The Apex Fusion Foundation has announced the official launch of its blockchain ecosystem and native token AP3X. The foundation has made its first chain ‘PRIME’ live, the foundation blockchain layer, that comes with a network security model with multi-chain architecture that unites Bitcoin’s (UTxO) security model with Ethereum’s (EVM) programmability.
According to the Apex Fusion Foundation, the launch marks the beginning of a “roadmap designed to create a frictionless, scalable, and reputation-driven blockchain network that supports real-world adoption.”
According to the makers of the project, more than 130 stake pool operators (SPOs) are already securing the chain, providing robust security and decentralization. AP3X token holders can participate in liquid native staking, earning annual rewards while contributing to network security.
Apex Fusion has also confirmed exchange listings for its AP3X token on LBANK, scheduled for February 20, 2025. Early adopters will have the opportunity to engage in staking, earning an initial annual yield of around 10%.
When it comes to legal concerns, Apex Fusion Foundation claims to be registered in Switzerland with its native token AP3X classified as utility token.
Apex Fusion to also launch NEXUS -a Layer 2 solution
The Apex Fusion roadmap also includes the launch of NEXUS, an EVM-compatible Layer 2 for smart contract execution, and VECTOR, a UTXO (Unspent Transaction Output)-based Layer 2 for fast and cost-efficient transactions. The upcoming Reactor Bridge will enable seamless cross-chain transactions, allowing assets and liquidity to move frictionlessly across different networks.
Also Read: Bridging Ethereum and Cardano: Apex Fusion’s Route to Mainnet
