Dear ApolloX Users,
Proposer: ApolloX DAO Administrator
Quorum vote requirement: Total power value reaching 5 million votes
Voting time: 5 days
ApolloX will reduce the trading reward amount in the Trading Rewards Program and divert the amount toward reward distribution for the upcoming product. The reduction amount will be determined by user’s votes. This adjustment will take effect on 10th January 2023 once the proposal has passed.
When the new product is launched, the daily reward distribution is estimated to be 100,000 APX. The excess APX will be scheduled to be burned.
Option 1: After adjustment, the Trading Fees Contribution reward pool will be 512,000 APX while Market Maker Trading Volume Contributions reward pool will be 128,000 APX
Option 2: After adjustment, the Trading Fees Contribution reward pool will be 472,000 APX while Market Maker Trading Volume Contributions reward pool will be 118,000 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.