The world of DeFi is changing fast. ApeX Protocol is riding that wave. Their focus on fresh ideas, tokenomics, and significant product development makes them a DeFi champ. Let’s explore the $APEX token. It’s a solid choice for those new to crypto investing or trading.
What’s up with ApeX Protocol?
Things are looking good for ApeX Protocol. They’ve seen lots of growth, with their Total Value Locked (TVL) jumping past $60 million by December 2023. That shows people trust and engage with the platform. Plus, a planned 10-15% supply cut from the treasury should boost the $APEX token’s value.
The ApeX Product Development Plan
ApeX Protocol is forging ahead with strategic partnerships – brokers, trading tools, trading groups, and terminals. It’s making the platform more user-friendly. It feels like using a central exchange but with DEX’s safety, privacy, and control. No wonder it’s always one of the top-rated DEXs. They’re a strong and imaginative player in the DEX world.
Buyback and Burn: What’s that?
Buyback and Burn Mechanism’s introduction lets $APEX holders swap tokens right on ApeX. This increases the token’s rarity and boosts long-term value.
Social Trading
ApeX is working on social trading features, like DIDs, SBT (soul-bound token) minting events, and copy trading and other tools. These tools will foster user interaction and platform use.
Circulating Market Cap and Expanded Exchange Listings
The circulating market cap of $APEX is still small, offering a distinct chance for investors who want to grab the token’s potential gains. ApeX plans to extend its market presence by listing on both decentralized and centralized exchanges, including MEXC listing of the $APEX token scheduled for January 2024.
LP Revenue Sharing Programs
The upcoming LP revenue-sharing programs will let liquidity providers participate in revenue sharing, earning impressive yields in USDC. The ApeX Staking Program, now live on Arbitrum, Ethereum chains, and soon on the Mantle chain, lets participants earn weekly USDC rewards.
About ApeX Protocol
ApeX Protocol is a non-custodial and permissionless derivatives decentralized exchange. It uses an order book model and offers USDC and USDT cross-margined perpetual contracts. Features include up to 50x leverage, instant settlement, and low fees.
What’s so good about ApeX?
Well, ApeX brings to the table a familiar way to order books, and trade without giving up control, minimum fees, and support for multiple chains. Speedy transactions upgraded safety, and profit-sharing programs make it a top pick for both new and seasoned traders.
The rundown on $APEX Tokens (Tokenomics)
A total of 1,000,000,000 $APEX tokens exist. 23% of them are for the main team and early supporters, with the rest, 77%, used for rewards, growing the ecosystem, and jump-starting liquidity. Out of all, 25,000,000 $APEX will create $BANA – an exclusive reward token from ApeX Pro. This is done through their main program, Trade-to-Earn. To encourage long-term commitment the tokens vanish gradually over four years.
To wrap it up, the $APEX token is a terrific chance for new investors or traders in digital currency. With its well-thought-out product growth plans, strategic collaborations, and dedication to invention, ApeX Protocol is all set to leave its mark in the DeFi space.
Some unique safety features make ApeX Protocol a secure choice for newbies:
1. Control in trading: ApeX Protocol works in a non-custodial manner. This means users have total power over their assets and data during trading. They own all – keys, assets, and data. No worries that come with centralized exchanges.
2. On-chain data storage and retrieved: ApeX Protocol uses StarkEx and Validium tech. It helps store and find trading data right on the blockchain.
3. Solid privacy and security: ApeX Protocol makes use of zk-proofs and Validium. It hides trades to keep them safe and private.
4. Several-chain support: ApeX Protocol opens up to many blockchain networks. It lets users deposit and withdraw in any crypto wallet they like. It lowers risk by not relying on just one network.
5. Regular smart contract checks: ApeX Protocol’s contracts get checked often by trusted third-parties. This makes users trust the platform’s foundation.
6. No-central infrastructure: ApeX Protocol uses a no-central system. Fewer failure points mean less risk from bad actors and more resilience to attacks.
These plus an easy interface and full product list make ApeX Protocol a dependable starting point for newbies in decentralized finance.
