APX price

APX

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APX DEX serves multiple types of users and caters to different trader profiles.

V1 OrderBook Perp Adopting an "off-chain transaction matching + on-chain fund settlement and custody" model, APX V1 Order Book Perp achieves high transaction performance and fast response speeds while ensuring the safety of users’ funds. Trade over 90 markets with high leverage and enjoy competitive fees of 0.02% maker, 0.07% taker.

V2 On-Chain Perp Utilizing a fully on-chain liquidity model, APX V2 On-Chain Perp achieves more transparent trades with minimal slippage. All V2 trades are executed against the ALP pool, which provides liquidity for all trading pairs to maximize capital efficiency. V2 employs a dual oracle model consisting of Binance Oracle and Chainlink for the most accurate pricing. Trade over 25 markets in multiple asset classes with up to 250x leverage, low fees and earn trading rewards. Trade with up to 1001x leverage, 0 slippage and 0 open position fee specially under Degen Mode.

APX is APX Finance’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 utilities: * Use APX as trading fees in V1 * Earn APX as trading rewards in V2 * Stake APX in APX DAO to earn staking rewards, boost trading rewards and obtain voting Power for DAO governance. * Earn APX as ALP staking rewards in V2

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].

In 2022, 5,755,000,000 APX was 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

The 1% burn tax on every APX transaction has been removed.

Further reading: * APX Tokenomics * Retroactive Mining Program

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