$REI @REI Network｜From #GXChain! Open Letter to the REI Network Team and CEO
As investors and supporters of REI Network, we feel obligated to raise concerns that are rapidly spreading within the community.
Currently, there is another token using the REI name, which is listed only on Uniswap, but it has already reached a market cap of $118 million and ranks #408 on CoinGecko.
In contrast, the actual REI Network, listed on major exchanges including Binance, has dropped to a market cap of only $17 million, ranking around #1286 on CoinGecko.
This situation raises a fundamental question:
How has REI Network lost this much value, and why has the team taken no concrete action to address it?
Many investors bought in at levels like $0.30, trusting the project roadmap, announced partnerships, and the team's vision. But instead, they've experienced relentless sell pressure, price suppression, and a lack of direction.
Even after being listed on Binance Futures, the price has never been allowed to break out of the downtrend. This behavior increasingly looks like manipulation, not natural market action.
So we ask the REI Network team and CEO on behalf of the community:
What caused such a steep decline, and why was nothing done to protect investors?
What steps are being taken to stabilize the price and rebuild trust?
When will the ongoing network issues on Upbit be resolved?
Who will step forward and provide a clear and honest public explanation?
The repeated statements like “we’re working hard” no longer reassure investors. The silence is damaging, and community trust is wearing thin.
Thousands of investors have suffered losses. We are calling for transparency, accountability, and real answers.
The community expects a clear, timely, and honest response.
Sincerely,
— REI Network Investors & Community Members
