum platform. Refereum Studio aims to support and collaborate with talented and passionate gamers and streamers, and to provide them with a fair and transparent revenue share, audience data, and exposure opportunity.
• The announcement of the Refereum NFT Marketplace in March 2021, which is a platform that allows users to create, buy, and sell non-fungible tokens (NFTs) related to games and streams on the Refereum platform. NFTs are unique and scarce digital assets that represent the ownership and authenticity of various forms of art, such as skins, weapons, badges, and clips. The Refereum NFT Marketplace will use RFR as the main currency, and will leverage the Ethereum blockchain and the IPFS storage system to ensure the security and efficiency of the transactions and the storage of the NFTs.
• The integration of RFR with Ledger Live in February 2021, which is the official app for managing Ledger hardware wallets. Ledger Live allows users to securely store, send, and receive RFR with their Ledger devices, as well as access other features such as portfolio management, staking, and swapping.

Analysis and Recommendations for Investments

RFR is a unique and valuable cryptocurrency that offers a medium of exchange and reward on the Refereum platform, a reward platform that aims to connect gamers, streamers, and developers in a decentralized and transparent way. RFR has several advantages and disadvantages as an investment, which are:

• Advantages:
  • RFR is used as the medium of exchange and reward on the Refereum platform, which creates a circular economy and a positive feedback loop for the participants. Users can earn RFR by playing games, watching streams, referring friends, and completing tasks. Users can also spend RFR to buy games, in-game items, subscriptions, and other services. Users can also trade RFR with other users or on exchanges.
  • RFR is also used as the governance token of the Refereum platform, which empowers the community and ensures the transparency and fairness of the platform. RFR holders can vote on various proposals and decisions that affect the platform, such as the game selection, the reward distribution, and the platform development. RFR holders can also delegate their voting power to other users or validators, who are responsible for maintaining the security and functionality of the platform.
  • RFR is compatible with the latest developments and innovations from the Ethereum network, which is the underlying blockchain of the Refereum platform. Ethereum provides various features and services that enhance the performance, scalability, and functionality of the Refereum platform, such as smart contracts, ERC-20 tokens, and decentralized applications. These features enable the Refereum platform to execute and verify the transactions and rewards in a trustless and efficient manner.