9 Minute Review - REI Network
In three small sections, this article overviews $REI Network and aims to enlighten the reader on all basic aspects of this token, and other more complex bits as well.
This article is not AI-Generated nor has received any help from any sort of AI tool. Your time is valued, dear reader. Thus, real time and work have been put into each word contained in this piece, made word-by-word by a human, just like you.
Let's begin ☘️
📑Introduction and 📓 About REI Project
REI is the shortened form of "Rapid, Economical, Innovative" and these aspects refer to the main goals and purposes of the REI Network⁷. REI is an upgraded version of GXChain³.
This project is an Ecosystem, much like Solana, Ethereum, and more recently, SAGA Protocol¹,²,⁷. The REIcosystem consists of many already available tokens, some shown below².
Tokens in this Ecosystem include DeFi, NFT, and GameFi projects².
REI is thus a blockchain, with the characteristics of being Ethereum Virtual Machine (EVM) compatible, high speed, and low cost. EVM Compatible means Ethereum developers can migrate to REI network without facing many complications², which is something to be excited about for the developers.
REI is a Blockchain. As with any blockchain, it possesses intrinsic features and goals. These are summarized below.
Free: Free computing resources generated by staking.Cross-chaining: Built-in cross-chaining bridge for easy cross-chaining with homogeneous heterogeneous chains.Lightweight: Built on lightweight code from open source projects such as LibP2P, EVM, Express, GRPC, etc. for fast cross-platform installation and use.Efficient: Low power consumption and second block confirmation.Compatible: Compatible with EVM and Ethereum RPC, seamless migration of Ethereum applications.Dynamic: Built-in governance module with dynamically adjustable on-chain parameters.Soft fork: System contracts can be upgraded through governance.Chain building: Simple configuration to implement your own EVM-compatible blockchain with pluggable modules for different consensus mechanisms, governance modules, and built-in cross-chain functionality.
💹 Tokenomics
The Native Token of this Ecosystem is our well-known REI¹. With the information in this section, an educated guess as to the future price of REI can be developed.
📌Total supply i.e. Max Market Cap: 1 Billion REI Tokens⁴,⁵.
🔄Circulating Supply: 0.95 Billion REI Tokens⁴.⁵.
🪫All Time Minimum: US$ 0,01916 (About 3x less than current value)⁵.
🔋All Time Maximum: US$ 0,3546 (About 4.6x more than current value)⁵.
⏳Release Date (For circulation, on Coingecko)⁵: April 25th, 2022.
💰Rich List⁶
Since REI is its own ecosystem, REIScan has been used to fetch the richest wallets using the REI token as a parameter.
🥇The address with the most of REI's Circulating Cap has about 41% of all REI.
🥈The second richest REI address possesses 11.4% of all available REI.
🥉Finally, the third possesses about 7.5% of all REI.
This way, the richest addresses contain about 60% of all REI, which is a huge red flag. Token hoarders often will lead to low prices and low market liquidity. All these wallets are random wallet addresses.
💬Communication⁴
Available on CoinMarketCap, REI Network has Telegram, Discord, and X as hyperlinks. The last X post has been 2 days ago, considering this section was written on April 14th.
⚖️ Current Market and 🔮Expections
💥 Halving Approaches.
REI, like many other tokens, will have its value severely damaged by BTC crashing down. Thus, it's a general recommendation not to buy everything right now, but to buy a fraction of what you're determined to invest.
✅ This project is worth investing.
A Second Project: It's a serious project, rebranded from another project. Thus, the developers had time and experience to create REI avoiding the mistakes previously commited on GXChain.
Has an Use: Since this is an Ecosystem, home to many other tokens, that offers much to Token Developers. Besides, offers to investors staking, governance and System Contracts¹.
⚠️Has some Red Flags
Token Hoarding: Rich list comprises about 60% of all available REI, directly affecting token liquidity as these accounts will keep holding, not allowing the token to flow and draw attention.
