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DEX Reya Unveils 8 Billion Token Supply Ahead of CoinList Sale

CoinList will host Reya’s token sale starting Nov. 26 Beijing time, with half the allocation unlocked immediately and small investors prioritized.

Summary

CoinList announced that the sale of Reya tokens will commence on Nov. 26 Beijing time. Reya, a top-six perpetual decentralized exchange with $1–1.5 billion in daily trading volume, is supported by Framework Ventures, Coinbase Ventures, and Selini Capital, and is valued at $150 million. The sale will unlock 50% of purchased tokens immediately and prioritize small investors. Participants from the US and Canada are excluded from joining.

Terms & Concepts
  • DEX (Decentralized Exchange): A platform for cryptocurrency trading without relying on a central authority.
  • FDV (Fully Diluted Valuation): The total market value of a cryptocurrency if all possible tokens were in circulation.
  • Token Lock-up: A period during which allocated tokens cannot be sold or transferred, often used to prevent market flooding.