REI Network is a decentralized public blockchain framework designed to be lightweight, Ethereum-compatible, and high-performance. Its primary goal is to provide a free economic model with fast transactions and low fees, making it an attractive platform for decentralized applications (DApps).
REI Network operates on a combination of Delegated Proof of Stake (DPoS) and Byzantine Fault Tolerance (BFT) consensus mechanisms, ensuring fast transaction confirmations while maintaining decentralization and security. It achieves free gas through an innovative staking and resource replacement mechanism, allowing users to complete on-chain transactions with almost zero fees. Additionally, REI Network supports Ethereum Virtual Machine (EVM) compatibility, enabling seamless migration and development of decentralized applications (dApps).
REI Network supports a wide range of applications across various sectors, including:
REI Network originated from GXChain, which was launched in 2017 by Hangzhou Credit Data Technology Co. Significant upgrades were made to GXChain, leading to the development of GXChain 2.0. By the end of 2021, the network was rebranded to REI Network, focusing on key characteristics such as being Rapid, Economical, and Innovative. The rebranding included the launch of REI DAO for decentralized governance, EVM compatibility, and the introduction of the Free Economic Model, enhancing its capabilities and market presence.
The REI Network price is $0.13760764 AUD, representing a +4.96% from the day prior.
The best place to buy REI Network (REI) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell REI Network (REI) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
The trading volume of REI Network (REI) is $14.0M AUD in the last 24hrs, representing a +4.96% from the day prior.
REI Network (REI) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
The current market cap of REI Network (REI) is $132.4M AUD.
Yes - With Coinstash you can convert your REI Network (REI) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
The current circulating supply of REI Network (REI) is 973.9M.
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling REI Network (REI) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.