Extensive Market Cap: Has an 1 Billion max cap, that even though is not the end-of-the-world, impairs the max value this token can reach.
Finally, may I remind you that Solana, four years ago, had its Native Token SOL worth $0.5 while most laughed at it. SOL is now worth more than $100.
Solana is better than Rei Network in many aspects, but Rei is still an ecosystem just like Solana, with a similar potential.
SOL's Market Cap is maxed at about 570 Million tokens⁸. This is about half of REI. In this way, well, at least the $1 barrier REI is going to breach, and once it does, it's already more than 10x value for those who invest here right now, as the price is currently around $0.07.
Personally, this project has the $100 potential, with the only huge hindrance being the hoarder problem. Still, it's worth to invest.
Thank you so much for your time!
~ Green ☘️
🏆 Review my Coin
Feel free to suggest coin reviews in this comment section. Most liked comments have priority on the next review.
🪙 Enjoyed this article?
This piece took some hours to put together. Articles like this don't get near the same visibility as quick-to-make posts. Bots who repost content often get most of the views and revenue from tipping in Binance Square.
Change that. Support original, REAL, hard-worked, and not reposted content on Binance Square with a small tip. If you've got a bit to spare, $1 is already a slap to the face of those bots and motivates me to continue bringing well-researched content. Make the difference, make Square a better place 🍀
If you don't have much to spare, consider a Like, Quote🔃 and Share.
🎯Tip Goal for this Article: $10
📝 References
1. REI Network (REI) - Binance Research
2. REI Official Website - "The REICosystem"
3. REI Documentation (available on docs.rei.network)
4. CoinMarketCap - "REI Network"
5. CoinGecko - "REI Network"
6. REIScan (available on scan.rei.network/accounts)
7. Medium.com - "REI Network"
8. CoinMarketCap - "SOL"
📝 Image Appendix
A. https://medium.com/gxchain-project/live-ama-with-lasmeta-uquid-dapp-listed-rei-network-on-its-dapp-center-6cc8095fde5e
B. https://www.rei.network/reiuse
C. https://www.coingecko.com/en/coins/rei-network
This article is not AI-Generated nor has received any help from any sort of AI tool. Your time is valued, dear reader. Thus, real time and work have been put into each word contained in this piece, made word-by-word by a human, just like you.
Let's begin ☘️
📑Introduction and 📓 About REI Project
REI is the shortened form of "Rapid, Economical, Innovative" and these aspects refer to the main goals and purposes of the REI Network⁷. REI is an upgraded version of GXChain³.
This project is an Ecosystem, much like Solana, Ethereum, and more recently, SAGA Protocol¹,²,⁷. The REIcosystem consists of many already available tokens, some shown below².
Tokens in this Ecosystem include DeFi, NFT, and GameFi projects².
REI is thus a blockchain, with the characteristics of being Ethereum Virtual Machine (EVM) compatible, high speed, and low cost. EVM Compatible means Ethereum developers can migrate to REI network without facing many complications², which is something to be excited about for the developers.
REI is a Blockchain. As with any blockchain, it possesses intrinsic features and goals. These are summarized below.
Free: Free computing resources generated by staking.Cross-chaining: Built-in cross-chaining bridge for easy cross-chaining with homogeneous heterogeneous chains.Lightweight: Built on lightweight code from open source projects such as LibP2P, EVM, Express, GRPC, etc. for fast cross-platform installation and use.Efficient: Low power consumption and second block confirmation.Compatible: Compatible with EVM and Ethereum RPC, seamless migration of Ethereum applications.Dynamic: Built-in governance module with dynamically adjustable on-chain parameters.Soft fork: System contracts can be upgraded through governance.Chain building: Simple configuration to implement your own EVM-compatible blockchain with pluggable modules for different consensus mechanisms, governance modules, and built-in cross-chain functionality.
💹 Tokenomics
The Native Token of this Ecosystem is our well-known REI¹. With the information in this section, an educated guess as to the future price of REI can be developed.
