Dear APEX Community,

The CPX buyback program (Phase 1) has just commenced as of August 30, 2020 — we have not released much details as the plan and strategy is still in the process of optimization and refinement. However, we now feel that we are able to share more concrete plans for the buyback.

Buyback channels

  • Exchanges [Primary, will be used for the long term]
  • Private sale investors (OTC) [Secondary, will be used initially for batch trades]


APEX Network Core Development

  • Team Buyback

A good portion of the buyback allocation will go to the team for long-term incentives, options, and/or investment. This portion includes Jimmy’s own CPX buyback allocation, currently planned to be around 50% of the team portion. APEX Core Development will execute the purchase and allow team members to purchase at the average price of CPX transacted.

Estimated Team Allocation: (20,000,000 CPX)

  • Ecosystem

The remainder of APEX Core Development CPX will go to ecosystem development and incentives pool, and for future rewards, including related to staking.

Estimated Ecosystem Allocation: (10,000,000 CPX)

Enterprise Partners

An additional portion of the initial buyback will be reserved for enterprise partners. APEX Core Development will pre-purchase these tokens and later provide an option to purchase at the average transacted price for the enterprise and ecosystem partners.

Estimated Enterprise Allocation: (6,000,000 CPX)


Exchange buyback has not started and is planned to start within the last two weeks of September

Thank you for your time,


APEX Network




Blockchain Powering the Next Generation of Consumer Applications

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

All About OilZ Finance

All About OilZ Finance

25 Slang Terms You Must Know for the Crypto Community

Cryptocurrency Slang Terms

Index Coop

The Price Discovery of NFTs

Frax Finance Weekly Report #10 | December 2021.

“100 Portraits” Airdrop Event!!

Fireside Chat on NFTs and DeFi: the Burning Topics


Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store


Blockchain Powering the Next Generation of Consumer Applications

More from Medium

The Failures of Our Food Production Systems

The one thing that makes or breaks all digital transformation

Meet Aillio Founder Jonas Lillie

Steph Korey Highlights the Benefits of ESG-Focused Businesses ⚡️ Disrupt Magazine

Steph Korey