REI Network Partners With Infini Card

REI Network has announced the launch of a co-branded payment product with Infini Card, offering 200 digital and physical cards to existing on-chain stakers. The cards integrate with Apple Pay, Google Pay and other payment services, and will accrue a high annual percentage yield on held balances.

The project confirms that eligibility will be determined by an on-chain snapshot scheduled for 3 June.

Refer to the official tweet by REI:

REI Info

REI Network, previously known as GXChain, is a restructured EVM-compatible blockchain. With its focus on lightweight structure and optimal performance, it aspires to provide a no-fee blockchain infrastructure, while retaining compatibility with the Ethereum Virtual Machine (EVM).

The operational foundation of REI Network is built on a DPoS+BFT consensus algorithm, which accentuates efficiency and energy conservation. The network comprises System Contracts, a suite of intrinsic contracts that facilitate essential functionalities such as staking, inter-blockchain communication (IBC), and resource allocation.

REI, the proprietary token of the network, serves multiple crucial roles within the ecosystem. It is a medium for transaction gas fees, enabling smooth transaction verification. REI also empowers its holders with governance capabilities, allowing them to actively participate in REI DAO’s decision-making process. Additionally, individuals aiming to validate transactions within the REI Network can stake REI tokens to pledge their commitment as network validators.