$REI I have only seen this market condition in 2017 and 2020, when the market situation was roughly similar to now, along with the concept of Bitcoin draining. As time went on, that idea gradually faded, and it basically followed the fluctuations of Bitcoin. So now, seeing Bitcoin draining while all the other coins remain still, I don't feel much about it; I'm just waiting. I have a premonition that Rei is preparing something big, it's not that it won't explode, the time just hasn't come yet, first following the main force to show some intent. In the past few days, even the ETH, which has been criticized by many, has rallied. As long as BTC stabilizes for a while without draining, the altcoins' party will begin. How could there be no altcoin season? The gambling nature is there, and behind every altcoin on the BN, there's an anxious investor. I hope family members join the Rei defense team.
#Rei REI Network uses its own cryptocurrency REI coin as the transaction unit. REI coin is a decentralized digital currency based on blockchain technology. It is nicknamed "Bitcoin 2.0" because it has features such as smart contracts. The total issuance of REI coins is 1 billion.
#Rei #山寨季何时到来? The rapid development of the Ethereum chain ecosystem, Ethereum's low TPS and high handling fees have seriously affected its transaction speed, which is not very convenient for ordinary users. Therefore, smart contract networks that focus on reducing transaction costs and increasing network transaction speeds continue to emerge, and have also attracted a large part of the traffic from Ethereum to other networks. REI Network (REI) is a network with a PoS consensus mechanism that can achieve efficient on-chain transactions and is compatible with the Ethereum virtual machine, which means that as long as it is on a chain compatible with EVM, DAPP can be easily bridged to REI Network. The value of these public chains is also far underestimated. Almost no one believes that with such a huge ecosystem and such a low value, it will definitely achieve a hundredfold increase in one year and give believers a heavy reward. For REI Network, hold on to faith and have more understanding.
$REI is the native token of REI Network and is used for the operation of REI Network. $REI has the following uses:Gas Fee: When you send a transaction on REI Network, you can use $REI to pay a small amount of Gas fee, which is a reward for nodes processing and verifying transactions. Governance Token: $REI can be used for REI DAO management, and holders can submit proposals on $REI and vote for system-level proposals Staking Token: $REI can be used as a staked token for nodes that want to become validators of REI NetworkToken: $REI is the only voting token for node electionsFor Free Gas: $REI holders can pledge $REI to own $Crude, which can be used to replace gasREI Network is not a new project, but an upgraded version of GXChain. REI was developed to better adapt to the development trend of blockchain and realize a lightweight, Ethereum-compatible, higher-performance, free blockchain framework. The circulation of REI is 950.00M.
#Rei Technical highlights: 1. Compatible with EVM 2. Compatible with Ethereum's RPC and Websocket interfaces, and can support GRPC in the future 3. Rewrite the network module and use Libp2p instead of Devp2p (the current Ethereum client solution) because we believe that Libp2p has better standards and can achieve better versatility and scalability 4. A large amount of resource consumption (no gas) is achieved through the design of token economics 5. Implement system contracts that can be soft-forked and upgraded. These contracts include: Stake/Slashing, ResourceManager and IBC contracts, etc. 6. Achieve a more random consensus: DPoS+BFT, ensure decentralization, and be greener 7. Implement abstract thinking modules so that REI Network's code can be easily combined to become a chain-building tool
Why are you optimistic about REI? The first reason why I am very optimistic about REI is its high efficiency and scalability. The future development of blockchain must be oriented to more ordinary people. For "noble chains" like Ethereum that cost dozens of dollars, it is difficult for users to use them sustainably unless there is a super high value return as an enticement. As a scalable open source blockchain, REI Network has innovatively developed a free model, which will make it destined to become a powerful protocol.
The second reason is that REI Network is different from the new public chain. This is an upgrade of the public chain originated in 2017. It has been running for more than five years without any failure. The team's control over the public chain can be seen. The positioning is clear, catering to the development trend of Web3, and it has made a transformation at a critical moment, made the most important upgrades and innovations, and its sensitivity to the market is also very valuable.
The third reason is the functionality of REI Network. Free first, instant transactions second, users can complete transactions within one second, and experience the use experience of web2 on the infrastructure of web3. The transaction cost is almost negligible, and the use goal of web3 can be achieved without sacrificing security and decentralization. Another feature is that it is compatible with EVM, which can quickly attract developers and users and drive the network activity of REI Network. This is very important. The more active the network is, the higher the value of the token will be, which can further increase the network activity. This is a two-way mutually beneficial virtuous cycle.
#Rei The fourth reason is REI Network's 250 million REI incentive plan. Previously, REI Network announced a 250 million REI incentive plan. The market responded promptly, and REI rose tenfold in a single day. From previous cases, whether it is the layer2 network of Ethereum public chain - polygon, or the later fantom, AVAX, after announcing the incentive plan, the on-chain development activity, TVL, brand attention and the number of uses on the chain have soared, and all of this will further promote the price development of the native token. REI Network's incentive plan has just been launched, and the increase in token prices can be seen. The influence of this public chain can be seen from the market value comparison website. At present, the total market value of REI is still a big gap with some new public chains. It can be seen that when the ecological incentive is officially promoted and the ecology of the entire network flourishes, REI can bring rich returns to users on the chain, and the potential for token prices to rise.
#Rei The fifth reason is the profit potential of the native token REI (the potential to make money for the holder). You can contribute to the decentralized operation of REI Network and earn APY by staking REI tokens. From the official information, it can be seen that there is still a long period of time for GXChain to switch to REI Network, so the staking rewards that the first batch of users who participate in REI Network staking will definitely be very high. In addition, you can also get block rewards, handling fee income, and REI income from $crude extraction in the official free model by running a super node. The threshold for super nodes is 100,000 REI tokens. The staking model of super nodes will attract a large number of liquid tokens to lock. After the rapid development of the REI Network ecosystem, many DAPPs (gamefi or defi) need REI as a staking token or a "shovel" for liquidity mining K. The supply is reduced and the demand is increased, which will definitely raise the value of the token.
$REI REI "Built on Bitcoin" is a first-of-its-kind hybrid Layer-2 powered by Bitcoin and Ethereum. By combining the security, liquidity, fees, user base, and innovation of the two largest blockchain ecosystems, REI closes the gap between Bitcoin as a tool for mass adoption and Ethereum as a hub for innovation. This is achieved through REI's rollup ecosystem, which will use Bitcoin as security while giving users access to all the on- and off-ramps, dapps, stablecoins, NFTs, DeFi, and more enabled by Ethereum's EVM.
$REI don't compare a projects like REI Network with a projects called memecoin, REI Network is a sustainable project and we have a long-term usefulness, vision and mission.