Progress Report June 14-June 21

Key points:

• FreeStake module development was completed
• Snapshot sync and light node development were completed

A. Product Development Progress

REI-Network:

- Snapshot sync and light node @to be released

- FreeStake @to be released

- REI-Core performance improvement @ in progress

REI-DAO:

- Cross-chain bridge governance module index contract development @in progress

- Cross-chain bridge governance module index service development @In progress

- UI development of cross-chain bridge governance module @in progress

GXC-Convert:

- Exchanges processed: 586 transactions

- Total: 66,498,505.02870 (88.66% of circulation)

B. Operational Progress

• Good news for you! REI Network AMA with Theia, the ultimate deflationary P2E game airdrop winner list has been announced! Winner List: https://bit.ly/3zQw7eg. Please don’t forget to join our channel: http://t.me/GXChain_international.
• On June 15, the Founder of FilDA, a lending and borrowing protocol was invited to our community and shared about the project and its upcoming plan. In case you missed it out, catch up with us in the full recap: https://link.medium.com/avK6x1lEVqb.

C. REI Network Ecosystem

• The TVL of NAVA Finance, an algorithmic stablecoin project on REI Network, broke $400,000 last week. And on June 15, the NFT airdrop for LP users was started. All REI/NAVA LP providers can get a BYEBEAR NFT airdrop.
• Theia, the ultimate deflationary P2E game announced that it will start the first batch of time box sales on REI Network at 16:00 on June 14, UTC+8, with a total of 2,000 pieces. Theia is a Metaverse + GameFi project with the interstellar universe as the background, combining the gameplay of NFT, DeFi, and Video Game. Theia not only supports the purchase and auction of NFT magic boxes, free trading, and NFT synthesis, but also supports NFT burning, staking, and mining.

Join the GXChain 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 receive timely updates from the following official channels:

Twitter | Telegram | Medium |Github | Reddit | Website| Discord

FreeStake Module Development Was Completed, AMA Recap of FilDA x REI Network was originally published in REI Network Project on Medium, where people are continuing the conversation by highlighting and responding to this story.