ApolloX Price (APX)

What is ApolloX?

ApolloX is a top decentralised crypto derivatives exchange. Launched in 2021, ApolloX’s mission is to lower barriers of entry and make crypto accessible to everyone, not just to professional traders or quants.

On ApolloX, users can trade a wide selection of USDT-margined perpetual futures with up to 50x leverage. BTCUSDT and ETHUSDT can be traded with up to 150x leverage and 100x leverage, respectively.

The ApolloX crypto ecosystem is fast-growing and boasts its decentralized exchange, native token, ApolloX DeFi Wallet, ApolloX Rockets NFTs, crypto education channel and more. APX is ApolloX’s utility token which can be obtained as trading rewards on ApolloX.

In March 2022, ApolloX launched spot trading. Initial launch included 8 spot markets. In April 2022, ApolloX announced the launch of ApolloX 2.0, revealing a token burn plan and DAO governance model.

For more information, visit ApolloX DEX: www.apollox.finance.

What makes ApolloX unique?

ApolloX has a decentralized exchange, ApolloX Finance, that caters to different trader profiles.

In particular, ApolloX Finance employs an "off-chain matching + on-chain settlement" model to achieve high transaction performance, excellent market depth and fast response speeds while ensuring the safety and transparency of users’ funds.

Unlike the common AMM model adopted by other decentralized exchanges, ApolloX Finance adopts the order book model, which supports futures trading.

In April 2022, ApolloX announced the launch of ApolloX 2.0. Under ApolloX 2.0, ApolloX will burn 5,755,000,000 APX and transition toward a DAO structure. ApolloX DAO will utilize Gnosis Safe, Gnosis Snapshot and industry standards of discourse to process off-chain voting and on-chain multi-signature participation to implement decentralized governance.

What is APX Token?

APX is ApolloX’s native token. APX launched in December 2021 with a total supply of 10 billion APX. The first listing DEX for APX is PancakeSwap for a listing price of $0.0004.

APX is primarily earned as trading rewards on ApolloX. Users can also lock and stake APX to earn more APX. Under ApolloX 2.0, APX will add utility as a governance token.

How Many APX Are There in Circulation?

Genesis allocation of APX:

• 45% (4,500,000,000 APX) to Community Treasury;
• 44% (4,400,000,000 APX) to Users as trading rewards;
• 5% (500,000,000 APX) to Marketing & Partnerships;
• 3.5% (350,000,000 APX) to Retroactive Mining Rewards [Completed];
• 2.5% (250,000,000 APX) to list on PancakeSwap [Completed].

With ApolloX 2.0, 5,755,000,000 APX will be burned. Amount before and after the burn:

• ApolloX Treasury: 4,455,000,000 APX → 1,100,000,000 APX
• Marketing Expenses: 500,000,000 APX → 400,000,000 APX
• Trading Rewards: 4,300,000,000 APX → 2,000,000,000 APX
• Total Amount: 9,255,000,000 APX → 3,500,000,000 APX

There is a 1% tax on every transaction. All tax, save for special use cases like staking, will be burned.

Further reading: * APX Tokenomics * Retroactive Mining Program

Where can you buy APX?

APX is available for trading on PancakeSwap (Pool: APX-BUSD) and other exchanges like LBank and MEXC Global.