Linea-based DEX Etherex to Launch Native Token REX on August 6

According to ChainCatcher, Etherex, a decentralized trading platform jointly launched by Linea, Consensys, and Nile, has 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 adopting the x33 tokenomics model. Its design goals include allocating 100% of native incentives (REX) to liquidity providers (LPs), and ensuring that 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 to xREX to participate in incentive voting for their preferred liquidity pools.