ApeXers, we've had an eventful week!
Kong's Trading Jungle is now open for registration, offering you a chance to compete for a share of the massive 2,750,000,000 $KONG prize pool. Further, we've excited extended multi-chain support of ApeX Omni to the Mantle Network and launched the Mantle Missions: Deposit and Earn 12% APY campaign. In our continuous effort to refine ApeX Omni, we've revamped the fee structure and introduced a live leaderboard, allowing you to enjoy an improved trading experience and track your performance in real-time against other traders.
Jump in for all the details!
1. Kong's Trading Jungle — Join to Share 2.75 Billion $KONG Airdrop
ApeXers, registration for Kong's Trading Jungle on ApeX Omni is now LIVE! Brace yourselves for our inaugural competition on Omni offering a jaw-dropping 2.75 billion KONG prize pool! Plus, the top 20 trading ApeXers will divvy up an extra 5,000 USDT side pool!
Here's the best part: You can earn rewards by depositing, trading, making a profit, as well as referring your friends and community members to ApeX. Completing any of these tasks will contribute to your total score, that in return determines your airdrop allocation. The higher your score, the better your standing, however, even the participants with lower scores will stand a chance to walk away with some airdrop in their bags.
Early birds, listen up! The first 200 sign-ups snag a 5 USDT trading bonus, redeemable through a Welcome Mystery Box on ApeX Social. Ready to swing into action? Just register and drop a minimum of 100 USDT into your ApeX Omni account.
The competition phase of Kong's Trading Jungle starts on July 25, 2024, at 10AM UTC, so mark your calendars. For more details on the competition, head to our blog.
Sharpen those trading instincts and get ready to go ape in Kong's Trading Jungle! Whether you're a trading titan or just along for the ride, there's something for every ApeXer!
2. Vesting esAPEX tokens now available via Mantle Network
We're thrilled to announce that vesting for your esAPEX tokens is now available on the Mantle Network!
You can now lock your esAPEX tokens for a fixed 6-month period via Mantle. Upon completion of this lockup period, your esAPEX will automatically convert into APEX governance tokens. Alternatively, keep your esAPEX tokens in the ApeX Staking Program to earn weekly USDC revenue shares and secure your spot in our upcoming Kong the Bananator airdrop.
In case you need a reminder, esAPEX tokens are minted by staking APEX on Ethereum, Arbitrum and now Mantle at a 1:1 ratio. For more detailed information on how this process works, head to our helpful blog.
3. Mantle Missions: Deposit & Earn 12% APY with ApeX Omni — Now LIVE
In case you missed it, we're excited to announce that Mantle Network is now supported on ApeX Omni! To celebrate ApeX Omni's extended multichain support for Mantle, we've launched the Mantle Mission: Deposit and Earn 12% APY with ApeX Omni campaign, giving you the opportunity to earn from a 8,000 MNT prize pool.
The campaign runs until August 2, 2024, at 10 AM UTC, providing you with ample opportunity to earn attractive rewards simply by depositing via the Mantle Network on ApeX Omni.
Here's how you can get started:
Create an ApeX Omni Account: If you haven't already, sign up on ApeX Omni and mint your ApeSoul (SBT) to establish your digital identity (DID). Upon registration, you'll also receive a free Welcome Box on ApeX Social!
Complete Social Tasks and Deposit via Mantle Network: Head to Galxe, complete basic social tasks, and deposit at least 2,000 USDT through the Mantle Network to qualify for rewards.
For a comprehensive overview of the Mantle Missions campaign, be sure to check out this blog post.
4. Revamped Fee Structure on ApeX Omni for Enhanced Liquidity
Next up, we've made changes to the fee structure on ApeX Omni to boost liquidity and tighten spreads for a more balanced trading environment for all traders.
With the updated fee structure, accounts with a taker order trading volume of 500,000 USDT or less in the past 30 days will now benefit from a reduced taker fee of 2.5 bps and a maker fee of 0 bps. This adjustment marks a 64.29% reduction in trading fees from the standard taker fee of 5 bps and a maker fee of 2 bps. On the other hand, accounts exceeding 500,000 USDT in taker order volume over the same period have a taker fee of 5 bps and a maker fee of 0 bps, providing a 28.57% discount from the standard fees.
