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logoREI Network (REI)

An EVM-Compatible Blockchain.
  • REI Network is a low-cost EVM-compatible blockchain which was rebranded from GXChain.
  • REI Network aims to achieve a lightweight, EVM-compatible, higher performance, and no-fee blockchain framework. Users can stake REI to have free transactions on REI Network.
  • REI is the native token of the project. The current use cases for REI include:
    • Pay gas fee: REI can be used to pay gas fee for processing and verifying the transaction.
    • Governance: REI token holders can vote and participate in governance of REI DAO.
    • Stake to become a validator: REI can be used as a pledge token for nodes who want to become a validator of REI Network.
  • The project consists of the following major components working in conjunction:
    • REI DAO: a decentralized governance community that manages REI Network via voting on proposals and granting funds to projects.
    • 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.
  • As of June 28th, 2022, the total token supply of REI token is 1,000,000,000. The current circulating supply is 950,000,000 (95% of the total token supply).