Dear ApolloX users,
The proposal created on 4th January 2023 on Snapshot to adjust the trading rewards amount has passed. The details of the vote are as follows:
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The proposal passed with 7,504,258.41 voting power for Option 2.
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The new Trading Fees Contribution reward pool will take effect on 12th January 2023. 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.
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When the new product is launched, the daily reward distribution is estimated to be 100,000 APX. The excess 50,000 APX will be scheduled to be burned.
Thank you for the support!
Check out the following articles for more information on DAO:
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.