REI Network Documents
  • REI Network
    • Welcome to REI Network
    • Why We build REI Network
    • Introduction to $REI
  • Developer
    • Quick Start
    • API Reference
    • Token Addresses
    • System Contracts
      • StakeManager
      • Fee
      • ContractFee
      • Router
      • AbstractToken
      • CommissionShare
      • FeeToken
      • FeePool
      • ValidatorRewardPool
      • FreeFee
      • UnstakePool
      • FreeFeeToken
      • Config
    • Guides
      • Using The Graph
        • Using The Graph on REI Network
        • Running a Graph Node on REI Network
      • Using Gnosis Safe
      • Exchange Integration
  • REI DAO
    • What is REI DAO?
      • Background
      • Management content of REI DAO
      • How the REI DAO is implemented?
      • How REI DAO works?
    • Governance
      • About Governance
      • Governance Process
      • Voting with Snapshot
      • FAQ
    • Guides
      • Dashboard
      • Become a Validator
      • Jail Mechanism
      • Slash Mechanism
      • Voting for a Validator
      • Stake for Free Gas
      • Using BLS
        • Check BLS
      • REI@3.0.X Upgrade Guide
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  • What is $REI?
  • What is the responsibility of the $REI holder?
  1. REI Network

Introduction to $REI

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Last updated 3 years ago

What is $REI?

$REI is the native token of REI Network which secures the running of REI Network. $REI has the following usages:

  • Gas Fee: When you send transaction on the REI Network , you can pay a small gas fee using $REI, This fee is a reward to the node for processing and verifying the transaction.

  • Governance Token: $REI can be used for REI DAO management, $REI holders can commit proposals and vote for system level proposals on

  • : $REI can be used as a pledge token for node who want's to become a validator of REI Network

  • : $REI is the only voting token for node election

  • : $REI holders are able to stake $REI to own $Crude, which can be used instead of gas

What is the responsibility of the $REI holder?

  • The responsibility of REI holders is primarily to ensure the stable and secure operation and ecological growth of the REI Network public chain by building governance processes and infrastructure that work, and to defend against proposals that do not support the core objectives of governance, which is in the core interest of REI holders.

  • REI holders need to openly communicate and express their views on the various issues being addressed by REI governance at any given time and seriously participate in the forum discussions; the content of the proposal and the logic behind it is one of the main criteria for measuring the quality of the proposal.

https://dao.rei.network
Validator Pledge Token
Voting token
Stake for Free Gas