Dear ApolloX Users:
ApolloX will officially start the 19th epoch of the Trading Rewards Program on 26th June 2022. The 19th epoch will last for 10 days. The rules of the 19th epoch are consistent with the 18th Epoch. (Learn More about 18th Epoch)
Starting Time: 00:00 (UTC) on 26th June 2022
Trading Rewards Program Details:
- Total Trading Rewards Pool 9,000,000 APX
- Total APX Staking Rewards Pool 500,000 APX
Users will receive the accumulated APX reward after every epoch, before 03:00 (UTC) on the day of distribution. The Reward based on trading fee contributions will now include Grid Trading fees contribution with a contribution factor of 2.5 so that users can enjoy greater benefits.
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.
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 for each Epoch |
|
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 for each Epoch |
|
v |
Market Maker trading volume for each Epoch 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 in the day. 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 for each Epoch |
|
R |
Total rewards to be split between all users in the APX Staking Rewards Pool for each Epoch |
|
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 |
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, 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.