REI Network (REI)

Cross-Chain Infrastructure

REI Network allows listing and trading of cross-chain assets on its decentralized exchange (DEX), attracting liquidity through incentive programs.

Gasless Transactions

It supports gas-free on-chain payments by using an innovative staking and resource replacement mechanism, enabling users to complete transactions with almost zero fees.

High Performance and Speed

The network offers fast transactions with an average block time of 3 seconds and over 3000 transactions per second (TPS), providing a smooth and quick user experience.

Ethereum Compatibility

REI Network is compatible with Ethereum Virtual Machine (EVM) and Ethereum RPC, allowing easy migration and operation of decentralized applications (dApps) from Ethereum.

Decentralized Finance (DeFi), GameFi, and NFTs

The platform supports building and running DeFi projects, GameFi applications, and NFT marketplaces, making it versatile for various blockchain use cases.

Governance and Staking

REI tokens are used for network governance through the REI DAO, staking to earn rewards, and as a means to pay for transaction fees or obtain free gas alternatives.

Developer and Community Support

REI Network encourages developers to build dApps on its platform and has a global community supporting multiple languages and projects.

For more details, visit the official site: rei.network

Pros

• No Transaction Fees: REI Network offers almost zero transaction fees, making it cost-effective for users.
• High Performance: It supports fast transaction speeds with block times around 1.5 seconds.
• Ethereum Compatible: The network is compatible with Ethereum, allowing easy integration with existing Ethereum-based apps.
• Lightweight Blockchain: Designed to be lightweight, which helps reduce resource consumption.
• DAO Governance: Users can participate in decision-making by staking and voting, promoting community involvement.
• Cross-Chain Support: Enables listing of cross-chain assets and attracts liquidity through incentive programs.
• Gasless Use Cases: Partners with Web3 apps to enable gas-free payments, improving user experience.
• Ecosystem Growth: Supports DeFi, GameFi, and NFT integration, expanding its use cases.

Cons

• Market Volatility: Like most cryptocurrencies, REI Network’s price can be highly volatile.
• Lower Market Rank: It is ranked around #900 on CoinMarketCap, indicating a smaller market presence compared to top cryptocurrencies.
• Underperformance: Recent price performance has been below the average of similar smart contract platforms.
• Limited Exchange Listings: While available on several exchanges, it is not yet as widely listed as major tokens.
• Ongoing Development: The network is still expanding and improving, which may mean some features are in early stages.

For more details, visit the official site: rei.network

Founders

REI Network was founded by Mcqueen Huang, who is also the current CEO. He has a strong background in blockchain and has been involved in the crypto space since 2012, initiating several projects.

Leadership

Howard Lindzon is also mentioned as a founder figure and CEO involved in guiding the project, especially focusing on its comeback and strategic direction.

These two individuals are the key founders and leaders behind REI Network.

Investors in REI Network

• REI Network is supported by a variety of investors including professional real estate investors, entrepreneurs, and blockchain enthusiasts interested in real estate development and blockchain technology.
• Specific named investors or investment firms are not publicly detailed in available sources.
• The project has connections with a broad network of real estate professionals and investors who participate in its ecosystem.
• REI Network also benefits from community participation where users can stake tokens and vote to help secure the network, indirectly involving many token holders as stakeholders.

For more detailed or updated investor information, visiting the official REI Network website or their official communication channels is recommended.

Halal Status of REI Network

• Yes, REI Network is considered halal based on available Shariah compliance information.
• This is because its activities and revenue sources align with Islamic principles, avoiding impermissible income beyond acceptable limits.
• Some similar energy-related stocks like Ring Energy (REI) have been noted as halal with minor purification needed if any impermissible revenue exists, which suggests REI Network follows comparable standards.