REI DAO Proposal #5 Was Released, Partnership with MetaMirror and AME Chain

Progress Report Nov 22-Nov 29

Key points:

• REI DAO Proposal #5 — “Better POS” Hard Fork: Greatly Improved EVM Performance and Optimized On-chain Mechanism has been released
• Partnership with MetaMirror — an extended Web3 + paradigm where data value from Web2 is bridged onto Web3
• Partnership with AME Chain — the world’s first & only Quantum secured decentralized digital asset ledger that is EVM compatible with high performance and scalability

A. Product Development Progress

REI-CORE

- Hard Fork version preparation@100%

REI-SCAN

- UI upgrade, code security improvement, testnet has been upgraded, mainnet data migration @in progress

REI-DAO

- Voting Power column of the Voting Node List has added Voting Power Rate @100%

- Address Tag includes Huobi and Gate @100%

- REI Holder added the name displayof contract address name display @100%

- Assets module added ERC1155 @100%

B. Operational Progress

• REI DAO Proposal #5 has been released! “Better POS” Hard Fork: Greatly Improved EVM Performance and Optimized On-chain Mechanism. Voting duration: 5 days. Vote here: https://snapshot.org/#/rei-network.eth/proposal/0xd91fb08a0000580720d0f0f1370fa435197e6fc1a1210a03d2034a6c0cbc5fe5
• Potential security issues may occur due to unstable node status in the first phase of REI Network staking, for this reason, REI Network ushered in a major upgrade — “Better POS”. Here explains the performance exploration of the “Better POS” hard fork: https://medium.com/gxchain-project/better-pos-enhance-the-value-storage-of-token-through-rewards-and-penalties-system-38e06bbc3202
• AMA with Dani, the COO of REINetwork. The Hard Fork of REI Network — Better PoS! Rewards: 3500 $REI for 5 in the Tweet, 3500 $REI for 5 Qs during AMA. Rules: Follow & RT & Like & Tag 3 friends. Set a reminder, join & ask anything: http://t.me/GXChain_international

C. Ecosystem

• Glad to announce our newest partnership with MetaMirror. MetaMirror is an extended Web3 + paradigm where data value from Web2 is bridged onto Web3, as well as the emerging Metaverse. We will leverage each other’s strengths to build products that are both comprehensive and easy to use for global users!
• Thrilled to announce AME Chain has joined REINetwork as an ecosystem partner. AME Chain is the world’s first & only Quantum secured decentralized digital asset ledger that is EVM compatible with high performance and scalability. We looking forward to exploring more opportunities with them!

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, GXChain 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

REI DAO Proposal #5 Was Released, Partnership with MetaMirror and AME Chain was originally published in REI Network Project on Medium, where people are continuing the conversation by highlighting and responding to this story.