You can also read this news on BH NEWS: REI Network Offers Zero-Fee Transactions
REI Network was created to better align with the evolving trends of blockchain technology, providing a lightweight, Ethereum-compatible, highly efficient, and free blockchain framework.
The REI Network aims to solve the common issue of high transaction fees that users face when interacting with on-chain protocols. By utilizing innovative staking and exchange mechanisms, REI Network allows for almost zero-fee transactions on its platform. This approach is designed to foster a high-quality on-chain ecosystem, benefiting users, developers, and the REI Network itself.
As a fully decentralized governance public chain, REI Network allocates sufficient capital to its development team to enhance the REI ecosystem. The team assesses three core aspects for grant distribution: total value locked, project innovation, and chain activity. Originally known as GXChain since its founding in 2017, the project has rebranded to REI Network while maintaining compatibility with Ethereum Virtual Machine (EVM) and adding advanced features.
REI stands for Rapid, Economical, and Innovative, which are the pillars of the REI Network. This rebranding marks a significant evolution from GXC, aiming to provide a seamless and efficient blockchain experience. The network’s architecture allows Ethereum developers to easily transition to REI, promoting broader adoption and collaboration.
Buying REI Coin is straightforward via Binance, the largest cryptocurrency exchange by transaction volume. Users need to register on Binance, deposit fiat currency, and then trade it for BUSD, Ethereum (ETH), Binance Coin (BNB), or Tether (USDT) to purchase REI Coin. Additionally, users can place limit orders to buy REI at a desired price below market value.
In conclusion, REI Network represents a significant advancement in blockchain technology, offering a cost-effective and efficient platform for developers and users alike. With its decentralized approach and focus on innovative solutions, REI Network aims to create a robust ecosystem that fosters growth and collaboration.