REI Network was developed to better adapt to the development trend of blockchain and achieve a lightweight, Ethereum compatible, higher performance and free blockchain framework.
What is REI Network (REI)?
Over the past period of time, we have witnessed many innovative on-chain protocols born on the new public chain. According to REI, users can receive incentives when using these protocols, but they have to pay a high transaction fee. REI Network says they can help solve these problems: Users can complete on-chain transactions with almost zero fees through the innovative staking and exchange design of on-chain resources. At the same time, REI Network hopes to introduce a higher quality on-chain ecosystem to coordinate the relationship between users, developers and REI Network.
According to statements made, REI Network is a fully decentralized governance public chain. The team aims to provide sufficient capital to the development team deployed in the REI Network to promote the improvement of the REIcosystem (REI Network ecosystem) and on-chain efficiency. The REI Network team is evaluating three key dimensions of the protocol for grant distribution:
- Total locked value
- Project innovation
- Chain activity
Founded in 2017 and first known as GXChain, the project set out to build a valuable data internet. To this end, it is compatible with EVM, offers a slashing module, creates a free development platform and has also evolved into a new brand name, REI Network.
REI is derived from the first three letters of the words Rapid, Economical and Innovative, corresponding to the three key features of the REI Network. It represents REI’s mission to replace GXC and start anew.
What is EVM Compatible Blockchain? The REI Network (GXChain 2.0) is not just a technical iteration, but a refactoring and rewriting of the code layer and is fully compatible with the EVM public chain. It is said to revert back to the simpler syntax of typewritten text as the development language for the underlying code, and to use established open source projects for the core modules. Sharing the infrastructure with Ethereum and the ability for Ethereum developers to seamlessly transition to REI Network for development is described as an overall bonus release for the REI Network itself and the original developers on it.
REI Coin Comment
REI Network also offers a free gas feature. Thanks to the innovative staking and exchange design for on-chain resources, users can complete on-chain transactions with almost zero fees. For this reason, both REI Network and REI token attract users.
How to Buy REI Coin?
REI Coin can be purchased quickly and securely through Binance, the world’s largest cryptocurrency trading platform by trading volume.
To buy REI Coin, you must first become a member of Binance and then send fiat money. After sending a fiat currency such as Turkish Lira or dollars, the purchase can be realized in the REI trading pair by taking BUSD, Ethereum (ETH), Binance Coin (BNB) and Tether (USDT), where REI Coin is traded.
In addition, on Binance, users can place purchase orders not only at market value but also at lower values, allowing users to buy at any price they want. Simply use the Limit tab and enter the amount you want to buy and the price you want to buy at.
