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

Initial Coin Offering (ICO):
- Date: December 12-26, 2017
- Price per REI: $0.05
- Total funds raised: $1.7 million
Presale:
- Date: August 8-14, 2017
- Price per REI: $0.03
- Total funds raised: $1.2 million
Seed funding:
- Date: April 2017
- Total funds raised: $0.5 million

Circulation of REI Coins

Total supply: 1,000,000,000 REI
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
Circulating supply (as of August 2023): Approximately 600,000,000 REI
Trading volume (24-hour average): Varies, typically around $1-5 million
Exchanges where REI is traded: Binance, KuCoin, OKX, MEXC Global
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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