Dear ApolloX Users,
ApolloX will start the voting round for its eleventh 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: 5 days
Proposal content:
Dear ApolloX users,
To thank everyone for their continuous support and contribution to the ApolloX platform, ApolloX plans to increase the percentage of its daily fee income used to repurchase APX, which will be added into the DAO staking reward pool for distribution to APX stakers.
Repurchase method: The platform will allocate a portion of its daily trading fee income for the repurchase and complete the APX repurchase within the same day. Repurchased APX will be automatically transferred to the below DAO contract address and distributed to staking users in accordance with the DAO reward rules.
*Platform trading fee income refers to the net income of BUSD,USDT and income from other tokens after deducting the liquidity cost, and will be converted to the USDT equivalent amount to be added into the DAO contract address to carry out the repurchase.
Contract Address: 0x7f878994507F5B0588cF0EBEE07128d9A742ad9d
Option 1: Repurchase percentage: 50%
Option 2: Maintain current percentage: 30%
More details about ApolloX DAO can be found in Governance.
Thank you for your continuous support!