As we approach the end of August, we're thrilled to bring you a series of exciting updates! We're in the final stretch of Omni Showdown, launched new USDT trading pairs and made enhancements to the ApeX Staking program.
We're also excited to share more about the upcoming product launches on Omni like ApeX Vaults and Spot Swap as well as more details about the highly anticipated launch of the KONG token. So whether you're a seasoned ApeXers or just getting started, this week's updates are packed with information that you don't want to miss.
Let's dive in.
1. The Final Stretch of Omni Showdown — Trade NOW to grab a Mystery Box and 10 ASPs on ApeX Social
ApeXers, we're on the final stretch of Omni Showdown, and we've ramped up the excitement! If you sign up and make a trade by August 29, 2024, at 10AM UTC, you'll receive not just one mystery box, but also 10 ApeX Social Points (ASPs). Act fast, as there are only 2,500 mystery boxes available that will be distributed on a first-come, first-served basis.
The most exciting aspect of this campaign is that all contestants will receive a share of the KONG token pool with 5% of KONG tokens allocated for all registrants. Meanwhile, the remaining 95% of tokens will be distributed proportionally based on the participants' final scores, rewarding our most skilled and active traders. In addition, the top 50 traders will split a 50,000 USDT prize pool!
Should you need a refresher, your final score in the Omni Showdown is calculated based on 4 factors: your deposits, your trading volume (this includes trades made using ApeX Grid Bot), your profits (positive P&L%), and referrals. We've designed this system to reward various aspects of trading prowess, giving everyone a fair shot at the prizes. So, whether you're a seasoned trader or just starting out, there's ample opportunity to be rewarded for your efforts. If you haven't joined the Omni Showdown yet, now is the perfect time to jump in!
Don't miss out on the chance to make your mark, climb the leaderboard, and walk away with valuable rewards. Should you need more details about the addition of mystery boxes to the campaign and the new extended timeline, visit this blog. For more details about Omni Showdown, check out this blog.
2. Six New USDT Markets
We're excited to announce the expansion of our perpetual contract offerings on ApeX Omni. We've newly listed CRV-USDT, TRX-USDT, SUNDOG-USDT, MKR-USDT, BNB-USDT, and POPCAT-USDT, all available with up to 50x leverage. The addition of these 6 new markets brings our total to 46 trading pairs.
As an added bonus, if you trade TRX or SUNDOG by August 30, 2024 and achieve the highest trading volume, you can lay claim on a complimentary mystery box from a pool of 25 boxes. To qualify for this giveaway, you'll need a minimum trading volume of $10,000. For all the details about the new listings and this exciting giveaway, check out our announcement post. To view the new contract specifications, head over to our Gitbook page.
Remember, trading any perpetual contract on ApeX Omni contributes to your score in Omni Showdown and also earns you a mystery box filled with exciting crypto and real-world treasures. So gear up and start trading to climb the ranks and see what rewards await!
3. UID Display and Total Asset Display Available on both ApeX Pro and ApeX Omni
Next up, we've enhanced both the ApeX Omni and ApeX Pro website interfaces to display both your user identification (UID) and total equity on the navigation bar, offering you with a clear overview of your portfolio at ease.
4. ApeX Staking Program Updated With Minimum Time Factor Introduced
We've also made enhancements to the ApeX Staking Program, directly addressing the valuable feedback we've received from our community. In our ongoing commitment to provide an enhanced experience for all our users, we're introducing key changes to both Staking 2.0 and Staking 3.0.
The crux of these updates is the implementation of a minimum time factor, ensuring continous rewards for long-term stakers. For Staking 3.0 participants, once your staking period comes to an end, your time factor will uniformly be set to the new minimum value of 0.05. Likewise, for Staking 2.0 participants, the minimum value for your time factor will also be adjusted to 0.05.
This modification aims to provide a more stable and rewarding experience, in case you are not actively managing your staking positions. However, do take note that restaking your tokens to an active staking position will ensure you claim a bigger allocation of our revenue, so make sure to update your positions once you get the opportunity. For more details on these updates, head to this blog. Should you need a refresher on Staking 3.0, refer to this blog.
