CryptoAdvocate 🇦🇺

We have (well, had) a member of the community who just couldn’t accept the concept of native and wrapped tokens. He kept sending screenshots from DexScreener (or similar) showing the red exclamation mark and saying the token isn’t renounced. One final time, I want to explain what the REACT token is. It’s the native token of Reactive Network, which means all emission comes from Reactive Network. I honestly don’t know how it could be explained in simpler terms. Outside of Reactive Network, for example on Ethereum or Base, REACT is represented by Wrapped REACT. That’s a token minted every time someone locks native tokens in the bridge contracts. When you bridge back to Reactive, the wrapped token is burned and the native tokens are unlocked from the bridge contract on Reactive. Wrapped REACT’s smart contracts will never give up their mint functionality, because without it there would be no bridging. Wrapped REACT’s smart contracts will never have their ownership renounced either. If they did and a vulnerability were found in the bridge, the team couldn’t do anything to stop the hack, and every token holder would become collateral damage. Now let’s clear the air about Reactive Network itself. For context, any network can decide to mint tokens if all its validators agree to it. Remember CRO minting 70 billion tokens? Reactive is committed to finding validation partners trusted by the space, not just by us. There’s no intention to mint tokens, today or in 10 years, but having external validation will end this discussion once and for all. Cheers, Daniil

Hello, beautiful cometbft Mainnet 🫡 I'll drop a message once staking is available (couple more hours!)

Delegated Staking is now live on Reactive Omni Mainnet! portal.reactive.network Anyone who stakes now directly contributes to the network’s security. Details on the validator program are coming soon.

Goodbye, geth-stack Mainnet, you won't be missed 🫡