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【ApeX announces new mechanism for sustainable token unlocking and repurchase to comprehensively enhance token value】 on September 30, ApeX Protocol released a series of APEX token upgrade mechanisms, aiming to enhance the token value capture ability and improve long-term value. These include:1) The esAPEX12 mechanism was launched, and the APEX tokens of early investors and core teams were converted into esAPEX12 tokens with a 12-month lock-up period in the token lock-up and sales pool ($esAPEX12 pool) on Arbitrum, and anyone can buy them on the open market at a 40% discount.2) The team announced the upcoming repurchase plan and token empowerment plan. Part of the platform revenue will be used to repurchase $APEX tokens, and then distributed as rewards to participants in the repurchase and sharing plan. 3) In the fourth quarter of 2024, $APEX will become the platform fee token. Users who choose to use $APEX to pay fees will enjoy fee discounts, and $APEX tokens collected from fees will be destroyed. 4) Through the increase in the use and destruction scenarios of a series of tokens, APEX tokens are about to enter deflation mode.
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