ApeXers, the action is heating up across the board with exciting campaigns, rewards for everyone, and major updates on the horizon!
Whether you're battling for the top spot in the ApeX Grid-Tastic P&L(%) Battle, migrating your USDT to Omni for exclusive bonuses, or celebrating our latest $APEX token burn and the upcoming Buy-Back and Share Program (BBS), there's something for everyone this week.
With only 1 day left in Grid-Tastic Battle, the clock is ticking for your chance to claim a share of up to 20,000 USDT prize pool. Meanwhile, don't miss out on Phase 2 of the ApeX Omni Migration Boost, our latest supply reduction milestone for $APEX, upcoming BBS Program and the ongoing Omni Deposit Boost.
Here's a closer look at all the highlights!
1. Tranche 4 of $APEX Quarterly Supply Reduction
We are pleased to announce the successful completion of our final token burn, marking a significant step in our efforts to enhance the tokenomics of $APEX.
In this quarterly burn, we have burned 10% of the total token supply, reducing it to 500,000,000 $APEX. This achievement fulfills our goal outlined in the roadmap to systematically decrease the total supply by 50%, from 1 billion to 500 million $APEX.
By implementing token burns to reduce the total supply of $APEX, we've enhanced the intrinsic value of our native token, in line with our long-term vision of maximizing benefits for our dedicated community. Explore further details on the 4th tranche of the $APEX token burn in our blog.
2. ApeX Buy-Back & Share Program: Coming Soon
Another exciting update this week is the introduction of our upcoming Buy-Back & Share Program (BBS)—a new initiative from ApeX Protocol that empowers token holders to grow their $APEX holdings by sharing in the platform’s success. As part of this program, we’ve already begun buying back $APEX from the market, with the first week seeing the acquisition of 22,900 $APEX through a TWAP swap.
More buybacks are planned in the coming weeks, leading up to the program’s official launch in November. The BBS program is designed to create sustained buying pressure in the market through consistent buybacks, while helping participants in the BBS pool accumulate tokens over time — starting with $APEX and expanding to stablecoins in the future. Keep an eye on our official channels for more updates about the upcoming launch. In the meantime, check out our blog to learn how to prepare for it.
3. T-1 Day Left in ApeX Grid-Tastic P&L (%) Battle
ApeX Grid-Tastic P&L(%) Battle is well underway, and we've already recorded over $10 million in total trading volume. With only 1 day left in this fiery battle, it's not too late to join in!
Here's how it works: the top 15 traders with the highest P&L(%) will share from a prize pool of up to 20,000 USDT! But if you don’t make the top 15, don't worry—we have an additional bonus pool of up to 1,000 USDT for all traders who achieve a positive P&L(%) and record a trading volume exceeding 10,000 USDT with ApeX Grid Bot! Don't forget, you'll additionally be earning from negative 0.002% fees on every trade you execute with ApeX Grid Bot.
So, get started by deploying ApeX Grid Bot and join the battle for your chance to climb to the top! For more information about this campaign, check out our blog. If you need a refresher on the ApeX Grid Bot on ApeX Omni, be sure to read our introductory blog.
4. Get Started with Phase 2 of ApeX Omni Migration Boost
ApeXers, please note that as of October 30, 2024, 10AM UTC, we will be taking ApeX Pro USDT markets and related services offline, finalizing our migration of all existing USDT trading pairs to ApeX Omni.
It's not too late to join in the migration campaign and reap the rewards! Get started by moving your USDT assets from ApeX Pro to ApeX Omni:
Migrate over 500 USDT to receive a Rare Mystery Box on ApeX Social with 4,000 boxes up for grabs, distributed on a first-come, first-served basis.
Migrate over 1,000 USDT to receive an additional 20 USDT Bonus, available to the first 1,000 qualifying users.
Check out our blog for all the details on this campaign and how you can get started!
5. ApeX Omni Deposit Boost in Full Swing
ApeX Omni Deposit Boost is in full swing, with the deposit amount nearing the $2 million benchmark.
Join now before the final spots run out! Make sure your deposits exceed 1,000 USDT and your trading volume surpasses 30,000 USDT to qualify for rewards. You can make a deposit from any of our 5 supported chains or utilize our one-click migration feature to seamlessly transfer your USDT assets from ApeX Pro to Omni, boosting your net deposits in both this campaign as well as Migration Boost!
Meanwhile, if you've already made a deposit, make sure to maintain your funds in your account to secure 35% APR in MNT tokens. Should you need more details, head to our blog.
With many exciting developments on the horizon, be sure to stay tuned to our blog for all the upcoming news.
We value your feedback, so join the conversation on ApeX Discord channel or share your experiences/requests/insights on this form.
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