REIDAOProposal#4HasPassed,RetroactiveAirdropRewardsHaveBeenDistributed

Progress Report Nov 7-Nov 15

Key points:

• Rewards of 10,000 $REI retroactive airdrop have been distributed
• REI DAO Proposal #4: “#About Snapshot Voting Weight Adjustment” has passed

A. Product Development Progress

REI-Network:

- Hardfork testnet second-round testing @in progress

- Optimize block growth @testing

REI-DAO:

- Support custom IPFS Gateway@100%

- Added asset position ranking @100%

GXC-Convert:

- Exchange processed: 738 transactions

- Total: 68,317,011.83641 (91.09% of circulating supply)

B. Operational Progress

• REI DAO Proposal #4: “#About Snapshot Voting Weight Adjustment” has successfully passed! In total 28M $REI was voted to support the proposal! Details: https://snapshot.org/#/rei-network.eth/proposal/0x88c3ac898d6deb9bbedb2df34eb782d4096698de60608f72e99367219e25dd83. Thanks for the support from the community.
• On Nov 11, The rewards of retroactive $REI airdrop have been distributed to the eligible addresses. Eligibility: Addresses have voted for REI DAO Governance Proposal ≥ Twice. Reward: 10,000 $REI to be equally shared. https://twitter.com/GXChainGlobal/status/1588425427890032640.
• REI Network Korea Community Pepero Day Giveaway is running! Rules: Follow @REI_korea & RT. Join the Kakao Talk: http://open.kakao.com/o/gghzljsb (Password: gxchain). Fill out the form https://forms.gle/kUBUiUK5gREc8Kvg7. Duration: 2022.11.11 17:00 (KST) ~ 2022.11.21 17:00 (KST). Details: https://blog.naver.com/gxb-korea/222925931734.
• REI DAO is a decentralized governance community whose goal is to support the development of REI Network and help its governance model be more decentralized and transparent. Here explains how REI DAO achieves decentralization and community governance: https://medium.com/@GXS/rei-dao-explained-the-significance-of-decentralized-governance-a0ebb3399267.

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:

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REI DAO Proposal #4 Has Passed, Retroactive Airdrop Rewards Have Been Distributed was originally published in REI Network Project on Medium, where people are continuing the conversation by highlighting and responding to this story.