Saint Vincent, Grenadines, January twenty second, 2024, Chainwire
ApeX Protocol, a number one participant within the cryptocurrency buying and selling house and one of the highest non-custodial derivatives decentralized exchanges (DEX), is thrilled to announce the extremely anticipated launch of Trade-to-Earn (T2E) Round 2 as of January 22, 2024. Following the success of the inaugural occasion in November 2022, T2E Round 2 guarantees an much more rewarding expertise for ApeX merchants with enhanced incentives and a revamped rewards construction.
T2E is a 52-week-long program the place merchants can earn rewards primarily based on their buying and selling exercise. The extra trades executed, the higher the rewards gathered. This 12 months, ApeX is introducing thrilling updates to make the journey much more rewarding for contributors.
Key Highlights of T2E Round 2
- Introduction of $BANANA Token: T2E Round 2 is facilitated by a brand new $BANANA token on the Ethereum community. A complete of 10,000,000 $APEX is locked over a 12-month interval to mint $BANANA, at an preliminary redeem fee of 0.001. Reward tokens, distributed robotically on a bi-weekly foundation, can be granted to customers buying and selling (*2*).
- Enhanced Rewards Pool with Potential Airdrop Alternatives: T2E Round 2 introduces an enhanced rewards pool, offering additional layers of incentives and advantages for ApeX merchants with potential airdrop alternatives. Along with $BANANA rewards, contributors have the chance to say rewards in associate venture tokens. The distribution of airdrop rewards can be decided by merchants’ actions (T2E rating) and project-specific components within the coming months.
- Maximizing Rewards in 3 Steps:
- Swap: $BANANA may be simply swapped for USDT through the $BANANA-USDT pool at any time in the course of the 52 weeks.
- Add Liquidity: By including $BANANA and USDT to the $BANANA-USDT Pool, merchants can purchase LP Tokens. Larger LP token holdings end in amplified $BANANA rewards on the conclusion of every epoch.
- Maintain and Redeem: Holders of $BANANA can redeem $APEX governance tokens on a pro-rata foundation after the occasion interval. Acquired $APEX may be utilized in ApeX’s revenue-sharing program by means of staking, additional enhancing customers’ holdings with an extra passive income-generating software on ApeX.
T2E occasions are aligned with the rules of crypto and decentralized finance, aiming to reciprocate to the neighborhood by enabling them to develop their wealth in a good, clear, and rewarding method.
Tekla I, the Head of Enterprise Growth at ApeX Protocol, expressed her enthusiasm in regards to the launch:
“We are excited to welcome traders back for the second iteration of Trade-to-Earn. T2E Round 2 is a testament to our commitment to providing our community with innovative and rewarding opportunities in the crypto space. At ApeX, we believe in the synergy between decentralization and community. T2E Round 2 is our way of rewarding our community for their contributions and dedication to our platform.”
ApeX is a permissionless and non-custodial derivatives decentralized alternate, powered by StarkWare’s Layer 2 scalability engine StarkEx, delivering USDC and USDT cross-margined perpetual contracts with over 30 buying and selling pairs and as much as 50x leverage. It’s primed to supply permissionless entry to the perpetual swaps market with its order ebook mannequin, because it stays dedicated to the guarantees of velocity, effectivity, and safety with transparency on merchants’ most popular derivatives buying and selling belongings.