If you have yet to join the ApeX Staking Program, there's still time to participate and secure your share of the upcoming KONG airdrop with 6% of total supply dedicated to active stakers!
5. Black Myth Wukong RWT and Black Kong Avatar Available Now on ApeX Social
This week, we've introduced a new Real World Treasure (RWT) that's sure to get hearts racing– 10 digital copies of the highly anticipated game Black Myth: Wukong, are now up for grabs in our mystery boxes on ApeX Social! Inspired by Chinese mythology, the game has generated buzz for its stunning visuals and innovative gameplay.
But that's not all – we're also giving your digital identity a makeover! For the next 2 months, all new users on ApeX Social can claim an exclusive, limited-edition black Kong Soul Bound Token (SBT) avatar.
So whether you're aiming to snag a copy of Black Myth: Wukong or looking to stand out with this exclusive avatar, now's the time to dive into ApeX Social. Don't miss this double opportunity—join now to potentially win this RWT and claim your unique avatar!
To get started, connect to ApeX Omni and mint your ApeSoul. As a new ApeXer, you can claim your free Welcome Box to get things started. Afterwards, simply start earning points for trading, referring and/or checking-in, and use these points to unlock our exciting rewards on ApeX Social, including Wukong copies.
Should you need more details on this rollout, visit our blog. Meanwhile, for a full rundown of all the exciting prizes currently available on ApeX Social, check out this announcement.
6. Omni Roadmap Unveiled
ApeXers, as we look ahead, we're excited to announce that this week we've officially published our ambitious roadmap for the coming months! Get ready for a game-changing lineup of new product lines and features designed to elevate your experience on ApeX Omni. From expanding our market offerings on Omni Perps to launching ApeX Vaults and Omni Spot Swap, every update in our pipeline is focused on enhancing your overall experience on ApeX. Ready to see what’s next? Dive into this blog for a peek at the key updates in coming quarters.
Coming Soon
7. ApeX Vaults
We are thrilled to announce the upcoming launch of ApeX Vaults, a gateway to high-impact trading opportunities. This product will allow skilled traders to monetize their expertise while enabling investors to access professional trading strategies for passive income.
In the initial phase, pre-selected traders will use seed capital provided by the protocol to showcase their skills, build a loyal following, and manage vaults. Should you need a refresher on how Vaults work, head to this helpful blog. As always, stay tuned for more details!
8. Delisting 8 Markets on ApeX Pro
ApeXers, please be informed that the following trading pairs will be delisted on ApeX Pro: (1) SEI-USDT, (2) STX-USDT, (3) PYTH-USDT, (4) PENDLE-USDT, (5) ICP-USDT, (6) SUI-USDT, (7) MATIC-USDT, and (8) ENS-USDT.
Here's a detailed timeline of the delistings:
On September 6, 2024 at 9AM UTC — We will cease support for creating new positions with 1) SEI-USDT, (2) STX-USDT, (3) PYTH-USDT, (4) PENDLE-USDT pairs.
On September 13, 2024 at 9AM UTC — We will officially delist ICP-USDT, (6) SUI-USDT, (7) MATIC-USDT; and (8) ENS-USDT from ApeX Pro.
We encourage all traders currently holding positions in these pairs to plan accordingly and adjust their trades before the dates outlined above. Check out our announcement on the ApeX Discord channel or our announcement on Telegram for more details. For all the specifications of contracts that we do support on ApeX Omni and ApeX Pro, head to our Gitbook page.
With the Omni Showdown nearing its final days, now is the perfect time to jump in, earn rewards, and secure your share of the prize pool! Meanwhile, don't miss out on ApeX Social — grab a digital copy of the highly anticipated game Black Myth: Wukong that can be found in mystery boxes. New ApeXers can also claim a limited-edition Black Kong SBT avatar to personalize their digital presence! And don't forget to continue staking to benefit from stable weekly rewards in USDC and secure your share of the upcoming $KONG token airdrop, with 6% of the total supply reserved for active stakers.
We value your ongoing support and would love to hear your feedback. Share your thoughts with us on the ApeX Discord channel or via the following feedback form.
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