BSCNews just dropped an exciting update on X about the upcoming token sale for Reya Network's $REYA. If you're into meme tokens and the wild world of crypto trading, this could be a big deal. Reya is positioning itself as a super-fast Layer 2 decentralized exchange (DEX) focused on perpetual contracts, and it's launching its token sale on CoinList – the same platform that hosted sales for heavyweights like Solana ($SOL) and NEAR Protocol ($NEAR).

For those new to the scene, perpetual contracts (or "perps") are like futures but without expiration dates, letting you bet on price movements indefinitely. This is huge for meme tokens, which often see massive volatility and hype-driven pumps. Reya aims to make trading these assets smoother and faster, with execution times as quick as one millisecond.

What is Reya Network?

Reya Network is built on the Arbitrum Orbit stack, making it a modular Layer 2 solution on Ethereum. Think of Layer 2 as a way to scale Ethereum without clogging the main network – it handles transactions off-chain but settles them securely on Ethereum. Reya's standout features include gasless trades (no more paying hefty fees for every move), a unified liquidity pool, and support for over 70 markets. These include crypto perps, real-world assets, staking options, and even spot trading that's in the works.

What sets Reya apart for meme enthusiasts? Its permissionless setup means anyone can list assets, potentially opening the door for quick trading of the latest meme coins. Plus, it uses multi-asset collateral – you can use things like wrapped staked ETH (wstETH) or yield-bearing stablecoins as backing, which adds flexibility. The network's design fights common DEX pains like front-running (where bots jump ahead of your trade) and ensures self-custody, so you control your funds.

Backed by big names like Framework Ventures, Coinbase Ventures, and Wintermute, Reya has raised $16 million and already boasts over 10,000 active traders. It's gearing up to become the first "based rollup" directly integrated into Ethereum's Layer 1, which could mean even better security and speed down the line.

Token Sale Details

The sale kicks off on November 25, 2025, at 17:00 UTC and runs for seven days until December 2. They're offering 160 million $REYA tokens at $0.01875 each, with a fully diluted valuation (FDV) of $150 million. That's just 2% of the total 8 billion token supply, so it's a small slice aimed at building community.

To join, head over to CoinList and fund your wallet with at least $100 in USDT or USDC (ERC-20). But heads up: This is for non-U.S. residents only – no Canadians or folks from sanctioned countries either. The allocation is community-focused, starting with the smallest buys first to spread it out. If demand is high, bigger requests might get partial fills.

Vesting is straightforward: Half the tokens unlock right at the token generation event (TGE), and the rest vest monthly over six months. This helps prevent dumps and encourages long-term holding.

$REYA Tokenomics and Utility

$REYA isn't just a governance token; it's got real utility. Stake it for rewards, lower trading fees, and voting power. Node operators stake $REYA too, with penalties for bad behavior to keep the network honest. A portion of fees goes to buybacks – 80% for $REYA and 20% for ETH – which could support the token's value.

Out of the 8 billion total supply, 45% is earmarked for community incentives, showing Reya's commitment to users. For meme traders, this means potential airdrops or rewards for providing liquidity to volatile pairs.

Why This Matters for Meme Tokens

Meme tokens thrive on speed and liquidity, and Reya's tech could be a game-changer. Imagine trading the next big dog-themed coin with near-instant execution and no gas fees – that's the vision. Compared to past CoinList successes like $SOL (which saw over