Linea's on-chain DEX Etherex will launch its native token REX on August 6th.

BlockBeats News, August 4th, Linea, Consensys, and Nile announced the launch of the decentralized exchange platform Etherex, with its native token REX set to launch on August 6th.

Etherex is an upgrade of Nile Exchange, built on the Ramses v3 technology, and adopts the x33 tokenomics model. Its design goals include 100% native reward (REX) distribution to Liquidity Providers (LPs); 100% of the transaction fees go to xREX staking users. The native token REX will be distributed as a liquidity reward to LP users. Users can convert REX into xREX to vote for their preferred pools for incentives.