The REBL token
REBL ERC20 token
Currently, the REBL token is an ERC20 token. This means we are a token based on the Ethereum network, hosted by Ethereum addresses, and sent by Ethereum transactions. The distribution and transfer of REBL tokens are handled by the REBL smart contract, which is an application running on the Ethereum network.
ERC20 REBL token
ERC20 token to REBL blockchain coin
Swap Q4 2018
In Q4 2018, all Rebellious token holders will be able to swap their ERC20 REBL tokens to REBL coins on our own blockchain. More information about the token swap process will be communicated in the near future.
1. 165.000.000 tokens
have been airdropped to the community
2. 50.000.000 tokens
will be given as rewards to the community
3. 50.000.000 tokens
will be used to pay external costs
4. 26.200.000 tokens
are reserved for unexpected costs
5. 19.800.000 tokens
are reserved for the Rebellious team
Current market value
$ 665.73 K
The REBL COIN
REBL Blockchain COIN
The core of the REBL concept is the REBL Blockchain—an open-source blockchain validated and secured by nodes in the network that run on the Rebellious Proof-of-Stake consensus protocol. We prefer the Proof-of-Stake protocol over any other because we want every holder to be engaged with the project. Proof-of-Stake (PoS) is a category of consensus algorithms for public blockchains that depends on a validator’s economic stake in the network. In PoS-based public blockchains, a set of validators take turns proposing and voting on the next block, and the weight of each validator’s vote depends on the size of their deposit (ie. stake).
Proof of Stake
Reduced risk of a 51% attack
The Proof-of-Work protocol is sensitive to a 51% attack. This refers to the possibility of a group of miners controlling more than 50% of the network’s mining hashrate. Proof-of-Stake dramatically decreases the chance of the attack, as someone would have to own 51% of all the coins, which is highly unlikely and practically much harder than acquiring 51% of mining power.
With the Proof-of-Stake protocol, 5 million of coins will get you exactly 5 times higher returns than 1 million of coins. This is without any additional disproportionate gains because in proof-of-work, bigger players would be able to afford more efficient mass-production equipment which increases their reward while relatively spending less.
Increased environmental responsibility
The Proof-of-Stake consensus model is more energy efficient than Proof-of-Work schemes. No need to consume large quantities of electricity in order to secure a blockchain (it’s estimated that both Bitcoin and Ethereum burn over $1 million worth of electricity and hardware costs per day as part of their consensus mechanism).