Binance Staking Has Launched $REI Locked Staking, REI DAO Proposal #3 Has Passed

Progress Report August 9-August 16

Key points:

• Binance Staking has launched $REI Locked Staking
• REI DAO Proposal #3: “REI Network Foundation-supported Staking for Encouraging Validators” has successfully passed

A. Product Development Progress

REI-Network:

- debug_TraceTransaction performance improvement @in progress

- Added IPC module, introduced REPL to realize interactive node management command line @in progress

- EVM performance improvement @in progress

REI-DAO:

- Development of Dashboard module, adding various data dimensions of nodes and networks @100%

GXC-Convert:

- Exchanges processed: 692 transactions

- Total: 68,231,098.32269 (90.97% of circulation)

B. Operational Progress

• REI DAO Proposal #3: “REI Network Foundation-supported Staking for Encouraging Validators” has successfully passed! In total 19M $REI was voted to support the proposal! Details: https://snapshot.org/#/rei-network.eth/proposal/0xe4ff24334cbaf919155a848e219085524588c2b5c1814b61eb8416cdbb8112ad. Thanks for the support from the community.
• REI Network’s first NFT Giveaway exclusively available for voters on REI DAO Prop #3 on Quest3 has successfully ended. The rewards have been distributed. Details: https://app.quest3.xyz/quest/938.
• REI Network’s first Topic Campaign last Thursday has ended. Topic: What are the benefits of node election for REI Network? Participants have the chance to win a total of $105 Rewards.
• Binance Staking has launched $REI Locked Staking. Stake your $REI from 2022–08–12 at 12:00 (UTC) to earn multiple rewards. Promotion 1: Deposit & Stake $REI to Enjoy Up to 32.69% APR. Promotion 2: Buy & Stake REI to Share 350,000 $REI. Details: https://www.binance.com/en/support/announcement/5efe1dd1e6e7452282108ca3d77d8ded?ref=AZTKZ9XS&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial. Tutorial: https://medium.com/@zqh19960118/tutorial-deposit-stake-rei-to-earn-up-to-32-69-apr-on-binance-caf65d0539ce

C. Ecosystem

• REI Network has formed partnership with Chainplay. Chainplay is to democratize access to Blockchain Gaming data and provide users with valuable insights. Through this collab, we are working together towards community growth and more!

Join the REI Network Community

REI Network is an EVM-compatible public blockchain. As an Ethereum para chain, it owns the features of lightweight, free and dev-friendly. REI Network is to effectively solve the current high-cost and low-efficiency problems of public chains. Therefore, GXChain can achieve free, low-cost development, and rapid migration of applications, and can be shared and symbiotic with the EVM ecosystem, also supporting the development of Defi, GameFi, and NFT.

Users can access the REI token on:

Binance | Huobi Global| Upbit | Bithumb | Bittrex

If you are interested in participating in our community and receive timely updates from the following official channels:

Twitter | Telegram | Medium |Github | Reddit | Website| Discord

Progress Report August 9-August 16 was originally published in REI Network Project on Medium, where people are continuing the conversation by highlighting and responding to this story.