ApeX Protocol has submitted a proposal to the BitDAO community for a new partnership with the following terms:

• Token Swap of $2M in USDC and 11M $APEX Governance Tokens

• USDC will be committed $APEX liquidity or ApeX Pro’s flagship Trade-to-Earn event

• BitDAO will commit to holding $APEX tokens for 2 years 

This will be a part of ApeX Protocol’s plans to prioritize the deployment of derivatives DEX platform ApeX Pro on the new BitDAO Infrastructure Project (known currently as BitNetwork), while laying the foundation for future cooperation such as with (1) additional token swaps, (2) creation of use cases for BitDAO’s native $BIT token within the ApeX ecosystem and (3) adopting $BIT as a native token if cooperation between the protocols become synergistic.

With this partnership, ApeX Protocol hopes to deliver greater benefits to the BitDAO community. For a start, they are able to receive $APEX governance tokens at an exclusive, discounted price to its market value. 

Additionally, when ApeX Pro is deployed on BitNetwork, ApeX Protocol’s community of derivatives DEX users will gain access and exposure to BitDAO and BitNetwork’s ecosystem.

We’re thrilled at the endless possibilities with this partnership, as ApeX Protocol continues to take its traders to the forefront of the DEX race. 

Check out the proposal here: https://discourse.bitdao.io/t/discussion-apex-and-bitdao-proposal/4331