New Sale on CoinList: Reya Network Launches $REYA Token Sale

Cryptocurrency sale activities continue, and this time the spotlight is on the Reya Network project (formerly known as Voltz Labs). This modular decentralized exchange (DEX) focused on perpetual contracts (perps) on Ethereum Layer 2 (L2) has announced the start of its $REYA token sale on the CoinList platform. The project has already raised $16 million in investments from leading funds such as Coinbase Ventures, Framework Ventures, Wintermute, and Selini Capital, and plans to attract another $3 million through this sale.

Reya Network positions itself as one of the top-6 perpetual DEXes with a daily trading volume of $1-1.5 billion. The project offers fast, secure, and trustless trading on Ethereum L2, with features like cross-margin, yield-bearing collateral, zero fees for BTC and ETH. The upcoming update includes a specialized ZK-rollup on Ethereum with sub-millisecond execution, no single sequencer risk, and full verification. This makes Reya unique, as "fast is easy, decentralized is hard," but the project has achieved both.

The sale terms, announced in the official post on Twitter from @reya_xyz, are as follows:

• Token price: $0.01875 per 1 $REYA at a fully diluted valuation (FDV) of $150 million.
• Total token supply: 8 billion $REYA, with 160 million (2%) allocated to the sale.
• Minimum deposit: $100 (USDT or USDC on ERC-20).
• Unlock: 50% immediately on TGE (Token Generation Event), 50% linearly over 6 months.
• TGE scheduled for Q4 2025.
• Sale duration: from November 25 (17:00 UTC) to December 2 (17:00 UTC) 2025.
• Format: "Filling up from the bottom" - small bids filled first, large ones proportionally if supply remains. If allocation is insufficient, funds are returned within 5 business days.
• Requirements: KYC mandatory, excludes residents of the US, Canada, and sanctioned jurisdictions (US, EU, UN, UK).

The $REYA token is utility and governance: used for staking (fee discounts, additional distributions, voting rights), securing nodes (with slashing for violations), and a buyback mechanism (80% $REYA and 20% ETH from funds filled by trading and liquidation fees). The project already has over 100,000 wallets, $60+ billion in trading volume, and 70+ markets, ranking 12th in perp volumes according to DeFiLlama.

Experts note that launching a token after proven performance is rare in the DEX space, where many projects start without a real product.

"This is a transparent, community-oriented approach," comments from the community say.

Reya has already attracted attention, as similar sales on CoinList, like Solana or Near, became successful.