ApolloX Will Launch 11th Epoch of Trading Rewards Program on V2
Dear ApolloX Users,
ApolloX will launch the 11th Trading Rewards Program on 24th September 2023. There are no changes to this epoch.
The details are as follows:
Activity period: 24th September 2023, 00:00 (UTC) — 6 October 2023, 23:59 (UTC)
Rewards Distribution Time: Each cycle is 00:00 (UTC) to 23:59 (UTC) daily. Rewards are issued on the next day at around 03:00 (UTC). Users have to claim their rewards within 30 days after the rewards are issued. If they do not, the platform will revoke the rewards.
Reward amount：Capped at $15,000 USD worth of APX per day
Activity rules: Users who trade on V2 earn from a reward prize pool. Those who stake APX in DAO to obtain veNFT will enjoy boosting multipliers corresponding to the Power value calculated from the veNFT.
Trading Rewards calculation formula:
At the end of each trading reward cycle, the user’s effective trading fees and staking amount in that cycle will be calculated to determine the weightage and amount of APX rewards. The formula is as follows:
r = R*W / sum(Wi)
Parameters:
The calculation formula for R is as follows:
R=Min(Dollar value multiplier * Trading Fee, Dollar value Cap)/ Max(APX Last Price,APX Price Floor)
- Dollar value multiplier: 0.50 this epoch
- Trading Fee: Value of previous day’s V2 fee income converted into USD
- Dollar value Cap: 15,000 based on system configuration
- APX Last Price: Based on latest APX token price
- APX Price Floor: 0.04 this epoch
Terms and Conditions
- After the end of each cycle, ApolloX may adjust the program rules according to users’ feedback and market conditions. Rewards will be released non-linearly.
- During the activity, the platform will reduce the percentage of V2 trading fee income injected into the ALP pool from 50% to 20%. The remaining 30% will be used to repurchase APX.
- Due to the difference in trading fees for each trading pair on V2, the rewards users receive may vary even though their effective trading volumes are the same.
- The rewards to be distributed for each cycle will be stored in the following contract address: 0x6bE863e01E17A226c945e3629D0D9Cb6E52Ce90E
- ApolloX reserves the right of final interpretation for this activity.
Risk Warning: Crypto futures trading carries a substantial risk. All trading activities are done at your discretion and at your own risk. The information here should not be regarded as financial or investment advice from ApolloX. ApolloX will not be liable for any loss that might arise from your use of ApolloX.
ApolloX上线第十一期交易奖励活动
亲爱的用户：
ApolloX平台计划将于2023年09月24日上线第九期交易奖励活动。本期规则与第十期保持一致。具体如下：
活动时间：2023年09月24日 00:00–2023年10月06日 23:59 （UTC）
奖励发放时间：每日00:00–23:59 （UTC）为一个统计周期，奖励将于次日 03:00（UTC）左右发放，同时用户需要在奖励发放后的30日内领取，否则系统将回收您的奖励。
奖励额度：每日奖励数量上限约为等值15,000 USD的等值APX代币
活动规则：用户在V2进行合约交易，即可参与交易奖励的瓜分。同时用户在DAO系统中质押APX得veNFT，其Power值将对应不同等级的加速档位。
交易奖励的计算公式如下：
交易奖励周期结束时刻根据用户该周期内所支付的有效交易手续费与锁仓数量确定权重和交易奖励的APX数量，公式如下：
r = R*W / sum(Wi)
参数R的计算公式如下：
R=Min(Dollar value multiplier * Trading Fee, Dollar value Cap)/ Max(APX Last Price,APX Price Floor)
- Dollar value multiplier本期为0.50
- Trading Fee，昨日V2手续费收入折合USD的价值
- Dollar value Cap为15,000，该参数支持系统配置
- APX Last Price为APX最新价格
- APX Price Floor本期为0.04
活动须知
- ApolloX平台在每个活动周期结束后，将根据用户的反馈及市场情况进行交易奖励规则的调整，交易奖励的释放额度非线性释放。
- 活动期间，ALP流动性池的V2手续分配比例为20%，剩余30%平台将进行APX回购。
- 因V2合约交易每个交易对的手续费不同，因此或存在用户之间交易量相同的情况下，用户的奖励数量不一致
- 本活动每期发放的奖励会存放在如下合约地址：0x6bE863e01E17A226c945e3629D0D9Cb6E52Ce90E
- 活动最终解释权归ApolloX所有
风险提示：数字货币合约交易具有高风险，所有的交易活动均由您自行决定并自担风险。此处提供的信息不应被视为ApolloX的金融或投资建议。对于您因使用ApolloX而可能引起的任何损失，ApolloX将不承担任何责任。
