Saint Vincent, the Grenadines,, October 1st, 2024, Chainwire
ApeX Protocol, a leading decentralized exchange platform, proudly announces the deployment of a series of strategic tokenomics updates designed to enhance the long-term value and stability of its native token, $APEX. These updates are set to enhance the ApeX ecosystem, benefiting token holders, early investors, and the broader community.
esAPEX12 Strategic Solution: Now LiveApeX has officially launched the esAPEX12 Strategic Solution, addressing common challenges associated with pre-sale token unlocks, such as price volatility and inflationary pressures.This innovative mechanism ensures a smooth, controlled release of $APEX tokens, protecting the token price from market fluctuations and providing a more predictable environment for investors and users.
The esAPEX12 pool, hosted on the Arbitrum network, allows unlocked $APEX to be converted into esAPEX12 tokens, which are available for third-party purchase with a 12-month lockup period. This approach ensures a steady and strategic distribution of $APEX, balancing market demand while offering a 40% discount to new buyers. For a detailed guide on how to purchase tokens at the discounted rate, clickhere.
Introducing the Buy-Back and Share (BBS) ProgramSet to launch in the coming weeks, ApeX is excited to introduce the Buy-Back and Share Program. This innovative initiative will utilize fee revenues to repurchase $APEX tokens from the market, which will then be distributed as rewards to long-term participants.By creating consistent buying pressure, this program enhances $APEX’s value while allowing users to accumulate more tokens over time.
The BBS program is poised to become a cornerstone of ApeX’s ecosystem, helping loyal participants maximize their returns and advantageously position themselves to earn future rewards, including stablecoins, as the platform evolves.
$APEX as the Trading Fee Token — Coming in Q4 2024ApeX is further enhancing its tokenomics by utilizing $APEX as the trading fee token on the ApeX Omni DEX at the end of Q4 2024. Users opting to pay their trading fees with $APEX will enjoy discounted fees, creating an added incentive for token usage.In a deflationary move, all $APEX tokens collected as fees will be burned, reducing the overall supply and contributing to the token’s value appreciation over time.
Deflationary Tokenomics ModelThe combined strategies of esAPEX12, the Buy-Back and Share Program, and $APEX’s use in trading fees will result in a robust deflationary tokenomics model, benefiting the community at large.
ApeX is committed to enhancing its native token — $APEX, through controlled releases, strategic buybacks, and a token-burning mechanism, ensuring long-term growth and value for all stakeholders.
About ApeX
Founded with the mission to provide a decentralized, permissionless, and self-custodial trading experience, ApeX offers seamless multi-chain deep liquidity and a robust order book interface to cater to traders in the crypto market. ApeX Omni is the latest product from ApeX Protocol. With its cutting-edge multi-chain liquidity aggregation, modular intent-centric architecture, and advanced zero-knowledge proof security, ApeX Omni delivers unparalleled performance and safety.
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This article was originally published on Chainwire
Source: Investing.com