Wow, January at ApeX has been a roller coaster of breakthroughs and record-setting moments! We’re still buzzing with energy and enthusiasm as we embark on this new year. From the tokenomics overhaul to the exciting enhancements in Trade-to-Earn Round 2, and the all-time highs $APEX hit, each week brought new developments.
Let's dive into the milestones that have made January a month to remember at ApeX.
#1 Hitting All-Time High Token Value AND an All-Time High Volume: The $APEX Surge
January marked a record-breaking period for ApeX.
The $APEX token witnessed an unprecedented value increase of 768.63%. This exceptional surge is a testament to unwavering trust and support from our community. It's not just about numbers; it's about the confidence and belief our users have in the potential of ApeX.
What's more, on January 12, we reached yet another significant milestone — our trading platform achieved an unprecedented peak, with an astounding $621.82M in 24-hour trading volume, a new all-time high!
This remarkable accomplishment marks a new all-time high for our platform and is a clear indication of ApeX's strength and potential for growth.
We extend our heartfelt gratitude to our dedicated community and traders who have played a pivotal role in driving this extraordinary achievement. Your unwavering support and active participation have been instrumental in reaching this historic milestone.
#2 Tokenomics Revamp Initiated — Greater Value, More Benefits!
This very month, we've embarked on a journey to fulfill our commitment to revamp the tokenomics of $APEX, as announced last December. We took the very first step and announced the roadmap for the year with the focus to not just reinforce the overall project value but also to maximize the benefits for our dedicated community.
To enhance the value proposition of $APEX, we have initiated a strategic reduction of our total token supply by 50%, from 1,000,000,000 to a targeted 500,000,000 tokens. On January 18, 2024, we successfully conducted a token burn that reduced the supply to 850,000,000 $APEX. This initial reduction marks the beginning of our systematic approach to increase token scarcity as we plan to schedule regular token burns in forthcoming quarters.
As a second step of our tokenomics revamp, we're launching APEX-ETH liquidity pools on reputable decentralized exchanges, such as Camelot on Arbitrum and AGNI on Mantle. By participating in these liquidity pools, community members have the opportunity to become liquidity providers, engage directly in the ecosystem's growth, and benefit from revenue sharing. Additionally, this move is a chance for our community to earn tangible returns not only in real yield (via ApeX revenue sharing) but also with the rewards in both the native tokens of our partner DEXs and in $APEX itself.
Finally, for the ApeX Staking Program, we have upcoming plans to introduce an optional lock-in feature tailored for longer-term investments, enhancing the potential for amplified earnings. The program, a favourite at ApeX, offers weekly yield distribution in USDC and a dynamic reward calculation mechanism based on investment duration and trading activities.
These strategic initiatives represent a major leap forward for ApeX Protocol. We remain firmly committed to developing a robust and sustainable ecosystem, which is reflected in the steps we've taken to elevate our tokenomics. For more details on our tokenomics revamp, check out our blog.
#3 Trade-to-Earn Round 2: Trade USDT Contracts and Amplify Your Earnings
Trade-to-Earn Round 2 (T2E) is back this year, bigger and better! Initiated on January 22, 2024, this year-long event brings exciting new features and improvements to surpass the previous iteration.
T2E Round 2 at ApeX introduces the new $BANANA token, rewarding ApeXers who trade any USDT perpetual contracts. This year, traders can look forward to bi-weekly rewards from an expanded pool, with the added excitement of potential airdrop opportunities. The $BANANA token, integral to this program, is minted with 10,000,000 $APEX locked over 12 months and its distribution will be based on trading activities, ensuring a fair reward system.
With these improvements, ApeX aims to provide a dynamic and enriching trading journey, emphasizing our commitment to empowering the community and fostering a more engaging trading environment. For more details on the mechanics of T2E Round 2 and how you can get started, check out our blog.
#4 Six New USDT Perpetual Markets Added
We've kicked off the year with a bang as we've introduced 6 new USDT listings to our trading platform!
We've introduced STX-USDT, BIGTIME-USDT, MEME-USDT, PYTH-USDT and FET-USDT with up to 25x leverage and have also introduced ETH-USDT with up to 50x leverage.
These additions reinforce our commitment to providing a diverse and dynamic trading environment for ApeXers with already 30 trading pairs. Explore these new opportunities and take your trading to new heights!
And stay tuned because we have some more in the pipeline (11 perpetual markets to be more precise), coming your way in mid-February!
#5 $APEX Listing on MEXC
As we wrap up the month, one of the standout moments was $APEX's listing on a centralized exchange — MEXC, expanding the reach and accessibility of the token.
This listing on MEXC is the first of many to come! Stay tuned.
#6 Coin98 Integration
In an effort to expand our wallet support, in addition to the existing 10 wallets for traders to choose from, in January we've integrated one more — Coin98 Wallet. This non-custodial and multi-chain wallet provides ApeXers with another secure option for cross-chain deposits and withdrawals, while the Coin98 community gains access to one of the top-performing DEXs in the market today. Read about the details of this integration on our blog.
#7 ApeX Lunar Dragon Chase
As we look ahead to early February, we have an exciting competition in store that you would not want to miss! The ApeX Lunar Dragon Chase is set to kick off from February 5, 2024.
In this quest, your trading volume will unlock fantastic rewards, and there's a grand prize pool of up to 100,000 USDC waiting to be claimed. To participate, simply trade USDC and USDT contracts on ApeX, and get ready to embark on a thrilling adventure to mint 7 unique Dragon Ball NFTs. Collect them all to create an ApeX Wood Dragon and unlock the prize pool!
But that's not all — we're also giving away complimentary mints which you can earn by completing simple tasks. You'll have many opportunities to claim these mints, so keep an eye out for the Early Bird Special, Deposit Bonus, Welcome Bonus, Social Bonus, and our exciting Scavenger Hunt on X.
Check out our blog for all the details on the upcoming quest and prepare to join us on this adventure filled with rewards and surprises!
We also want to take this opportunity to wish you a Happy Lunar New Year! May the year of the Dragon bring you good fortune and success.
As January ends, the momentum from this month propels us forward with new and exciting plans on the horizon. Keep an eye on the ApeX Blog for all the latest updates and join us as we embark on this ongoing journey.
We extend our heartfelt thanks to ApeXers for making our achievements a reality. We're eagerly looking forward to what February has in store and are excited to continue on this journey with you.