Progress Report Aug 8-Aug 15

Key points:

• Gearing up for the REI DAO Hard Fork at block height of 15084585
• $REI has been listed on StealthEX — the custody-free, cross-chain friendly cryptocurrency exchange
• REI Network Educate: Slash Mechanism Optimization Makes for REI Network Stability
• Strategic partnership with NASDEX, Meta2150s, and Spex

A. Product Development Progress

REI-CORE

-Release evm-binding package @80%

-Release rei-network 3.0.1 version @80%

-Modify the Release version code and test the new package @50%

-REI verifies the release: the operation of the snapshot/full node program @50%

REI-DAO

-Increase block height of rei-dao hard fork @100%

-Cooperate with the validator upgrade @50%

B. Operational Progress

• Gearing up for the REI DAO Hard Fork at block height of 15084585 (around 02:00, Sep.11 UTC)! 3 sections: 1. BLS Signature Aggregation 2. Validator Double Signature Penalty Logic Optimization 3. Community On-chain Parameter Governance Mechanism Optimization. Details: https://twitter.com/GXChainGlobal/status/1689826510235217920.
• REI Network Educate: Slash Mechanism Optimization Makes for REI Network Stability. Our Slash mechanism, in place since 2021, has evolved in response to community needs. Another adjustment will be made to balance security while accommodating legitimate errors to address double signing — a potential threat in the upcoming hard fork. Read more: https://medium.com/@GXS/slash-mechanism-optimization-makes-for-rei-network-stability-7b0e79076777.
• Glad to announce $REI has been listed on StealthEX- a custody-free, cross-chain friendly cryptocurrency exchange with 1200+ assets listed. Exchange and buy $REI on: httstealthex.io.

C. Ecosystem

• Meet our new ecosystem partner Spex -the Decentralized Storage Provider Exchange on FVM, providing the first-ever marketplace for SPs to trade, finance, bid, and interact. REI Network will ensure data integrity and availability while benefiting from Spex’s robust storage network! Details: https://twitter.com/GXChainGlobal/status/1689206467352735745.
• We are thrilled to announce our strategic partnership with NASDEX. With NASDEX, it would be easier for users on the REI Network to access and trade tokenized real-world assets. Our shared vision of empowering investors to capitalize on borderless investment opportunities and shape the future of finance unites us. Details: https://twitter.com/GXChainGlobal/status/1689184746956570624.
• Meet our new partner — Meta2150s, Multi-chain GameFi Aggregator & Launchpad for Guilds and Gamers. Stay tuned for our future collaboration! Details: https://twitter.com/Meta2150s/status/1688423030152966144

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, REI Network 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 receiving timely updates from the following official channels:

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

Gearing up for the REI DAO Hard Fork, StealthEX Listed $REI was originally published in REI Network Project on Medium, where people are continuing the conversation by highlighting and responding to this story.