Summary

Aepex is a decentralized network built on Ethereum that lets anyone create betting markets on anything. Our vision is for Aepex to be owned, operated, and governed by its community.

To achieve this goal, we’ve created a token that has operational control and governance power over the Aepex network. Token holders will be able to stake tokens in order to earn fees (i.e. “mining”). Aepex tokens will be distributed to users as they use applications (such as SportX) built on the network.

Get Tokens

Liquidity is the most important determinant of any markets’ success.

To incentivize users to provide liquidity to Aepex betting markets, we are releasing tokens to users that transact on Aepex applications. SportX is the first application to be built on Aepex, and is a non-custodial, peer-to-peer sports betting exchange.

The Aepex bonus schedule on SportX is shown below:

In the first block users will earn 5 Aepex tokens for every $1 bet.

Liquidity is particularly important during the early stages of a new market, and thus we release a proportionally larger amount of tokens to early users. The first $1 million of volume (called “Block #1) has a 500% bonus rate, meaning each $1 of volume earns a user 5 Aepex tokens. The following $2 million of volume (Block #2) earns 2.5 tokens per $1 of volume, with the following $4 million of volume earning 1.25 tokens, etc.

The schedule is designed so that an even 5 million Aepex tokens are issued each block, with the first 50 million tokens issued directly to users after a total of $1 billion in volume. We will be hosting events after the completion of each block (called “block” parties). We’re just about two thirds of the way through the first block so stay tuned for more info!

Until we launch the network, there are no Aepex tokens to distribute. However, that doesn't mean you can't earn any Aepex tokens! We've built a tracker on the SportX website that shows you how many tokens you've earned. Visit the Account page to see how many Aepex tokens you've earned.

Aepex Token

The Aepex token will have a number of different uses within the Aepex network. In addition to earning fees, the token gives users the power to:

  • 🤴Vote on the direction of the network
  • 👩‍⚖️ Set the rules that govern the network
  • 🏦 Decide what to do with network fees 

It’s still very early days for the token as we have to first launch the full Aepex network (scheduled for Q4 2019). Here’s some info on the token as of now:

  • 📊 Maximum token supply = 1,000,000,000
  • 🚀 Launch date = TBD (estimating early 2020)
  • 📈 Earn tokens by using Aepex applications like SportX

Aepex Network

Aepex is a decentralized network built on Ethereum that enables anyone to create betting markets on anything.

It uses smart contracts to eliminate the counterparty risk that is inherent in typical peer-to-peer betting transactions, thereby enabling users that don’t trust (or even know) each other to transact safely with one another online. All Aepex software will be open-source upon launch, enabling outside developers to easily build on-top of it.

By replacing operators with open-source software, Aepex drives down costs, makes it impossible to ban winners, and enables complementary innovation.

Betting Markets

Betting markets enable participants to trade the outcomes of future events. These events span the horizon from asset prices and economic indicators to sports and pop culture. Betting markets enable society to speculate and hedge risk from future events.

The prices of betting markets also serve as a kind of crowdsourced estimate of the likelihood of an event. Historically, betting markets have been more accurate than experts or polls, thus contributing useful information to society on the true probability of an event happening. 

However, the betting markets that exist today aren’t fair.

In the vast majority of betting markets that exist, users trade against the “house” or bookmaker who sets the odds. This creates an inherent conflict of interest between user and bookmaker. Because of this, operators have high transaction costs (spreads of 4–8% are common), restrict users (profitable users get banned), and close-source their software.

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