Introduction to $REI
$REIis the native token of REI Network which secures the running of REI Network.
$REIhas 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:
$REIcan be used for REI DAO management,
$REIholders can commit proposals and vote for system level proposals on https://dao.rei.network
- Validator Pledge Token:
$REIcan be used as a pledge token for node who want's to become a validator of REI Network
- Stake for Free Gas:
$REIholders are able to stake
$Crude, which can be used instead of gas
- 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.