According to BlockBeats, on August 4th, Linea, ConsenSys, and Nile partnered to launch Etherex, a decentralized exchange platform. The platform announced 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 vote for incentives in their preferred funding pools.