ApeX's 24-hour increase exceeds 120%, plans to introduce buyback and burn mechanisms and other measures

ChainCatcher news, according to Coingecko market data, APEX has increased by 121.6% in the last 24 hours, currently priced at $0.746477, breaking its historical high.

It is reported that the decentralized multi-chain derivatives trading platform ApeX has announced the launch of Web3 social trading, including the release of DIDs, SBT minting activities, and copy trading tools to promote collaboration and shared success.

In addition, ApeX plans to optimize the token economic model through three key measures: reducing the supply of $APEX, introducing a buyback and burn mechanism, and enabling direct exchange of $APEX on the ApeX App, benefiting the community and enhancing project value.