Happy August, ApeXers! As we look back and reflect on July, it was a truly standout month at ApeX, marked by a series of exciting advancements.
The launch of Omni Showdown was a major highlight, drawing over 2,600 participants who are competing for 2.75 billion KONG tokens and 50,000 USDT! This month also saw the integration of Mantle Network and Base chain on ApeX Omni, adding more options for cross-chain deposits and withdrawals for ApeXers, while giving the Mantle and Base communities access to one of the top-performing DEXs available.
The debut of ApeX Grid Bot on ApeX Omni, with a 0.002% negative fee, is another exciting update, allowing you to earn on every trade while leveraging automated strategies. Crypto Cup Madness captured the excitement of Euro 2024 with engaging predictions and trivia contests on the community channels. Meanwhile, Feed the Kong Frenzy — our viral tap2earn game received major updates, offering more ways to connect with the game and boost banana counts. Lastly, ApeX has added 30 new USDT markets to Omni, providing a myriad of trading options for our perp traders.
Let's dig deep into the specifics.
1. Omni Showdown — Register, deposit, trade or refer to share 2.75 Bln KONG and 50K USDT!
We're now in Week 2 of Omni Showdown on ApeX Omni, and the campaign is in full swing! With over 2,600 participants and total trading volume approaching $500 million, this is your chance to claim a share of 2,750,000,000 KONG tokens and a 50,000 USDT prize pool!
Here's the exciting part: everyone walks away with a prize! Whether you're a top trader or just getting started, there's something for you. The 2.75 billion KONG tokens are distributed as follows: 5% are equally allocated among all registrants, while the remaining 95% is proportionally shared among all qualified participants based on final scores. (Please note: a 'Qualified Participant' refers to a user who completes at least one of the required tasks (deposit, trade, or refer).
Additionally, we're inching close to unlocking the final tier of the prize pool worth 50,000 USDT, so vie for a spot in the top 50 traders on the leaderboard to grab a share of this pool! Please be reminded that you need a min 10,000 USDT trading volume to qualify for the USDT rewards.
Need help getting started? It's easy — connect your wallet, sign up, and you're ready to go! Once you're set up, your mission — boost your score. Your final score determines your share of the prize pool and combines deposits, trading volume, profits, and referrals. The more active you are, the higher your potential rewards!
In Week 2 of the competition, the coefficient of your trading score is 1.25, so increase your trading activity to boost your score this week! For a more detailed explanation of how this works, check out this post.
The competition runs until August 15, 2024, so there's plenty of time to strategize and enhance your score. What's more, with Grid Bot now live on Omni, you can even automate your trading with the bot while maximizing your Showdown score. Check out all the details of the campaign on this blog. If you need a more in-depth overview, head to our introductory blog.
Ready to unleash your inner ape? Sign up, deposit, trade, refer, and make your mark in the jungle!
2. ApeX Grid Bot Launches on ApeX Omni with 0.002% Negative Fees
Next up, (as mentioned above) we've rolled out ApeX Grid Bot on ApeX Omni with support for all available perpetual contracts. To celebrate the addition of this powerful automated trading tool to the suite of tools on Omni, we are offering negative maker fees of 0.002%. Designed to help you execute customizable grid strategies and capitalize on market fluctuations efficiently, you can now navigate market volatility with ease while earning on every trade!
Don't forget, ApeX Grid Bot offers both neutral bots and one-sided bots with either geometric or arithmetic settings. The bot is equipped to elevate your trading experience with tools such as candlestick charts, APY optimizations, historical data and transaction details.
Moreover, with Omni Showdown heating up, deploy ApeX Grid Bot to customize and automate your trades, benefit from negative -0.002% fees on every trade, and compete for a share of the 50,000 USDT and 2.75 billion $KONG prize pools!
For all the details on the launch of ApeX Grid Bot on ApeX Omni, check out this blog. Meanwhile, for a comprehensive overview of all available features, check out our helpful blog.
3. Crypto Cup Madness — Celebrating Euro 2024 with Scorecast Showdown and Trader's Trivia Tournament!
As Euro 2024 fever swept across the globe, we brought the thrill of the tournament directly to you in Crypto Cup Madness! ApeX's crypto-twist on Eurocup featured 2 events on our community channels: Scorecast Showdown and Trader's Trivia Tournament.
In Scorecast Showdown, participants put their prediction skills to the test, by forecasting match outcomes and key events for a chance to win free Mystery Boxes on ApeX Social. In case you need a refresher, our exclusive mystery boxes contain rewards ranging from trading bonuses and ApeX Social Points (ASPs) to real-world treasures like an Apple Vision Pro, a Saga phone, and Lamborghini.
Concurrently, in Trader's Trivia Tournament, we hosted daily contests, where the quickest responders earned USDT bonuses!
Both events gave participants the chance to interact with fellow fans and ApeXers, make predictions, and brush up on their trivia skills. For all the details of this exciting competition, check out our blog.
