Dear ApolloX users,
The proposal created on 20 February 2023 on Snapshot to Adjust the percentage of daily trading fee income used to repurchase APX has passed. Here’s how the proposal will be implemented:
- Proposal passed with 19,860,652.74 voting power for Option 1: Repurchase percentage of 50%
- The new repurchase percentage of 50% has taken effect on 28 February 2023
- Repurchased APX will be automatically transferred to the DAO staking contract address and distributed according to the reward rules to DAO staking users
Note: The platform fee income is the net income of all USDT, BUSD and other tokens after deducting the liquidity cost, rebates and other expenses. The net income will be converted to USDT equivalent and transferred to the DAO staking contract address for repurchase activity.
DAO Contract Address: 0x7f878994507F5B0588cF0EBEE07128d9A742ad9d
Check out the following articles for more information on DAO:
【Proposal-11】Adjust the percentage of daily trading fee income used to repurchase APX
Thank you for the support!
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