APEX: The Easy Way to Access Top Cardano Assets
Diversify Your Cardano Portfolio with a Single Token
What Is It?
The Cardano Apex Index is a community-driven token that tracks the performance of top Cardano-based assets. By holding the Apex token, you’ll gain access to a diversified basket of “blue chip” assets within the Cardano ecosystem. The Apex token provides a convenient way to interact with the Cardano network and participate in its growth and development.
Apex Token Benefits.
Diversified Exposure: Hold a single token that provides access to a range of top Cardano native assets.
Reduced Complexity: Simplify your interaction with the Cardano ecosystem by holding a single token that tracks the performance of multiple assets.
Convenient Access: Easily participate in the Cardano ecosystem with a single token, eliminating the need to manage multiple assets individually.
Ahead Of The Curve.
Stay up-to-date with the latest news and updates about the Apex token by following @CardanoAPEXindx on twitter. Or join the APEX community on our Discord. Be the first to know about new developments and stay informed about the latest advancements in the Cardano ecosystem.
How It Works
Apex Token Supply
We created a new token, APEX, which represents ownership in the Apex Index. The APEX token is a digital asset that can be bought, sold, and traded on cryptocurrency exchanges. To ensure a stable and sustainable growth trajectory, only 1% of the total APEX token supply will be initially made available for circulation. This limited initial supply allows for significant room for growth and expansion as new investors join the project or if the underlying Blue Chip assets appreciate in value.
Asset Selection
The APEX fund will select a diversified basket of the top 15-20 Cardano-based tokens, excluding stablecoins and bridge assets from other blockchains. This selection will be based on market capitalization, ensuring that the fund is representative of the Cardano ecosystem’s most prominent and liquid assets. By focusing on native Cardano tokens, the fund will provide investors with a pure play on the Cardano blockchain, without the added risk of external assets.
Weighted Index Construction
The APEX fund will strive to maintain a market-cap-weighted index, with adjustments made based on Xerberus risk ratings and community input. To ensure a diversified portfolio, the fund will also aim to maintain a balanced allocation across various sectors, including DeFi, AI, meme coins, gaming coins, and others. This blended approach will help minimize risk and maximize potential returns for investors.
Apex Index Updates
We regularly rebalance the Apex Index to ensure it remains a accurate representation of the Cardano ecosystem’s top Blue Chip assets. This involves adjusting the weights of the assets in the index and adding or removing assets as necessary to reflect changes in market capitalization and other key metrics. Notifications of these updates will be posted on the Apex Index Twitter account, providing transparency and keeping investors informed of any changes to the index.
Trading APEX Token
The APEX token is designed to provide seamless trading and liquidity for investors through liquidity pools paired with ADA and each Blue Chip asset in the Apex Index. These pools enable investors to sell APEX for ADA or any Blue Chip asset, providing a flexible exit strategy. A 0.5% trading fee will be charged on APEX-Blue Chip pool trades, serving as a token sink to maintain a stable and sustainable token economy.
Tracking The Index
The APEX token is designed to track the performance of the underlying assets in the index. The token’s value is derived from the combined value of the assets in the index, and it should move in tandem with the overall performance of the index. This will provides investors with a convenient way to gain exposure to the top Blue Chip Cardano native tokens and track the performance of these assets.