Convert ApeCoin and More on BitMEX

Last week, BitMEX welcomed ApeCoin (APE) into the BitMEX ecosystem with a new USDT-margined APE contract and it was just the beginning

This week, BitMEX is rolling out additional support for APE, which means BitMEX users will soon be able to:

Convert Tether (ERC-20) to ApeCoin and vice versa with no hidden fees and no worries about slippage.

Deposit and save ApeCoin through their BitMEX wallet.

Please Note: There is no minimum balance requirement for APE deposits

BitMEX doesn’t want you to miss out on the rush, so BitMEX is going live without the withdrawal feature, but it’s coming soon.

Coming soon: BitMEX Spot Spot will be available in early Q2 2022. From day one, ApeCoin, Bitcoin, Ethereum, Tether and a growing list of cryptocurrencies will be available for trading on BitMEX’s spot exchange.

Go to BitMEX’s Official Website

What is ApeCoin?

ApeCoin is an ERC-20 governance and utility token for culture, commerce and gaming.

APE NFT tokens are owned and operated by ApeCoin DAO, a decentralized organization where each token holder can vote on governance and usage of ecosystem funds. Yuga Labs, creator of the Boring Ape Yacht Club, will adopt APE as its primary token in all new projects.

The APE NFT token was launched to “empower the decentralized community at the forefront of Web 3.0”. Unlike NFTs, APEs are fungible – like other cryptocurrencies, any ApeCoin is worth exactly the same as any other ApeCoin.

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APE Token Allocation

The total supply of ApeCoin is permanently fixed at 1 billion APE. APE tokens will be distributed among four main groups, as detailed below:

62% will be allocated to the Ecosystem Fund, which includes BAYC and Mutant Ape Yacht Club (MAYC) NFT holders and treasury/resources.

16% will be allocated to Yuga Labs and the Jane Goodall Legacy Foundation.

14% will be allocated to the people and companies that help make the project a reality.

8% will be allocated to the four founders of Yuga Labs and BAYC.

Go to BitMEX’s Official Website

About BitMEX’s APEUSDT perpetual contract

BitMEX’s listed APEUSDT started trading here on March 22, 2022 at 04:00 UTC.

Users can go long or short APEUSDT with up to 33x leverage – one of the highest leverages ApeCoin offers in the derivatives space.

The contract details are as follows:

  • Contract size: 0.001 APE (Currently *** USDT) (USDT Multiplier is 1,000)
  • Contract type: This is a perpetual contract, meaning it does not settle. Note: This contract is subject to early settlement.
  • Launch date and time: 22 March at 04:00 UTC
  • Lot size: 1,000
  • Initial margin: 3.00% + Entry Taker Fee + Exit Taker Fee
  • Maximum leverage: 33x
  • Maximum order quantity: 1,000,000,000
  • Maintenance margin: 1.50% + Exit Taker Fee
  • Minimum trade amount: 1 APE
  • Settlement: Settled and quoted in USDT (ERC-20)

Start trading APEUSDT and enjoy up to 33x leverage, or sign up for BitMEX today.

Go to BitMEX’s Official Website