Introduction

The financial markets for Forex and Cryptocurrencies have historically operated in parallel, largely due to the distinct asset classes and platforms involved. Despite the shared skill sets required for success in both arenas, traders often face barriers when moving between Forex and Crypto markets. These barriers include different trading platforms and the need for diverse technological solutions.

APX Finance aims to bridge this gap with a permissionless exchange that integrates multiple assets for both Forex and Crypto traders. By offering leveraged trading, low fees, and minimal slippage, APX Finance enhances the trading experience across these markets.

What is APX Finance?

APX Finance is an on-chain decentralized trading platform that caters to various trading needs of users and is compatible with multiple blockchains including BNB Smart Chain (BSC), Arbitrum, Base, Manta, opBNB, ZKsync, and Ethereum. APX Finance utilizes two models to meet the trading needs of its users. First is the order book model which uses an off-chain transaction matching plus on-chain fund settlement and custody system. The second is a pool-to-peer liquidity model that supports fully on-chain perpetual contracts, utilizing the services of two price oracles.

APX Finance equally rewards user engagement and participation on its platform. Users who engage in the platform’s decentralized autonomous organization, liquidity pool, trading competitions, and lottery games are eligible for rewards.

Brief History

APX Finance was launched in December 2021 as ApolloX Finance by an anonymous founder, popularly referred to as ‘Captain,’ and with a team of eight employees. APX Finance is a private financial software company with its headquarters situated in Antigua, Antigua and Barbuda.

In November 2023, ApolloX Finance rebranded to APX Finance to reaffirm its commitment to decentralization. The APX Finance order book perpetual trading platform and the APX on-chain oracle-based perpetual trading platform are both operational. Hence they have the APX V1 and APX V2.

Notable investors in the APX Finance project include Binance Lab, 3Commas, Kronos Research, LUX Capital, and others.

APX Finance Ecosystem

The APX Finance ecosystem includes projects built within APX Finance, and they include:

APX Decentralized Autonomous Organization (DAO)

With APX DAO, users can participate in the APX ecosystem governance by staking the APX governance token. Users can earn voting rights simply by staking $APX and can partake in the voting process by locking their APX tokens while also earning up to 14.89% APY.

APX Liquidity Provider (ALP)

Source: Apollox Finance

ALP is the liquidity provider token for APX V2 and comprises multiple assets, depending on which blockchain you are on. To participate in the LP pool, users have to mint ALP with the specific ALP assets. On BSC, the assets are: USDT, BNB, BTC, USDC, ETH, CAKE, FDUSD, and lisUSD.

Participating as an LP allows you to share 50% of platform trading income and earn staking rewards. Note that staking rewards are only available on BSC at the moment. There are four ALP pools on the BNB Smart Chain, Base network, opBNB, and Arbitrum network. Users have to switch between the four chains to access ALP on the various platforms.

How Does APX Finance Work?

Source: APX Finance

APX Finance operates using two varying perpetual trading models namely:

1. Order Book Perpetual Model
2. On-chain Dual Oracle Perpetual Model

Order Book Perpetual Model

The Order Book Model is APX Version 1 (V1). It uses the order book to show current open orders for Asks and Bids, as well as prices and available amounts. APX V1 also supports pre-launch markets, which was created to meet the needs of traders interested in premarket activities leading up to token launch on crypto exchanges.

On-chain Dual Oracle Perpetual Model

The Dual Oracle Model is APX Version 2 (V2). It provides trading services for Cryptocurrencies and Forex pairs. This model operates fully on-chain perpetual trading and utilizes the combination of Binance Oracle and Chainlink Oracle to obtain price feed, compare, and aggregate the most accurate prices in real time.

APX Finance V1 Vs. APX Finance V2

APX V1

APX V1 is an Order Book perpetual trading platform for crypto and pre-launch perpetual contracts, that utilizes off-chain transaction matching and on-chain fund settlement and custody.

Additionally, APX V1 offers a maximum of 100x leverage, charges a Maker fee of 0.02%, and a Taker fee of 0.07%, and uses multiple assets like USDT for asset settlement. 1001x leverage for BTC/USD and ETH/USD pairs. APX V1 also charges a funding fee every 8 hours which is transferred between traders. APX V1 is compatible with the following blockchains: BNB Smart Chain, Ethereum, Arbitrum One, ZKsync Era, Manta, and Base.

