Introduction to $REI
Last updated
Last updated
$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
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.