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ApeX Protocol is the first project on Bybit's Launchpad 2.0

 


Davion Labs' ApeX Protocol, the decentralized non-custodial, permissionless, censorship-resistant perpetual derivatives project, has announced that it will be the first project on popular crypto exchange Bybit's newly released Launchpad 2.0.


The recently revamped platform allows users to buy top-performing tokens directly from the launchpad and features a lottery model that allows users of new projects to win allocations of tokens using USDT. Bybit offers retail and institutional clients innovative online spot and derivatives trading services, mining and staking products, an NFT marketplace and API support.


The company is a partner of the Formula 1 racing team Oracle Red Bull Racing, the e-sports teams NAVI, Astralis, Alliance and Virtus. pro and Oracle Red Bull Racing Esports, as well as the football clubs Borussia Dortmund and Avispa Fukuoka


ApeX Protocol is known for its ability to allow users to exchange markets for any pair of tokens and transfer crypto derivatives on the Ethereum 2 blockchain without compromising private keys and involving intermediaries.


Powered by its native $APEX token, ApeX Protocol offers various benefits including governance, protocol incentives, and staking. The seed funding round was led by Dragonfly Capital Partners and was supported by other prominent investors and venture capitalists including Jump Trading, Tiger Global, Mirana Ventures, Kronos, M77 Ventures and CyberX.


With ApeX now on Bybits Launchpad 2.0, users can subscribe to the $APEX, a token with a maximum supply of 1,000,000,000 using either BIT or USDT. BIT is the native token of the world's largest decentralized autonomous organization, BitDAO.


A minimum deposit of 50 BIT or 100 USDT is required to enter the lottery on Launchpad. With the minimum amount, the user buys 1 lottery ticket. Each participant is given an equal and random chance of winning the token allocation.


ApeX's token was launched earlier this year in a public sale of ApeX's original NFT collection. The project's NFT holders received additional benefits such as the 8% discount on the lifetime transaction fee and the allocation of APEX. ApeX NFTs are currently trading at 0.87 ETH from the mint price of 0.45 ETH, an increase of more than 40%.

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