ApeX Protocol corrects APEX supply and unlock data errors

1 week ago 8



ApeX Protocol has issued a correction to its APEX token data, confirming that the total supply stands at a fixed 500 million tokens with zero remaining unlocks scheduled. The corrected data points to the Ethereum token contract at address 0x52a8845df664d76c69d2eea607cd793565af42b8, which now reflects the 500 million figure cleanly. That number is the result of a deliberate reduction from the original maximum supply of 1 billion APEX tokens, achieved through a series of quarterly burns that wrapped up by late 2024. How the supply got halved ApeX Protocol executed quarterly token burns over an extended period, systematically destroying 500 million APEX tokens until the process concluded in late 2024. The result is a permanently reduced cap that cannot be reversed at the contract level. Currently, approximately 146 million APEX tokens are in circulation. That means roughly 71% of the fixed supply remains locked or otherwise out of active trading. Team and early investor allocations, which account for roughly 23% of the total supply combined, have fully vested. There are no cliff events or gradual unlocks lurking on the calendar that could suddenly flood the market with new selling pre...

Read Entire Article