ApolloX-pris (APX)

What is ApolloX?

ApolloX is the biggest decentralized crypto derivatives exchange on BNB Chain shaping Web3 trading.

The platform offers: * ApolloX Classic, order book USDT perpetual contracts for low slippage and fast trading * ApolloX Lite, a new liquidity model offering zero-slippage BUSD perpetual contracts (ALP-PERP) * ALP, the platform’s high-yield staking LP token

On ApolloX, users can trade a wide selection of perpetual futures with leverage. APX is ApolloX’s utility token which can be obtained as trading rewards or staking rewards on ApolloX. In April 2022, ApolloX announced the launch of ApolloX 2.0, revealing a token burn plan and DAO governance model. APX can be locked in DAO to earn voting power for proposals and staking rewards.

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 has two trading modes. ApolloX Classic 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. ApolloX Lite Mode is a simpler, easy-to-use trading mode which hosts ALP-PERP contracts. ALP-PERP are not traded on an order book. Instead, trades are against the ALP liquidity pool.

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.

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 and staking rewards on ApolloX. * Trading perpetual contracts on ApolloX automatically generates APX trading rewards * Users can lock APX in DAO to earn staking rewards, trading fee discounts and voting Power for governance * Users can stake ALP to earn attractive yield in APX rewards

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 ApolloX DEX, PancakeSwap (Swap Pool: APX-BUSD) and other crypto exchanges.