Dear ApolloX Users:
ApolloX will officially start the 2nd epoch of Trading Rewards Program on 7th January 2022. The 2nd epoch will last for 10 days. The rules of the first 5 days (days 1-5) are consistent with the 1st epoch while in the next 5 days (days 6-10), participants can start to use APX for trading fees.
Starting Time: 00:00 (UTC) on 7th January 2022
Rewards: 1,500,000 APX/Day
2nd Epoch Trading Rewards Program Details：
1. First 5 days (Days 1-5)
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).
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 USDT) 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. Next 5 days (Days 6-10)
In the next 5 days, participants can start to use APX for trading fees. Please note that the unlocked APX in the DEX futures account will be used for trading fees automatically. If users would like to use APX for trading fees, they need to transfer the APX into DEX futures account. The rewards distributed to users will be based on a formula, calculated using their trading fee contributions (incl. APX used) and APX locked amounts for each day.
- Amount of APX = USDT Trading Fees / APXUSDT Index Price;
- The max value for APX to use for trading fees is 0.5 USDT. This means even when the APXUSDT Index Price is greater than 0.5 USDT, the amount of APX used will be calculated based on 0.5 USDT.
- Trading fee contribution is correlated with APX price. The calculation is as follows:
w=(f1*m + f2)*b
r=R*w/sum(w1-wk）
|
w |
Individual score in the day |
|
f1 |
APX Trading fee contributions (in USDT) from a specific user in the day: Amount of APX used * APXUSDT Index Price, APXUSDT Index price will be calculated as 0.5 when it is higher than 0.5 |
|
m |
Adjustment Coefficient |
|
f2 |
USDT Trading fee contributions (in USDT) from a specific user in the day |
|
r |
APX Reward for a specific user for the day |
|
b |
Multiples for boosting the reward after locking APX (b=1 by defult) |
|
R |
Total rewards to be split between all users in the pool for the day |
|
sum(w1-wk） |
Sum of all users’ scores in the day |
|
k |
Total number of users in the day |
Adjustment Coefficient (m)：
For more information, please see Adjustment Coefficient (m).
3. 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 |
4. 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.
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.
- 2nd Epoch is a transitional period for the adjustment of rules. Thus, the amount of release has been reduced.
- 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.