The $REAL Token Migration: A Turning Point
Following a successful governance vote, the $factr token was sunset in favour of $REAL, a fully distributed, hard-capped utility token designed to align directly with usage and value creation across the Defactor ecosystem.
The migration was completed on September 1st, and $REAL is now:
- Live on the Base network
- Trading actively on Uniswap and Aerodrome
- Being onboarded to centralized exchanges like MEXC, where we’ve directly coordinated token transfers for upcoming listings
Everything has been handled in the open, with all token movements verifiable on-chain. That’s by design.
What Happened on CoinEx?
Shortly after the migration, users noticed that CoinEx was still displaying trading activity under the old token name, “FACTR.”
To clarify: Defactor has no affiliation with CoinEx. $factr tokens were listed independently by the exchange.
- We did not send them $REAL tokens.
- We did not request or authorize a listing.
And we do not control or influence any trading that has taken place on their platform.
What appears to have happened is a form of “paper trading”, where centralized platforms simulate order books or price movements without holding real tokens.
We have reached out to CoinEx for comment and at the time of publishing have not received a reply, we will update this post once we get their explanation. We have also formally requested that they relist the new $REAL token to give their customers the chance to hold the new token.
Why On-Chain Trading Matters
This is exactly why Defactor prioritises DEX listings and on-chain activity first. With on-chain markets:
- You can see every transaction.
- You can verify token supply and liquidity.
- There’s no ambiguity around who holds what.
Contrast that with centralized exchanges, where listings can happen without consent, and users must rely on the platform’s internal accounting and interfaces. As we’ve seen in many parts of the crypto world, that reliance isn’t always rewarded with clarity.
With $REAL, everything from the contract address to the migration transactions is public. There’s no hidden logic, no behind-the-scenes manipulation. Just real assets, in real wallets, in real time.
The Official REAL Token
If you’re a $REAL holder or are planning to become one, here’s what matters most:
- $REAL is live and active on Base.
- The official token address is:
0x0b0E6E32E4d69cB418630163574959108EdCB80E
- You can trade $REAL today via:
- Uniswap on Base
- Aerodrome
- Centralized listings are in motion, starting with MEXC (12/9/2025)
Our Focus: Building, Not Blaming
This articletisn’t about pointing fingers. Exchanges operate differently, and not all are bad actors, but not all are transparent either. The key message is this:
Defactor didn’t list on CoinEx. And we’re not behind any price movement or chart shown there.
If you’re unsure about a listing, verify it on-chain or come directly to our support channels. We’ll always be open about what’s real and what isn’t.
Looking Ahead
The migration to $REAL is more than just a token upgrade; it’s a shift in how we think about value, transparency, and trust in the RWA space. As the ecosystem grows, we remain committed to open infrastructure, real-world asset integration, and community-driven governance.
To everyone who’s backed us: thank you.
To those new to the journey: welcome.
We’re just getting started.
For any questions or queries regarding the token migration, consult this article or contact support@defactor.com
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