Dear ApolloX users,The proposal created on 5th October 2022 on Snapshot to <a href="https://snapshot.org/#/apolloxdao.eth/proposal/0x60d1a63ff2b704df7d69efa4fb0ce5a0209e236c0978db0055f5f00c663a421e" rel="noopener noreferrer nofollow">reduce the amount of APX rewards earned in APX-BUSD LP staking</a> has passed with 6,621,172.51 voting power for ‘Reduce APX output to 1.5’. Here&#39;s how the proposal will be implemented:<ul><li>ApolloX will start to adjust the APX rewards from 11th October 2022 onward</li><li>The extra reward tokens after the adjustment will not be added into the LP staking contract and will not circulate in the market, thus reducing APX circulating supply</li></ul>Check out the following articles for more information on DAO:<ul><li><a href="https://apollox.zendesk.com/hc/en-us/articles/11181802042393--%E6%8F%90%E6%A1%88-05-%E4%B8%8B%E8%B0%83%E8%B4%A8%E6%8A%BCAPX-BUSD-LP-%E8%B5%9A%E5%8F%96APX%E7%9A%84%E5%A5%96%E5%8A%B1%E6%95%B0%E9%87%8F" rel="noopener noreferrer nofollow">【Proposal-05】Reduce the amount of APX rewards earned in APX-BUSD LP staking</a></li><li>Proposal snapshot: <a href="https://snapshot.org/#/apolloxdao.eth/proposal/0x60d1a63ff2b704df7d69efa4fb0ce5a0209e236c0978db0055f5f00c663a421e" rel="noopener noreferrer nofollow">【Proposal-05】Reduce the amount of APX rewards earned in APX-BUSD LP staking</a></li><li><a href="https://apollox.zendesk.com/hc/en-us/articles/7478740659865-ApolloX-DAO%E6%96%B0%E6%89%8B%E6%8C%87%E5%8D%97" rel="noopener noreferrer nofollow">ApolloX DAO——Tutorial Guide</a></li><li><a href="https://apollox.zendesk.com/hc/en-us/articles/8042148115865" rel="noopener noreferrer nofollow">[Lock &amp; Get veNFT] Details</a></li><li><a href="https://apollox.zendesk.com/hc/en-us/articles/8042596125209" rel="noopener noreferrer nofollow">[Governance] Details</a></li></ul>Thank you for the support!Risk Warning: Crypto futures trading carries a substantial risk. All trading activities are done at your discretion and at your own risk. The information here should not be regarded as financial or investment advice from ApolloX. ApolloX will not be liable for any loss that might arise from your use of ApolloX.

ApolloX proposal to reduce the amount of APX rewards earned in APX-BUSD LP staking has passed

APX

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