APX V2

APX V2 is the on-chain trading platform of APX finance, providing trading services for Crypto and select Forex pairs. Users on APX V2 can trade pairs without necessarily registering or depositing funds on the platform.

The APX V2 trading allows up to:

• 250x leverage for crypto perpetual trades
• 200x leverage for Forex perpetual trades
• 1001x leverage for BTC/USD and ETH/USD pairs

It also offers varying trading fees depending on the blockchain. For example, V2 charges:

• 0.08% opening position fee (for Crypto) and 0.02% (for Forex) both for the BNB Smart Chain
• 0.05% opening position (Crypto) on the Arbitrum network
• 0.08% opening position (Crypto) for Base and opBNB networks

V2 also charges for funding, liquidation, slippage, execution, and closing position fees. Moreover, it uses the ALP pool to provide liquidity for the V2 trading pairs. This enhances liquidity and capital efficiency on the APX V2. Users can stake APX tokens and share in the trading fee income from the APX V2.

Key Products of APX Finance

These are the product offerings that are fully operational on the APX Finance platform.

Permissionless Decentralized Exchange Engine

This is a decentralized exchange engine that allows any business that wishes to own a decentralized derivative exchange to do so with so much ease. The decentralized exchange engine features:

• Trading Fees Revenue Sharing: The exchange engine has a default sharing model of 10% on BSC and Arbitrum chains. The trading fee generated for APX V2 transmits 10% to the APX DAO and 40% to the ALP pool. Partners can receive up to 10% - 30% monthly depending on their trading outcome.
• Liquidity Sharing: For APX leverage using Classic and Degen trading modes, they can use up to 750x leverage for trading.
• Various Asset Classes: It allows trading of multiple asset classes including Crypto and Forex.

What is APX Token?

APX is the native token of APX finance. It’s also the governance token of the APX ecosystem, giving holders voting rights in key decisions.

APX Token Use Cases

The following are APX token use cases:

• Used for settling trading fees on APX V1
• Used to settle trading rewards in APX V2
• Used to stake on the APX DAO for rewards
• Used for voting on the APX DAO governance
• Can be earned as ALP pool reward on APX V2

Tokenomics

Source: ApolloX Finance

The APX token has a total supply of 10 billion APX. Here’s a breakdown of the token allocation by percentages:

• 50% for liquidity providers and trading reward settlement for 10 years
• 26.2% to the community treasury
• 9.5% for marketing and partnership
• 8.3% to users who have been active on APX since inception and completed certain milestones
• 3.5% for retroactive mining reward
• 6% for listing on PancakeSwap

Is APX Finance a Good Investment?

APX Finance offers trading services to blockchain users and shows potential due to its comprehensive and innovative approach to decentralized trading, strong ecosystem, and backing by reputable investors. The project has a utility that might foster investment growth in the future. However, like any investment, it comes with risks, particularly market volatility and regulatory challenges. Investors are strongly advised to conduct adequate research before considering APX Finance as an investment option.

Moreover, it is important to understand that the information provided here is for educational purposes only and should not be mistaken for financial advice. So, consider your risk tolerance, and possibly consult with financial advisors before making investment decisions.

How to Own APX?

You can buy APX from centralized cryptocurrency exchanges. For example, Gate.io offers traders the following trading pair: APX/USDT. To own the token, create a Gate.io account, and complete the registration process. Also, you need to fund your spot trading account and go through the steps to buy APX.

Highlights

APX Launches Pre-market Trading Partnership with MerlinChain

APX has launched pre-market trading for MERL/USDT Margin Futures Contract. As part of the APX V1 trading model, the MERL/USDT Margin Futures Contract will allow traders to access MERL token before it is officially launched on a larger market.

The MERL/USDT Margin Futures Contract on V1 was launched on APX Finance on April 15, 2024.

APX begins ALP Pool Migration to V2

APX Finance, a derivatives platform, is beginning V2 features trading upgrades on BNB Chain. As such, they are transitioning the APX protocol’s ALP pool to V2—ALP is APX liquidity Provider Pool. Hence, during the upgrade, buying and selling of ALP tokens has been disabled.

Take Action on APX Finance

Check out APX price today and start trading your favorite currency pairs:

• APX/USDT