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Hangzhou blockchain platform for low-cost transactions with a staking model, serving DeFi, GameFi and NFT projects.
Founded in 2016 in Hangzhou, China, REI Network is a blockchain platform for low-fee transactions, using a staking and resource replacement model. It serves developers and enterprises building DeFi, GameFi and NFT applications, with an average block time of 3 seconds and transaction speeds exceeding 3,000 TPS. In July 2018 the company raised CNY 10.000 mn in an Angel round from investors including ZhenFund, at a valuation of CNY 50.000 mn. Minqiang Huang is CEO, and the founders are Andy Tu and Minqiang Huang.
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