In case you missed it, our pre-sale APEX token unlock mechanism for the core team and early investors, designed to provide a controlled and sustainable token unlock model, is now live. With the launch of the esAPEX12 pool, retail traders have the opportunity to purchase esAPEX12 tokens at a 40% discount.
In this guide, we'll walk you through the process of purchasing esAPEX12 tokens and participating in the offering.
Let's get started.
What is esAPEX12?
esAPEX12 Strategic Solution is a sustainable approach to token unlocks for our core team and early investors. It features an innovative release model designed to tackle issues related to token price volatility, market fluctuations, and inflation throughout the unlock phase. In short, the esAPEX12 strategy effectively eliminates the disruptions caused by large, sudden token unlocks, ensuring a more stable and predictable market environment.
At the current stage, we have established the Bonding Curve Token Locking and Sales Pool ($esAPEX12 pool) on the Arbitrum Network. Here, the unlocked $APEX is invested according to the initial unlock schedule, generating $esAPEX12 — a token available for purchase by third-party investors with a 12-month lockup period.
Head to our blog about esAPEX12 here.
esAPEX12 Purchase Process
The esAPEX12 purchase process is simple.
You can find the mainnet contract address here: https://arbiscan.io/address/0xbb03231692b6eb5f18792e60fe70ab2e815b75f2.
1. Check the Current Price of esAPEX12
Check the current esAPEX12 price by entering the contract address. Use the Read as Proxy - currentPrice function. The returned value will be the price of esAPEX12, displayed with 18 decimal places of precision.
Note: The price of esAPEX12 is 60% of the daily recorded price of $APEX.
2. Approve the USDT Amount
Before purchasing esAPEX12, you have to approve the USDT amount for the contract. Follow these steps:
Go to the USDT contract: https://arbiscan.io/address/0xfd086bc7cd5c481dcc9c85ebe478a1c0b69fcbb9#writeProxyContract
Connect to your web3 wallet.
Once you're in the approval stage, input the following parameters:
Spender: 0xbb03231692b6eb5f18792e60fe70ab2e815b75f2 (esAPEX12 contract address)
Enter the amount of USDT you want to use to purchase esAPEX12. The amount should be entered in 6 decimal places. (e.g., for 1,000 USDT, input 1,000,000,000).
Click Write to call the contract and complete the approval.
3. Execute the Purchase
Go to the esAPEX12 contract address and use the buy function.
Connect to your web3 wallet.
Input the amount of USDT to purchase with, using 6 decimal places. (e.g., for 1,000 USDT, input 1,000,000,000).
Click Write and sign the transaction.
After the transaction is successful, you will receive esAPEX12 tokens in your wallet. Please note that esAPEX12 tokens are non-transferable.
4. Unlocking esAPEX12 into $APEX
To unlock esAPEX12 tokens into $APEX, you need to stake them and wait for 365 days. Follow these steps:
Go to the [esAPEX12 contract](https://arbiscan.io/address/0xbb03231692b6eb5f18792e60fe70ab2e815b75f2) and connect your web3 wallet.
Use the createTimelock function to stake and unlock esAPEX12.
Input the amount of esAPEX12 you wish to unlock (e.g., for 1 esAPEX12, input 1,000,000,000,000,000,000).
Click Write and sign the transaction.
After 365 days, you will receive 1 $APEX for every 1 esAPEX12 token staked.
5. Withdrawing $APEX After Maturity
There you have it — once esAPEX12 unlocks, you will be able to withdraw your $APEX tokens!
Coming soon, we’ll be rolling out a streamlined, user-friendly interface to simplify the esAPEX12 token purchase process. This update will make it easier for retail traders to navigate the platform, manage transactions, and complete purchases quickly and efficiently. Stay tuned for a more seamless experience!