Bybit Launchpad 2.0  Welcomes ApeX Perpetual Derivatives Protocol 

ApeX protocol will be the first decentralized finance project to go live on the new Bybit Launchpad 2.0 platform. ApeX protocol enables the introduction of perpetual swap markets for all token pairs.

ApeX Protocol Live on Bybit Launchpad 2.0

Bybit Launchpad 2.0, a leading crypto launchpad platform, has welcomed its first decentralized finance project in ApeX protocol, a decentralized, non-custodial, permissionless, censorship-resistant perpetual derivatives protocol incubated by  Davion Labs. 

The Bybit Launchpad 2.0 is a newly-revamped platform that features a new lottery model for new projects where users can try their luck to win allocations of new tokens with USDT. Via the Bybit Launchpad, users can also buy the tokens of promising projects listed on the platform.

ApeX protocol enables the introduction of perpetual swap markets for any token pairs. It allows users to relegate crypto derivatives on the Ethereum layer-2 blockchain with no intermediaries or third parties while giving them total control over their private keys.

ApeX protocol has raised significant capital in a seed funding round led by Dragonfly Capital Partners, with participation from other investors, including Jump trading, Tiger Global, Mirana Ventures, Kronos, M77 Ventures, and CyberX.

$APEX Token 

$APEX  is the native cryptocurrency of the Apex protocol ecosystem, with multiple utilities including governance, protocol incentivization, and staking. $APEX has a maximum supply of 1,000,000,000.

The APEX token was first introduced to the market through the presentation of the ApeX original NFT collection public sale last March. 

ApeX NFT holders will enjoy an eight percent lifetime transaction fee discount and they will also get a free allocation of APEX tokens. 

The value of ApeX NFTs has been on the rise. The floor price of each ApeX NFT is 0.87 ETH at the time of writing, as compared to the mint price of 0.45 ETH.

Bybit users can get $APEX token with BitDAO’s BIT token or via the USDT Lottery. A minimum commitment amount of 50 BIT or 100 USDT is required to get one Lottery ticket. Lottery ticket holders have an equal, random chance of winning a $APEX token allocation.

Founded in 2018, Bybit exchange offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service, multilingual support, and more.