PANews August 4 news, Linea, Consensys, and Nile have partnered to launch the decentralized exchange Etherex, which will release its native token REX on August 6. Etherex is an upgraded version of Nile Exchange, built on Ramses v3 technology, and adopts an x33 token economic model. Its design goals include 100% native incentives (REX) allocated to liquidity providers (LPs); 100% of transaction 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 vote for incentives on their preferred liquidity pools.

Etherex distribution plan: 25% allocated to Linea/Consensys (of which 80% is xREX token, and 20% is liquidity REX token), 25% allocated to veNILE migrants (100% as xREX token), 15% for liquidity pool (LP) treasury support, 5% for CEX listing and market makers, 5% allocated to Linea ecosystem investment partners, 25% retained in the Etherex treasury.