Reya Labs: Trading event release delayed due to errors found in pre-launch testing of Reya DEX
2024-05-13 14:55
Odaily News Reya Labs, the developer of the modular L2 project Reya Network, posted on the X platform that the team has been conducting final tests before the launch of Reya DEX, but found an error in a key process, which means that the release of the Trading Event will be postponed (originally scheduled to be released at 20:00 today). The official said that it apologized for the delay, but would never promote initiatives that could not pass the test. In addition, LGE (liquidity generation activity) will still end. When the trading event is released, users will be able to start collecting 60% of the transaction fees. Stay tuned for subsequent updates. Earlier news, Reya Labs posted that Reya Network's incentive mechanism is designed to reward project contributors in a fair way, covering three core concepts: Seasons, Ranks and XP. Seasons will last for several weeks. It is currently in the Season OG stage, starting with LGE, and will end on June 30, 2024, and Season 1 will start later. Users can participate in three activities: trading, network staking, and recommendation to obtain XP; Ranks operates through ranking announcement events (RRE) and weekly ranking events. The RRE for Season OG will take place on May 27. In addition, Reya DEX will be launched soon.
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