- Last Price0.01
- Turnover (24h)468.76
- All-Time High0.35
- Total Supply1B
- Fully Diluted Market Cap17.8M
- Ranking1211
- Market Cap17.41M
- All-Time Low0.01
- Circulating Supply977.83M
What is REI
Learned by 1.6k usersPublished on 2024.03.29Last updated on 2025.06.04
0.01
0.00%
Note: The project description is sourced from official materials provided by the project team. However, it is important to note that these materials may be outdated, contain errors, or omit certain details. The provided content is for reference purposes only and should not be considered investment advice. HTX does not assume any liability for any direct or indirect losses incurred as a result of relying on this information.
How to Buy REI Network (REI)Learn now
I. Project Introduction
1. What Is REI Network?
REI Network (formerly GXChain 2.0) is an EVM-compatible public blockchain. As an Ethereum para chain, it owns the features of lightweight, free and dev-friendly. REI Network is to effectively solve the current high cost and low-efficiency problems of public chains. REI Network can achieve free, low-cost development, and rapid migration of applications, and can be shared and symbiotic with the EVM ecosystem, also supporting the development of Defi, GameFi, and NFT.
2. How Does REI Network Work?
Full EVM Compatibility: REI Network ensures compatibility with existing dApps and smart contracts, supporting Ethereum's RPC and WebSocket interfaces.
DPoS+BFT Consensus Algorithm: REI Network utilizes Delegated Proof-of-Stake consensus to create a more efficient and energy-preserving network.
System Contracts: a collection of built-in contracts that implements functions including staking, resource management, IBC, etc.
REI DAO: a decentralized governance community that manages REI Network via voting on proposals and granting funds to projects.
3. Who Founded REI Network?
The team information is not publicly disclosed. In July 2018, the project received investment from Fenbushi Capital, Bixin Ventures, 8 Decimal Capital, LinkVC, Nirvana Capital, and Imagination Capital.
4. REI Network Tokenomics
$REI is the native token of REI Network, created through a swap from the GXC token, with a maximum supply of 1 billion. $REI is used for paying transaction fees, participating in on-chain governance, serving as validator staking, and exercising the sole voting power in node elections. At the same time, users can also stake $REI to own $Crude, which can be used instead of gas to enable fee-free transactions.
5. Timeline of Key Milestones
In Q2 2021, the developer preview of GXChain 2.0 was released, and EVM and PoA consensus were later introduced to the testnet.
At the end of 2021, the project was rebranded to REI Network, adopting a free economic model and enabling cross-chain interoperability.
In early 2022, the $GXC-$REI token swap was initiated, the mainnet was officially launched, and the REI DAO and Super Node program went live.
In H2 2022, the project focused on developing a modular architecture, rollups, and multi-chain integration.
In 2023, performance optimization and global application were carried out.
II. Cryptocurrency Information
1) Basic Information
Name: REI (REI Network)
III. Related Links
Official Website:https://www.rei.network/#/
Blockchain Explorer:https://scan.rei.network/
Social Media:
https://github.com/rei-network
https://twitter.com/GXChainGlobal
https://medium.com/gxchain-project
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.
Trading
Spot
Futures
Hot Articles
How to Buy REI
Welcome to HTX.com! We've made purchasing REI Network (REI) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy REI Network (REI) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your REI Network (REI)After purchasing your REI Network (REI), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade REI Network (REI)Easily trade REI Network (REI) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.
542 Total ViewsPublished 2024.03.29Updated 2025.06.04
What is REI
I. Project Introduction1. What Is REI Network?REI Network (formerly GXChain 2.0) is an EVM-compatible public blockchain. As an Ethereum para chain, it owns the features of lightweight, free and dev-friendly. REI Network is to effectively solve the current high cost and low-efficiency problems of public chains. REI Network can achieve free, low-cost development, and rapid migration of applications, and can be shared and symbiotic with the EVM ecosystem, also supporting the development of Defi, GameFi, and NFT.2. How Does REI Network Work?Full EVM Compatibility: REI Network ensures compatibility with existing dApps and smart contracts, supporting Ethereum's RPC and WebSocket interfaces.DPoS+BFT Consensus Algorithm: REI Network utilizes Delegated Proof-of-Stake consensus to create a more efficient and energy-preserving network.System Contracts: a collection of built-in contracts that implements functions including staking, resource management, IBC, etc.REI DAO: a decentralized governance community that manages REI Network via voting on proposals and granting funds to projects.3. Who Founded REI Network?The team information is not publicly disclosed. In July 2018, the project received investment from Fenbushi Capital, Bixin Ventures, 8 Decimal Capital, LinkVC, Nirvana Capital, and Imagination Capital.4. REI Network Tokenomics$REI is the native token of REI Network, created through a swap from the GXC token, with a maximum supply of 1 billion. $REI is used for paying transaction fees, participating in on-chain governance, serving as validator staking, and exercising the sole voting power in node elections. At the same time, users can also stake $REI to own $Crude, which can be used instead of gas to enable fee-free transactions.5. Timeline of Key MilestonesIn Q2 2021, the developer preview of GXChain 2.0 was released, and EVM and PoA consensus were later introduced to the testnet.At the end of 2021, the project was rebranded to REI Network, adopting a free economic model and enabling cross-chain interoperability.In early 2022, the $GXC-$REI token swap was initiated, the mainnet was officially launched, and the REI DAO and Super Node program went live.In H2 2022, the project focused on developing a modular architecture, rollups, and multi-chain integration.In 2023, performance optimization and global application were carried out.II. Cryptocurrency Information1) Basic InformationName: REI (REI Network)III. Related LinksOfficial Website:https://www.rei.network/#/ Blockchain Explorer:https://scan.rei.network/Social Media:https://github.com/rei-networkhttps://twitter.com/GXChainGlobalhttps://medium.com/gxchain-projectNote: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.
