APXCOIN® TERMS
This page sets the binding commercial terms that apply to all APXCOIN (APX) sold in the presale conducted by APX Group Corporation Inc. These terms are in addition to any subscription documents or agreements that may apply.
1. SCOPE OF AGREEMENT
These restrictions apply to:
- All APX purchased in the official APXCOIN presale at the fixed price of 1 APX = 1 USD
- Any bonus, incentive, or matched APX allocated as part of the presale
- Any APX transferred to third parties by a presale participant where APX Group has explicitly stated that the same lockup and vesting apply
Note: They do not apply to APX purchased later on the open market, unless specifically stated.
2. KEY PARAMETERS
| Parameter | Details |
|---|---|
| Token | APXCOIN (APX), ERC-20 on Ethereum |
| Total Supply | 2,000,000,000 APX |
| Presale Price | 1 APX = 1 USD (or equivalent) |
| Lockup Period | 12 months from date of presale purchase |
| Vesting | 10% monthly release after lockup |
| Max Sale | Cannot sell more than currently vested amount |
3. LOCKUP PERIOD (MONTHS 0-12)
The lockup period starts on the settlement date of the presale purchase (the date the APX allocation is recorded for the buyer).
For the entire 12 month lockup period, presale APX are intended to be held, not traded or sold.
During the lockup, participants agree NOT to:
- Sell APX on any centralized or decentralized exchange
- Privately sell, swap or otherwise transfer APX to any third party for value
- Pledge or use APX as collateral in any lending, staking or DeFi facility
APX Group may make limited exceptions for internal technical transfers (e.g., moving between own wallets) but the lockup continues to apply.
Agreement Summary: This binding legal document enforces the 12-month lockup and 10% monthly vesting schedule. It strictly prohibits selling, pledging, wrapping, or depositing APX in DeFi protocols during the Restricted Period. Violations trigger immediate clawbacks, 125% liquidated damages, and ecosystem termination.
4. VESTING SCHEDULE (AFTER 12 MONTHS)
After the 12 month lockup expires, the original presale allocation for each participant vests in tranches:
Monthly Release
- Month 13: 10% eligible to sell
- Month 14: +10% eligible
- Month 15: +10% eligible
- ...Continuing every 30 days until 100% vested.
Rollover Policy
Unutilized capacity rolls forward. If a holder sells less than the allowed 10% in a given month, the unused vested amount remains available in future months, in addition to new vesting.
5. SALE & TRANSFER RESTRICTIONS
Once tokens are vested, holders agree to the following rules:
- At any given time, total APX sold/transferred for value must not exceed the cumulative vested amount.
- Any sale, swap or transfer for value counts toward the limit, regardless of venue (CEX, DEX, OTC).
Transfers between wallets belonging to the same owner are permitted if APX Group can track them and they are not used to circumvent restrictions.
6. ENFORCEMENT & BREACH
The APX smart contract is permissionless, but these are binding contractual obligations. If APX Group determines a breach:
- Permanent exclusion from future allocations/bonuses
- Termination of advisory/partnership relationships
- Public identification of non-compliant wallets
- Potential legal remedies for serious breaches
7. ILLUSTRATIVE EXAMPLE
Investor A purchases 100,000 APX
Months 0-12
Investor A holds. No selling allowed.
Month 13
10,000 APX (10%) vest. Investor sells 5,000.
Month 14
+10,000 APX vest. Unused 5,000 carries over.
Total Available Month 14
15,000 APX (5k rollover + 10k new).
The process repeats until all 100,000 APX are vested.
8. ACKNOWLEDGEMENT
By participating in the APXCOIN presale, sending funds to the official presale address, or accepting an APX allocation designated as subject to these terms, each participant:
- Confirms that they have read and understood this Lockup, Vesting and Sale Restriction Page
- Agrees to be bound by these terms in full
- Confirms that any wallets they use for APX holdings will be operated in accordance with these restrictions
APX Group may update this page for clarity or to reflect regulatory or exchange requirements. Any material changes will apply only on a prospective basis and will be communicated through the official APX channels and website.