Reya Token Sale / FAQs

How will the token sale work?

In order to be eligible to participate in the Reya Token Sale, users must pass KYC verification and have an external non-custodial wallet address to fund their purchase request. 


Once the purchase period begins, users will be prompted to submit a purchase request, with a minimum purchase of $100.00. You can not submit a purchase request that is larger than the amount of USDC or USDT that you hold in your external wallet.


After the purchase period closes, December 2, 2025 at 17:00 UTC, allocations will be selected based on the ‘Filling from the Bottom” allocation method. Users will be informed of the final allocations within 5 business days of December 2, 2025 at 17:00 UTC. 


Users who are not selected to receive an allocation will receive their funds back in their funding wallet within 5 business days of December 2, at 17:00 UTC.

Can I participate in the sale without going through KYC?

No, participation in the sale requires completion of KYC/AML (Know Your Customer/Anti-Money Laundering) checks for all participants.

Where will tokens be distributed?

Tokens will be distributed to the external wallet linked within the sale flow. 

When can I expect to receive my funds back if I do not get an allocation?

After the purchase period closes, allocations will be selected based on the “Filling from the bottom” allocation method. Users who are not selected to receive an allocation will receive their funds back to their funding wallet within 5 business days.

What is the lockup for the Reya Token Sale?

50% unlock at TGE, 50% linear monthly vest for 6 months post TGE.

Am I required to link an external wallet?

Yes. Please note the wallet address linked in the wallet connect step will be the wallet set to receive distribution regardless of which wallet funds the purchase.

When do I need to fund my purchase?

In order to participate in the Reya Token Sale, users will need to fund their purchase request with the minimum purchase amount ($100 USD worth of USDC or USDT). There is no pre-funding deadline, but users will need to fund their purchase request within the 7-day timeframe, from November 25 at 17:00 UTC to December 2 at 17:00 UTC, to be eligible for an allocation.

What is the "Filling from the Bottom" Allocation Method?

To learn more about the "Filling from the Bottom" Allocation Method, see here.

What is Reya?

Onchain trading is fast, but execution is still slow. Liquidity is deep in some places, thin in others, and inconsistent everywhere. Reya fixes that with a unified liquidity engine that delivers tight spreads, deep books, and better execution across the entire trading stack.

How do I fund my purchase?

We will display payment information when you complete your registration for the Reya Token Sale. Eligible purchasers can pay with Tether (“USDT”) or USD Coin (“USDC”). Payments made in USDT or USDC will equate to the value of one United States Dollar ("USD") regardless of fluctuations in USDT or USDC.

Purchases are to be funded by non-custodial, external cryptocurrency wallets. Linked wallets within the sale flow will be the default wallet for payment, but additional non-custodial, external wallets can be used for payment. Please note the wallet address linked in the wallet connect step will be the wallet set to receive distribution regardless of which wallet funds the purchase. 

Why can’t certain residents and citizens participate in the Reya Token Sale?

CoinList is committed to following all applicable regulatory guidelines. As a result, CoinList will not be able to offer REYA tokens for purchase during the Reya Token Sale to prospective participants in the US (and its territories), Canada, and the EU (except for up to 149 natural or legal persons per Member State under MiCAR exemptions), and any individual, country, or territory subject to US, EU, UN, or UK sanctions, and certain unsupported jurisdictions.