ApeXers, we're soon approaching April 2023 — a month that is significant to us for a number of reasons. For one, if you've been around since the inception of ApeX Protocol, you might remember that ApeX Protocol officially launched in April last year — it's ApeX's one-year anniversary! We've come so far and made significant headway into driving adoption for decentralized, permissionless offerings in the Web3 space in the past year, and cannot thank ApeXers enough for their support thus far.

Along with the launch, we mapped out our long-term mission and vision with ApeX Protocol's native governance token $APEX, including its distribution and token supply allocation. And according to the schedule, the portion of $APEX allocated to institutional investors was slated for an April 2023 release and unlocking.

After months of discussion and consideration, happening in part due to prevailing market conditions and recent changes implemented by other leading actors within the Web3 space, the vesting schedule will be adjusted.

• Release of $APEX tokens allocated for institutional investors will be postponed by 12 months, to April 2024

In summary, here's what the new token release schedule looks like with the above adjustments included:

This change has been made for both the project's vitality and investors' benefit. The vesting period lasts for up to a total of four years, which can incentivize long-term and continued involvement of all parties. Extending the unlock schedule will allow for further support of the price stability of $APEX.

For more details on $APEX tokenomics, please read our token supply explainer.

You can buy, sell and trade $APEX on Bybit and Uniswap, and also stake $APEX for greater rewards via the Staking Program.