Introduction of BSC AMA Moderator
Introduction of ApolloX Captain
Hi everyone, I am Captain X, the founder of ApolloX. Thank you for joining this AMA. I am very excited to share more about ApolloX with you.
Introduction of ApolloX
ApolloX is the first CEX-DEX hybrid crypto derivatives exchange. Our CEX launched on 1 September 2021 and our DEX went live in November. We offer easy and safe trading of USDT-margined perpetual futures with more buying power (up to 100x leverage).
We are currently working hard to add various user-friendly functions and more trading pairs. Our users are from all over the world, so we also offer up to 16 languages on our website and more are on the way. You can visit our CEX at www.apollox.com. DEX will be www.apollox.finance.
Segment 1: Q&A
Q1: Could you share with the community what are some of the advantages of using ApolloX’s platform?
A1: Love your question! Few things I'd like to mention. We have a world-class matching engine so transactions are safe and fast. We are the world’s first hybrid exchange, which offers both CEX and DEX. We also provide deep liquidity with a joint order book of CEX and DEX.
Q2: Speaking of decentralised exchange, APX has ranked as the top 5 DEX globally. Congratulations on that! What do you think makes APX different from other exchanges?
A2: Thank you for that, I do want to mention about our DEX, which we think is the future. There are many advantages of our DEX such as users trading directly with their wallets, which means they have control over their funds and they can stay anonymous.
We are probably the first DEX that offers 100x leverage futures trading. I think many crypto traders are maturing and willing to try out DEX. For beginners, they could use our CEX since we cater to both kinds of traders. This makes us truly unique from other platforms.
Q3: IDO on Tuesday?
A3: Yeah, we did it last Tuesday. It went pretty well. The price went up more than 100x on the launch day. We have also distributed a round of airdrop to early users and contributors and they are very happy about it!
The price dipped a bit after the airdrop tokens were unlocked. But if you look at our market cap, it is still much lower than competitors like dydx, thus it may be worth taking a look. You can check out the link for more information. https://pancakeswap.finance/swap?outputCurrency=0x78f5d389f5cdccfc41594abab4b0ed02f31398b3&inputCurrency=0xe9e7CEA3DedcA5984780Bafc599bD69ADd087D56
Q4: Users must be curious about the token, may I know the use case?
A4: Sure, it is our platform token. As with other exchange tokens, you would expect that staking APX would get additional privileges on our exchange.
Right now users can stake their APX to get more trading rewards. We also have a few other products in development which would add value to APX.
Q5: What do you think drives the price to rise more than 100x?
A5: Community acknowledgement would be the most important reason. We saw many users sharing that they are very satisfied with our product, and that this is the best DEX futures platform they have used thus far.
Some of our key contributors to this rise would be our KOLs. They have helped to advocate for us to their communities. You can find many of our KOL videos about the ApolloX exchange on Youtube.
Q6: What is the initial supply of the APX token on PancakeSwap?
A6: We have allocated 250,000,000 APX tokens to be listed on PancakeSwap. You can check the token allocation here: https://docs.apollox.finance/apx-token/allocation
Q7: What was the listing price of APX token?
A7: The listing price on PancakeSwap was $0.0004.
You can follow the market price as per the link above.
Q8: Would there still be any opportunities for users now?
A8: For sure, we just started our trading reward program today, which would account for 44% of total allocation. Starting from today (28th Dec) on our DEX, users will be able to participate in an event where they will get rewards from trading. Users would be rewarded with APX.
For more information, you could refer to: https://apollox.zendesk.com/hc/en-us/articles/4413129419161-ApolloX-Will-Launch-Trading-Rewards-Program-on-28th-December-Lock-APX-to-Boost-Your-Rewards
Q9: Do you have any tips on how to get more rewards?
A9: Since the daily token reward is fixed, I would say definitely start early when everyone has not started yet. This would mean your split would be larger with the same trading volume.
Kindly ensure that you read the announcement carefully, for example we have an accelerator for people who stake APX, so you might want to consider how much APX to stake if you would like to participate.
Q10: Often security comes to mind when users first start to explore a new platform, what is your view on security and how are you able to assure users that their crypto tokens are safe?A10: Security is indeed very important. As we mentioned earlier, our DEX users have control over their own funds, which offers more privacy and autonomy.
For CEX of ApolloX, crypto tokens are stored in cold wallets, which you know are kept offline. To protect accounts from unauthorized access, we implemented 2FA. You can also manage which devices have access to your ApolloX account. An additional security step is required when there is a new device login or a new IP address.
