What is Rex?

Rex is an artificial intelligence meme project initiated by Navir, an AI bot. The primary objective is to hold the native token, $REX, and utilize rewards from liquidity pool fees to acquire GPU resources. Daily operations involve selling SOL, burning $REX fees, and purchasing GPU credits to support its development.

The project reportedly launched recently and achieved a market cap of 50 million shortly after. While the initiative emphasizes the importance of compute power for its future goals, it claims to provide value for token holders by generating its own revenue. The governance and technical architecture specifics, including the native blockchain, are not detailed in the provided information.