⚡ What Is REI Network? The Lightweight, No-Fee Blockchain You Need to Know
Once known as GXChain, the project has evolved into something smarter, faster, and more efficient — welcome to REI Network, a next-gen EVM-compatible blockchain designed for high performance with zero transaction fees.
Built with developers and users in mind, REI Network combines speed, affordability, and decentralization to deliver a blockchain ecosystem that’s light on resources but heavy on utility.
🔁 From GXChain to REI Network – A Smarter Rebrand
GXChain rebranded to REI Network with a clear vision:
Create a lightweight, developer-friendly blockchain that offers Ethereum Virtual Machine (EVM) compatibility, high throughput, and free transactions — something the Ethereum network has long struggled to provide.
In other words, REI aims to keep all the good stuff from Ethereum — like smart contracts and dApp deployment — but without the slow speeds and painful gas fees.
🪙 Meet $REI – The Native Token Powering the Network
$REI is the fuel that drives the REI Network — but it’s much more than just a utility token. Here’s what you can do with it:
🔹 Gas-Free Transactions
Forget sky-high gas fees. By staking REI, users gain access to free transactions on the network — making it one of the most cost-effective chains in the ecosystem.
🔹 On-Chain Governance
REI token holders are active participants in REI DAO, the decentralized autonomous organization behind the network. Vote on proposals, fund initiatives, and shape the future of REI.
🔹 Validator Staking
Want to secure the network and earn rewards? $REI can be used to become a validator, allowing nodes to participate in consensus and governance.
🔧 Key Infrastructure & Technology Behind REI Network
REI Network is more than just another EVM chain — it’s built on a solid foundation of optimized systems designed for performance and energy efficiency:
🧑⚖️ REI DAO
A community-driven governance system where proposals are submitted, voted on, and implemented — ensuring the project evolves with input from its users.
⚙️ DPoS + BFT Consensus
REI Network runs on a Delegated Proof-of-Stake (DPoS) model combined with Byzantine Fault Tolerance (BFT) — resulting in faster transactions, lower energy usage, and greater security.
📦 System Contracts
A core set of smart contracts baked into the chain that handle essential functions like:
Staking
Resource allocation
Inter-Blockchain Communication (IBC)
And more
This modular architecture allows developers to build powerful apps without needing to reinvent basic infrastructure.
📊 Tokenomics Snapshot
As of June 28, 2022:
Total Supply: 1,000,000,000 REI
Circulating Supply: 950,000,000 REI (95%)
This high circulation rate ensures liquidity and accessibility, while staking mechanisms encourage long-term network participation.
🚀 Why REI Network Stands Out
Zero Fees – thanks to staking-based resource allocation
EVM-Compatible – build with familiar tools and migrate dApps easily
Efficient Consensus – eco-friendly and fast thanks to DPoS+BFT
Decentralized Governance – REI DAO lets users shape the future
Whether you're a developer looking for a gas-free platform or a user wanting smoother DeFi access, REI Network delivers a flexible, fast, and forward-thinking blockchain experience.