4. Bybit Web3 x ApeX: Double Rewards with 5,000 USDT and 2x Banana Points
Another highlight this month was the launch of a deposit campaign in partnership with Bybit Web3! This exciting 2-part campaign offers dual rewards!
Top Up and Win: Make a deposit via Bybit Web3 Wallet on ApeX Omni, until August 13, 2024 for a chance to earn USDT trading bonuses. Don't forget, by making a deposit, you'll boost your score in Omni Showdown as well and stand a chance to win rewards from the 2.75 billion $KONG and 50,000 USDT prize pool. Just remember to register on the campaign landing page for your score to start accumulating. Without registration, your score won't count.
Double Your Banana Points: Play Feed the Kong Frenzy using Bybit Web3 Wallet to qualify for the KONG airdrop and double your banana count! This is an effortless opportunity to rack up your banana count and increase your allocation in the upcoming airdrop.
Don't miss out — deposit, feed Kong, and watch your banana points and USDT bonuses grow!
Should you need more details of this campaign, head to our blog.
5. Mantle Network x ApeX Omni: Mantle Missions and esAPEX Vesting
Next up, Mantle Network is now supported on ApeX Omni! This integration enhances cross-chain deposits and withdrawals for ApeXers, while the Mantle community gains access to one of the top-performing DEXs available today.
To celebrate, we've launched the Mantle Missions: Deposit and Earn 12% APY campaign. To get involved, simply deposit funds on ApeX Omni via Mantle Network and score a chance share in an 8,000 MNT prize pool. The more you deposit and the longer you hold, the greater your rewards!
With just 1 day left, complete simple social tasks on Galxe and make a deposit via Mantle Network on ApeX Omni to earn 12% APY and claim your share of the 8,000 MNT prize pool!
Additionally, we have extended our Vesting support to Mantle Network. Consequently, if you hold any $esAPEX tokens on Mantle, you can now participate in vesting for a 6-month period and receive APEX governance tokens in return. Alternatively, keep them staked in our Staking Program to earn weekly USDC from revenue shares and secure your spot in our upcoming KONG token airdrop.
For more details on our partnership with Mantle, check out this blog.
6. Extended Multichain Support for Base
Another milestone for July: ApeX Omni now supports Base, giving you another way to connect and get started with decentralized trading on ApeX! With this update, ApeX Omni now supports 5 chains: Ethereum, BNB Chain, Arbitrum One, Base and Mantle.
In case you need a reminder, Base is a layer-two blockchain designed to boost transaction scalability and efficiency while maintaining the security of the Ethereum mainnet.
Now, the Base community can conveniently join ApeX Omni and parttake in Omni Showdown by depositing funds via Base and engaging with all the activities to secure a share of the KONG and USDT prize pools. Don't forget to sign up on the campaign landing page to start accumulating your score. Without registration, your score won't be counted.
7. The Fee Structure Revamp on ApeX Omni
Next up, we made some changes to the fee structure on ApeX Omni to improve liquidity and tighten spreads!
Based on user feedback, we've introduced a tiered fee system based on a trader's 30-day trading volume.
Accounts with a taker order trading volume of 500,000 USDT or less in the past 30 days will now pay reduced fees of 2.5 bps for takers and 0 bps for makers. This is a 64.29% reduction in trading fees from the standard taker fee of 5 bps and a maker fee of 2 bps.
Meanwhile, accounts with over 500,000 USDT in volume will pay 5 bps for takers and 0 bps for makers, a 28.57% discount on the standard fees.
This promotional fee structure will be in effect until September 15, 2024, after which the standard fees of 5 bps taker and 2 bps maker will apply. Remember, ApeX Omni charges no gas fees for trades.
By implementing this new fee structure, we aim to increase liquidity and ensure tighter spreads, while creating a more balanced and fair trading environment for all users. Should you need a refresher on the maker-taker fee model on ApeX Omni, head to our Gitbook page. Meanwhile, for more details on the upgraded fee structure, check out our announcement blog.
8. Now Featuring 30 USDT Markets on Apex Omni
July has been a listing bonanza!
We've expanded our perpetual contract offerings on ApeX Omni, now featuring a total of 30 USDT markets. Our most recently added pairs include XRP-USDT, SUI-USDT, BCH-USDT, LTC-USDT, MATIC-USDT, ARB-USDT, OP-USDT, WLD-USDT, LINK-USDT, and 1000SHIB-USDT, all available at up to 50x leverage. Head to our Gitbook page view contract specifications for all the pairs available.
We have plans to support over 50 trading pairs in the coming weeks. Stay tuned to our social channels and ApeX Blog for more updates!
9. Amp Up Your Banana Count with Kong's Social Safari
Another standout moment this month was the launch of Kong's Social Safari — your gateway to boosting your daily banana count in Feed the Kong Frenzy and maximizing your share in the upcoming KONG airdrop!
