REI Network was developed to better adapt to the development trend of the blockchain and to achieve a lightweight, Ethereum-compatible, higher performance, and free blockchain framework.
What is REI Network (REI)?
In recent times, we have witnessed many innovative on-chain protocols born in the new public chain. According to REI statements, users can receive incentives when using these protocols but have to pay a high transaction fee. REI Network states that 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 the REI Network.
According to statements, REI Network is a completely decentralized governance public chain. The team aims to provide sufficient capital to the development team assigned to the REI Network to promote the improvement of the REIcosystem (REI Network ecosystem) and activity on the chain. The REI Network team evaluates three fundamental dimensions of the protocol for grant distribution:
- Total value locked
- Project innovation
- Chain activity
Founded in 2017 and initially known as GXChain, the project set out to create a valuable internet of data. To this end, it is compatible with EVM, offers a slashing module, creates a free development platform, and has evolved into a new brand name, REI Network.
REI is derived from the first three letters of Rapid, Economical, and Innovative, which correspond to the three main features of the REI Network. It represents the mission of replacing GXC and restarting.
What is an EVM Compatible Blockchain? REI Network (GXChain 2.0) is described not just as a technical iteration but as a restructuring and rewriting of the code layer, fully compatible with the EVM public chain. It is stated that the simpler syntax of the development language has been returned to for the basic code, and built-in open-source projects have been used for core modules. Sharing infrastructure with Ethereum and the ability for Ethereum developers to seamlessly transition to developing for REI Network are described as general bonus versions for both REI Network and the original developers on it.
How to Buy REI Coin?
REI Coin can be quickly and securely purchased via Binance, the world’s largest cryptocurrency trading platform by transaction volume.
To buy REI Coin, you first need to become a member of Binance and then send fiat currency. After sending fiat currency such as or dollars, you can buy BUSD, Ethereum (ETH), Binance Coin (BNB), or Tether (USDT), which REI Coin is traded with, and perform a purchase transaction on the REI trading pair.
Additionally, on Binance, users can place a purchase order at a lower value than the market value and buy at the desired price. To do this, use the Limit tab, enter the amount you want to buy and the price you want to buy it at.
