Exchange REI Network (REI) at the Best Rates

REI Network: Rapid Economical Innovative Blockchain of the Future

Decentralized finance, a new financial paradigm that leverages distributed ledger technologies to offer services such as lending, investing, or exchanging crypto assets, has become exceptionally popular. One of the projects that aims to develop the field is REI Network, an upgraded version of GXChain launched in December 2021; the network changes were brought to improve the adaptability of blockchain development trends and booming DeFi. REI Network is a lightweight, EVM-compatible, high-performance, and gas-free public chain. Let’s take a closer look at the project and see how it can alter the face of decentralized finance.

REI Network: Overview

The REI network was founded by Mcqueen Huang with the idea of developing a high-performance blockchain that could adapt to the growing demands of the businesses. He is an entrepreneur with a strong background in blockchain and has been involved in crypto world fields since 2012 with experience initiating several projects. Before founding REI, Huang worked as the CTO of two companies, Hakim Information Technology Co., Ltd., and Insigma Internet.

The REI network uses Delegated Proof of Stake (DPoS) and Byzantine Fault Tolerance(BFT) mechanisms to ensure the scalability and security of the network. At least 21 validator nodes are needed in the network ecosystem for computation, storage, and operation. During the Super Node Election, the validators are chosen through voting. Official Validator nodes are the top 21 nodes in terms of votes. The REI network's slash mechanism penalizes validator nodes who break block-producing rules by taking away some of their staking privileges and designating them as ‘SLASHED’ in order to maintain network integrity.

The REI DAO, the decentralized governance community of REI, is an open and transparent governance model consisting of REI token holders, community members, and ecological stakeholders. Apart from governance, DAO is also involved in voting and approving new projects applying for REI network Grants.

REI Network Features

The project has a number of unique features that help it stand out among other DeFi companies: 

1. Compatible with EVM.
2. Compatible with Ethereum's RPC and Websocket interfaces, and can support GRPC in the future.
3. Rewrite the network module and use Libp2p instead of Devp2p (current Ethereum client solution).
4. Realize lower resource consumption through the design of tokenomics (gas-free).
5. Realize Systems contracts that can be soft-forked and upgraded. These contracts include Staking/Slashing, ResourceManager, and IBC contracts, etc.
6. Achieve a more efficient and more random consensus: DPoS+BFT, to ensure decentralization and be more green power.
7. Realize the abstract consensus module, so that the code of REI Network can be easily combined and become a chain-making tool.

REI Network: Partnerships

At its core, REI Network is designed to adapt effortlessly to the evolving blockchain space, boasting a developer-friendly, lightweight, high-performance, and zero-fee blockchain framework. Its EVM compatibility allows for seamless integration with a wide range of Ethereum-based applications and services. 

This compatibility forms the foundation for the collaboration with Pira Finance, as it opens up new possibilities for both platforms and their users. Pira Finance stands out as a #1 Native community-owned DEX built on Base. Its focus on inclusivity and empowerment aligns perfectly with REI Network’s vision of providing low-cost development, rapid application migration, and an ecosystem that knows no boundaries. 

Due to its EVM compatibility, REI Network may easily interact with other DeFi services as well as Pira Finance's decentralized exchange (Pira DEX). Because of this interoperability, members of the REI Network can access Pira Finance's DEX and investigate the many financial options that Pira Finance provides.

Another partner for REI Network is AlphaGPT, a disruptive innovation technology company that utilizes advanced artificial intelligence to create a secure and regulated cryptocurrency incremental environment. Together, REI Network and AlphaGPT aim to redefine the way we perceive and engage with cryptocurrencies, trading, and the broader blockchain ecosystem. They can work together, providing enhanced trading strategies, smart contract utilization, data analysis and insights, and expanded trading opportunities, among other benefits. Additionally, in July 2023, Binance Simple Earn launched $REI Locked Products.

REI Coin: The Much-Needed Security

$REI is the native token of REI Network which secures the running of REI Network. REI token has the following applications:

1. Gas fee: When you send a transaction on the REI Network, you can pay a small gas fee using $REI. This fee is a reward to the node for processing and verifying the transaction. 
2. Governance token: $REI can be used for REI DAO management, $REI holders can commit proposals and vote for system level proposals.
3. Validator pledge token: $REI can be used as a pledge token.
4. Voting token: $REI is the only voting token for node election.
5. Stake for free gas: $REI holders are able to stake $REI to own $Crude, which can be used instead of gas.

The responsibility of REI holders is primarily to ensure the stable and secure operation and ecological growth of the REI Network public chain by building governance processes and infrastructure that work, and to defend against proposals that do not support the core objectives of governance, which is in the core interest of REI holders.

REI holders need to openly communicate and express their views on the various issues being addressed by REI governance at any given time and seriously participate in the forum discussions; the content of the proposal and the logic behind it is one of the main criteria for measuring the quality of the proposal.

Where to Buy REI Crypto?

StealthEX is here to help you buy REI token. You can do this privately and without the need to sign up for the service. Our crypto collection has more than 1300 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

Just go to StealthEX and follow these easy steps:

1. Choose the pair and the amount you want to exchange — for instance, BTC to REI. 
2. Press the “Start exchange” button.
3. Provide the recipient address to transfer your crypto to.
4. Process the transaction.
5. Receive your crypto coins.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.