ApeX Pro is a DEX product built on top of ApeX Protocol, a platform launched on Arbitrum in early 2022, using an order book transaction model. ApeX Pro is designed for cryptocurrency derivatives transactions, specifically perpetual futures contracts. The platform allows you to trade your perpetual futures while enjoying unique benefits such as zero gas fees, access to substantial leverage, and minimal slippage by using order book model.
ApeX Pro gives you a completely private platform with no Know Your Customer (KYC) requirement. At the same time, it provides enhanced transaction security thanks to StarkEx , a StarkWare Layer 2 secure scalability engine . StarkEx helps ApeX Pro securely verify the validity of transactions. In the vast world of DeFi protocols, few platforms give you such security benefits.
Additionally, ApeX Pro's order book system provides a familiar setup for many traders – even those with virtually no cryptocurrency trading experience.
The StarkEx engine that powers ApeX Pro uses cryptographic proofs to validate transactions. They are then further processed using Validium, another cutting-edge technology that helps ApeX Pro achieve faster verification times and scalability without compromising security.
Using this secure and highly scalable environment, you can trade perpetual futures contracts quickly and with low fees.
A key advantage of ApeX Pro is its multi-chain nature. Currently, deposit and withdrawal support is available on four popular blockchain platforms – Arbitrum , Ethereum (ETH), Binance Chain (BNB) and Polygon (MATIC) . In theory, the platform is also capable of supporting other Ethereum virtual machine (EVM) compatible chains.
ApeX Pro is capable of handling ten transactions per second and 1,000 put and cancel orders per second. As a result, the platform is scalable to a degree that hardly any other DEX platform can match. StarkEx helps the platform achieve outstanding processing speeds as a high-speed Layer 2 solution for the Ethereum blockchain. Transactions directly on Ethereum are significantly slower (transaction end times between 10 and 30 seconds) and for that matter, more expensive than routing transactions via StarkEx.
ZK-proofs created by StarkEx ensure that most transaction data is private and well protected from any security breach. Only final balance fees are displayed on Ethereum, where the final transaction data is stored.
This helps keep your trading activity safe and hides it from the prying eyes of people who shouldn't know about your trading activity. Combine this with no KYC requirements and you have a completely private decentralized trading experience.
As such, ApeX Pro is a platform that privacy-focused perpetual contract traders are sure to appreciate.
ApeX Pro's highly scalable and secure architecture, underpinned by StarkEx technology, is not its only advantage. Perpetual contract traders – both experienced and novice – will also appreciate the differentiated trading benefits of the platform.
The use of the order book model is one of the main advantages of ApeX Pro. Although the alternative automatic market maker model (AMM) has become very popular in the cryptocurrency industry, it is known to have some significant disadvantages, such as high slippage and risk of temporary loss and obviously unfamiliar with cryptocurrencies and less experienced tradition. financial traders.
While the AMM environment can be confusing for traders without deep expertise in cryptocurrency trading and liquidity mining, the order book model is a well-recognized system for any current trader. at or aspire to. By using this very familiar trading model, ApeX Pro opens the door to crypto derivatives trading to a wide variety of user segments. If you think your traditional stock market experience might not be suitable for trading crypto perpetual contracts, try ApeX Pro to change that belief.
ApeX Pro also supports cross margin trading, allowing you to transfer margin between your different accounts to meet minimum margin requirements. If you have excess margin in one account, transferring it to another account with the risk of falling below the minimum will help avoid liquidation.
Traders on ApeX Pro have access to up to 20x leverage. You can also enjoy zero gas fee transactions, with instant payments. The actual transaction fees are also among the lowest in the industry, with a standard maker fee of 0.02% and a taker fee of 0.05%.
ApeX Pro offers many rewards for casual users. Its Trade-to-Earn program rewards users for trading and staking activity. Program rewards are paid in BANA tokens and are paid out weekly. Meanwhile, the majority of other DEX platforms have payouts/payments with lock periods that last months or even years.
ApeX Pro uses two main tokens, APEX and BANA.
APEX's two main functions are administration and user incentives. Token holders can participate in governance votes to decide on changes or new features to ApeX Protocol and its specific products. In this context, the protocol itself should be distinguished from the products based on it.
For instance, ApeX Pro specifically refers to a DEX product hosted on the underlying ApeX decentralized protocol. APEX ownership doesn't just limit you to decisions on ApeX Pro; The token's governance functions extend across the entire protocol. It should be noted, however, that, for now, the only complete product of the protocol on the network is the DEX, ApeX Pro.
Besides governance, APEX is also used to incentivize the platform's user community to refer and provide liquidity.
APEX is an ERC-20 token on Ethereum. It has a maximum and total supply of 1 billion tokens. APEX's circulating supply currently stands at nearly 50 million tokens. At the current price of US$0.33 (as of December 1, 2022), its market cap is around US$16.3 million.
BANA is used primarily as a reward token. Earlier, it was mentioned the platform's innovative Trade-to-Earn rewards program, whose weekly payouts are made in BANA. The entire supply of this token has been minted from 25 million APEX, specifically allocated for minting BANA. BANA rewards can be exchanged for USDC or used to add liquidity to the BANA-USDC pool for additional BANA rewards. Additionally, at the end of the Trade-to-Earn event, which is expected to last all year, users will be able to convert their BANA rewards into APEX.
During the year-long Trade-to-Earn event, US$190,000 worth of BANA tokens will be distributed to participants each week. That equates to nearly $10 million in bonuses throughout the year — all for active crypto perpetual futures traders to grab. The value of BANA is maintained through the Buy & Burn Pool (BBP), whereby 50% of APEX transaction fees are used to redeem BANA and burn them.
ApeX Pro is one of the safest products in the DEX world. It features both excellent transaction security and complete privacy. The security of the platform is underpinned by StarkEx's cryptographic protection mechanism, which ensures that only a minimal amount of information is disclosed on Ethereum's public ledger system.
The overall architecture of the platform combines the privacy of a decentralized system with the efficiency and protection of a well-maintained CEX.
Furthermore, ApeX Pro contracts have been officially audited by Secure3 and StarkWare contracts have also undergone rigorous testing. This demonstrates ApeX Pro's commitment to being a completely secure DEX you can trust using your funds.
ApeX Pro is a unique platform that combines the best features of DEX and CEX. It provides a highly secure, permissionless and secure trading environment, featuring an order book model that is familiar to many traders. Add great scalability and zero-gas transactions, and you'll be hard-pressed to find a better decentralized platform for crypto perpetual contract fans.
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