ApolloX Launches DEX Leaderboard Program, Millions In Rewards To Be Won

Dear ApolloX users, 

ApolloX is excited to announce the launch of our Leaderboard Program for our Decentralised Exchange (DEX), which will start from 13 January, 2022 00:00 AM (UTC). 

The top 100 users on the Referral Leaderboard will be rewarded with hundreds of thousands to millions of dollars, which will be distributed in a mix of USDT and APX each epoch. ApolloX introduced the second leaderboard in the Leaderboard Program 2.0, which is called PnL leaderboard. The top 20 users on the PnL Leaderboard will be rewarded with APX tokens each epoch.

Go to DEX Leaderboard Program Landing Page

Epoch

We will conclude the leaderboard ranking results on a weekly basis. The first epoch of the leaderboard program will last for four days, from 13 January, 2022 00:00 AM (UTC) to 16 January 2022, 23:59 PM (UTC).  Except for the first epoch, each epoch of the leaderboard program would usually last for a week, starting from each Monday 00:00 AM (UTC) to each Sunday 23:59 PM (UTC).

Referral Leaderboard: Ranking Formula 

The ranking of users is based on the following three factors. Except Referees' Effective APX Holders Address Counts Ratio, the other two factors are checked and updated on the Leaderboard program page hourly. 

1. Effective Referee Counts Ratio: 
   • Your Referee will be considered as an effective count if his/her Trading Volume exceeds 10,000 USDT and Futures Wallet Balance is more than 100 USDT on ApolloX DEX Platform. 
   • We will calculate the Effective Referee Counts Ratio with the formula: The number of your Effective Referee Counts / the total number of Effective Referee Counts on ApolloX DEX Platform.
   • Please note the your referee's futures wallet balance has to be no less than 100 USDT to be considered as "Effective Referee"  during the whole epoch.
2. Referees Trading Volume Ratio: 
   • All trading volume from your account and the referees under your account will be counted into the total Referees Trading Volume. 
   • The Referees Trading Volume Ratio's formula is: The accumulative trading volume of  all your referees and yourself on the ApolloX DEX platform/The total cumulative trading volume of all users on the ApolloX DEX platform 
3. Referees' Effective APX Holders Address Counts Ratio (Cumulative):
   • An address is considered an effective APX holder if it has at least 100 APX at any time. 
   • Referees' Effective APX Holders Address counts will be checked daily, and the weekly average Counts Ratio will be calculated as a factor for Leaderboard rankings.
   • Our formula for calculating this ratio is: Average (Your Referees' Effective APX Holders Address Counts / All Referees' Effective APX Holders Address Counts on ApolloX DEX Platform). 
4. Referees' Effective APX Holders Address Counts Ratio (Newly Added):
   • The definition of Effective APX Holders Address (Newly Added) is the same as Effective APX Holders Address (Cumulative) - an address is considered effective if it has at least 100 APX.
   • However, for Effective Holders Address (Newly Added), only “newly added” addresses with at least 100 APX will be considered effective on that week. For example, an address that holds 100 APX from last week will not be considered effective in this week’s calculations.
   • The formula for calculating this ratio is:  Your Referees' Effective APX Holders Address Counts This Week (Newly Added) / All Referees' Effective APX Holders Address Counts on ApolloX DEX Platform This Week (Newly Added)
   • Note: Only “newly added” addresses from April 4, 2022 00:00 (UTC) that hold at least 100 APX will be included in the formula calculation. In addition, one address will be considered a newly added APX holder address only once.

Each user’s ranking score index is then calculated using the following formula. Please note that when multiple users have the same ranking score index, the user who signed up earlier will be ranked first. 

Effective Referee Counts Ratio * 30% + Weekly Referees' Trading Volume Ratio * 30% + Referees' Effective APX Holders Address Counts Ratio (Cumulative) * 30% + Referees' Effective APX Holders Address Counts Ratio (Newly Added) * 10% x 10000

Start inviting friends now!

Referral Leaderboard: Rewards

The rewards of each epoch will be announced on the program page prior to the start of that epoch each Monday, and distributed in APX tokens. 

The top 100 users with a ranking score not smaller than 1 in each epoch will be sharing the prize pool. The split of prize pool among top 100 users is as follows: 

Rankings	Rewards Percentages
1	15%
2	10%
3	8%
4	7%
5	6%
6	5%
7	4%
8	3%
9	2%
10	1%
11-20	Equally split 7%
21-100	Equally split 32%

 

PnL Leaderboard: Ranking Formula 

The ranking of users is based on the two factors, your PnL and your referees’ PnL. Both factors are checked and updated on the Leaderboard program page hourly. 

1. Your PnL
   • Every order that is traded on the ApolloX DEX platform will be included in your PnL (including unrealized profit and loss) results. 
   • The calculation formula of PnL in each week is as follows: Final Account Balance (including unrealized PnL) - Initial Account Balance (including unrealized PnL) + Withdrawals - Deposits - Referral Bonuses - Leaderboard Bonus (Leaderboard Bonus) - Activity Rewards (Trade Rewards, Draw Activities...)
2. Your Referees' PnL
   • The Profit and Loss (PnL) of your Referee will also affect your ranking on the PnL Leaderboard. If your Referees traded on the ApolloX DEX platform this week, their PNL will be included in your overall PNL. 

"Your Weekly Total PnL Result" is the sum of your PnL result and the referee's PnL result for each week. Rankings on the PnL Leaderboard will be determined solely by "Your Weekly Total PnL Result".

 

PnL Leaderboard: Rewards

The rewards of each epoch will be announced on the program page prior to the start of that epoch each Monday, and distributed in APX tokens. 

The top 30 users with positive PnL in each epoch will be sharing the prize pool. The split of prize pool among top 30 users is as follows: 

Rankings	Rewards Percentages
1	15%
2	10%
3	9%
4	8%
5	7%
6	6%
7	5%
8	4%
9	3%
10	3%
11-20	Each 2%
21-30	Each 1%

Rewards Distribution

The rewards will be distributed on the following Monday at 02:00 AM (UTC).

• USDT rewards will be sent to winners’ DEX futures accounts directly.
• APX rewards will need to be claimed manually on the program page. Please note that APX has a 15-day vesting period. A 30% penalty fee applies if APX is claimed within the vesting period. Users can fully claim the rewards without penalty fee after the vesting period.

Note:

• The rewards for the first epoch will be delayed and distributed on 19 January, 2022. 
• We recommend users to use Metamask to claim APX rewards. 

Terms & Conditions 

• Only ApolloX DEX users are eligible to participate in the DEX Leaderboard Program, while Market Maker accounts are not eligible for the DEX Leaderboard Program rewards. 
• In each epoch, the top 100 users with a ranking score not smaller than 1 in the Referral Leaderboard will get rewards.
• In each epoch, the top 30 users with positive PnL in the PnL Leaderboard will get rewards.
• When multiple users have the same ranking score index, the user who signed up earlier will be ranked first.
• 0x486F003E9CF6c8a1580604b9868C4768B95a91B6 is the contract address where we store the APX to be distributed in each leaderboard program epoch.
• ApolloX reserves the right to cancel or amend any Program or Program Rules at our sole discretion, including but not limited to the weekly prize pool, the formula of the ranking score index and rewards percentages of each ranking. 
• ApolloX reserves the right of final interpretation of this activity.

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.