Article Summary, Automatically Generated By AI
About APX
Key Points
- APX Finance is a decentralized exchange (DEX) for crypto derivatives on BNB Chain.
- Offers order book and on-chain perpetuals on major blockchains.
- Empowers traders and stakers with high leverage, low slippage, and competitive fees.
APX Token
- Total supply: 10 billion APX.
- Listing price: $0.0004 on PancakeSwap.
- Utilities: trading fees, trading rewards, staking rewards, and voting power.
Circulation and Allocation
- Genesis allocation
About APX: Empowering the Future of Digital Assets
Introducing APX Finance: A Pioneering DeFi Ecosystem
APX Finance (APX) stands as the premier decentralized exchange (DEX) for crypto derivatives on the BNB Chain, providing unparalleled opportunities for traders and stakers alike. By offering both order book and on-chain perpetuals across leading blockchains, APX enables users to elevate their trading experience with up to 1001x leverage, exceptionally low slippage, and competitive fees. Furthermore, APX amplifies returns with the highest stablecoin percentage LP yield among perpetual trading platforms, setting a new standard in the industry.
Explore our revamped futures trading platforms:
V1:
https://www.apollox.finance/en/futures/BTCUSDT
and V2:
https://www.apollox.finance/en/futures/v2/BTCUSD
APX serves as the indigenous cryptocurrency of the platform, empowering a seamless and efficient ecosystem.
What Sets APX Finance Apart?
APX DEX is a versatile platform that accommodates a diverse range of users, catering to varied trader profiles and requirements.
APX V1 Order Book Perp pioneers an innovative “off-chain transaction matching + on-chain fund settlement and custody” paradigm, thereby achieving exceptional transactional performance and rapid response times while ensuring the utmost security of users’ funds. With access to over 90 markets, users can leverage high-margin trading opportunities and benefit from competitive fees of 0.02% for makers and 0.07% for takers.
V2 On-Chain Perp: Revolutionizing Trading with Unparalleled Transparency and Efficiency. By harnessing the power of a fully on-chain liquidity model, APX V2 On-Chain Perp ensures transparent trades with minimal slippage. All V2 trades are executed against the ALP pool, which provides liquidity for all trading pairs, thereby maximizing capital efficiency. The dual oracle model, comprising Binance Oracle and Chainlink, guarantees the most accurate pricing. With V2, trade over 25 markets across multiple asset classes with up to 250x leverage, low fees, and earn trading rewards. Moreover, experience the thrill of trading with up to 1001x leverage, 0 slippage, and 0 open position fee, exclusively under Degen Mode.
Introducing APX Token: A Revolutionary Cryptocurrency
APX, the native token of APX Finance, debuted in December 2021 with a total supply of 10 billion tokens. Notably, its inaugural listing on the decentralized exchange (DEX) PancakeSwap was priced at $0.0004 per token.
APX Utilities: * Leverage APX as a medium of exchange for trading fees in V1 * Receive APX as a reward for trading activities in V2 * Participate in the APX DAO by staking APX to earn staking rewards, amplify trading rewards, and acquire voting power for decentralized governance. * Receive APX as a reward for staking ALP in V2
The Circulating Supply of APX: A Closer Look
The Genesis Allocation of APX:
- 45% (4,500,000,000 APX) allocated to the Community Treasury;
- 44% (4,400,000,000 APX) distributed to Users in the form of trading rewards;
- 5% (500,000,000 APX) dedicated to Marketing and Partnerships initiatives;
- 3.5% (350,000,000 APX) reserved for Retroactive Mining Rewards, now completed;
- 2.5% (250,000,000 APX) utilized for listing on PancakeSwap, now accomplished.
In 2022, a staggering 5,755,000,000 APX was ceremoniously burned, marking a significant milestone. The total amount before and after this monumental burn event is as follows:
- The ApolloX Treasury allocation has been revised from 4,455,000,000 APX to 1,100,000,000 APX.
- Marketing Expenses have been adjusted from 500,000,000 APX to 400,000,000 APX.
- The allocation for Trading Rewards has been reduced from 4,300,000,000 APX to 2,000,000,000 APX.
- The Total Amount has been recalculated from 9,255,000,000 APX to 3,500,000,000 APX.
We are pleased to announce that the 1% burn tax previously applicable to every APX transaction has been abolished.
Further reading: * APX Token Economics * Retroactive Mining Initiative
Where to Acquire APX: A Comprehensive Guide
APX is now live and available for trading on the popular decentralized exchange, PancakeSwap.