Grid trading bots are increasingly gaining traction within the cryptocurrency community, offering users a powerful means to capitalize on market volatility. In our ongoing commitment to empower traders on ApeX with cutting-edge tools, we're excited to announce the impending launch of ApeX Grid Bot.
With automated strategies at your fingertips, ApeX Grid Bot, set to launch on March 22, 2024, will allow you to unlock new possibilities on ApeX while enjoying the added perks of negative maker fees set at 0.002% and amplified $BANANA earnings when trading USDT contracts.
This launch marks a significant step forward in our mission to empower traders with cutting-edge tools and opportunities for success in the decentralized trading landscape.
A Recap of Grid Bots
Grid bots characterized by a classic "buy low, sell high" or "sell high, buy low" strategy within a predetermined price range, execute a sequence of orders as the price of a token varies. Whether you're an experienced trader or new to the scene, this tool offers a unique opportunity to enhance your trading strategy and profit from market movements. For a guide on general trading bots, check out our blog and for more information on how Grid Bots work, check out the following guide.
Let's dive into how the upcoming ApeX Grid Bot works.
ApeX Grid Bot
ApeX Grid Bot, being supported on all USDT and USDC perpetual contracts on ApeX, allows users to capitalize on market trends through self-managed, automated trading strategies, offering both neutral bots and one sided bots.
Neutral bots, also known as two-sided bots, are particularly useful in sideways markets. With this setup, you can customize your upper and lower bounds within which the bot will trade in.
One-sided bot is useful for dollar cost average (DCA) strategies. This option is great for more passive investments and longer term strategies.
Negative Fees on All Trading Pairs — Earn 0.002% on Each Trade
ApeX Grid Bot is set to launch with a bang!
We are welcoming our very first bot on ApeX with a negative trading fee mechanism for all available perpetual markets on ApeX.
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.
Maximize Your BANANA Earnings with ApeX Grid Bot!
As you're likely aware, trading on USDT pairs directly contributes to your Trade-to-Earn activities.
By deploying ApeX Grid Bot on any USDT pairs, the generated trading volume will also add up to your overall USDT volume and increase your bi-weekly $BANANA rewards! For more details on how Trade-to-Earn works, refer to our blog.
We're thrilled to introduce the inaugural bot on ApeX, marking the beginning of a series of exciting developments. With the launch of ApeX Grid Bot, users can amplify their trading journey on ApeX, leveraging automated strategies to maximize their potential.
What's more, users can enjoy the added benefits of negative maker fees set at 0.002% and amplified $BANANA earnings when engaging in USDT contract trading.
Join us as we embark on this journey, redefining the landscape of decentralized trading on ApeX with ApeX Grid Bot and stay tuned for the upcoming exciting updates!