1.6k Total ViewsPublished 2024.03.29Updated 2025.06.04
What is $REI
Understanding the REI Network: A Comprehensive Look at $$REI Introduction In the ever-evolving landscape of blockchain technology, innovative platforms are emerging to address various challenges and opportunities within the decentralized ecosystem. One such platform is the REI Network, which has positioned itself as a viable contender in the realms of decentralized finance (DeFi), gaming, and non-fungible tokens (NFTs). This article delves deep into the REI Network, exploring its purpose, operational mechanisms, the vision behind its creation, and its contribution to the Web3 ecosystem. What is the REI Network? The REI Network is an open-source blockchain framework designed with a dual focus: performance and decentralization. By leveraging a rapidly deployable and scalable architecture, it minimizes transaction costs while maximizing speed. Built on the Ethereum Virtual Machine (EVM), the REI Network offers seamless compatibility with existing Ethereum-based applications, which is pivotal for developers transitioning to Web3. At its core, the REI Network aims to provide users with a robust platform for a variety of applications, including but not limited to DeFi protocols, gaming environments, and NFT marketplaces. Its native token, known as REI, plays a multifaceted role within the network, serving as the medium for transaction fees, governance participation, and incentivizing network security. The Vision Behind REI Network’s Creation While the precise identity of the creator of the REI Network remains undisclosed, the project carries significant historical context as a rebranding from GXChain. This evolution suggests a strategic pivot aimed at enhancing its capabilities and aligning more closely with the needs of decentralized applications. By transforming its identity and operational model, the REI Network hopes to attract developers and users alike who are seeking a blockchain solution that meets contemporary demands for speed, efficiency, and low operational costs. Investment Landscape Currently, specific data surrounding the investors of REI Network is not publicly available. This absence of disclosed backers suggests a degree of community-driven investment or reliance on self-funding within the nascent phases of project development. What is evident, however, is the growing interest in projects like REI Network that foster innovative applications and community engagement, presenting ample opportunities for future investment and growth. The development of this platform is undoubtedly being observed keenly by various stakeholders in the blockchain and crypto arenas. Operational Mechanisms of the REI Network At the heart of the REI Network lies its innovative mechanism powered by a Proof of Stake (PoS) consensus algorithm. This approach allows for both efficiency in energy consumption and quick transaction confirmations—characteristics that are becoming increasingly vital in a competitive blockchain landscape. Unique Features of REI Network: Fast Transactions: REI Network prides itself on low-latency transaction processing, ensuring that confirmations occur within seconds. This instantaneous capability is critical not only for DeFi but also for real-time gaming experiences. Decentralized Governance: Empowerment of token holders through decentralized governance models fosters community involvement. Stakeholders can propose and vote on changes, thereby shaping the future of the network without centralized control. Security: Employing advanced cryptographic methodologies ensures robust levels of security, protecting user accounts and transaction integrity from potential attacks and vulnerabilities. Environmental Considerations: By utilizing a PoS mechanism, the REI Network stands out as a more environmentally sustainable option compared to its proof-of-work counterparts. This positions the network favorably in growing conversations about energy consumption in blockchain technology. Low-Cost Transactions: The network's architecture supports micropayments, making it an appealing choice for everyday digital transactions without the burden of high fees. Timeline of REI Network The trajectory of REI Network has been marked by several significant milestones that reflect its growth and developmental phases: 2021: The launch of REI Network as an open-source blockchain platform marked a new chapter following its rebranding from GXChain. This evolution set the stage for innovative advances in the blockchain realm. 2024: A commitment to ecosystem expansion became evident as new projects, including StarProtocol and Upton Finance, joined the REI Network. This diversification reflects a strategic endeavor to grow the network’s application base. 2024: Ongoing enhancements to the DeFi, GameFi, and NFT domains underscore the network's initiative to catalyze the development of cutting-edge applications that attract users and developers alike. Future Development Plans Looking ahead, the REI Network has laid out several ambitious plans to enhance its ecosystem further: Scaling and Performance Improvements: The introduction of advanced technologies, such as rollups and sharding, is anticipated to significantly boost the network's scalability and performance, capable of supporting an increased load of transactions. Ecosystem Expansion: The REI Network aims to continuously integrate new projects and applications, focusing on DeFi, GameFi, and NFTs to expand its horizons and maintain competitiveness in the blockchain sector. FreeStake and Economic Accessibility: By introducing a FreeStake model, the network intends to provide users with opportunities for free transactions during staking, enhancing accessibility and profitability for users while also incentivizing participation in network security. Conclusion The REI Network is positioned as a vital player in the evolving blockchain landscape with its innovative features and community-focused governance. As it continues to build on its foundational goals of high performance, low transaction costs, and broader adoption, it stands to contribute meaningfully to Web3 applications across various sectors. With an eye towards scaling and a commitment to enhancing user experience, the REI Network is an exemplar of how blockchain technologies can foster decentralized systems that empower users. Its journey from GXChain to a distinct identity opens avenues for future exploration, collaboration, and development in the thriving world of cryptocurrency. In summary, the impact of the REI Network on the blockchain ecosystem may very well serve as a benchmark for future projects striving for innovation, community collaboration, and operational excellence as the crypto landscape continues to expand.
34 Total ViewsPublished 2025.01.30Updated 2025.01.30
Discussions
Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of REI (REI) are presented below.