A little-known altcoin has doubled up over the last 24 hours amid new partnerships and perpetual contract listings.
New information reveals that data exchange digital asset REI Network (REI) – which aims to be a feeless Web3 protocol – is trading for $0.280 at time of writing, an increase of about 103% during the last day.
The crypto’s rise in price coincides with its announcement of numerous collaborations with other crypto and tech firms, such as OpenTaskAI, an artificial intelligence (AI)-focused global marketplace that connects businesses and freelancers.
“[REI Network] aims to achieve a lightweight, EVM (Ethereum Virtual Machine) compatible, higher performance, and no fee blockchain framework. This collaboration connects our AI talents with their enterprises, leading AI + Web3’s future!”
Furthermore, REI Network says it’s also forming a partnership with the OpenName Project, an omnichain naming service that will simplify how Web3 domain names are registered and managed over REI.
“We’re excited to announce OpenName Project, a leading Omni-chain Name Service, has now teamed up with the REI Network. This partnership marks a significant step forward in simplifying the registration and management of Web3 domain names on the REI Network.”
Lastly, crypto exchange Gate.io – currently the seventh-ranked platform in terms of 24-hour normalized volume – has announced that it has added REI/USDT perpetual contracts to its list of products.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
This news is republished from another source.