Following September 15, 2024, the fees will revert to the standard rates of 5 bps for taker orders and 2 bps for maker orders. It's important to note that there are no gas fees for any traders on ApeX Omni.
Should you need any further details, head to our blog and Gitbook page. Stay tuned for more updates as we continue to enhance your experience on ApeX Omni!
5. Live Leaderboard on ApeX Omni —Track Your Performance
We have a new live leaderboard feature on ApeX Omni! This tool empowers you to effortlessly monitor your trading performance, follow top traders and gain firsthand knowledge of their strategies. The leaderboard is designed to rank you based on P&L(%), providing invaluable insights into how your performance stacks up against other traders and additionally, gives you an option to showcase your successes and celebrate your achievements with your community on social media.
Designed for both seasoned traders and newcomers alike, our leaderboard offers you a platform to compete, share your victories, and learn from expert strategies within the ApeX community.
6. Claim Your Free Welcome Box on ApeX Social
ApeXers, you can still claim your complimentary Welcome Box on ApeX Social! In case you missed it, ApeX Social is a rewards hub where you can earn both crypto and non-crypto prizes, including a Lamborghini!
Here's how to get started:
Connect to ApeX Omni;
Mint your ApeSoul (an SBT which represents your DID on ApeX);
Claim your Welcome Box and unlock trading bonuses, points, or real-world treasures such as Lamborghini fragments, an Apple Vision Pro, or a Saga Solana phone.
Should you need all the details on getting started with ApeX Omni and earning ApeX Social Points, head to this blog. Plus, check out this detailed guide on how to win a Lamborghini and more!
7. Feed the Kong Frenzy
Feed the Kong Frenzy, now available on ApeX mobile apps, continues to captivate the community! Last week, we launched Kong's Social Safari to help you maximize your banana count and elevate your ranks, setting you up for a greater share of the upcoming Kong the Bananator airdrop.
Here's a quick breakdown of how you can boost your banana count:
Engage in One-time Social Tasks: Earn up to 8,000 🍌 bananas by following ApeX and Kong social media channels.
Participate in Limited-time Social Tasks: Compete in weekly challenges to earn up to 1,000 🍌 bananas.
Refer Friends: Invite your community to join the game and earn over 100,000 🍌 bananas.
Check-in: Earn 2,000 🍌 bananas and ApeX Social Points (ASPs) daily by checking in on ApeX Social.
Each task brings you closer to securing a larger share of the 1% token allocation reserved for Feed the Kong Frenzy participants. We've also introduced a Task Center in the app to help you access all these activities with ease and more conveniently track your progress.
So engage actively to enhance your chances of claiming a significant portion of the Kong the Bananator token airdrop! Should you need a refresher on Feed the Kong Frenzy, check out this blog. For more details on Kong's Social Safari, visit our blog.
Coming Soon:
8. $KONG
The heavily anticipated KONG, our very own meme token, is arriving in the next few weeks — a fair launch, 100% community-owned, built on Solana.
Should you need all the details about the token generation event (TGE), tokenomics, and how you can be part of this community-driven initiative, head over to our helpful FAQs.
9. New USDT Markets on Apex Omni
In the upcoming week, we're set to introduce 10 new popular USDT pairs to ApeX Omni, broadening our perpetual contract offerings to a total of 30 markets.
The new pairs are XRP-USDT, SUI-USDT, BCH-USDT, LTC-USDT, MATIC-USDT, ARB-USDT, OP-USDT, WLD-USDT, LINK-USDT, and 1000SHIB-USDT, all available with up to 50x leverage.
Stay tuned to our official social media channels for more and head to our Gitbook for detailed contract specifications.
As we wrap up another week at ApeX, we invite you to dive into the excitement of Kong's Trading Jungle and stand a chance to be among the reciepients of 2.75 bln KKNG airdrop, and seize the benefits of our new Mantle Network support and join the celebrations by participating in the Mantle Missions campaign, with 8,000 MNT up for grabs. Don't forget to also claim your free Welcome Box on ApeX Social and keep feeding baby Kong in the Feed the Kong Frenzy to secure your share of the upcoming Kong the Bananator airdrop.
Your feedback is invaluable to us, so please continue sharing your thoughts on our official Discord channel and via our feedback form. We're keen to hear from you and look forward to sharing more updates soon.
As always, happy trading, ApeXers!