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How much REI do you have?
The development of REI coin can be traced back to 2017 when it was established as REI Network to build a value network for trusted data. Initially, REI Network was designed to solve the collective dilemma faced by current public chains and provide solutions for public chain transformation and Cross-Chain Interaction new paradigm. It is a lightweight and free application-level new public chain that is compatible with Ethereum Virtual Machine (EVM) and is particularly suitable for enterprises and developers to 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 demand for Decentralized Finance (DeFi). REI Network adopts the Delegated Proof of Stake (DPoS) and Byzantine fault tolerance (BFT) mechanisms to ensure network scalability and security. 23.
The maximum supply of REI coins is not specified, the total supply is 1 billion, and the circulating supply is 950 million. As the native Token of REI Network, REI coins are mainly used for paying Money Laundering, incentivizing Node participation, and governing platform development. The goal of REI Network is to provide a high-performance, low-cost, secure and reliable blockchain platform that supports the development and deployment of distributed applications, Smart Contracts, and digital assets.
The operation mechanism of the REI Network includes complete decentralization, transparency, and security. It is built on blockchain technology, without central institutions or central banks controlling its issuance and transactions, ensuring transparency and security of transactions. In addition, the REI Network is committed to simplifying real estate investment and transactions, realizing global real estate investment through blockchain technology, reducing transaction costs, and improving efficiency. 14