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Event ends: August 9, 16:00 UTC
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REI Network conducts airdrop
REI Network is conducting a Christmas airdrop of the ecosystem in collaboration with NerveNetwork, Orbler, and Nabox. The campaign offers a total prize pool of over 700 USDT in tokens and prizes. Please provide the text to be translated. Seventy winners and an additional 1,000 participants will receive rewards during this festive event.
Information about REI
REI Network, formerly known as GXChain, is a restructured blockchain compatible with EVM. With a focus on lightweight structure and optimal performance, it aims to provide free blockchain infrastructure while maintaining compatibility with the Ethereum Virtual Machine (EVM). Please provide the text to be translated. The REI Network operates on a Byzantine Fault Tolerance consensus algorithm and Delegated Proof of Stake (BFT DPoS), emphasizing efficiency and energy savings. The network includes system contracts — a set of internal contracts that ensure the execution of core functions such as staking, cross-chain communication (IBC), and resource allocation.
REI, the native token of the network, performs several important functions in the ecosystem. The token is used as a means of paying transaction fees, ensuring efficient transaction confirmation. REI holders have the opportunity to participate in the decision-making process of DAO REI, providing them with governance opportunities. Additionally, users who wish to validate transactions on the REI network can stake REI tokens to confirm their commitments as network validators.