Looking back, October was an exhilarating month for ApeX, marked by significant launches and exciting new developments!
We launched the highly anticipated Omni Spot Swap, chain-agnostic spot trading that allows you trade any tokens on any supported chains using USDT, all while enjoying streamlined gas fees and fast execution. Alongside this launch, we launched a feedback campaign designed to reward you for trialling our latest product and helping us improve it.
Next up, we had our final quarterly token burn, bringing down the total supply of $APEX to 500M tokens. In addition, we launched ApeX Omni Deposit Power-Up, offering an opportunity to earn and multiply your rewards 4x, simply after making your first deposit!
Let's take a moment to reflect on the key highlights that made this month truly memorable.
1. Omni Spot Swap Launched
ApeXers, the wait is over! The much awaited Omni Spot Swap is now live on ApeX Omni!
In case you need a refresher, Omni Spot Swap is a chain-agnostic spot trading platform designed to simplify decentralized, cross-chain trading through a unified liquidity model and a single-currency approach. With Omni Spot Swap, you can seamlessly trade assets across multiple blockchains using USDT as the primary currency for both trades and gas fees.
Eliminating the complexities of managing multiple wallets and bridging solutions, Omni Spot Swap offers a straightforward way to access and trade a diverse range of assets native to various Layer 1 and Layer 2 networks across major blockchains. The chains that are currently supported are Ethereum, BNB Chain, and Base. Coming very soon, we'll extend support for Solana as well.
Experience CEX-level speed with low slippage and built-in anti-MEV protection to prevent front-running. For all the details of Omni Spot Swap, head to our comprehensive blog.
2. Omni Spot Swap Feedback Campaign In Progress
To celebrate the launch of Omni Spot Swap, we've introduced the Omni Spot Swap Feedback Campaign, where you can trial our latest product and win USDT rewards and Mystery Boxes!
To get started, simply complete your first swap and submit your feedback via Galxe. The campaign runs from October 31, 2024, at 10 AM UTC to November 14, 2024, at 10 AM UTC. During this time, you can participate for a chance to share in a rewards pool featuring 3,150 USDT, along with 30 Rare Mystery Boxes and 25 Epic Mystery Boxes.
It's not too late to catch our early bird bonus, with the first 50 users submitting their feedback each receiving a 5 USDT bonus!
For all the details, head to our blog.
3. ApeX Omni Deposit Power-Up in Full Swing with Up to 15K USDT Already Allocated in Rewards
In case you missed it — ApeX Omni Deposit Power-Up is in full swing! With up to 15K USDT already allocated in rewards, get started to earn big rewards!
Running up until November 7, 2024, at 10AM UTC, new users simply need to make their first deposit and complete simple tasks to participate. With up to 1,000 USDT distributed daily, join in to win big!
To start, connect to ApeX Omni and make an initial deposit of at least 100 USDT to secure your base reward. Take your rewards further by completing the following steps:
2x Boost: Refer 2 friends who each deposit a minimum of 100 USDT.
3x Boost: Complete additional deposits totaling 200 USDT or more and achieve a trading volume of over 10,000 USDT.
4x Boost: Deposit 1,000 USDT or more and trade over 100,000 USDT.
Rewards are available only until the campaign's total deposits hit 5 million USDT and each user can deposit a maximum of 100,000 USDT.
Don't miss your chance to maximize your rewards! Register, deposit, complete tasks, and power up your earnings with ApeX Omni.
For more comprehensive details on this campaign, head to our blog.
4. Final $APEX Quarterly Supply Reduction Complete
Another memorable moment of this month was the successful completion of our final token burn, as part of our commitment to revamp the tokenomics of $APEX and enhance the value of $APEX, for it to better align with the value of the project.
This burn brought down the total supply of $APEX to 500 million tokens and represents the final step in our strategic initiative set out at the beginning of the year to reduce the $APEX token supply by 50%, from 1 billion to 500 million tokens.
Should you need more details of the latest token supply reduction, head to our blog. For all the details about the $APEX tokenomics revamp strategy, head to this announcement blog. Finally, for a comprehensive overview of the $APEX token supply distribution and tokenomics, check out this blog.
5. Guide to esAPEX12 Purchase Process Available
ApeXers, we are excited to announce that the esAPEX12 strategic solution is now live! This innovative approach addresses key challenges related to $APEX token unlocks for our core team members and early investors, tackling issues like price volatility, market demand fluctuations, and inflation that often accompany pre-sale token releases.
We've established the Bonding Curve Token Locking and Sales Pool ($esAPEX12 pool) on the Arbitrum Network. In this pool, unlocked $APEX is invested according to an initial unlock schedule, generating esAPEX12 tokens, which come with a 12-month lockup period. Retail traders can purchase esAPEX12 tokens from this pool at a 40% discount.
For detailed instructions on how to buy esAPEX12, please refer to our blog. If you're looking for more information on the esAPEX12 Strategic Model, check out our introductory blog.
6. 60 USDT Markets on ApeX Omni
October has been a listing bonanza! We substantially broadened our perpetual contract offerings on ApeX Omni, bringing our total to 60 USDT pairs! Recent additions include, EIGEN-USDT, HMSTR-USDT, SEI-USDT, MEW-USDT, TURBO-USDT, NEIRO-USDT, and NEIROETH-USDT, available with up to 50x leverage on Omni Perps. Visit our Gitbook page for detailed contract specifications.
And that's just the beginning — we will be adding even more USDT pairs in the coming weeks! Stay connected through our social channels and ApeX Blog for the latest updates, and feel free to reach out with any suggestions on what pairs you would like to see!
7. Buy-Back & Share (BBS) Program Announced
Yet another exciting update this month is details of our upcoming Buy-Back & Share Program (BBS). This new initiative set to launch in November, allows token holders to increase their $APEX holdings by participating in the success of the platform. We've already kicked off the buyback process, acquiring 22,900 $APEX in the first week through a TWAP swap.
Additional buybacks are scheduled in the coming weeks as we approach the official launch of the program in November. The BBS program aims to generate consistent buying pressure on the market through ongoing buybacks, enabling participants in the BBS pool to accumulate tokens over time—starting with $APEX and eventually including stablecoins.
Stay tuned to our official channels for more updates on the launch, and in the meantime, visit our blog to learn more!
As you can see, we've had a packed month here at ApeX. With many developments on the horizon, we're continuously evolving to shape our offerings to better fit your needs. As we head into November, we're particularly excited to share more exciting product launches and a myriad of developments with you!
Keep an eye out to our blog and socials for all the details and, as always, happy trading!
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