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REI Coin is a cryptocurrency that has attracted attention recently and is the basic token that facilitates transactions on the REI Network. REI Network is a high-performance and fee-free blockchain platform with Ethereum compatibility. Originally a continuation of GXChain, REI Network aims to create a blockchain that can respond to the needs of the business world.
What is REI Network?
REI Network was developed to keep up with the development of blockchain technology and to provide a lighter, faster and lower-cost framework. This platform, which is fully compatible with Ethereum, offers significant advantages especially for DeFi projects. REI Network works in harmony with EVM (Ethereum Virtual Machine), allowing Ethereum-based projects and smart contracts to be easily ported to this network. It also integrates the WASM virtual machine, allowing developers to write smart contracts with mainstream programming languages.
The Role of REI Coin
REI Coin is the main token used for all transactions on the network and plays an important role in the execution of transfers and smart contracts. It is also used to reward network participants and incentivize node operators. Based on DPoS and BFT consensus mechanisms, users can vote by staking REI Coins on the network and contribute to maintaining the decentralized structure of the network.
REI Network Advantages
- Ethereum Compatibility: REI Network provides a wide developer community and ecosystem advantage, allowing Ethereum-based projects to seamlessly migrate.
- High Performance: The platform offers high transaction speed and efficiency, especially for DeFi projects.
- No Transaction Fees: REI Network allows users to transact on the network without transaction fees, which reduces costs and appeals to a wide range of users.
- Security and Decentralization: The security and decentralization of the network are maintained with DPoS and BFT mechanisms.
REI Coin’s Historical Performance
Highest Value: On March 28, 2024, REI Coin reached an all-time high of $0.3171.
Lowest Value: It was recorded at its lowest level of $0.0193 on November 10, 2022.
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REI Coin Supply
The circulating REI Coin supply is determined as 950 million and the total supply is determined as 1 billion. This means that REI Coin can potentially gain more value in the long term.
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