REI Network REI Social Audit & Trust Score
Market Data & Token Stats
| Fully Diluted Valuation | $2.89M |
|---|---|
| 24H Trading Volume | $687,847 |
| 24H Low / High | $0.002836 / $0.002984 |
| Circulating Supply | 986.60M |
| Total Supply | 1.00B |
| Max Supply | 1.00B |
Market Health Signals
| Vol / MC Ratio | 24.16% High |
|---|---|
| Circulating Ratio | 98.66% Very High |
Key Project Information
| Categories | Smart Contract Platform 1 more |
|---|---|
| Founder | Mcqueen Huang |
| Website | rei.network |
| Socials | 4 more |
| Explorer | Rei |
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$rei Markets
| Name | Pair | OG Score |
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About REI Network
In the ever-changing landscape of blockchain technology, the REI Network has positioned itself as a noteworthy contender, strategically adapting to industry trends. Formerly recognized as GXChain 2.0, the REI Network signifies more than just a rebranding effort, presenting a substantial upgrade to redefine the user experience.
Lightweight and Ethereum Compatibility
At its core, the REI Network distinguishes itself as a lightweight, Ethereum-compatible public blockchain. The initiative stems from a pragmatic response to prevalent challenges faced by existing public chains, specifically high costs and operational inefficiencies. Through a deliberate redesign, the REI Network aims to facilitate free, low-cost development and seamless application migration while fostering compatibility within the Ethereum Virtual Machine (EVM) ecosystem.
Tokenomics for Resource Optimization
A noteworthy innovation within the REI Network is its unique tokenomics design. The platform places a strong emphasis on reducing resource consumption through a "Gas-Free" model, enabling users to execute on-chain transactions with minimal costs. This approach not only enhances user-friendliness but also contributes to a more resource-efficient blockchain environment.
High-Performance and Green Consensus
Speed is a pivotal aspect of the REI Network, boasting an average block time of 3 seconds and a transaction per second (TPS) rate exceeding 3000. The network achieves this notable performance without compromising decentralization, thanks to its green-based Delegated Proof of Stake (DPoS) + Byzantine Fault Tolerance (BFT) consensus mechanism. This ensures operational efficiency while maintaining an eco-friendly approach to blockchain operations.
Effortless Ethereum Migration and Developer Support
The REI Network positions itself as a versatile platform supporting various use cases, particularly in decentralized finance (DeFi), GameFi and Non-Fungible Tokens (NFTs). Its compatibility with the Ethereum infrastructure allows for the seamless migration of Ethereum applications. Developers are provided with tools to build a range of decentralized applications (DApps), including decentralized exchanges, play-to-earn games, NFT marketplaces, non-custodial lending solutions and next-generation stablecoins.
Evolution from GXChain to REI Network
The history of the REI Network traces back to the release of the GXChain 2.0 developer preview version in the second quarter of 2021. Through subsequent upgrades and enhancements, the network evolved into the REI Network in the fourth quarter of the same year. The transition marks a dedicated focus on ecosystem infrastructure construction, brand building and the development of its stake-based economic model.
Decentralized Governance with REI DAO
Aligning with the ethos of decentralization, the REI Network introduces the REI DAO – a decentralized governance community. This represents a commitment to transparent and open governance, involving the community in decision-making processes and returning on-chain governance to each REI holder.
In conclusion, the REI Network emerges as a significant player in the blockchain domain, driven by a commitment to efficiency, compatibility and sustainability. The evolution from GXChain underscores the network's dedication to staying abreast of industry trends, offering users a cutting-edge, objective and user-friendly blockchain solution for the future.
What is unique about REI Network (REI)?
REI Network stands out for its lightweight, Ethereum-compatible blockchain framework, emphasizing high performance and minimal transaction costs through innovative tokenomics, achieving an average block time of 3 seconds and over 3000 transactions per second (TPS) with a green-based Delegated Proof of Stake (DPoS) + Byzantine Fault Tolerance (BFT) consensus mechanism.
Who are the founders of REI Network (REI)?
The specific founder of REI Network is Mcqueen Huang.
Who are the backers/investors of REI Network (REI)?
The evolution from GXChain to REI Network suggests a strategic approach to development, but supporters and investors of the project are unknown. For up-to-date investor/backer information, please visit the project's official website.
Where can I buy REI Network (REI)?
Upbit, Bithumb, HTX, Upbit Indonesia
Information in this section carefully collected and curated from publicly available data from official sources, including the REI Network Official Website, REI Network GitHub Repository and REI Network X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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