ApeXers, we're thrilled to share some game-changing news with you! As you know, we've been hard at work restructuring the $APEX tokenomics and have already kicked off several key initiatives.
In the last month alone, the value of $APEX skyrocketed by an impressive 768.63%, underscoring the escalating demand and increasing confidence in the ApeX Protocol.
In our latest move, we're unveiling a series of initiatives that will not only fortify our position in the industry but also elevate the value of our native token — $APEX, ensuring its sustained growth. Read on to discover what we have in store.
APEX Total Supply Reduction: Charting a Strategic Path Forward
We've designed a bold plan to cut down our total token supply by 50%, from 1,000,000,000 to 500,000,000 $APEX. The first burn event, which happened on Jan 18, 2024, successfully brought the total supply down to 850,000,000 $APEX. Get ready for consecutive token burns in the first month of each quarter as we aim to enhance scarcity and boost the value proposition of $APEX.
Liquidity Pools and LP Incentives: Growing Together Through Collaboration
Get ready for an exciting development: APEX-ETH liquidity pools are on the horizon, arriving soon at top-tier decentralized exchanges (DEXs)! This means you can become liquidity providers and actively participate in revenue sharing, earning real yields. Collaborating with leading DEXs on different chains, such as Camelot on Arbitrum and AGNI on Mantle, will bring you tailored incentive programs and revenue-sharing opportunities. But wait, there's more – in addition to ApeX revenues, you'll receive extra joint rewards in the respective native tokens of hosting DEX projects and ApeX itself. Stay tuned for the big reveal!
Staking Program Upgrade: Rewarding Your Commitment, Boosting Your Earnings
We've got something special in store for our loyal contributors. Our Staking Program, which currently supports $APEX and $esAPEX pools, has been an ApeXers favorite with no lock-in periods, weekly yield distribution in USDC, and a dynamic reward calculation mechanism considering both time and your trading activities for a fair and rewarding passive income.
However, for our loyal contributors, we're stepping it up a notch by introducing an optional lock-in feature. With this functionality, you'll have the ability to lock your token holdings for extended periods, amplifying your earnings and providing enhanced revenue shares.
Stay tuned for more updates – we're just getting started on this exciting journey!