ApeX Protocol has launched the XP Campaign as part of its airdrop season.
Starting January 20, 25 million APEX tokens will be distributed to users based on their trading activities on Omni Perps and Omni Spot Swap.
A total of 175 million APEX tokens are allocated for the campaign, with 150 million reserved for future events.
ApeX Protocol, a decentralized derivatives platform, has launched the first phase of its much-anticipated airdrop season. Starting January 20, 2025, the protocol will distribute 25 million APEX tokens through an XP campaign, rewarding users for their trading activities on its trading platforms, Omni Perps and Omni Spot Swap.
As per the announcement, participants can earn XP points based on their trades and redeem them for APEX tokens. The campaign, set to run until July 13, 2025, aims to engage the community and fuel ecosystem growth.
Retroactive Airdrop
The XP campaign’s launch also brings a surprise retroactive airdrop to reward early supporters who contributed to the protocol’s success. Eligible users can check their status and claim rewards on the XP campaign’s dedicated landing page.
Notably, the platform has allocated a total of 175 million APEX tokens for distribution. Out of this, it has set aside 150 million tokens for future events and grant programs. These initiatives will extend through 2027, ensuring continued community engagement and incentivizing user activity.
The XP campaign is part of ApeX Protocol’s mission to redefine decentralized trading. Tekla I, Head of Business Development at ApeX, noted the platform’s commitment to fostering a vibrant and engaged user base. He stated:
“The XP campaign isn’t just about giving back; it’s about fostering a more connected and dynamic ecosystem. This is our opportunity to express our gratitude to the early supporters who’ve helped shape ApeX, and invite new users to join us on this exciting journey.”
ApeX Protocol’s Growth
ApeX Protocol is a permissionless trading platform designed to empower users with self-custodial solutions. Its flagship product, ApeX Omni, combines multi-chain liquidity aggregation with a modular, intent-centric architecture, offering traders seamless and secure transactions powered by zero-knowledge proof technology.
ApeX has established itself as a trusted name in decentralized finance, boasting a global user base of over 545,000 and a cumulative trading volume exceeding $124 billion. As per the data by DeFiLlama, the protocol currently boasts a total value locked (TVL) of around $90 million, reflecting a 50% increase.
The airdrop announcement coincides with a major uptick in the APEX token’s performance. Currently trading at $1.85, the token has surged by over 25% in the past week. The token currently boasts a market capitalization of $100 million and a 24-hour trading volume of $53.57 million.
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A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.