Dear ApolloX Users,
ApolloX will start the voting round for its sixth core proposal. We welcome all users to join our official ApolloX Discord Forum to engage in discussions and to cast your vote through Snapshot.
Proposal details:
Proposer: ApolloX DAO Administrator
Quorum vote requirement: Total power value reaching 5 million votes
Voting time: 7 days
Voting link: https://snapshot.org/#/apolloxdao.eth/proposal/0x1158df5b1e0c037acae1028076a13205182abe27ca884cc18e3b8b9609152ac9
Proposal Details:
Dear ApolloX users,
The Trading Rewards Program has successfully launched 30 epochs since its commencement. Based on community suggestions and feedback, ApolloX will reduce the trading rewards amount in each epoch and the reduction amount will be determined by user’s votes.
This adjustment will take effect on 15th November 2022 once the vote has passed and the excess APX will be scheduled to be burned.
Option 1: After adjustment, the Trading Fees Contribution reward pool will be 680,000 APX while Market Maker Trading Volume Contributions reward pool will be 160,000 APX
Option 2: After adjustment, the Trading Fees Contribution reward pool will be 600,000 APX while Market Maker Trading Volume Contributions reward pool will be 140,000 APX
More details about ApolloX DAO can be found in Governance.
Thank you for your support!
Risk Warning: Crypto futures trading carries a substantial risk. All trading activities are done at your discretion and at your own risk. The information here should not be regarded as financial or investment advice from ApolloX. ApolloX will not be liable for any loss that might arise from your use of ApolloX.