Generalize
Information
Information
What is ApolloX and how does it work?
Answers
What is ApolloX?
ApolloX is the largest decentralized crypto derivatives exchange built on the BNB Chain, revolutionizing Web3 trading.
The platform offers two trading modes: ApolloX V1 Orderbook Perpetual Contracts for lower fees and a CEX-like experience, and ApolloX V2 On-Chain Perpetual Contracts for more decentralization and transparency.
On ApolloX, users can trade a wide selection of crypto and forex perpetual futures with up to 200x leverage. APX is the native token of ApolloX.
For more information, visit ApolloX DEX: www.apollox.finance.
What makes ApolloX unique?
ApolloX DEX caters to multiple types of users and accommodates different trader profiles.
ApolloX V1 OrderBook Perps utilizes an "off-chain matching + on-chain settlement" model to achieve high transaction performance, excellent market depth, and fast response speeds while ensuring the safety of users funds. ApolloX V1 hosts two trading interfaces: Classic Mode, the original order book interface, and Lite Mode, a simpler trading interface suitable for beginners. ApolloX V2 On-Chain Perps trade against the ALP liquidity pool. Staking users can stake ALP to become market makers for V2 trading and earn staking rewards.
In April 2022, ApolloX announced the launch of ApolloX 2.0. Under ApolloX 2.0, ApolloX burned 5,755,000,000 APX and transitioned towards a DAO structure.
What is APX Token?
APX is the native token of ApolloX. APX was launched in December 2021 with a total supply of 10 billion APX. The first listing DEX for APX is PancakeSwap, with a listing price of $0.0004.
APX utilities include using APX as trading fees in V1, earning APX as trading rewards in V2, and staking APX in ApolloX DAO to earn staking rewards, boost trading rewards, and obtain voting power for DAO governance.
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, except 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 cryptocurrency exchanges.
Coin ranking
Popular Q&A
- Can you tell me the current price of APX in the cryptocurrency market? I'm interested in knowing the latest value of APX and how it is performing in the market. Could you provide some insights on its price movement and any factors that may be influencing it?2021-12-24
- Can you provide a detailed comparison of the APX price with other popular cryptocurrencies? I'm interested in knowing how APX performs in terms of price compared to other well-known digital currencies.2021-12-24
- Can you tell me the current price of APX coin? I'm interested in investing in it and want to know the latest price.2021-12-24
- What advantages does APX coin offer to investors that make it a worthwhile investment?2021-12-24
- I'm considering investing in APX coin, but I'm not sure if it's a good choice in the current market. Can anyone provide some insights on the potential of APX coin and its performance in the market?2021-12-24
- What can we expect from APX coin in the coming years? Will it continue to grow and gain popularity in the cryptocurrency market?2021-12-24