You can create a list of whitelisted crypto addresses with the option to only allow withdrawals to these whitelisted addresses.
Q11: Customer service is extremely important especially when you are still gaining the trust of your community, how does ApolloX stand out when it comes to customer support?
A11: Our customer support team was one of the first teams we assembled. Crypto markets are open 24/7 so we knew that we needed to offer dedicated support for our users.
Our customer support team undergoes regular training on new product features and campaigns on ApolloX. They always stay updated and ready to help. Aside from doing a good job on the customer service tickets, our CS also has access to the ApolloX Telegram group and can provide urgent support if needed. May I share our tg group here? Thanks.
Q12: What are some of Captain X’s ambitions for ApolloX’s future?
A12: We do want to build the best futures DEX, which we think is already an immense project. We will add more trading pairs as required by users and we will support more chains for our DEX.
I also want users to try our products as the trading experience on our DEX is quite similar to the best CEX platforms. You will be surprised about how smooth our user experience is. We believe that users will have more confidence in us after testing our product.
Note: The following questions contain information about ApolloX and BSC's X'mas giveaway. The giveaway has ended as of December 29, 2021.
Q13: Are there any features that the users should know about? Anything exciting in the pipeline that would interest non-users to join as well?
A13: Yes definitely, we will have a Christmas Giveaway tomorrow where users will have more opportunities to win APX tokens (more information here: https://apollox.link/bsc-xmas-register).
In addition, there will also be more rounds of our token airdrop, so join our community to be updated and stay tuned! We also have other products in development, such as prediction and gamefi, which would be very interesting.
Q14: You mentioned the Christmas Giveaway, could you tell us more about it?
A14: We will be collaborating with BSC for their Christmas Giveaway tomorrow, 29 December 2021, for 24 hours only. We have prepared amazing rewards such as $5,000 APX tokens and $1,000 BUSD for the giveaway. The best part is, all qualified users will walk away with a reward!
Q15: That sounds exciting! How can users participate?
A15: You can participate by fulfilling these 3 simple steps:
- Follow @ApolloX_com + @BinanceChain on Twitter here [apollox.link/bsc-xmas]
- Complete one trade with any amount on ApolloX DEX [apollox.link/dex]
- Register to qualify [https://apollox.link/bsc-xmas-register ]
Then you are all set.
Segment 2: BSC Community Questions
Q1: Who are you collaborating with and plan to collaborate with in the future as your partners? #APX_AMA
A1: We will definitely work closely with BSC, since our DEX is run on BSC only for now. Pancake would be another one, I think we are in the top 5 trading tokens on Pancake the past few days. We will also work with other blockchain projects, communities and kols as well.
Q2: For ApolloX DEX product, it currently only supports 3 wallets, any plans to integrate more chains and wallets? (e.g. Solana) #APX_AMA
A2: We do have plans for this for sure. Maybe we should hold polls in our community. Do join and vote!
Q3: Currently how many perpetual contracts are listed in apollox dex? #APX_AMA
A3: We have 14 perps for now, they basically cover major and hot coins.
Q4: Apollox have launched Affiliate Program. How does this program work? Can small influencers get benefits from it? #APX_AMA
A4: Love your question. Sharing our links below, you’re welcome to join~
Q5: #APX_AMA What's the advantage of hybrid exchange?
A5: Users can choose the one that serves you the best. DEX for those who want to have control of their funds. CEX is more for beginners, which is easier for onboarding. Our DEX and CEX share liquidity, which ensures all users would get the best execution price.
Q6: Security is the most important thing to consider when starting a project, how safe is the ApolloX platform for users and investors? #APX_AMA
A6: As we mentioned, basically we do have all the security measures most CEXs would have, like keeping most tokens in cold wallets and implementing 2FA. And if you want to have more control of your funds, you could choose DEX.
Q7: #APX_AMA Almost 80% investors have just focused on price of token in the short term instead of understanding the real value of the project. Can you tell us the motivations and benefits for investors to hold your token for the long term?
A7: Cannot agree more. We are a DEX futures exchange. If you agree more users will move to DEX, you can imagine that APX would be the next FTT or even BNB.
Q8: In order to develop a game-changing product, you need a versatile and experienced team. Could you say a few words about them? #APX_AMA
A8: We do have a strong team with diverse backgrounds. We are from IT companies, investment banks, and we have team members who used to work for top crypto exchanges.
Thanks for attending the AMA, BSC community! Do remember to participate in the Xmas giveaway tomorrow. (Note: This giveaway has ended as of December 29, 2021 23:59 UTC)
Risk Reminder: Crypto trading carries a 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 any financial product.
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