Gate.io Blog APX Token: A New Option for Crypto Asset Trading on the ApolloX Platform

APX Token: A New Option for Crypto Asset Trading on the ApolloX Platform

14 January 14:59

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![](https://gimg2.gateimg.com/image/article/1736837799newindustryanalysis.jpeg)
## Introduction
In the turbulent <a href="/price" target="_blank" class="blog_inner_link">cryptocurrency market</a>, APX tokens are attracting investors' attention with their unique charm. As the core of the ApolloX platform, APX not only revolutionizes the way crypto assets are traded, but also provides new possibilities for digital currency speculation. This article will take a deep look at the potential of APX investment and how it can stand out in this new cryptocurrency project full of opportunities.

This article takes an in-depth look at the APX token and the ApolloX platform behind it, providing a comprehensive analysis for crypto asset trading enthusiasts. The article details the core functions, distribution mechanism, and application scenarios of the APX token, highlighting the unique advantages of the ApolloX platform in terms of high leverage and low slippage. The article also explains APX’s innovative token economics model, showing how it incentivizes user participation and drives platform development. For investors and traders seeking an efficient and low-cost crypto asset trading experience, this article provides valuable insights and practical information.

## APX Token: The Core Driving Force of the ApolloX Platform
As the native token of the ApolloX platform, APX token plays a vital role in the entire ecosystem. It is not only the core driving force of the platform operation, but also provides users with a variety of application scenarios and investment opportunities.

The total supply of APX tokens is 10 billion, of which **45%** is allocated to the community pool, **44%** as user trading rewards, **5%** for marketing and partnerships, **3.5%** for retroactive mining rewards, and **2.5%** for listing on <a href="/price/pancakeswap-cake" target="_blank" class="blog_inner_link">PancakeSwap</a>. This allocation ensures wide distribution and long-term sustainability of the tokens.

On the ApolloX platform, the main uses of APX tokens include: paying transaction fees, obtaining transaction rewards, participating in platform governance, and staking to obtain income. Users can increase transaction rewards by staking APX tokens, and at the same time obtain voting rights in platform governance. This mechanism not only encourages users to actively participate in platform activities, but also promotes the healthy development of the entire ecosystem.

It is worth noting that the ApolloX platform conducted a large-scale token destruction in 2022, destroying a total of 5.755 billion APX tokens. This move effectively reduced the supply of tokens in the market, potentially increasing the scarcity and value of tokens.

## ApolloX Platform: Subverting the traditional way of trading crypto assets
As a decentralized crypto derivatives trading platform, ApolloX is revolutionizing the traditional way of trading crypto assets. The platform provides two main trading options: V1 order book perpetual contracts and V2 on-chain perpetual contracts.

V1 order book perpetual contracts support multiple blockchains, including <a href="/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB</a> Chain, <a href="/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a>, Arbitrum, zkSync, Base, and Manta, providing up to 250x leverage and competitive fees. V2 on-chain perpetual contracts are available on BNB Chain and Arbitrum, supporting up to 1001x leverage, zero slippage, and low fees. These two options provide flexible trading strategies for investors with different risk preferences.

The innovation of the ApolloX platform is also reflected in its permissionless DEX engine. This engine allows other projects to launch their own on-chain perpetual exchanges, supports BNB Chain and Arbitrum networks, provides deep liquidity through the ALP pool, and supports up to 1001x leverage [3]. This open architecture not only expands the platform's ecosystem, but also brings more innovative possibilities to crypto asset trading.

## High leverage, low slippage: APX's unique trading advantages
APX’s unique advantages in the field of crypto asset trading are mainly reflected in its high leverage and low slippage characteristics. The platform provides a leverage ratio of up to 1001 times, which is far higher than many traditional trading platforms, providing investors with greater capital utilization space and potential returns.

In terms of slippage, APX's V2 Classic mode has a slippage as low as 0.01%, while the Degen mode has achieved zero slippage. This means that traders can execute transactions at a level closer to the expected price, reducing losses caused by price fluctuations.
![](https://gimg2.gateimg.com/image/article/17368426284.14.jpeg)

These advantages make APX stand out in the highly competitive crypto asset trading market, attracting a large number of investors and traders seeking efficient and low-cost trading experience.

## Conclusion
As the core of the ApolloX platform, APX tokens are reshaping the future of crypto asset trading. Through innovative token economics models, high leverage and low slippage trading advantages, APX provides investors with unique opportunities. Its decentralized governance mechanism and diverse application scenarios not only incentivize user participation, but also promote the healthy development of the entire ecosystem. As the <a href="/price" target="_blank" class="blog_inner_link">crypto market</a> continues to evolve, APX is expected to become a new favorite of investors and traders.

Risk Warning: The cryptocurrency market is volatile and high-leverage trading may result in significant losses. Investors should carefully assess risks and allocate assets rationally.

<div class="blog-details-info">
<div>Author:**Joy Z.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions. All investments carry inherent risks; prudent decision-making is essential.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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Introduction

APX Token: The Core Driving Force of the ApolloX Platform

ApolloX Platform: Subverting the traditional way of trading crypto assets

High leverage, low slippage: APXs unique trading advantages

Conclusion

Unbox Your Luck and Get a $6666 Prize

APX Token: A New Option for Crypto Asset Trading on the ApolloX Platform

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