Kong's Social Safari is designed to help you climb the ranks in our free Tap2Earn game and is yet another free way to increase your daily banana count and maximize your airdrop share.
Here's a quick summary of the tasks:
One-time social tasks: Earn up to 8,000 🍌s by following ApeX and Kong social media channels.
Limited-time social tasks: Earn up to 1,000 🍌s via weekly social media challenges.
Referrals: Earn over 100,000 🍌s by inviting friends to play.
ApeX Social check-ins: Earn 2,000 🍌s and ApeX Social Points (ASPs) with daily consecutive check-ins.
Remember, the more tasks you complete, the higher your banana score, and the bigger your slice of the meme token airdrop with 1% of the total token supply, specifically reserved for Feed the Kong Frenzy participants.
In addition, we've also increased the maximum feeding count — you can now feed adult Kong up to 10,000 bananas every 8 hours, giving you more opportunities to enhance your score and climb the ranks! We've also implemented anti-sybil features to ban bot users and keep the game fair for all legitimate players.
And don't forget, Feed the Kong Frenzy is now available on the ApeX mobile apps, so get ahead and enjoy the game on the go! Help Kong grow by feeding him bananas anytime, anywhere — boosting your leaderboard position as you aim for a bigger share of our upcoming token airdrop.
So, what are you waiting for? Dive in and start boosting your banana count today!
Should you need more details of Kong's Social Safari, check out our blog.
10. Support for Solana Wallets on Feed the Kong Frenzy
Feed the Kong Frenzy players — we have some exciting updates for you! We're approaching the highly anticipated KONG token public sale and launch on Solana and have now expanded wallet compatibility to include Solana wallets, in addition to the existing EVM ones. This makes it easier than ever to play and claim your share of the upcoming KONG airdrop!
Here’s what you need to know:
Solana Wallet Users: You can now join the game using your Solana wallets and participate in the massive 1,000,000,000 KONG airdrop.
EVM Wallet Users: Continue using your EVM wallet to play, but be sure to provide a Solana wallet address to receive your airdrop. Look out for a notification on your screen prompting you to input your Solana address to secure your reward.
Need a refresher on getting started with Feed the Kong Frenzy? It's simple! Connect your wallet to ApeX, feed baby Kong daily to qualify for the KONG airdrop (which totals 1% of the token supply).
Stay tuned for more updates on Kong the Bananator and details on the public sale that are coming your way soon. Should you need more information on extended wallet support for Solana, head to our blog. For further information on the KONG airdrop, visit our FAQ blog.
11. $APEX Quarterly Supply Reduction
Another highlight this month — $APEX supply reduction. We've completed our third quarterly token burn, reducing the total supply of $APEX to 600,000,000 tokens! This month's burn marks yet another milestone in our effort to revamp $APEX tokenomics, as we've burned another 10% of the total token supply.
As part of our roadmap, we're systematically cutting the total token supply by 50%, from 1 billion to 500 million $APEX. This process started on January 18, 2024, with our first burn reducing the supply to 850,000,000 $APEX. Our second burn on April 5, 2024, further decreased the total to 700,000,000 $APEX.
These strategic burns are designed to better align $APEX tokenomics with our project's overall value, benefiting our dedicated community and token holders. Stay tuned for the final burn in the upcoming quarter that will bring the supply of $APEX to 500 million.
Should you need more details of the latest token supply reduction, head to our blog. For all the details about the $APEX tokenomics revamp strategy, head to this announcement blog. Finally, for a comprehensive overview of the $APEX token supply distribution and tokenomics, check out this blog.
Coming Soon
12. KONG Token Launches — Gear Up with our Comprehensive FAQs
The highly anticipated KONG meme token is almost here, and the public sale and the token generation event (TGE) is just around the corner! As we prepare for the KONG launch, we're excited to share all the essential details to help you participate in the public sale and secure your spot in the airdrop.
To get you up to speed, we've put together a detailed FAQ that covers everything you need to know about KONG, including:
Tokenomics: Learn about the allocation and economic model of KONG.
Public Sale: Find out how to participate and secure your KONG tokens.
Airdrop Eligibility: Check the criteria and how the airdrop will be distributed.
Roadmap and Future Developments: Get insights into what's next for KONG.
Head over to our blog to access the full KONG FAQ and prepare yourself for the highly anticipated launch. This is your chance to be part of the KONG community from the very beginning, so stay tuned for more updates as we count down to KONG TGE!
July has been an eventful month for ApeX, with numerous exciting developments and initiatives. We've been working hard to enhance our offerings and better serve your needs.
Looking ahead, August promises to be just as thrilling, with the KONG token launch on the horizon. We deeply appreciate the continued support from our amazing community! Stay updated by following our social channels and checking the ApeX Blog for the latest details.
And, as always, keep your feedback coming through ApeX Discord channel or via our feedback form.
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