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The Linea on-chain DEX Etherex will launch its native token REX on August 6.
According to ChainCatcher news, the decentralized trading platform Etherex, launched in collaboration with Linea, Consensys, and Nile, announced that it will launch its native Token REX on August 6. Etherex is an upgraded version of Nile Exchange, built on Ramses v3 technology, and adopts the x33 Token economic model. Its design goals include 100% native incentive (REX) distribution to liquidity providers (LPs); 100% of trading fees belong to xREX voting users. The native Token REX will be distributed as liquidity rewards to LP users. Users can convert REX into xREX to incentive vote on their preferred liquidity pools.