Aptos (APT) Hyped Tokenomics Finally Unveiled Ahead of Listing on Binance and FTX

Aptos (APT) Hyped Tokenomics Finally Unveiled Ahead of Listing on Binance and FTX

Aptos (APT) Hyped Tokenomics Finally Unveiled Ahead of Listing on Binance and FTX

The layer-1 blockchain Aptos token, APT, will be listed on major cryptocurrency exchanges tomorrow, October 19. Among those who have announced the addition of APT to their lists are Binance, FTX, OKX, and Huobi. Aptos unveiled its long-awaited tokenomics today, a day ahead of the listing. With the news of APT’s listing, criticism of the project erupted in the crypto community.

The lack of clear information on the tokenomics prophesied the fate of Aptos as Dfinity (ICP) when the token was destroyed by a $400-$5 dump due to countless early unlocks by investors. Therefore, according to the Aptos Foundation, of the total APT supply of 1 billion tokens, 51.02% goes to the community, 19% to key developers, 13.48% to early investors, and 16.5% to the foundation of the Blockchain. It is important to note that investors’ and developers’ shares will be partially blocked for four years from the date of sale.

Aptos mainnet launches, community swears

The vesting schedule, more detailed tokenomics and APT inflation can be found directly in the Aptos core document. It should be noted that some of the risks of token dumping at listing are eliminated given the shared team and investor data. However, doubts remain about the power of Blockchain!  Aptos currently only has 102 active verifiers, and the network currently produces a TPS of just 4.02, which is wildly different from the claimed 100,000 TPS. The team claims that the mainnet, which launched just a day ago, will approve more transactions and only needs to increase.

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