About REI Network
REI Network (REI) is a cryptocurrency . REI Network has a current supply of 1,000,000,000 with 950,000,000 in circulation. The last known price of REI Network is 0.01692775 USD and is up 1.36 over the last 24 hours. It is currently trading on 68 active market(s) with $1,930,536.46 traded over the last 24 hours. More information can be found at
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Trading Insights
Searched
8
Market Stats
Market Cap
₹1.32B
FDV
₹1.39B
Circ. Supply
950M REI
Max Supply
Not enough data
Total Supply
1B REI
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
₹198.33M
18.05%
Volume (7D)
₹1.33B
Volume (30D)
₹6.35B
All time high
₹30.88
Price Change (1Y)
-71.81%
Additional details
Recent trends
The latest REI price is ₹1.39. Compared to REI Network's value of ₹1.41 from 24 hours ago, there's been a -2% decrease, while the current price is -8% down from ₹1.49 which was recorded one week ago. REI Network's all time high is ₹30.88, which was reached on March 29, 2024. This is a -96% change from its price today.
The market cap is currently ₹1.32B, which is a result of multiplying the current price of REI Network(₹1.39) by the total supply(1,000,000,000 REI). The fully diluted valuation of REI Network is ₹1.39B. The diluted valuation of REI Network is ₹1.39B.
Market details
REI vs markets
↘ 79.93%
REI vs BTC
↘ 82.59%
REI vs ETH
↘ 60.89%
Tags
layer-1
binance-listing
Network & Addresses
Network | Address |
|---|
Price history
Time | Price | Change |
|---|---|---|
Today | ₹1.39 | ↘ 1.58% |
1 Day | ₹1.41 | ↘ 1.58% |
1 Week | ₹1.49 | ↘ 7.54% |
1 Month | ₹1.71 | ↘ 19.57% |
1 Year | ₹4.78 | ↘ 71.81% |
FAQ
REI Network is a blockchain framework that strives to adapt to the evolving trends of the blockchain industry. It seeks to provide a lightweight, Ethereum-compatible platform with high performance and minimal transaction costs. The network is built on a unique design of tokenomics, which aims to lower resource consumption, providing a more user-friendly solution. REI Network also focuses on speed, with an average block time of 3 seconds and a transaction per second (TPS) rate of over 3000. This focus on speed aims to provide users a faster experience without compromising decentralization.
REI Network operates through a unique staking and replacement system for on-chain resources, which allows users to complete on-chain transactions with minimal costs. This system is designed to be efficient and economical, with no Proof of Work (PoW) but a green-based Delegated Proof of Stake (DPoS) + Byzantine Fault Tolerance (BFT) consensus mechanism. The network also features an abstract consensus module built into its cross-chain mechanism, which can be easily integrated to become a chain-making tool. Additionally, REI Network supports developers with resources and support to encourage ecosystem building.
REI Network supports a wide range of potential use cases, particularly in the areas of decentralized finance (DeFi), GameFi, and Non-Fungible Tokens (NFTs). The network's compatibility with the Ethereum Virtual Machine (EVM) and Ethereum infrastructure allows for seamless migration of Ethereum applications. Developers can build various decentralized applications (DApps) on REI Network, including decentralized exchanges, play-to-earn games, NFT marketplaces, non-custodial lending solutions, and next-generation stablecoins. The network also encourages community participation in governance and proposal submission through its Decentralized Autonomous Organization (DAO).
REI Network's history began with the release of the GXChain 2.0 developer preview version in the second quarter of 2021. The network underwent several upgrades and enhancements throughout the year, including the introduction of stacking and slashing modules for second-level block confirmation and the implementation of an economic model. In the fourth quarter of 2021, GXChain 2.0 was officially renamed REI Network, and the two networks were interconnected and cross-chained through GXC-Relay. The network's rebranding from GXChain to REI Network marked the singularity of its evolution, and it has since focused on ecosystem infrastructure construction, brand building, and the development of its stake-based economic model.
We update our REI Network to INR currency in real-time. Get the live price of REI Network on Coinbase.
The current market cap of REI Network is ₹1.32B. A high market cap implies that the asset is highly valued by the market.
The all-time high of REI Network is ₹30.88. This all-time high is highest price paid for REI Network since it was launched.
Over the last 24 hours, the trading volume of REI Network is ₹198.33M.
Assets that have a similar market cap to REI Network include Comtech Gold, Definitive, Artrade, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of REI Network is 950 million.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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