Odaily Planet Daily reports that Linea, Consensys, and Nile have partnered to launch the decentralized exchange Etherex, announcing the launch of its native token, REX, on August 6th. Etherex is an upgraded version of Nile Exchange, built on Ramses v 3 technology and utilizing the x33 token economic 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 to xREX to incentivize voting for their preferred funding pools.
Etherex issuance distribution plan: 25% is allocated to Linea/Consensys (80% of which are xREX tokens and 20% are liquidity REX tokens), 25% is allocated to veNILE migrants (100% are xREX tokens), 15% is used for liquidity pool (LP) treasury support, 5% is used for CEX listing and market makers, 5% is allocated to Linea ecosystem investment partners, and 25% is retained in the Etherex treasury.