Linea on-chain DEX Etherex will launch its native token REX on August 6

ChainCatcher news reports that Etherex, a decentralized trading platform launched in collaboration with Linea, Consensys, and Nile, will introduce 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 a 100% native incentive (REX) allocation 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 incentivize voting for their preferred liquidity pools.