What Is ApolloX (APX)?
ApolloX (APX) is the native token of the ApolloX exchange. The ApolloX crypto project was launched in December 2021. The token follows the BEP-20 standard, which is a token standard for creating tokens on the Binance Smart Chain (BSC). It works similarly to the ERC-20 standard on the Ethereum network.
Wondering about the current APX price? Check out the ApolloX price chart above.
ApolloX exchange is a hybrid platform offering both – centralized and decentralized exchange (CEX and DEX) services. The name of the exchange is cleverly crafted by combining ‘Apollo’ and the letter ‘X’. ‘Apollo’ stands for Apollo Space Program, the first successful mission to land a person on the moon, while 'X' is short for exchange. The name reflects the developers envisioned rapid and remarkable success of the project.
The Story of ApolloX
The two co-founders of the ApolloX crypto project are Will Li and Jingyi Zhou.
Will Li is the project’s technology lead. The co-founder’s inspiration to start ApolloX arose from the frustration of watching struggling sellers in the traditional centralized e-commerce industry. He believes the conventional system exploits the sellers through high costs and unfair competition. According to Will, building a decentralized e-commerce platform will offer transparency and independence.
Jingyi Zhou is the product head of the AplloX crypto project. She is an experienced e-commerce marketer. Previously, Zhou worked as a market analyst at Google and a Data Engineer at Endicia.
What Can You Do with ApolloX Tokens?
The ApolloX coin is the utility token of the ApolloX ecosystem. It is an essential component of the project as it facilitates many activities.
Firstly, it helps users to facilitate trading on the exchange. Trading fees are paid using APX tokens. Besides, the exchange provides extra discounts for users who pay trading fees in APX. Moreover, the ApolloX token supports the project's reward program, which incentivizes traders with APX tokens for trading on ApolloX. In addition to that, APX tokens are used for staking. Stakers can earn interest, as well as participate in the transaction confirmation process on the network. Lastly, ApolloX tokens can be locked on liquidity pools in order to generate up to 58.66% APY.
Don't forget to check the aforementioned ApolloX price chart. It features both – the current and past APX price.
ApolloX Tokenomics
APX had a fair launch with no tokens allocated for investors or teams. Additionally, there was no pre-mining, which often rewards developers, early investors, and founders. A large portion of the token allocation (50%) went to user trading rewards. The remaining tokens were allocated to the community treasury (26.2%), marketing partnerships (9.5%), retroactive mining rewards (8.3%), and PancakeSwap listing (6%).
The token was launched with a 10 billion APX total supply. However, to avoid inflation, the project adopts a burning mechanism. Burning a token means eliminating some coins from circulation to increase token scarcity. ApolloX charges a 1% fee on every transaction (except for a few use cases, such as staking). All APX tokens used for covering these fees are burned, reducing the number of tokens in circulation. This process makes the tokens scarcer, increasing their demand from the law of economics – the higher the demand, the higher the price. Therefore, burning the token prevents a drop in APX price.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
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Following
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Posts count
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Currently, official ApolloX (APX) X Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
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Subreddit type
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Moderators
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Currently, official ApolloX (APX) Reddit Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
9.96K
Members: 9,961
0.71%
Title
ApolloX English
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
37 / 100
5.13%
Ahrefs Rank
1,891,297
7.81%
Organic Traffic (mo.)
0
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
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Type
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Currently, official ApolloX (APX) GitHub Organization account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
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Watchers
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Forks
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Language
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Currently, official ApolloX (APX) GitHub Public Repository doesn't exist or wasn't submitted. 🔆 Submit Now
ApolloX hot topics
Currently, official ApolloX Reddit account doesn't exist or wasn't submitted. 🔆 Submit Now
ApolloX posts
Currently, official ApolloX X account doesn't exist or wasn't submitted. 🔆 Submit Now