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ApolloXApolloXby0xd667E87B54180ee1Ef2A7e2A970FE50ead7f995B0xd667…995B

Adjust the amount of rewards for ALP and LP token

Voting ended over 1 year agoSucceeded

Dear APX users,

We sincerely thank you for your continual support. Taking a step further to reduce the rate of inflation for APX tokens and protect the interests of APX holders, we propose to adjust the amount of APX tokens distributed as platform rewards.

The current APX token rewards distribution include:

  1. For DAO staking rewards, 50,000 APX tokens distributed daily.
  2. For ALP Staking Rewards (BSC), each block generates 1.9 APX, which equates to 54,720 APX generated daily.
  3. For APX-BNB LP Staking Rewards, each block generates 0.4 APX, which equates to 11,520 APX generated daily.

After calculations, the rate of inflation of APX token is approximately 5.76%. APX proposes: · For ALP Staking Rewards (BSC), adjust each block’s output from 1.9 APX to 0.95 APX. · For APX-BNB LP Staking Rewards, remove APX rewards.

These adjustments will reduce the rate of inflation of APX tokens to 3.84%, thus further harnessing the potential of the APX token.

The proposed adjustments will take into effect if the proposal passes quorum for Option 1. As voters, you may choose to select Yes or No to adjust the amount of APX tokens distributed as platform rewards.

Off-Chain Vote

Yes
13.94M Apx Power100%
No
0 Apx Power0%
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Timeline

Aug 27, 2024Proposal created
Aug 27, 2024Proposal vote started
Aug 30, 2024Proposal vote ended
Aug 30, 2024Proposal updated