APX meaning in Cryptocurrency ?

ApolloX is the first CEX-DEX hybrid crypto derivatives exchange. On ApolloX, users can trade a wide selection of perpetual contracts with up to 100x leverage. APX is ApolloX’s native token. Users can earn APX tokens in the form of trading rewards on ApolloX. They can also trade APX on PancakeSwap. In the near future, ApolloX will announce new use cases for APX, including staking and listing on more exchanges. CEX: www.apollox.com DEX: www.apollox.finance

APX launched on 21 December 2021. A total supply of 10 billion APX will be minted. The first listing DEX for APX is PancakeSwap, for a listing price of $0.0004. The bulk of the tokens will be minted via trading rewards on ApolloX. The genesis allocation of APX is as follows: * 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; * 2.5% (250,000,000 APX) to list on PancakeSwap. There is a 1% tax on every transaction. All tax, save for special use cases like staking, will be burned. Further reading: * APX Tokenomics * Retroactive Mining Program