Dear ApolloX Users:
ApolloX will officially start the 10th epoch of Trading Rewards Program on 28th March 2022. The 10th epoch will last for 10 days. The rules of the 10th epoch are consistent with the 9th Epoch but with some changes. (Learn More about 9th Epoch) There is an amendment to the rewards amount and rewards distribution.
Starting Time: 00:00 (UTC) on 28th March 2022
Adjustments Details:
Rewards:
- 5 days Trading Rewards Pool: 6,000,000 APX
- 5 days APX Staking Rewards Pool: 250,000 APX
Users will receive the accumulated APX reward after every 5 days, before 03:00 (UTC) on the day of distribution. Trading fees generated by the user’s self-dealing transactions will not be counted in the trading fee contributions. You could check your trading fee spent and estimated reward on the trade rewards page.
Trading Rewards Program Details:
The total rewards pool is divided into 2 sections; Trading Rewards Pool and APX Staking Rewards Pool. Under the Trading Rewards Pool, the Trading Fee Contributions Pool accounts for 80% while Market Maker Trading Volume Contributions Pool accounts for 20%. Meanwhile, the APX Staking Rewards Pool will be releasing 50,000 APX per day. Remaining APX rewards from the Trading Rewards Pool will be added into APX Staking Rewards Pool on the day.
The rewards will be calculated using user’s trading fee contributions (incl. APX used), Market Maker trading volume contributions and APX locked amounts for each day.
Trading Rewards Details：
Formula：
r= min(r1+r2, R*Cap_ratio)
r2 = R*0.2*Q / sum(Qi)
|
r |
APX Reward for a specific user every 5 days |
|
r1 |
APX Reward based on trading fee contributions (Learn More from Reward based on trading fee contributions) |
|
r2 |
Reward based on Market Maker trading volume contributions |
|
R |
Total rewards to be split between all users in the pool every 5 days |
|
v |
Market Maker trading volume every 5 days from a specific user |
|
b |
Multiples for boosting the reward after locking APX (b=1 by default) |
|
Q |
Individual Market Maker trading volume contributions scores. Q = v*b |
|
sum(Qi) |
Sum of all users’ Market Maker trading volume contributions scores |
|
Cap_ratio |
The reward cap ratio for every single user 15% for this epoch |
APX Staking Rewards Details：
Formula：
Rs=R*S/sum(Si)
|
Rs |
APX Staking Reward for a specific user every 5 days |
|
R |
Total rewards to be split between all users in the APX Staking Rewards Pool every 5 days |
|
S |
Individual APX staked amount |
|
sum(Si) |
Total APX staked amount |
Reminder：
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 |
APX earned through the Trading Rewards Program will have a 15-days vesting period.
Reward Collection
- 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, 15% of the withdrawal value will be deducted and transferred to the trading rewards pool.
Terms & Conditions
- Self-dealing refers to a transaction where the buy and sell order are filled by the same user's account.
- 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.