Dear ApolloX Users:
ApolloX will officially start the Trading Rewards Program on 28th December 2021. Users can obtain APX token rewards by trading any contract on DEX and locking APX to get bonus rewards. The details are as follows:
Starting Time: 06:00 (UTC) on 28th December 2021
Rewards: 2,000,000 APX/Day
Trading Rewards Program Details：
1. Trade to Earn APX
The first epoch of APX Trading Rewards Program will last 10 days. The rewards distributed to users will be based on a formula, calculated using their trading fee contributions and APX locked amounts for each day. Users will receive the current day’s APX reward on the following day before 3:00 (UTC).
Reward Collection: APX earned through the Trading Rewards Program will have a 15-days vesting period.
- After the vesting period, you can withdraw the APX reward to your wallet which is connected to ApolloX DEX；
- If you want to withdraw APX before the vesting period is over, 10% of the withdrawal value will be deducted and transferred to the trading rewards pool.
Formula：
w=f*b
r=R*w/sum(w1-wk）
|
r |
APX Reward for a specific user for the day |
|
R |
Total rewards to be split between all users in the pool for the day |
|
f |
Trading fee contributions (in USD) from a specific user in the day |
|
b |
Multiples for boosting the reward after locking APX (b=1 by defult) |
|
w |
Individual score in the day |
|
sum(w1-wk） |
Sum of all users’ scores in the day |
|
k |
Total number of users in the day |
2. Boost Your APX Reward
There are three boost levels. The lock-up period is 30 days with the boosting multiple (b) up to 2.5.
|
APX Locked |
Period |
Boosting Multiple（b） |
|
150,000 > APX >= 50,000 |
30 days |
1.5 |
|
500,000 > APX >=150,000 |
2 |
|
|
APX>= 500,000 |
2.5 |
Terms & Conditions
- ApolloX reserves the right to adjust the Trading Rewards Program rules based on user feedback and market reactions after each epoch. Thus, the total APX rewards released is non-linear and may differ for future epochs.
- 0x6bE863e01E17A226c945e3629D0D9Cb6E52Ce90E is the contract address where we store the APX to be distributed in each trading reward epoch.
- 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.