ApeXers, as we sail through the first week of April, we're excited to bring you some of the latest updates. Let's dive in.
1. $APEX Supply Reduced to 700M Tokens!
One highlight of this week was the completion of the 2nd tranche of the $APEX governance token supply reduction plan, bringing the total supply to 700 million tokens.
This is part of our initiative to revamp $APEX tokenomics and reduce the token supply by 50% by the end of the year, from 1 billion $APEX to 500 million tokens, with the main objective to better align the value of the token with that of the protocol. There are two stages remaining to complete the 50% reduction, which will be executed in the first weeks of the consecutive quarters. For more details on this initiative, please refer to our strategy announcement blog.
2. ApeX Grid Bot Showdown
In case you missed it, we're in the last week of the ApeX Grid Showdown trading competition. Automate your trading strategy with ApeX Grid Bot and fight for a share of the 10,000 USDT prize pool.
In the final challenge of the competition, we're shining the spotlight on P&L(%), with the top 100 traders scoring the highest P&L(%) bagging sweet rewards! Don't miss out, learn more about the campaign here and join now.
What's more, in case you did not know, every trade executed by ApeX Grid Bot brings you extra rewards with negative 0.002% fees. This means that on every supported trading pair, you will not only be exempt from paying trading fees but will also receive a 0.002% maker fee rebate. Activate your ApeX Grid Bot now and get started.
3. Staking 3.0 Migration Complete
We've successfully completed our migration to Staking 3.0.
If you haven't unstaked and restaked your tokens yet, please do so promptly. The time factor of Staking 2.0 has now reached 0, and staked tokens will no longer generate weekly rewards.
Don't miss out on the chance to maximize your earnings with ApeX Staking 3.0. Lock in your $APEX or $esAPEX tokens for flexible terms and enjoy amplified APY. Choose from terms of 3 months, 6 months, 12 months, or even 24 months. Remember, the longer you commit, the greater your rewards! Need a refresher? Check out our blog. For details on reward calculation, refer to our Gitbook.
If you're new to Staking on ApeX, join Staking 3.0 and start earning your share of ApeX Protocol's revenue generated from trading fees on ApeX Pro, with over 13 million $APEX already staked.
4. Dutch Language Support Now Available on ApeX
ApeX is spreading its wings further! Our mainnet and blog now support the Dutch language. This update ensures our Dutch-speaking community can easily navigate the platform, trade seamlessly, and stay up-to-date with the latest ApeX news — all in their native language. Join us as we continue to grow and expand our reach globally.
Coming Soon
1. ApeX Mobile App Optimization for Improved User Experience
We're updating our app to version 1.26.3, which will become available for you to download in the coming days! We've made some modifications to improve your experience, and here's a sneak peek at what's coming:
ApeX Grid Bot Display Changes: We've optimized the display by changing "Unrealized P&L" to "Total Earnings." This provides a clearer estimate of your potential earnings when you activate ApeX Grid Bot.
BSC Chain Update: We heard your feedback and addressed a bug that incorrectly displayed your account balance when making a deposit to ApeX via the BSC chain.
Optimized ETH-USDT Deposits: Additionally, we addressed an issue with failed deposits of USDT experienced by some users. Certain wallets were not authorizing the transactions, causing inconvenience. To mitigate this, we've made refinements to USDT deposits on Eth, aimed at reducing issues for affected wallets.
April is set to be a bustling month with numerous thrilling changes on the horizon for you!
Stay tuned to all our official channels for the latest updates. We value your feedback, so join the conversation on ApeX Discord channel or share your experiences on this form.
Happy Trading!