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What is the issuance and circulation of REI coins?

During the ICO held from December 12th to 26th, 2017, the REI coin raised a total of $1.7 million with each REI priced at $0.05.

Oct 17, 2024 at 02:35 am

Issuance of REI Coins
  1. Initial Coin Offering (ICO):
    • Date: December 12-26, 2017
    • Price per REI: $0.05
    • Total funds raised: $1.7 million
  2. Presale:
    • Date: August 8-14, 2017
    • Price per REI: $0.03
    • Total funds raised: $1.2 million
  3. Seed funding:
    • Date: April 2017
    • Total funds raised: $0.5 million
Circulation of REI Coins
  1. Total supply: 1,000,000,000 REI
  2. Distribution of tokens:
    • 50% - Available for purchase during ICO and presale (held by the public)
    • 40% - Held by the founding team
    • 10% - Reserved for marketing, development, and partnerships
  3. Circulating supply (as of August 2023): Approximately 600,000,000 REI
  4. Trading volume (24-hour average): Varies, typically around $1-5 million
  5. Exchanges where REI is traded: Binance, KuCoin, OKX, MEXC Global
  6. Wallet support: REI can be stored in Ledger Nano, Trezor, Trust Wallet, MetaMask, and Atomic Wallet.
Additional Information

REI is an Ethereum-based cryptocurrency that powers the Real Estate Index (REI) platform, a blockchain-based real estate investment and trading platform. REI coins are used for various purposes within the REI ecosystem, including:

  • Purchasing and selling real estate assets
  • Paying transaction fees
  • Staking for rewards

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