ApeX Protocol has launched APE Season 1, a 12-week points farming campaign distributing 69 million Ape Points (5.75 million each week) for future airdrop allocations. The program is designed to reward active traders, early supporters, and community participants through various activities and incentives.
Participants can earn points from perpetual trading volume, deposits via the Mantle network, staking $APEX tokens, maintaining account balances, and referring new users. Certain actions qualify for multipliers of up to 1.5x, with point distributions beginning every Wednesday at 8:00 UTC. Although the exact airdrop ratio has not yet been disclosed, total Ape Points collected by the end of the season will determine your allocation.
In addition, the campaign features a $12 million token buyback program, where at least 50% of daily protocol revenue is used to repurchase $APEX tokens from the market. These tokens are then locked on-chain, reducing circulating supply and supporting long-term value.
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