REI Network

REI Network is a blockchain platform designed to facilitate low-cost transactions with a unique staking model, catering to decentralized finance (DeFi), gaming (GameFi), and NFTs, ensuring rapid processing and efficient user engagement. Founded in 2016 in Hangzhou, China, REI Network offers a blockchain solution that enables efficient on-chain transactions. The company has successfully raised CNY 10. 000 mn in an ANGEL funding round in July 2018 from investors including ZhenFund.

The current company valuation stands at CNY 50. 000 mn. The founders, Andy Tu and Minqiang Huang, lead the company with Minqiang Huang serving as CEO. REI Network specializes in providing a blockchain platform that facilitates transactions with minimal fees, leveraging a unique staking and resource replacement model.

This innovative design allows users to engage in on-chain transactions with virtually no gas fees, which is a significant advantage for those operating in decentralized finance (DeFi), gaming (GameFi), and non-fungible tokens (NFTs). The platform boasts an impressive average block time of 3 seconds and can handle transaction speeds exceeding 3,000 transactions per second (TPS), ensuring a rapid user experience without compromising decentralization. REI Network serves a global customer base, including developers and enterprises looking to build decentralized applications (DApps) and participate in community governance through the REI DAO. Target markets include regions with a strong interest in cryptocurrency and blockchain technology, as evidenced by the community’s multilingual support, catering to over 13 languages.

Revenue generation for REI Network is primarily driven by transaction activities conducted on its platform, where users can stake REI tokens, participate in governance, and earn rewards. Users engaging in the ecosystem benefit from the free gas model while conducting transactions, which enhances user retention and encourages active participation. Transaction structures include direct interactions with end users, such as developers and enterprises that utilize the platform for building and deploying DApps. Furthermore, the network's commitment to community-driven governance and validator participation creates additional layers of engagement, involving users in decision-making processes that foster a robust ecosystem.

Although specific pricing plans for individual services are not disclosed, the focus on low-cost transactions and community rewards plays a pivotal role in the platform’s economic model. REI Network aims to enhance its platform by introducing new products designed for improved user engagement and functionality. The company is targeting expansion into additional markets across Asia and Europe by 2025, leveraging recent funding from its ANGEL round to support these initiatives. The CNY 10.

000 mn raised will be allocated towards product development, marketing efforts, and increasing user adoption, enabling REI Network to strengthen its presence in the blockchain space.