ApolloX DAO has attracted the attention of a large number of users since its launch. Following suggestions from our community, ApolloX plans to open voting for core proposals. Users are welcome to join the discussion on the official ApolloX Discord forum and cast your vote through Snapshot!
Proposer: ApolloX DAO administrator
Quorum vote requirement: 60% of total Power value of the platform, 5,000,000 votes
Voting period: 7 days
To thank everyone for their continuous support and contribution to the ApolloX platform, ApolloX plans to use a portion of its daily USDT fee income to repurchase APX from the secondary market every day, and inject the repurchased APX into the DAO system as a reward to distribute to participating users.
Repurchase method: The platform will allocate a reasonable portion of its daily trading fee income for the repurchase, trigger the repurchase strategy and complete the APX repurchase within the same day. Repurchased APX will be automatically transferred to the veNFT contract address and allocated to DAO staking users
in accordance with the DAO reward rules.
*Platform trading fee income refers to the net income after deducting the liquidity cost, commissions and other miscellaneous costs.
Contract Address: 0x7f878994507F5B0588cF0EBEE07128d9A742ad9d
ApolloX proposes two options for the repurchase ratio of daily trading fee income.
Option 1: Repurchase ratio: 15%
Option 2: Repurchase ratio: 30%
More details about ApolloX DAO can be found in Governance.
Thank you for your continuous support!