APX (APX) is the native token of APX Finance, a decentralized exchange (DEX) on the Binance Smart Chain, providing users with a platform for trading crypto derivatives. More
| Fully Diluted Valuation | $358.23M |
|---|---|
| 24H Trading Volume | $749,399 |
| 24H Low / High | $0.09 / $ 0.09 |
| Circulating Supply | 434.59 M |
| Total Supply | 4.02 B |
| Max Supply | 10.00 B |
| Categories | Decentralized Finance (DeFi) 4 more |
|---|---|
| Founder | Marc Rowan |
| Website | apollox.finance |
| Socials | |
| Chains | Binance-smart-chain Ecosystem |
| Explorer | Binplorer 2 more |
| Contracts |
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| Name | Pair | OG Score |
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APX Finance (APX) is a decentralized exchange (DEX) operating on the Binance Smart Chain, providing users with a platform for trading crypto derivatives. In this article, we aim to objectively explore the key features, token utility, and the distribution of APX tokens within the APX Finance ecosystem.
Features of APX Finance:
APX Finance offers a hybrid model encompassing order book and on-chain perpetuals, targeting a diverse range of traders. Noteworthy features include high leverage, low fees, and a hybrid CEX-DEX approach.
1.1. V1 Order Book Perp:
Utilizing an "off-chain transaction matching + on-chain fund settlement and custody" model, V1 Order Book Perp facilitates efficient trading with over 90 markets and up to 200x leverage, maintaining user fund safety.
1.2. V2 On-Chain Perp:
V2 On-Chain Perp employs a fully on-chain liquidity model, promoting transparent trades with minimal slippage. With over 25 markets, up to 250x leverage, and a dual oracle model, V2 aims for accurate pricing and attractive trading rewards.
APX Token Utility:
APX is the native token of APX Finance, serving various purposes within the ecosystem. Traders can use APX for trading fees, earn it as rewards in V2, stake it in the APX DAO for rewards and governance, and receive it as ALP staking rewards in V2.
Token Circulation and Burns:
The initial allocation of APX includes distribution to the Community Treasury, Users as trading rewards, Marketing & Partnerships, and Retroactive Mining Rewards. A significant burn initiative in 2022 aimed to enhance value and reduce the total supply, with a subsequent removal of the burn tax on transactions.
APX on PancakeSwap:
APX is available for trading on PancakeSwap, adhering to the BEP20 standards on the Binance Smart Chain.
Vision and Team:
APX Finance draws inspiration from the Apollo Space Program, aspiring for growth in the crypto market. The founding team, led by Jingyi Zhou and Will Li, initiated platform development in 2018 with a focus on decentralizing the global e-commerce industry.
Conclusion:
As APX Finance continues to evolve in the decentralized finance landscape, its features and tokenomics provide a comprehensive framework for users. Whether one is interested in trading opportunities, staking rewards, or participating in governance, APX Finance offers a platform worth considering in the diverse DeFi ecosystem.
APX Finance stands out for its hybrid CEX-DEX model, offering both order book and on-chain perpetuals for crypto derivatives on the Binance Smart Chain. Traders benefit from high leverage, low fees, and a secure trading experience, catering to diverse user profiles.
APX Finance was founded by Jingyi Zhou and Will Li. The platform's development began in 2018 with a vision to decentralize the global e-commerce industry, leading to the launch of its native token, APX, in December 2021.
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There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of APX (APX) is ($434,585,698), max supply of APX APX is ($10,000,000,000) and the market cap of APX APX is ($38,762,607).
What is the APX (APX) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of APX (APX) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether APX (APX) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (APX APX) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does APX (APX) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether APX (APX) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
