July 19, 2022 - 3 min read
SupraOracles is excited to announce a partnership with REI Network, a decentralized feeless blockchain protocol that’s addressing the hard industry standards. REI Network is proposing a higher output and more economical protocol while bringing the same level of decentralization and security to their blockchain.
REI Network provides developers and users with a lightweight interface and near-zero transaction fees through a novel way of leveraging staking and replacing on-chain resources. Furthermore, its EVM compatibility builds on top of the network’s capability to support GameFi, DeFi, or NFT applications while providing low-development costs.
REI Network is the modern blockchain addressing most of the industry’s shortcomings. As such, SupraOracles will provide REI Network with new capabilities to assist DeFi developers in creating reliable solutions without boundaries.
SupraOracles’s decentralized oracle solution will enable new REI Network dApps to access accurate price fees, enriching the end user’s user experience. Furthermore, by interlinking off-chain data with on-chain usability, REI Network can unlock new potential for its platform and onboard a new user group seeking higher-performing DeFi applications.
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“DeFi is a financial enabler for millions of people, and only economical and innovative blockchains will be the builders of the new generation of DeFi applications. We’re looking forward to joining REI Network in their pursuit of building a next-generation blockchain.”
SupraOracles aims to bridge the gap between traditional capital markets and the web3. Our primary goal is to deliver a new Oracle toolset to the developer community, allowing them to quickly build, deploy, and manage data applications with greater performance, robustness, and agility.
Our team comprises experts in consensus mechanism design, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, Ph.D. academics, big 4 consulting, blockchain/DLT, and DeFi.
SupraOracles wants to address the Oracle issue and eventually power the future of finance in partnership with our developer community and an expanding number of partners.
REI Network（GXChain2.0) 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, REI Network 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.
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