hot
hot

APEX BLOG

Stay at the forefront of decentralization
with regular ApeX Pro news, deals and research.


    AllAnnouncementsPlatform Updates

    USDT Perpetual Contracts Now Live with 5,000 USDT Bonus and Negative Market Maker Fees!

    Nov 15, 2023

    Order Book

    DEX

    Apex

    banner

    We are thrilled to announce a significant development that marks a new chapter for ApeX Pro on the cusp of its 1-year anniversary: the launch of USDT perpetual contracts in beta mode!

    USDT has been one of the dominant stablecoins on the market, accounting for an impressive 69.45% market share as of November 15, 2023. With this step, we are providing our traders with a new set of trading options, following our mission to diversify the platform offerings.

    Trade with Confidence: BTC-USDT Pair with 50x Leverage

    Our USDT contracts will kick off with the BTC-USDT trading pair, providing you with an opportunity to trade with up to 50x leverage. This means greater flexibility, enhanced profit potential, and diversified trading strategies. But that's just the beginning, as we will be adding more contract listings in the near future.

    Join the USDT Beta Bounty Event

    To further enhance our trading platform, we're launching the 5,000 USDT Beta Bounty event the initiative that aims to reward you for testing our USDT contracts, providing valuable feedback, and contributing to establishing a secure and optimal trading experience on ApeX Pro. Your insights are invaluable, and we want to recognize your role in helping us create a top-tier DEX.

    How to Join?

    Between Nov 15, 2023, 12PM UTC and November 29, 2023, 12PM UTC, simply test our new USDT perpetual contracts with at least 3 transactions, submitting valuable feedback or bug reports through a Google Form, including your wallet address and optionally, your Discord username.

    The more transactions you make, the higher your potential reward, with 3 transactions unlocking 5 USDT, 6 transactions yielding 15 USDT, and 9 transactions granting an impressive 25 USDT. To maximize your rewards, provide detailed, specific, and actionable feedback!

    Our team will review your submissions, and eligible participants will receive rewards in the form of trading bonuses. Moreover, users who provide their Discord handle will gain access to the ApeX Secret Army group on our official ApeX Discord server, offering exclusive benefits, including early access to alpha leaks and the opportunity to test new products in the Testnet environment.

    Introducing the USDT Market Maker Incentive Plan

    As part of this launch, we are also introducing he USDT Market Maker Incentive Plan, which provides participants with a negative maker fee rate of -1.2 basis points during the initial 120 days. Following this initial phase, participants have the opportunity to access long-term incentives of up to -1.1 basis points, depending on their trading volume. Learn more details about this incentive plan in our blog post.

    The introduction of USDT perpetual contracts at ApeX is a testament to our dedication to providing the best possible trading experience for you. Join us as we continue to lead the way in the DeFi space, setting new standards and exploring exciting possibilities in the world of crypto trading.

    Stay tuned for more updates, and be sure to explore our new USDT perpetual contracts on ApeX Pro.

    Happy trading!


    Terms and Conditions

    1. The USDT Beta Bounty Event will be available between Nov 15, 2023, 12PM UTC and November 29, 2023, 12PM UTC.

    2. Users must meet the minimum requirements to be eligible for the rewards.

    3. Users can submit their feedback through a Google Form attached to this blog where they fill out a short survey.

    4. Feedback will be reviewed by the ApeX team, and users will be assigned to one of the three tiers based on the quality of their feedback, as outlined on the table above.

    5. Bonuses will be distributed to eligible users based on the tier they fall into and will become available to eligible participants 10 working days after the evaluation process.

    6. The claiming period for rewards will last for 14 days after the announcement of the winners.

      1. The collection of bonuses is time-sensitive. After the claim period for a bonus ends, users will not be able to collect them anymore. Upon claiming, bonuses will typically be transferred to users' accounts within 5 minutes, depending on the on-chain transfer speed.

      2. Bonuses from this event can be used as trading margin, to offset trading losses and fees for trading any available contracts on ApeX. Bonuses can not be withdrawn. Bonuses will be forfeited if a user initiates a withdrawal from ApeX. While bonuses can not be withdrawn, the profits gained from trading with the bonus can be withdrawn. If you initiate a withdrawal of funds from the account before the bonus is used, the unused portion of the bonus will be recalled.

    7. The announcement of winners will take place on ApeX's official Discord channel.

    8. ApeX reserves the right to disqualify any participants who engage in dishonest or abusive activities during the event, including bulk-account registrations to farm additional bonuses and any other activities in connection with unlawful, fraudulent or harmful purposes.

    9. ApeX reserves the right to modify the terms of this event without notifying users in advance.

    10. ApeX reserves the right to final interpretation of this event. If you have any questions, please contact us via our Discord channel.