If you hung out with ApeX during Token2049 (and the F1 Grand Prix) week, you’d have joined us for several exciting events and parties, including a mini web3 social summit, an exclusive after party and also a morning mingle with the ApeX team, complete with a luxurious breakfast spread! In case you missed out on the fun, here’s a recap of what went down during the week.
The Decentralized Vision: DeSoc Unleashed x Web3 Social House
Photo Credit: Tako Protocol
We were thrilled and incredibly honored to co-host a web3 social-focused summit with Tako Protocol, Moledao and Mask Network. It saw a diverse set of speakers from Mask Network, DeSo, Polygon, CyberConnect, Arweave, RSS3, DWF Ventures, Superscrypt, HashKey Group — all gathered together based on a single vision: the future of web3 is social.
Similarly ApeX Protocol had the privilege to share its perspective on web3 social trading with event attendees. ApeX’s Head of Business Development, Tekla I., took to the stage to explain how ApeX is committed to resolving existing issues and challenges that plague development of social trading on decentralized exchanges (DEXs) and to lower the barriers to entry and adoption for the global community.
Current Challenges
As we all know, it is the content produced and contributed by the users that gives value to any platform — It’s what enriches a social network, allowing social graphs to be established and evolved. Under the web2 paradigm, users do not have ownership of the content they produce – they provide value without sharing the benefits
Without ownership of one’s digital content or identity, there is no control over one’s privacy – the governance over privacy of your data rests with the host platform
As such, a transition from web2 to web3 is paramount where ownership of your content, identity and data, and potential for monetary benefit back in the creator’s hands. However, as the web3 space is still a maturing one, there are quite a few barriers to widespread adoption, from scalability and infrastructural matters, to user-friendliness and accessibility, to conformity from the users’ side.
ApeX’s Solution
We believe that for web3 social to truly succeed, the focus should be on fostering a relational identity — built through relationships with other participants, other people. Applying this to ApeX’s core product, ApeX Pro, the key lies in creating a trading environment where social trading will flourish.
Social trading is an investment approach that allows individuals to observe, follow, and replicate the trading strategies and decisions of experienced traders. It combines elements of social networking and traditional trading. Social trading represents a way for less experienced users to mitigate risks and they can choose to automatically copy the trades of expert traders, thereby benefiting from their expertise. Simultaneously, experienced traders gain monetary benefits as they develop their trading communities.
Social trading platforms represent social networks for traders – a place where they can interact, share insights and strategies and the rationale behind trading decisions. Various strategies can be available to users from standard copy trading, or mirror trading to trading pools and more generally, also performance analytics.
ApeX Pro-gress
We’ve been consistently upgrading and improving our platform and offerings to become a user’s go-to DEX and will continue to stay on track. Here’s a brief summary of our recent updates and what’s to come:
Leaderboard launch, where traders are now able to start forging valuable connections with each other by publicly sharing their positions and following other traders on ApeX
Develop our infrastructural capabilities by introducing multi-channel, multi-terminal signal provision and copy trading infrastructure docking capabilities, starting with an ApeX Pro Telegram Trading Bot
Unveiling of Soulbound Tokens (SBTs) ApeSouls, which will be linked to a trader’s trading profile (DID — Digital Identity) that holds the data on trading volume, number of trades, open interest, ranking, profits, positions and more
We are very excited to bring you a product that lives up to the promises of a web3 social future and believe in the power of social trading to drive advantages for our trading community and confident in the integrity of the systems that help us build the ultimate DEX for the future.
Token2049, The Social Afterglow & Morning Mingle
After the summit, it was time to immerse ourselves in our ecosystem and community IRL! We were thrilled to be able to put names to faces and host you in person at the Social Afterglow and Morning Mingle. Spot some of our biggest supporters below, including The Wolf, Crypto Banter and The Defiant!
We also had the chance to speak to The Defiant about ApeX and Token2049 in one of their recent interview episodes. Check out the full video here.
For the first time, we were also determined to bring attendees special ApeX swags too across both social events and also at Token2049, where we shared a booth space with ecosystem member Mantle.
If you managed to take some stickers, shirts, caps or other merch home, don’t forget to flex them and tag us on social media when you do!
