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If you fly low enough under the radar, you’d be amazed at what you may find…
In this article, we’re shining the light on the gasless blockchain known as the REI Network, formerly known as the GXChain.
What is the REI Network?
GXChain (now REI) was first developed in 2016 and in 2022 the network transitioned into the newly born REI Network which is a versatile blockchain designed to evolve with the limitless trends and narratives within blockchain technology.
With the stiff competition, what makes Rei a standout blockchain from the rest is the ability of the REI network to achieve free gas for users simply by staking $REI tokens and replacing on-chain resources! As we plunge into a crypto-fueled economy, gasless transactions will be highly appreciated, to say the least.
REI also understands that the future is interoperability, and isolating the network is simply a bad idea. Therefore, the REI network is EVM-compatible (Ethereum) and also acts as both a Layer 1 and Layer 2 network, providing one of the most scalable, secure and efficient networks for both users and developers.
Currently, REI only has just over 12K users and over 429K accumulated transactions. Nonetheless, it is still in discovery mode, and many have yet to uncover the potential behind this unique network. Although there may not be many users, there are many loyal users, most of whom are staking to enjoy the free gasless transactions!
REI Network Ecosystem
Explore a new and enticing ecosystem of over 28 DeFi, NFT and GameFi protocols all through REI, which can be enjoyed with free, gasless transactions. Even though this is a fresh and growing ecosystem, we are yet to see more development and integrations that could to REI to new levels.
Partnerships
In its long time of existence, the REI network has secured some serious partnerships ranging from leading CEXs such as Binance to leading audit companies like Certik. Many more could be on their way as REI strives to become the leading network of everything DeFi.
REI Network Token ($REI)
Powering the network is none other than the $REI token. $REI has several use cases behind it, however, it is primarily used to facilitate transactions, participate in governance and staking to secure the network and achieve gasless transactions.
Conclusion
According to CoinMarketCap, at the time of writing, $REI is trading at $0.056 with a small market cap of $53.79M and has risen over 125%% in the last year. At the end of Q1 2024, $REI achieved its ATH of over $0.35 and is currently down considerably due to market conditions. The future is gasless and whether or not REI is the future network of Web3 is to be discovered…
Official REI Network Links
Disclaimer
The content provided in this article is purely informational and nothing said is financial advice. Proceed with caution and always invest what you are prepared to lose. Remember that you are entirely responsible for your assets and investments and the author and the publication do not endorse any of the cryptocurrencies, protocols and/or strategies in this article.
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