ApolloX has launched a futures bonus token (BONUSUSD) for users who trade on ApolloX DEX.
BONUSUSD is a futures bonus token issued by ApolloX. BONUSUSD is a unique USD-pegged token which traders can use as collateral to trade crypto futures on ApolloX DEX!
Note: BONUSUSD is a futures bonus token and cannot be withdrawn. Multi-assets mode has to be activated to use BONUSUSD as collateral.
Step 1: Go to ‘Futures’ on ApolloX DEX main page to check your asset balance. Your BONUSUSD tokens will have been automatically credited to your balance after successfully sending it to the ApolloX Exchange Treasury Contract (0xe2e912F0b1b5961be7CB0D6dbb4A920ACe06Cd99).
Step 2: Scroll down & select BONUSUSD to check your balance
Step 3: (Skip this step if multi-asset mode is already enabled.) Enable Multi-Assets Mode to use BONUSUSD as collateral. On the Futures page, scroll down to ‘Margin Ratio’ & select [Multi-Assets Mode].
Step 4: Choose the preferred perpetual contract from the dropdown list. Set your preferred leverage.
Step 5: Set your preferred position mode under [Preferences]. Choose between One-Way Mode and Hedge Mode. Next, choose your order type. ApolloX offers Limit, Market, and Stop Limit orders.
Step 6: Monitor your position(s) and close them based on your exit strategy. All your positions are listed in the [Positions] tab.
Note: BONUSUSD is a futures bonus token and cannot be withdrawn. Only profits generated from trades using BONUSUSD as collateral can be withdrawn.