APEX Protocol

ApeX is a decentralized and non-custodial derivatives protocol that facilitates the creation of perpetual swap markets for any token pair. It allows users to relegate crypto derivatives on the Ethereum blockchain with no intermediaries involved while maintaining total control over their private keys.

Key features of the ApeX Protocol include:

• Permissionless cryptocurrency perpetual contract trading with leverage - just like traditional futures contracts, perpetual contracts are similar and there is no expiration. Perpetual Contracts is similar to a margin-based spot market where a user can trade close to the underlying reference index price. A good number of DeFi projects that perpetual contracts for traders include dYdX, Injective, Perpetual Protocol, etc.
• Elastic Automated Market Maker (eAMM) - plays the role of a central counterparty on DeFi protocols, allowing assets to be traded in a permissionless and instant manner by using liquidity pools instead of a traditional order-book model
• Protocol Controlled Value (PCV) was inspired by the Total Value Locked (TVL) model, whereby all assets locked in smart contracts are ultimately owned by the protocol and not redeemable by users. This approach guarantees liquidity of each perpetual contract market and users can rest easy knowing that no liquidity provider can pull out the protocol-owned liquidity

$APEX is the native token of the protocol with a maximum supply of 1,000,000,000 and serves the following utilities:

• Governance - token holders are entitled to submit and vote on protocol governance proposals
• Protocol Incentivization - users can earn $APEX tokens through participation rewards and liquidity mining on the ApeX protocol
• Staking - users can stake $APEX tokens to earn rewards in $APEX tokens

APEX token distribution is as follows:

Team and early investors - 23%

• Core team & advisors (15%)
• Early investors (8%)

Strategic DAO Allocation - the remaining 77% is allocated to the DAO and community. These include allocations for participation rewards, ecosystem building, and liquidity bootstrapping

• 100% unlocked at TGE but tokens allocated to the DAO will be locked for 36 months
• Trading, staking, bonding and other participation rewards are 10% unlocked at TGE with linear vesting over 48 months

ApeX NFT has the subscription interest of the protocol’s governance token, as well as the proof of equity interest of its VIPs in ApeX’s future loyalty program. Apart from trading and token equity attributes, ApeX NFTs are valuable as art collection pieces. The public sale of the ApeX NFT has paved the way for the ApeX protocol to communicate and build its brand value and culture to audiences in the Web 3.0 space.

Summary:

• Users can trade any $Web3, $DeFi, $meme, and/or $Game tokens on the derivatives market with 10X leverage
• Elastic Automated Market Maker (eAMM) and Protocol Controlled Value
• Leverage the rebase mechanism for price anchoring and adjust price differences
• Users can becomes the market maker on ApeX protocol for their preferred tokens
• Purchase ApeX’s governance token and stake to earn
• 30% of the trading fees on the ApeX protocol is allocated based on a weighted average to all users who’ve successfully staked $APEX
• loyalty program and tiered fee schedule is launched as long-term user incentives