Question 1

What is REI Network (REI)?

Accepted Answer

REI Network is a public blockchain platform that evolved from GXChain. It offers solutions for decentralized data exchange and is designed to be lightweight, Ethereum-compatible, and high-performing. A key feature of the REI Network is its near-zero fee transaction system, achieved through an innovative design of staking and resource management. This system significantly reduces the cost of on-chain transactions, making them almost free for users. Additionally, the network supports a range of decentralized applications (Dapps) and focuses on low resource consumption through its unique tokenomics.

Question 2

What is REI Network (REI) used for?

Accepted Answer

The REI Network is utilized for several purposes:

1. **Staking and Voting:** Users can stake their REI tokens to participate in network governance. By voting for validators, they can earn rewards and contribute to the network's security.
2. **Dapp Development:** The platform supports the development and operation of decentralized applications (Dapps), with a focus on areas such as DeFi, GameFi, and NFTs.
3. **Free Gas Transactions:** One of the key features of the REI Network is its ability to offer almost zero-fee transactions. This is achieved through an innovative design where staked tokens are used to replace on-chain resources.
4. **Fast Transaction Processing:** The REI Network is engineered for speed, with an average block time of 3 seconds and a transaction per second (TPS) rate of over 3000. This ensures a quick and efficient user experience.

Question 3

Who created REI Network (REI)?

Accepted Answer

The REI Network was developed by the GXChain Foundation. It represents a comprehensive evolution of the GXChain ecosystem, focusing on improved stability, security, and technological advancement. The rebranding from GXChain to REI Network was part of a strategic move to adapt better to the evolving blockchain landscape and to position the network as a more modern and robust platform​​​.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	REI-KRW REI_KRW	bithumbkorea	-	2.97KRW	4.51%	147,280,050.19REI	4,745	2.84KRW	3.09KRW
2	REI-BTC BTC-REI	upbit	B	0.0₇2999BTC	0.00%	54,170.91REI	2	0.0₇2999BTC	0.0₇2999BTC
3	REI-USDT REI-USDT	bigone	-	0.0₃2110USDT	0.00%	0REI	0	0.0₃2110USDT	0.0₃2110USDT