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REI Coin is the native cryptocurrency of the REI Network and is the key player driving business on the Rei Network. REI Coin allows you to perform all kinds of transactions on the REI Network, so it is kind of like the fuel of the network. Thanks to this coin, users can make transfers on the network, interact with smart contracts, and more.
REI Coin is used to reward network participants, especially the node operators who support and maintain the network. This functionality of REI helps the network operate in a healthy and secure manner. It also plays an important role in users' voting and staking transactions within REI Network's consensus mechanisms such as DPoS and BFT. In this way, it is ensured that the network remains both decentralized and secure.
One of the biggest features of REI Network is low resource consumption and no transaction fees. This advantage of the network allows users to make transactions with REI Coin on the network at almost no cost, which is a great advantage especially for DeFi projects.
Finally, REI Coin can be used as a means of value transfer in DeFi applications and other projects on the network. This, along with the expansion of the REI Network's ecosystem, increases the usage areas and therefore the value of REI Coin.