April was a whirlwind for ApeX!

We started the month strong with our quarterly token burn, bringing down the total supply of $APEX to 700M tokens. Joined TOKEN2049 in Dubai, and co-hosted and co-sponsored key events like Crypto Fight Night, A Gateway to Web3 Mass Adoption and Dubai Nightopia. In addition, we launched a campaign promoting a switch to non-custodial wallets with 10,000 USDC in rewards and celebrated Bitcoin Halving with BTC Halving Trading Frenzy with 10,000 USDC, $ORDI and Runestone up for grabs. Finally, we successfully implemented the esAPEX12 strategic solution for presale token unlock.

Let's take a moment to reflect on the key highlights that made this month truly memorable.

1. Token2049 Weekend: Dubai Nightopia, A Gateway to Web3 Mass Adoption and Crypto Fight Night

ApeX made a splash at TOKEN2049 in Dubai! We kicked things off by co-sponsoring Dubai Nightopia and we amped up the excitement by offering all ApeXers an exclusive chance to win VIP tickets on X. These tickets, valued at $250, gave lucky winners access to unlimited drinks and entry to the VIP area!

Next up, we unveiled our ambitious roadmap at A Gateway to Web3 Mass Adoption, a networking event which we co-hosted with Bybit Web3 and Moledao. Tekla I, Head of Business Development, took the stage to share her insight into the upcoming launch of ApeX Omni.

Moreover, we co-sponsored Crypto Fight Night, where crypto champions went head-to-head in a bout that had the whole crowd on the edge of their seats! Missed the action? Not a problem! Watch the replay to relive the excitement and wait for 3:59:55 for a special addition.

In addition to these 3 events, we attended both days of the TOKEN2049 conference, where we forged valuable connections and absorbed insights from leading figures in the industry.

2. Switch to a Non-Custodial Wallet and Win From a 10,000 USDC Prize Pool

We're keeping an eye out on evolving regulatory landscapes and are actively encouraging users to transition to non-custodial wallets. To incentivize you to make this switch, we kickstarted a campaign with a prize pool worth 10,000 USDC! Simply set up a non custodial wallet, connect it to ApeX and inform us of this switch via Google Form to grab your share of the prize pool.

The first 1,000 participants who join the event by May 13, 2024 at 10 AM UTC will receive a 10 USDC bonus. Head over to our blog for all the details on how to participate and claim your rewards.

If you've made the switch already and filled in the form, head to Rewards Center to claim your well deserved rewards. Don't miss out on this opportunity to embrace self-custody and earn 10 USDC!

3. BTC Halving Trading Frenzy: Compete for Runestone, $ORDI & 10,000 USDC

This month marked a significant milestone for the crypto community with Bitcoin Halving taking place on April 20, 2024. We celebrated this milestone at ApeX by launching Bitcoin Halving Trading Frenzy!

So far, the competition has been a tremendous success, with over 450 participants generating up to $200M in trading volume! If you haven't signed up, it's not too late — the competition ends on May 9, 2024 at 10 AM UTC.

To compete, sign up for the campaign and trade any contracts on ApeX Pro to climb to the top of the leaderboard. If you're among the top 3 contestants, remember that you'll need to set up a BRC-20 Wallet to receive your ORDI tokens and Runestone. Simply provide us with your BRC-20 wallet address on the Google Form which we'll publish in the following few days after tabulating the competition results.

Rack up your trading volume to compete for Runestone, ORDI tokens, as well as a share of a 10,000 USDC prize pool! Don't miss out on this opportunity to make the most of the market movements!

4. esAPEX12 Strategic Solution Administered

Another highlight of April was the launch of esAPEX12 strategic solution, designed to sustainably manage token unlock for investors and the core team. The esAPEX12 pool, now live on Mantle Network, moderates the influx of tokens into the market while safeguarding interests of both secondary markets as well as the core team and investors.

Newly released $APEX tokens designated for both the core team and investors will be deposited in the esAPEX12 pool. Investors and core team members will receive liquidity provider (LP) tokens based on their initial investment ratio. These LP tokens represent their right to receive sales income from $esAPEX12 in USDT. Third party purchasers will be able to buy $esAPEX12 tokens at a discounted rate of 40% and recieve the $APEX governance tokens following a 12-month lockup period. Visit our official Github page to view the deployed contract. For all the details, check out our blog.

5. $APEX Burn Tranche 2 Complete

Another memorable moment of this month was the completion of our 2nd successful token burn, as part of our commitment to revamp the tokenomics of $APEX and enhance the value of $APEX, for it to better align with the value of the project.

This burn brought down the total supply of $APEX to 700M tokens and represents yet another milestone in our strategic initiative to reduce the token supply by 50%, from 1 billion to 500 million tokens. For a deeper dive into all the details of the second burn, check out our blog.

6. ApeX Blog Revamp: Better UI/UX and Enhanced Navigation

This month, our revamped ApeX Blog has arrived, boasting an upgraded user interface, smoother article navigation, and increased customization options. Keep an eye out for all the latest updates (like this one) presented in a sleek and user-friendly format.

Coming Soon

1. ApeX Omni

Get ready for ApeX Omni, a brand new product line by ApeX Protocol coming your way very soon!

Built on a modular, intent centric architecture, Omni is designed to address liquidity fragmentation and existing constraints with multichain trading in a cost-effective and user friendly way. Rivaling centralized exchanges, ApeX Omni aims to provide a diverse product line up, prioritizing user needs and market demand at the forefront of its development.

The roadmap for ApeX Omni is packed with exciting features, including a spot trading platform, pre-market trading for perpetual pairs, community liquidity vaults, and a web3 social trading platform powered by ApeSoul, our native soulbound token.

For a deeper dive into these developments, keep an eye out for ApeX's upcoming Litepaper, which will provide a more comprehensive overview of our plans. For all the details of how we're integrating soulbound tokens to drive our decentralized social trading framework, check out this blog. Further, you can explore the complexities of liquidity fragmentation and its impact on market efficiency in this blog.

As you can see, we've had a packed month here at ApeX. With many developments on the horizon, we're continuously evolving to shape our offerings to better fit your needs. As we head into May, we're particularly excited to share ApeX Omni with you!

Keep an eye out to our blog and socials for all the details and, as always, happy trading!