The ApeX protocol, a decentralised, non-custodial, permissionless, censorship-resistant perpetual derivatives project developed by Davion Labs, has been selected as the first project on Bybit’s newly available Launchpad 2.0.
The newly redesigned platform now allows users to purchase the best-performing tokens directly from the launchpad, as well as a lottery model that allows users of new projects to win token allocations using USDT. Retail and institutional clients can use Bybit’s innovative online spot and derivatives trading services, mining and staking products, an NFT marketplace, and API support.
Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus. pro, Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka are all partners of the company. The ApeX protocol is recognised for its capacity to allow users to swap markets for any token pair and transfer crypto derivatives on the Ethereum 2 blockchain without exposing private keys or requiring the use of middlemen.
The ApeX system, which is powered by its native token $APEX, provides a number of advantages, including governance, protocol incentivization, and staking. Jump Trading, Tiger Global, Mirana Ventures, Kronos, M77 Ventures, and CyberX were among the investors and venture capitalists who contributed to its seed fundraising round, which was led by Dragonfly Capital Partners.
Users can now subscribe to the $APEX, a token with a maximum supply of 1,000,000,000, using BIT or USDT on Bybit’s Launchpad 2.0. BitDAO, the world’s largest decentralised autonomous organisation, uses BIT as its native token.
A minimum commitment of 50 BIT or 100 USDT is necessary to enter the lottery on the launchpad. The user will receive one lottery ticket if they pay the minimal amount. Every participant will be given an equal and random chance to win the token distribution.
ApeX’s token was first offered to the public via a public sale of ApeX’s original NFT collection earlier this year. NFT holders in the project were granted extra perks such as an 8% lifetime transaction fee discount and $APEX allocation. ApeX NFTs are currently trading at 0.87 ETH, up from 0.45 ETH when they were first released, representing a 40% increase.
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