Dear ApolloX users,
ApolloX is pleased to launch the DEX Leaderboard Program 2.0. Compared to the DEX Leaderboard Program that we launched on 13 January, 2022, Leaderboard Program 2.0 has two major changes which are explained below.
1. Adjustment to the First Leaderboard - Referral Leaderboard
The adjustment to the first leaderboard which is the Referral Leaderboard will take effect from 31 January 2022, 00:00 AM (UTC).
The factor Referees Trading Volume Ratio in the ranking formula was based on the trading volume from Referees under your account, which will be changed to the total trading volume of your account and the referees under your account. Thus, the Referees Trading Volume Ratio will be calculated using the following formula:
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
2. Introducing the Second Leaderboard - PnL Leaderboard
ApolloX is introducing 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
The PnL Leaderboard’s each epoch will follow that of the Referral Leaderboard. Ranking results are calculated and finalized each week. Every week is defined as Monday 00:00:00 AM (UTC) to every Sunday 23:59:59 (UTC). For example, the first epoch of the PnL Leaderboard will start from 31 January, 2022 00:00 AM (UTC) to 6 Febuary 2022, 23:59 PM (UTC).
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.
- 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...)
- 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".
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. For the first epoch of PnL Leaderboard, the total prize pool is 200,000 APX tokens.
The top 20 users with positive PnL in each epoch will be sharing the prize pool. The split of prize pool among top 20 users is as follows:
|
Rankings |
Rewards Percentages |
|
1 |
20% |
|
2 |
15% |
|
3 |
10% |
|
4 |
9% |
|
5 |
8% |
|
6 |
7% |
|
7 |
6% |
|
8 |
5% |
|
9 |
4% |
|
10 |
3% |
|
11-20 |
Each 1.3% |
Rewards Distribution
The rewards will be distributed on the following Tuesday at 10:00 AM (UTC). 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: 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 20 users with positive PnL in the PnL Leaderboard will get rewards.
- When multiple users have the same weekly PnL results, 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.