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    Weekly Platform Updates

    May 05, 2024

    2 min read

    Order Book

    Apex

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    Happy May, ApeXers! As always, our team is dedicated to enhancing your experience on ApeX, ensuring that we're at the forefront of innovation and continuously bringing you the latest developments.

    Let's dive into what's been going down at ApeX this past week.

    1. esAPEX12 Strategic Solution Live

    The esAPEX12 strategic solution to sustainably manage the pre-sale token unlocks for the core team and early investors is now fully implemented! As announced earlier this week, we've established an esAPEX12 pool on the Mantle Network (click here to view the deployed contract on Github) where newly released $APEX tokens will be invested and locked according to the initial unlock schedule. These locked tokens will generate $esAPEX12, which can then be sold via the same pool to a third party, with a 12-month lockup period.

    Upon depositing tokens in the esAPEX12 pool, investors and core team members will receive LP tokens based on their initial investment ratio that represent their right to receive sales income from $esAPEX12 in USDT. Third party purchasers will be able to buy $esAPEX12 tokens at a discounted rate of 40%. After the mandatory 12-month lockup period, they can withdraw and burn $esAPEX12 to receive $APEX.

    As highlighted above, the esAPEX12 pool is set up to allow for controlled token releases, moderating the token influx into the market while safeguarding the interests of all parties involved — the team, the investors and the community. For a detailed look at the mechanics of this strategy, refer to our blog.

    2. Switch to Non-Custodial Wallets and Enjoy 10 USDC Bonus

    In case you missed it, in light of evolving regulations, we're encouraging you to transition to non-custodial wallets for enhanced security, and full control over your digital assets. To incentivize you to make this move, we've set up a prize pool of 10,000 USDC!

    The first 1,000 participants who switch to a non-custodial wallet before May 13, 2024 at 10 AM UTC will each receive a 10 USDC bonus. Don't miss out on this opportunity to embrace self-custody and earn 10 USDC! For all the details, check out our blog. If you've already made the switch, claim your rewards here.

    Note: We've created a helpful video guide to assist you with the wallet migration process!

    3. BTC Halving Frenzy: Compete for a Runestone, ORDI Tokens & 10,000 USDC

    ApeXers, you're smashing it in Bitcoin Halving Trading Frenzy!

    We've hit a major milestone with unlocking the last prize pool tier of the competition featuring 10,000 USDC prize pool, $ORDI tokens and Runestone.

    The excitement is only growing with up to 500 participants and $200M+ trading volume! With only 6 days left, trade any contracts on ApeX Pro to join in!

    Remember, the more you trade, the bigger your rewards – so get ready and boost your volume to maximize your gains! For all the details on how you can join, check out our blog. If you'd like to get a quick refresher on Bitcoin Halving, check out our article.

    4. ApeX Blog Revamp: Better UI/UX and Enhanced Search Parameters

    Our freshly revamped ApeX Blog is now live, featuring an enhanced user interface, seamless article navigation, and improved customization options. Get ready for an enhanced educational journey and a wealth of new content headed your way soon. Stay tuned for updates!

    Coming Soon:

    1. ApeX OMNI Unveiled In Coming Week

    Get ready for the upcoming unveiling of our brand new Litepaper next week, introducing our latest product, ApeX Omni – a modular, multichain liquidity trading platform. ApeX Omni is poised to revolutionize the trading landscape, offering an intent-centric experience that combines the benefits of decentralization with the convenience of centralized platforms. It will feature a full product lineup, including spot trading, pre-market trading for perpetual pairs, community vaults for liquidity provision, and a web3 social trading platform enabled by SBTs.

    Stay tuned to our socials for more details!


    As May begins, we're gearing up for an exciting month filled with many thirlling developments to be unveiled, improving your decentralized trading experience! Keep an eye on our official channels for the most recent updates.

    Your feedback is important to us, so feel free to reach out to us on the ApeX Discord channel or share your feedback through this form.

    Happy trading!

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