ApolloX is the largest decentralized crypto derivatives exchange built on the BNB Chain, revolutionizing Web3 trading.

The platform offers two trading modes: ApolloX V1 Orderbook Perpetual Contracts for lower fees and a CEX-like experience, and ApolloX V2 On-Chain Perpetual Contracts for more decentralization and transparency.

On ApolloX, users can trade a wide selection of crypto and forex perpetual futures with up to 200x leverage. APX is the native token of ApolloX.

For more information, visit ApolloX DEX: www.apollox.finance.

ApolloX DEX caters to multiple types of users and accommodates different trader profiles.

ApolloX V1 OrderBook Perps utilizes an "off-chain matching + on-chain settlement" model to achieve high transaction performance, excellent market depth, and fast response speeds while ensuring the safety of users funds. ApolloX V1 hosts two trading interfaces: Classic Mode, the original order book interface, and Lite Mode, a simpler trading interface suitable for beginners. ApolloX V2 On-Chain Perps trade against the ALP liquidity pool. Staking users can stake ALP to become market makers for V2 trading and earn staking rewards.

In April 2022, ApolloX announced the launch of ApolloX 2.0. Under ApolloX 2.0, ApolloX burned 5,755,000,000 APX and transitioned towards a DAO structure.

APX is the native token of ApolloX. APX was launched in December 2021 with a total supply of 10 billion APX. The first listing DEX for APX is PancakeSwap, with a listing price of $0.0004.

APX utilities include using APX as trading fees in V1, earning APX as trading rewards in V2, and staking APX in ApolloX DAO to earn staking rewards, boost trading rewards, and obtain voting power for DAO governance.

Genesis allocation of APX:

• 45% (4,500,000,000 APX) to Community Treasury;
• 44% (4,400,000,000 APX) to Users as trading rewards;
• 5% (500,000,000 APX) to Marketing & Partnerships;
• 3.5% (350,000,000 APX) to Retroactive Mining Rewards [Completed];
• 2.5% (250,000,000 APX) to list on PancakeSwap [Completed].

With ApolloX 2.0, 5,755,000,000 APX will be burned. Amount before and after the burn:

• ApolloX Treasury: 4,455,000,000 APX → 1,100,000,000 APX
• Marketing Expenses: 500,000,000 APX → 400,000,000 APX
• Trading Rewards: 4,300,000,000 APX → 2,000,000,000 APX
• Total Amount: 9,255,000,000 APX → 3,500,000,000 APX

There is a 1% tax on every transaction. All tax, except for special use cases like staking, will be burned.

Further reading: APX Tokenomics, Retroactive Mining Program

APX is available for trading on ApolloX DEX, PancakeSwap (Swap Pool: APX-BUSD), and other cryptocurrency exchanges.