Saint Vincent, the Grenadines,, October 1st, 2024,
Chainwire
ApeX Protocol, a leading
decentralized exchange platform, proudly announces the deployment
of a series of strategic tokenomics updates designed to enhance the
long-term value and stability of its native token, $APEX. These
updates are set to enhance the ApeX ecosystem, benefiting token
holders, early investors, and the broader community.
esAPEX12 Strategic Solution: Now Live
ApeX has officially launched the esAPEX12 Strategic Solution, addressing common
challenges associated with pre-sale token unlocks, such as price
volatility and inflationary pressures. This innovative
mechanism ensures a smooth, controlled release of $APEX tokens,
protecting the token price from market fluctuations and providing a
more predictable environment for investors and users.
The esAPEX12 pool, hosted on the Arbitrum network, allows
unlocked $APEX to be converted into esAPEX12 tokens, which are
available for third-party purchase with a 12-month lockup period.
This approach ensures a steady and strategic distribution
of $APEX, balancing market demand while offering a 40% discount to
new buyers. For a detailed guide on how to purchase tokens at the
discounted rate, click here.
Introducing the Buy-Back and Share (BBS) Program
Set to launch in the coming weeks, ApeX is excited to introduce
the Buy-Back and Share Program. This innovative initiative will
utilize fee revenues to repurchase $APEX tokens from the market,
which will then be distributed as rewards to long-term
participants. By creating consistent buying pressure, this
program enhances $APEX’s value while allowing users to accumulate
more tokens over time.
The BBS program is poised to become a cornerstone of ApeX’s
ecosystem, helping loyal participants maximize their returns and
advantageously position themselves to earn future rewards,
including stablecoins, as the platform evolves.
$APEX as the Trading Fee Token — Coming in Q4 2024
ApeX is further enhancing its tokenomics by utilizing $APEX as
the trading fee token on the ApeX Omni DEX at the end of Q4 2024.
Users opting to pay their trading fees with $APEX will enjoy
discounted fees, creating an added incentive for token usage.
In a deflationary move, all $APEX tokens collected as fees
will be burned, reducing the overall supply and contributing to the
token’s value appreciation over time.
Deflationary Tokenomics Model
The combined strategies of esAPEX12, the Buy-Back and Share
Program, and $APEX’s use in trading fees will result in a robust
deflationary tokenomics model, benefiting the community at
large.
ApeX is committed to enhancing its native token — $APEX, through
controlled releases, strategic buybacks, and a token-burning
mechanism, ensuring long-term growth and value for all
stakeholders.
About ApeX
Founded with the mission to provide a
decentralized, permissionless, and self-custodial trading
experience, ApeX offers seamless
multi-chain deep liquidity and a robust order book interface to
cater to traders in the crypto market. ApeX Omni is the latest
product from ApeX Protocol. With its cutting-edge multi-chain
liquidity aggregation, modular intent-centric architecture, and
advanced zero-knowledge proof security, ApeX Omni delivers
unparalleled performance and safety.
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Contact
Mariam
mariam@davionlabs.com