APX Finance (APX) stands as the leading decentralized exchange (DEX) specializing in crypto derivatives on the BNB Chain. It offers traders and stakers exceptional opportunities by providing both order book and on-chain perpetuals across major blockchains. Traders can enjoy leverage up to 1001x, minimal market slippage, and attractive fee structures. Additionally, it offers the highest stablecoin percentage LP yield compared to other platforms in the perpetual trading space.
The APX DEX caters to a diverse range of users and varies according to trader profiles.
V1 OrderBook Perp
This version utilizes a system that combines "off-chain transaction matching with on-chain fund settlement and custody," ensuring high transaction efficiency and quick response times while safeguarding user funds. Over 90 markets are available for trading with high leverage and highly competitive fees of 0.02% for makers and 0.07% for takers.
V2 On-Chain Perp
This fully on-chain liquidity model ensures more transparent transactions with very low slippage. All trades in V2 are executed against the ALP pool, which boosts capital efficiency by supplying liquidity for all trading pairs. A dual oracle model using Binance Oracle and Chainlink is employed for precise pricing. You can trade in over 25 markets across various asset classes with leverage up to 250x, enjoy low fees, and earn trading rewards. Under Degen Mode, trade with up to 1001x leverage, zero slippage, and no fee for open positions.
What is the APX Token?
The native token of APX Finance is APX. Launched in December 2021, it has a total supply of 10 billion tokens. The first decentralized exchange to list APX was PancakeSwap, with an initial price of $0.0004.
APX token utilities include:
* Paying trading fees in V1 with APX
* Earning APX as trading rewards in V2
* Staking APX in the APX DAO for rewards, increasing trading rewards, and gaining voting power for DAO governance
* Receiving APX as ALP staking rewards in V2
How many APX tokens are currently in circulation?
The genesis allocation of APX was as follows:
* 45% (4,500,000,000 APX) allocated to the Community Treasury;
* 44% (4,400,000,000 APX) designated for users as trading rewards;
* 5% (500,000,000 APX) for Marketing & Partnerships;
* 3.5% (350,000,000 APX) for Retroactive Mining Rewards [Completed];
* 2.5% (250,000,000 APX) for listing on PancakeSwap [Completed].
In 2022, a significant burn took place, reducing 5,755,000,000 APX. Here’s the allocation before and after the burn:
* ApolloX Treasury: 4,455,000,000 APX to 1,100,000,000 APX
* Marketing Expenses: from 500,000,000 APX to 400,000,000 APX
* Trading Rewards: 4,300,000,000 APX reduced to 2,000,000,000 APX
* Total: 9,255,000,000 APX decreased to 3,500,000,000 APX
The 1% burn tax on every APX transaction has since been abolished.
For more details:
* APX Tokenomics
* Retroactive Mining Program
