Dear ApolloX Users,
ApolloX will launch our brand new GameFi product: NFT Lottery Game. Users can start playing the game from 08:00 AM (UTC) on March 17, 2022. Through the NFT Lottery Game, users can create unique, customisable NFTs, share prize pool bonuses and even earn additional trading rebates!
The Lottery Game will have multiple rounds. Each round is a standalone round and does not affect the previous or upcoming rounds. At the beginning of each round, the price of the NFT lottery ticket and the game countdown timer will reset to the initial ticket price and the initial game duration, respectively. As a bonus, ApolloX will inject 100,000 APX into the Lottery Pool in the first round of the game to give users more rewards!
Basic Game Rules
In each game round, players have to use ApolloX’s native token APX to purchase and mint NFT lottery tickets. A user can mint multiple tickets in each round, but only one ticket is allowed to be minted at any one time. This means that all other users would have to wait until the mint is completed. Every successful mint of a lottery ticket increases the next lottery ticket price and adds an additional amount of time to the countdown timer.
The first round starts off as follows:
- Participating asset: APX
- Initial lottery ticket price: 100 APX
- Initial game duration: 24 Hours
- Maximum game duration: 24 Hours
- Lottery ticket price increase (with each successful mint): 100 APX
- Countdown timer increase (with each successful mint): 10 Mins (The remaining game duration will not exceed the maximum game duration, that is 24 hours)
ApolloX Rockets NFT Privilege
ApolloX Rockets NFT holders have priority access to mint lottery tickets. One Rockets NFT entitles the user to one priority access mint. Once the mint is successful, the same Rockets NFT cannot be used for another priority access mint in the current round. Users can view their used and unused Rockets NFTs for each round on the game landing page.
For the first round, until the total prize pool reaches 200,000 APX (this includes the initial bonus from ApolloX), no other users can participate. Once the total prize pool reaches 200,000 APX, the game will be unlocked to all users.
Prize Pool Distribution Rules
APX funds from the minting of NFT lottery tickets will flow into Lottery Pool, NFT Staking Pool, Quick Bonus Pool or APX Burn Pool in a specific ratio.
The distribution ratio in the first round of the game is as follows:
|
Prize Pool |
Distribution Ratio |
|
Lottery Pool |
25% |
|
NFT Staking Pool |
30% |
|
Quick Bonus Pool |
15% |
|
APX Burn Pool |
30% |
Lottery Pool and NFT Staking Pool rewards will be distributed to winners only after each game round ends. Quick Bonus Pool rewards will be distributed during the game round itself. Please read the following for the specific distribution rules for each prize pool:
Lottery Pool
At the end of each game round, the last user who successfully mints a lottery ticket will be rewarded with the full Lottery Pool bonus. After verification from ApolloX, the winning user can claim the bonus via "Claim Rewards" on the game landing page.
NFT Staking Pool
Lottery NFTs are categorized into 4 levels which determine their corresponding benefits. NFT levels depend on the ticket minted and are randomly generated. Users can view their Lottery NFTs on the game landing page or “My NFT Tickets” on the staking page.
Lottery NFTs minted in each game round can be staked to receive the current round’s NFT Staking Pool bonuses. Users have to stake their NFTs before the game round ends to receive the bonus. Please note: Users who stake their NFTs after the game ends will not receive any bonuses. Users who stake NFTs that were not minted in the current round are also not eligible.
The NFT Staking Pool bonus will only be distributed to users after each game round ends. ApolloX will distribute rewards to users according to the levels of the staked NFTs and their corresponding weightage. Winning users have to claim their bonuses via "Claim Rewards" on the game landing page.
In the first round, the Lottery NFT levels and corresponding bonus weightage are as follows:
|
Lottery NFT Bonus Weightage |
||
|
NFT Type |
Level |
Bonus Weightage |
|
Lottery NFT |
Level 1 |
1 |
|
Level 2 |
2 |
|
|
Level 3 |
3 |
|
|
Level 4 |
4 |
|
User NFT bonus = Total NFT Staking Pool bonus amount * Sum of user’s staked NFT bonus weightage / Sum of all users' staked NFT bonus weightage in the current round
Quick Bonus Pool
Each time an NFT is minted, all users who have participated in the current round will receive a bonus from the Quick Bonus Pool. The bonus amount is determined based on the number of mints a user has in the current round. Users have to claim their bonuses via "Claim Rewards" on the game landing page.
The bonus distribution formula of the Quick Bonus Pool is as follows:
User Quick Bonus = Current total amount from NFT lottery ticket mints * Quick Bonus Pool distribution ratio * The number of mints from the user / the total mints by all users in the current round
NFT Additional Benefits
Additional APX Trading Rebates
Staking Lottery NFTs and Rockets NFTs will also earn the user additional trading rebates in APX. Do note that only NFTs that have been staked for a full 24 hours can enjoy the current day’s APX rebate. Multiple NFTs can be staked to earn more rebates, but the total daily rebate will not exceed the user’s trading fees paid in APX yesterday. APX rebates have no vesting period. Users can navigate to “NFT Staking” on the staking page to check and claim their rebates on the following day.
In the first round, the details and calculation of rebates based on NFT type and levels are as follows:
|
Additional APX Trading Rebates |
||||
|
NFT Type |
Level |
Additional Rebate Rate |
Daily APX Rebate Cap |
Rebate Validity Period |
|
Lottery NFT |
Level 1 |
10% |
500 APX |
Within 10 days of NFT being minted* |
|
Level 2 |
20% |
1000 APX |
Within 10 days of NFT being minted* |
|
|
Level 3 |
30% |
2000 APX |
Within 10 days of NFT being minted* |
|
|
Level 4 |
40% |
5000 APX |
Within 10 days of NFT being minted* |
|
|
Rockets NFT |
— |
10% |
50 APX |
Until 25 June, 2022 23:59 PM (UTC) |
* Minting time and date will be displayed on the NFT.
- Single NFT APX rebate amount = min (the amount of APX deducted as user’s trading fees yesterday * additional rebate rate, NFT daily rebate cap)
- Multiple NFTs APX rebate amount = min ( sum (single NFT APX rebate amount), the amount of APX deducted as user’s trading fees yesterday)
Customizable NFTs
Each Lottery NFT design is unique and includes a serial number, minting time, minting date and a coin symbol (APX, BTC, ETH, or BNB). In addition, players can customize their NFTs with a short message of their choice. The following elements are supported for customization: numbers (0-9), uppercase and lowercase letters (a~z, A~Z) and some special characters ( ! " # $ % ( ) * + , -. : ; ). Users can include a message of up to 50 characters when creating their unique NFT.
See here for a guide on the NFT Lottery Game:
NFT Lottery Game on ApolloX DEX: Step-by-Step Guide
Terms and Conditions
- All ApolloX DEX users can participate in the NFT Lottery Game. Rewards can be obtained when users meet the winner requirements of each prize pool.
- The Quick Bonus Pool will distribute bonuses in real time, while the Lottery Pool and NFT Staking Pool bonuses are distributed after the end of each game round.
- Each day refers to 00:00:00 (UTC) to 23:59:59 (UTC). Only users who stake their NFTs for a full 24 hours can claim the corresponding daily APX rebates.
- ApolloX has the right to adjust the game rules based on user feedback and market conditions after the end of each game round.
- The funds for additional APX trading fee rebates are provided from a portion of the platform’s total APX transaction fees.
- ApolloX reserves the right of final interpretation for this event.