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The Apex Fusion Foundation, a decentralized technologies platform, has announced that the AP3X token has been listed on MEXC’s global crypto exchange, as per the reports shared with Finbold on Thursday, March 13.
Part of MEXC’s Kickstarter Program meant to promote emerging Web3 projects, AP3X trading opens on March 13 on MEXC, where it is paired against Tether (USDT).
AP3X token launch rewards
To celebrate the listing of the AP3X token, The Apex Fusion Foundation has prepared a rewards pool of more than 2,850,000 AP3X.
The rewards will be distributed to traders who have committed MX tokens during the promotional period, and those who have held at least 25 MX for 24 hours or more will be eligible for the Kickstarter event.
To distribute rewards fairly, the exchange will take screenshots of each user’s balance to determine the portion of the reward pool to be airdropped.
AP3X token utility
Minted on the PRIME Chain, Apex Fusion’s dedicated staking layer, the AP3X token is at the heart of the Apex Fusion ecosystem, powering everything from staking to governance.
The token is also crucial for expansive economic activity on the network, with more than 180 operators already engaged in PRIME staking.
In addition to airdrop rewards, token holders can also earn annual rewards (approximately 10%) and actively contribute to network resilience through liquid staking.
AP3X utility is set to expand further with the upcoming network developments, the most notable announcements being the launch of NEXUS, an Ethereum (ETH) Virtual Machine (EVM)-compatible Layer-2 (L2) solution designed for executing smart contracts, and VECTOR, a UTXO-based L2 optimized for swift, low-cost transactions.
Further down the line, users can look forward to the introduction of Reactor Bridge, which will likewise aid seamless cross-chain transactions.
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