ApeXers, we kicked things off with our revamped $APEX tokenomics, designed to enhance the ApeX ecosystem through a deflationary mechanism. This week also featured 3 ongoing campaigns on ApeX Omni, along with some usual product enhancements.
First up, we've launched the ApeX Grid-Tastic P&L (%) Battle on ApeX Omni, where you can win a share of 20,000 USDT in bonuses and enjoy negative 0.002% fees with the ApeX Grid Bot! Plus, the ApeX Omni Deposit Boost offers up to 35% on deposits, and with the ApeX Migration Boost, you can earn a 20 USDT bonus and a Mystery Box on ApeX Social when you move your USDT from Pro to Omni! Jump in for all the details!
1. $APEX Tokenomics Update
This week, we unveiled a series of strategic tokenomics updates to strengthen our market positioning and boost the value of $APEX, our native token. First off, we officially deployed the esAPEX12 strategic solution, an innovative mechanism $APEX token unlocks for core team members and early investors to address concerns such as price volatility, market fluctuations and inflation, that are often associated with pre-sale token releases.
Next up, we announced our upcoming plans on introducing a brand new Buy-Back and Share Program. This initiative focuses on buying and distributing $APEX tokens as rewards to the program participants, creating a constant buying pressure in the secondary market while allowing longer term participants to amass $APEX tokens and increase their holdings over a limited time.
Finally, we also shared that further down the line in Q4 of 2024, we plan to use $APEX as a trading fee token on ApeX Omni. Here's how it works: Traders on ApeX Omni can use $APEX to offset trading fees and enjoy discounts. Meanwhile, the tokens collected from trading fees will be burned, decreasing the total supply and enhancing value.
In conclusion, with controlled token releases, strategic buybacks and a deflationary model, we're set to develop a robust tokenomics framework to boost the value of $APEX and benefit stakeholders. Should you need more details on these key updates to the tokenomics of $APEX, head to our blog.
2. Compete in ApeX Grid-Tastic P&L (%) Battle — 20,000 USDT in Rewards Await
ApeX GridTastic P&L (%) Battle kicked off this week! Our first-ever grid bot trading competition on ApeX Omni, this 3-week extravaganza offers you the chance to showcase your trading skills and secure a share of 20,000 USDT in trading bonuses on ApeX Omni, while enjoying negative 0.002% fees on every trade!
The top 15 traders with the highest P&L(%) will be scoring rewards from the pool of up to 20,000 USDT in trading bonuses! But that's not all! Even if you don't make it into the top 15, we have supplementary USDT trading bonus pool of up to 1,000 USDT for all remaining traders that record a positive P&L(%) and rack up a trading volume of more than 10,000 USDT with ApeX Grid Bot!
So whether you're an experienced grid trader or just starting your journey, this is your opportunity to shine. Fine-tune your strategies, race to the top, and may the grids align in your favor! For more details on this battle, head to our blog. If you need a refresher on the debut of ApeX Grid Bot on ApeX Omni, check out our blog.
3. Transfer USDT assets from Pro to Omni with One-Click Migration to Earn Rewards
ApeXers, we're in the process of transitioning USDT markets from ApeX Pro to ApeX Omni. On October 30, 2024, ApeX Pro USDT markets and related services will be taken offline and all existing trading pairs and ongoing Trade-to-Earn activities will migrate to ApeX Omni.
To ensure a smooth migration, utilize our one-click migration feature to transfer your USDT assets from Pro to Omni at no cost! Plus, by migrating, unlock additional rewards with our 2 ongoing campaigns. Migrate to enhance your net deposits in ApeX Omni Deposit Boost and earn a 35% APR in MNT tokens. Moreover, receive a mystery box and 20 USDT with ApeX Omni Migration Boost.
Take advantage of this triple reward opportunity by migrating your USDT assets to ApeX Omni now! Enjoy a seamless, non-custodial DEX trading experience and earn exciting rewards along the way! Should you need more details on one-click migration, check out our blog. For detailed specifications of the perpetual contracts that are supported on ApeX Omni, head to our Gitbook page.
4. ApeX Omni Deposit Boost in Full Swing
ApeX Omni Deposit Boost is in full swing — seize the opportunity to earn up to 35% APR on your net effective deposits in MNT!
To participate, simply register on the campaign landing page and to qualify for rewards, make sure to contribute to the first $2 million in total deposits! Rewards are calculated based on your net deposits on ApeX Omni, taking into account both deposits and withdrawals, and are weighted based on the duration in which your assets remain in your account.