📌Total supply i.e. Max Market Cap: 1 Billion REI Tokens⁴,⁵.
🔄Circulating Supply: 0.95 Billion REI Tokens⁴.⁵.
🪫All Time Minimum: US$ 0,01916 (About 3x less than current value)⁵.
🔋All Time Maximum: US$ 0,3546 (About 4.6x more than current value)⁵.
⏳Release Date (For circulation, on Coingecko)⁵: April 25th, 2022.
💰Rich List⁶
Since REI is its own ecosystem, REIScan has been used to fetch the richest wallets using the REI token as a parameter.
🥇The address with the most of REI's Circulating Cap has about 41% of all REI.
🥈The second richest REI address possesses 11.4% of all available REI.
🥉Finally, the third possesses about 7.5% of all REI.
This way, the richest addresses contain about 60% of all REI, which is a huge red flag. Token hoarders often will lead to low prices and low market liquidity. All these wallets are random wallet addresses.
💬Communication⁴
Available on CoinMarketCap, REI Network has Telegram, Discord, and X as hyperlinks. The last X post has been 2 days ago, considering this section was written on April 14th.
⚖️ Current Market and 🔮Expections
💥 Halving Approaches.
REI, like many other tokens, will have its value severely damaged by BTC crashing down. Thus, it's a general recommendation not to buy everything right now, but to buy a fraction of what you're determined to invest.
✅ This project is worth investing.
A Second Project: It's a serious project, rebranded from another project. Thus, the developers had time and experience to create REI avoiding the mistakes previously commited on GXChain.
Has an Use: Since this is an Ecosystem, home to many other tokens, that offers much to Token Developers. Besides, offers to investors staking, governance and System Contracts¹.
⚠️Has some Red Flags
Token Hoarding: Rich list comprises about 60% of all available REI, directly affecting token liquidity as these accounts will keep holding, not allowing the token to flow and draw attention.
Extensive Market Cap: Has an 1 Billion max cap, that even though is not the end-of-the-world, impairs the max value this token can reach.
Finally, may I remind you that Solana, four years ago, had its Native Token SOL worth $0.5 while most laughed at it. SOL is now worth more than $100.
Solana is better than Rei Network in many aspects, but Rei is still an ecosystem just like Solana, with a similar potential.
SOL's Market Cap is maxed at about 570 Million tokens⁸. This is about half of REI. In this way, well, at least the $1 barrier REI is going to breach, and once it does, it's already more than 10x value for those who invest here right now, as the price is currently around $0.07.
Personally, this project has the $100 potential, with the only huge hindrance being the hoarder problem. Still, it's worth to invest.
Thank you so much for your time!
~ Green ☘️
🏆 Review my Coin
Feel free to suggest coin reviews in this comment section. Most liked comments have priority on the next review.
🪙 Enjoyed this article?
This piece took some hours to put together. Articles like this don't get near the same visibility as quick-to-make posts. Bots who repost content often get most of the views and revenue from tipping in Binance Square.
Change that. Support original, REAL, hard-worked, and not reposted content on Binance Square with a small tip. If you've got a bit to spare, $1 is already a slap to the face of those bots and motivates me to continue bringing well-researched content. Make the difference, make Square a better place 🍀
If you don't have much to spare, consider a Like, Quote🔃 and Share.
🎯Tip Goal for this Article: $10
📝 References
1. REI Network (REI) - Binance Research
2. REI Official Website - "The REICosystem"
3. REI Documentation (available on docs.rei.network)
4. CoinMarketCap - "REI Network"
5. CoinGecko - "REI Network"
6. REIScan (available on scan.rei.network/accounts)
7. Medium.com - "REI Network"
8. CoinMarketCap - "SOL"
📝 Image Appendix
A. https://medium.com/gxchain-project/live-ama-with-lasmeta-uquid-dapp-listed-rei-network-on-its-dapp-center-6cc8095fde5e
B. https://www.rei.network/reiuse
C. https://www.coingecko.com/en/coins/rei-network
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