Dear ApolloX Users,
The proposal created on 8th July 2022 on Snapshot to repurchase APX with trading fee income has passed with 5,131,346.11 voting power for 30% repurchase ratio. Here’s how the proposal will be implemented:
Repurchase method: Starting 18th July 2022, the platform will allocate 30% 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.
*The platform fee income is the net income after deducting liquidity cost, commission rebates and other forms of expenses*
Contract address: 0x7f878994507F5B0588cF0EBEE07128d9A742ad9d
Users can check the repurchase rewards amount on the ApolloX DAO page, as shown in the image below:
Click the following for more details on DAO:
Risk Reminder: 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.