Boost your deposits with one-click migration, which allows you to transfer assets from your ApeX Pro account to ApeX Omni seamlessly. For more details, visit our campaign blog.
Don't miss out on this opportunity to earn 35% APR in MNT tokens, simply by making a deposit on ApeX Omni!
5. ApeX Migration Boost — Migrate your USDT for a 20 USDT Bonus and a Mystery Box on ApeX Social
The ApeX Omni Migration Boost is officially underway! Rewarding you for migrating your USDT assets from Pro to Omni ahead of the full transition of our USDT markets to Omni on October 30, 2024, this campaign gives you the opportunity to earn a 20 USDT bonus as well as a complimentary Mystery Box on ApeX Social from a pool of 4,000 boxes!
Users that migrate over 500 USDT, will receive a free Rare Mystery Box on ApeX Social, with a total of 4,000 boxes available on a first-come, first-served basis. Meanwhile, users that migrate over 1,000 USDT will receive an additional 20 USDT Bonus, available to the first 1,000 qualifying users, on a first-come, first-served basis. Check out our helpful tutorial video to guide you through the process.
What's more, with ApeX Omni Deposit Boost in full swing, when you migrate your assets with our one-click migration feature, you're not just participating in the ApeX Omni Migration Boost – you're also boosting your net deposits in Deposit Boost, standing a chance to unlock 35% APR in MNT!
Should you need a recap on this campaign, check out our blog.
6. Affiliate Campaign — Get Started for up to 30K in Welcome Rewards
ApeX Affiliates, ICYMI — our unified deposit campaign on ApeX Omni is heating up! With up to 30,000 USDT in welcome rewards for grabs, this campaign will provide a rewarding experience for new users that you refer to ApeX Omni.
Invite your peers to participate for a chance to earn trading bonuses by meeting specific deposit and trading volume criteria. As for you, for every 10 points your users generate, you'll earn 1 point on ApeX Social, racking up on ApeX Social Points that can be used to unlock crypro and real-world rewards such as bonuses, more points, iPhone, and even a Lambo.
So affiliates, go forth and share your custom referral links from ApeX Affiliate Portal to drive user participation. These bonuses are available for a limited time, so spread the word and start making those referrals!
7. Timely Reminders with Launch of Pop-Up Notifications
Next up, we've introduced a pop-up box in the bottom right corner of the ApeX Omni orderbook page on both the website and mobile app, providing timely reminders about ongoing campaigns and highlighting new features in real-time, ensuring you're always up to date!
8. ApeX Pro Deposits Limited to Ethereum Chain
ApeXers, please note as we are in the final stages of transitioning USDT markets from ApeX Pro to ApeX Omni, USDT deposits on ApeX Pro from now on will only be supported via Ethereum.
Multi-chain deposit functionality is fully operational on ApeX Omni via 5 chains: Ethereum, Arbitrum, Mantle Network, BNB Chain and Base Chain.
App Specific Updates
9. ApeX Omni — Step-by-Step Guide to Get Started Now Available
Our latest app upgrade guides you through getting set-up on ApeX Omni. To begin, create an account on ApeX Omni, mint your ApeSoul (SBT) to establish your digital identity (DID) and claim your free Welcome Box!
The upgrade includes a step-by-step guide to help you navigate the process effortlessly and earn up to 30 ASPs (ApeX Social Points) along the way. Get set up and start exploring the rewards today!
10. Partial Cancellation of Market Price Orders on ApeX Omni Optimized
ApeXers, last but not least, we've optimized ApeX Omni to improve the handling of market price orders! With this upgrade, the issue of partial cancellations that have been reported by our users is now resolved, ensuring smoother execution of market price orders!
As we wrap up another action-packed week at ApeX, we welcome you to dive into the excitement of ApeX Migration Boost to snag coveted mystery boxes on ApeX Social as well as a 20 USDT bonus, ApeX Omni Deposit Boost to earn up to 35% APR on effective deposits, and to deploy ApeX Grid Bot and compete for a share of 20,000 USDT in bonuses in ApeX Grid-Tastic P&L (%) Battle.
If you're an affiliate, don't miss out on our unified deposit campaign, designed specifically to cater to new users that you refer to ApeX Omni with up to 30,000 USDT available in rewards.
As always, keep your feedback coming through ApeX Discord channel or via this feedback form and stay tuned for more!
DEX with ApeX, Your Go-To DEX!