REI Network (REI)

$0.051

+2.39%

Stay updated on REI Network (REI) with real-time charts and market insights from SLEX. Dive into the world of digital finance, learn cryptocurrency trading, and grasp the current state of the REI Token market.

REI Network (REI) Price Real Time-Data

The live price of REI Network (REI) is $0.051 with a 24-hour trading volume of $3.78M. Its 24-hour peak value is $0.053, and its 24-hour low is $0.05. The current circulating supply is 950M REI, leading to a fully diluted market capitalization of $49.04M. The REI Network (REI) to USD price is updated in real-time.

What is REI Network (REI)?

REI Network, introduced in December 2021, is an updated version of GXChain, aimed at adapting to evolving blockchain trends and the burgeoning decentralized finance (DeFi) sector. The network boasts a lightweight, Ethereum Virtual Machine (EVM)-compatible architecture, offering high performance at low costs. It serves as a developer-friendly platform for migrating and building DeFi projects.

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FAQ

Who are the founders of REI Network (REI)?

Mcqueen Huang is the visionary behind REI Network. With a background in blockchain entrepreneurship dating back to 2012, Huang has spearheaded various crypto projects. Before launching REI, he served as the Chief Technology Officer (CTO) for companies like Hakim Information Technology Co., Ltd. and Insigma Internet.

How many REI Network (REI) are there?

The REI Network has a circulating supply of 950 million tokens, out of a total supply of 1 billion REI tokens.

What are the potential use cases for REI Network (REI)?

REI Network enables diverse decentralized applications (DApps), including decentralized exchanges, lending platforms, GameFI, NFT marketplaces, and stablecoin projects. Its high throughput, with an average block production time of 3 seconds and over 3000 transactions per second (TPS), offers users a swift experience. Moreover, REI fosters ecosystem growth through initiatives like the $150 million REI growth fund and rewards for community participation in governance.

What is the history of REI Network (REI)?

Initially known as GXChain, the network embarked on a mission in 2017 to establish a trusted data value network. Its recent upgrade to REI Network signifies a broader scope and enhanced functionalities, including EVM compatibility, a slashing module, and a development-friendly environment. The transition involved a token conversion from GXC to REI at a ratio of 1:10, with a maximum supply of 1 billion REI tokens. The network anticipates playing a pivotal role across various usage scenarios in the future.