Saint Vincent, the Grenadines,, October 1st, 2024, Chainwire
ApeX Protocol, a leading decentralized exchange platform, proudly announces the deployment of a series of strategic tokenomics updates designed to enhance the long-term value and stability of its native token, $APEX. These updates are set to enhance the ApeX ecosystem, benefiting token holders, early investors, and the broader community.
esAPEX12 Strategic Solution: Now Live
ApeX has officially launched the esAPEX12 Strategic Solution, addressing common challenges associated with pre-sale token unlocks, such as price volatility and inflationary pressures. This innovative mechanism ensures a smooth, controlled release of $APEX tokens, protecting the token price from market fluctuations and providing a more predictable environment for investors and users.
The esAPEX12 pool, hosted on the Arbitrum network, allows unlocked $APEX to be converted into esAPEX12 tokens, which are available for third-party purchase with a 12-month lockup period. This approach ensures a steady and strategic distribution of $APEX, balancing market demand while offering a 40% discount to new buyers. For a detailed guide on how to purchase tokens at the discounted rate, click here.
Introducing the Buy-Back and Share (BBS) Program
Set to launch in the coming weeks, ApeX is excited to introduce the Buy-Back and Share Program. This innovative initiative will utilize fee revenues to repurchase $APEX tokens from the market, which will then be distributed as rewards to long-term participants. By creating consistent buying pressure, this program enhances $APEX’s value while allowing users to accumulate more tokens over time.
The BBS program is poised to become a cornerstone of ApeX’s ecosystem, helping loyal participants maximize their returns and advantageously position themselves to earn future rewards, including stablecoins, as the platform evolves.
$APEX as the Trading Fee Token — Coming in Q4 2024
ApeX is further enhancing its tokenomics by utilizing $APEX as the trading fee token on the ApeX Omni DEX at the end of Q4 2024. Users opting to pay their trading fees with $APEX will enjoy discounted fees, creating an added incentive for token usage. In a deflationary move, all $APEX tokens collected as fees will be burned, reducing the overall supply and contributing to the token’s value appreciation over time.
Deflationary Tokenomics Model
The combined strategies of esAPEX12, the Buy-Back and Share Program, and $APEX’s use in trading fees will result in a robust deflationary tokenomics model, benefiting the community at large.
ApeX is committed to enhancing its native token — $APEX, through controlled releases, strategic buybacks, and a token-burning mechanism, ensuring long-term growth and value for all stakeholders.
About ApeX
Founded with the mission to provide a decentralized, permissionless, and self-custodial trading experience, ApeX offers seamless multi-chain deep liquidity and a robust order book interface to cater to traders in the crypto market. ApeX Omni is the latest product from ApeX Protocol. With its cutting-edge multi-chain liquidity aggregation, modular intent-centric architecture, and advanced zero-knowledge proof security, ApeX Omni delivers unparalleled performance and safety.
Website | Twitter | Discord | Telegram | Blog
Contact
Mariam
mariam@davionlabs.com
This article contains a press release from an external source. The opinions and information presented may differ from those of DailyCoin. Readers are encouraged to independently verify the details and consult with experts before acting on any information provided. Please note that our Terms and Conditions, Privacy Policy, and Risk Warning have been recently updated.
