Linea, the Ethereum-based decentralized exchange (DEX) on the Ethereum blockchain, will launch its native token, REX, on August 6.

On August 4th, Linea, ConsenSys, and Nile partnered to launch the decentralized exchange Etherex, announcing the launch of its native token, REX, on August 6th.

Etherex, an upgraded version of Nile Exchange, is built on Ramses v3 technology and utilizes the x33 token economics model. Its design goals include allocating 100% of the native incentive (REX) to liquidity providers (LPs); and 100% of transaction fees to xREX voters. The native REX token will be distributed to LPs as liquidity rewards. Users can convert REX into xREX to incentivize voting for their preferred pools.