PANews reported on November 20th that, according to a CoinList announcement, the Reya token sale will launch on CoinList at 1:00 AM Beijing time on November 26th (5:00 PM UTC on November 25th). Reya is a top-six perpetual contract DEX with a daily trading volume of $1-1.5 billion and is backed by Framework Ventures, Coinbase Ventures, and Selini Capital. The sale is valued at $150 million, with 50% unlocked via TGE, and will employ a bottom-up allocation mechanism, prioritizing smaller investors. Participation is not available in certain regions, including the United States and Canada.