Looking back on the events of March, it's been a thrilling month for us at ApeX! From the highly anticipated launch of the ApeX Grid Bot to the introduction of Staking 3.0, the APEX-ETH vault on Camelot, and numerous other exciting developments, it's been a month filled with memorable milestones!
Let's dive into the key highlights:
1. ApeX Grid Bot Launches with 0.002% Negative Fees & 10,000 USDT Prize Pool
One of March's standout events has been the introduction of ApeX Grid Bot — streamline your trades and seize market opportunities effortlessly with ApeX Grid Bot. Catered for experienced and novice traders alike, the bot is available on all USDT and USDC perpetual contracts on ApeX, offering users the chance to choose between neutral and one-sided bots. If you need a refresher on trading bots, check out our blog and if you need a quick reminder on Grid Bots, read the following guide.
To celebrate this milestone, we launched the exciting ApeX Grid Showdown — a competition that offers you a chance to claim a share of a 10,000 USDT prize pool with 3 different challenges, alongside the negative 0.002% maker fees on each trade. In the 1st tier of the challenge, simple deployment of the bot rewards you with a 10 USDT bonus. In the High Volume Pool event, we're calling traders to compete for the highest trading volume to share a prize pool of 5,000 USDT, while the final Top P&L % Pool challenge gives you the chance to showcase your trading prowess and compete for the highest P&L% to share a prize pool of 2,500 USDT! Learn more about the event in our blog and activate ApeX Grid Bot to join in the fun!
2. Staking 3.0
Another thrilling highlight of March was the debut of Staking 3.0, an enhanced iteration of our existing revenue-sharing program. With Staking 3.0, users have the option to select from 4 lock-up periods, ranging from 3 to 24 months to lock-up $APEX and $esAPEX tokens for higher APY!
The introduction of this feature into our Staking Program is aimed at boosting yield, as well as the overall stability and value of the $APEX token, essential for the sustained growth of the project.
If you have not joined our Staking Program yet, explore more about Staking 3.0 in our blog post and get started with sharing ApeX's revenues on a weekly basis in USDC.
3. APEX-ETH Vault on Camelot
Another standout moment this month was our collaboration with Camelot, the Arbitrum native DEX, marking a crucial step in our roadmap to provide added value to our token holders. With the establishment of the APEX-ETH vault, we've opened up new avenues for you to diversify your earnings. Add liquidity to the APEX-ETH pool to receive $GRAIL farming rewards in addition to your share of swap fees! Moreover, participate in the APEX-ETH Nitro pool to earn extra rewards in $ARB. In addition, if you're a liquidity provider on Camelot and are also participating in the ApeX Staking Program, coming soon you'll see a boost in your weekly staking rewards in $USDC. For more details on how this works, check out our blog.
4. Binance Futures NEXT: Vote to Share 100,000 $APEX
In case you missed it, this month $APEX was nominated for Binance Futures NEXT, an initiative by Binance that allows users to be rewarded for accurately forecasting tokens that will be listed on Binance Futures USD(S)-M. Thanks to your support and confidence in $APEX, we rose the ranks and are now in 8th place on the leaderboard out of 72 nominated tokens!
To celebrate this and express our gratitude towards our community members, we rolled out ApeX to the Top — a campaign where demonstrating your support earns you a share of the prize pool of 100,000 $APEX (valued at $338,000 at the time of writing).
If you haven't already participated, it's not too late, vote for $APEX on Binance Futures NEXT and secure your share of the prize pool if $APEX successfully gets listed on Binance Futures. Dive into our blog for all the details and join the event here.
5. ApeX Bot: Enhancements & Feature Updates
Another memorable milestone this month was a series of upgrades to ApeX Bot, our pioneering L2 DEX bot on Telegram. Since its launch in October 2023, ApeX Bot has offered ApeXers a seamless trading experience within the Telegram messenger platform, ensuring both security and user-friendliness.
With the latest updates, ApeX Bot now offers you a wider range of trading pairs with support for 41+ USDC and USDT markets, enhanced order flexibility, a more intuitive user interface, complete with Command Magic and an improved referral management system.
For more details about the latest enhancements, check out our blog. For a detailed guide on how to set up and use ApeX Bot, as well as the benefits and usage of Command Magic, please visit our GitBook page.
6. Five NEW USDT Markets
This month saw the listing of 5 popular USDT markets on our platform as requested by our community: SOL-USDT, SUI-USDT, STRK-USDT, MATIC-USDT, and LINK-USDT, at 25x leverage. These new listings bring our total offering to 46 trading pairs, with 24 USDT and 22 USDC markets to choose from!
Remember, trading any USDT perpetual contracts on ApeX Pro qualifies you for $BANANA trading rewards, distributed bi-weekly as part of our year-long Trade-to-Earn program. For a refresher on how T2E works, check out our blog.
Coming Soon
Lastly, here are a couple of things we announced in March that we're gearing up for in the upcoming months:
1. ApeX Fusion
This month, we also announced our partnership with Elixir, a decentralized DPoS network that offers secure algorithmic market-making. Together, we're launching ApeX Fusion, a decentralized market-making pool on Elixir. Our goal is to boost liquidity on ApeX order books while rewarding community members who participate in retail liquidity provisions with competitive APYs and attractive rewards.
By contributing liquidity to ApeX Fusion, funds are algorithmically distributed across ApeX order books. Upon launch, participants will have the opportunity to claim USDC on a weekly basis. All trading profits generated on ApeX Fusion will be distributed directly to users, with Elixir taking zero fees.
Stay tuned for more details on this exciting collaboration as well as future partnerships, as we strive to uphold our promise of offering a variety of earning opportunities for the ApeX community.
2. Upcoming $APEX Token Burn
As we forge ahead in our mission to revamp the tokenomics of $APEX, we're gearing up for our next token burn event this week! In case you missed it, we're strategically reducing the total token supply of $APEX to a targeted 500 million, with the goal of increasing token scarcity and overall value. In January of this year, we successfully burned a portion of tokens, bringing the current supply to 850 million $APEX.
This week, the 2nd token burn event will be executed to further reduce the circulating supply of $APEX. We'll share the transaction details and all the details shortly, so stay tuned!
3. ApeSoul X Social Trading
Finally, we also announced our eagerly anticipated plans to harness the power of soulbound tokens (SBTs) to introduce a decentralized social trading framework on ApeX with ApeSoul.
ApeX's native SBTs, ApeSouls, will play a crucial role in enabling the development of decentralized social trading in Web3. They will enable the assessment of users' trading performance and reputation, eliminating the necessity for traditional identity verification methods and procedures employed by centralized entities.
Moreover, the incorporation of SBTs on ApeX will empower users to earn ApeX Points, which can be utilized to unlock mystery boxes containing various prizes, including token airdrops and a diverse array of crypto and non-crypto rewards.
Stay tuned for more details!
March has been eventful at ApeX, marked by exciting launches, strategic enhancements and significant milestones. We're looking forward to sharing more details in the coming weeks on the upcoming $APEX burn, the inception of ApeSoul, social trading and ApeX Fusion. Keep an eye on the ApeX blog for all the latest updates.
We're eagerly looking forward to what April has in store and are excited to continue on this journey with you. Here's to another month of success at ApeX!