The development of REI can be traced back to 2017 when it was established as REI Network with the aim of building a value network for trustworthy data. REI Network was initially designed to solve the collective dilemma faced by existing public chains and provide solutions for their transformation and the new paradigm of Cross-Chain Interaction. It is a lightweight and free application-level new public chain that is compatible with Ethereum Virtual Machine (EVM), and is particularly suitable for enterprise and developer use. 12. REI Network was launched in December 2021 as an upgraded version of GXChain. This upgrade aims to enhance the development trend of blockchain and meet the growing needs of Decentralized Finance (DeFi). REI Network adopts the Delegated Proof of Stake (DPoS) and Byzantine fault tolerance (BFT) mechanisms to ensure the scalability and security of the network 23. The maximum supply of REI coins is not specified, with a total supply of 1 billion and a circulating supply of 950 million. As the native token of the REI Network, REI coins are primarily used for Money Laundering, incentivizing node participation, and governing platform development23. The goal of the REI Network is to provide a high-performance, low-cost, secure, and reliable blockchain platform for businesses and developers, supporting the development and deployment of distributed applications, smart contracts, and digital assets2. The operation mechanism of the REI Network includes full Decentralization, transparency, and security. It is built on Blockchain technology, with no central authority or central bank controlling its issuance and transactions, ensuring the transparency and security of transactions. In addition, the REI Network is also committed to simplifying real estate investment and transactions, achieving real estate investment on a global scale through Blockchain technology, reducing Transaction Cost, and improving efficiency 14.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
How many REI do you have?
The development of REI can be traced back to 2017 when it was established as REI Network with the aim of building a value network for trustworthy data. REI Network was initially designed to solve the collective dilemma faced by existing public chains and provide solutions for their transformation and the new paradigm of Cross-Chain Interaction. It is a lightweight and free application-level new public chain that is compatible with Ethereum Virtual Machine (EVM), and is particularly suitable for enterprise and developer use. 12.
REI Network was launched in December 2021 as an upgraded version of GXChain. This upgrade aims to enhance the development trend of blockchain and meet the growing needs of Decentralized Finance (DeFi). REI Network adopts the Delegated Proof of Stake (DPoS) and Byzantine fault tolerance (BFT) mechanisms to ensure the scalability and security of the network 23.
The maximum supply of REI coins is not specified, with a total supply of 1 billion and a circulating supply of 950 million. As the native token of the REI Network, REI coins are primarily used for Money Laundering, incentivizing node participation, and governing platform development23. The goal of the REI Network is to provide a high-performance, low-cost, secure, and reliable blockchain platform for businesses and developers, supporting the development and deployment of distributed applications, smart contracts, and digital assets2.
The operation mechanism of the REI Network includes full Decentralization, transparency, and security. It is built on Blockchain technology, with no central authority or central bank controlling its issuance and transactions, ensuring the transparency and security of transactions. In addition, the REI Network is also committed to simplifying real estate investment and transactions, achieving real estate investment on a global scale through Blockchain technology, reducing Transaction Cost, and improving efficiency 14.