{"id":506839,"date":"2022-10-18T17:00:52","date_gmt":"2022-10-18T17:00:52","guid":{"rendered":"https:\/\/ktsl888.com\/?p=506839"},"modified":"2024-06-11T08:00:59","modified_gmt":"2024-06-11T08:00:59","slug":"what-is-aptos-apt-and-why-is-everyone-talking-about-it","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/what-is-aptos-apt-and-why-is-everyone-talking-about-it\/","title":{"rendered":"What Is Aptos (APT) And Why Is Everyone Talking About It?"},"content":{"rendered":"

Aptos (APT) has been making the rounds in the crypto spaces on social media for more than two months now. This new network caught the attention of many as the team\u2019s vision for the network was praised. On Monday, October 17th, the project announced<\/a> that its mainnet had finally arrived ahead of listings on exchanges. However, what would usually be a cause for celebration has drawn doubts from in the community.<\/p>\n

The Aptos Tokenomics<\/h2>\n

At the start of the week, a good number of centralized exchanges had announced that they would be listing the Aptos (APT) token for trading. These included the largest crypto exchanges such as Binance, FTX, and Coinbase, all of which have already released reports regarding their listing of the token. Naturally, supporters of the project are in full support of the listings but some have begun to question Aptos Labs\u2019 choices especially when it comes to the APT token.<\/p>\n

Related Reading: What Zombiechain? Cardano Tops Blockchains In Active Developer Counts<\/a><\/div>\n

The first thing that was called out by the community was the fact that the team was yet to release the tokenomics for the project even though they had already secured exchange listings. This was pointed out by Twitter users Cobie and MacnBTC who lamented the lack of transparency from the Aptos team.<\/p>\n

However, soon after, pictures of tokenomics from Upbit regarding the digital asset has begun to circulate on Twitter. This gave investors an insight into how the distribution of the APT token was being carried out before the team had released an official tokenomics.<\/p>\n

Community Not Convinced<\/h2>\n

The official Aptos tokenomics that was launched showed identical information to the one already available on the upbeat crypto exchange. Of the 1 billion token supply that was announced, 190 million (19%) was going to core contributors. The Foundation would get 165 million (16.5%) and investors were getting 134,782,460.233 tokens (13.48%). The remaining 51% of the supply was reserved for the community.<\/p>\n

This community allocation had, however, still drawn more questions from the community. Given that Aptos was not doing an airdrop and there was no way to initially get tokens before exchange listings, some have questioned how the community was supposed to actually get these tokens.<\/p>\n

Related Reading: Whales Across These Five Chains Are Heavy On Stablecoins, Should You Be Too?<\/a><\/div>\n

Others have also taken to criticizing the network as it is apparently not performing as promised. Aptos has previously stated that it would process transactions at a speed of 100,000 TPS but this tweet<\/a> alleges that the network is currently only doing 4 transactions per second.<\/p>\n

Presently, participants in the space are waiting for trading to go live on various exchanges on Wednesday. But some have already begun referring to the digital asset as a pump and dump scheme given the tokenomics.\u00a0<\/span><\/p>\n

Featured image from Altcoin Buzz, chart from TradingView.com<\/pre>\n
Follow <\/i><\/b>Best Owie on Twitter<\/i><\/b><\/a> for market insights, updates, and the occasional funny tweet\u2026<\/i><\/b><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"
Aptos (APT) has been making the rounds in the crypto spaces on social media for more than two months now. This new network caught the attention of many as the team\u2019s vision for the network was praised. On Monday, October 17th, the project announced that its mainnet had finally arrived ahead of listings on exchanges. However, what would usually be a cause for celebration has drawn doubts from in the community. The Aptos Tokenomics At the start of the week, a good number of centralized exchanges had announced that they would be listing the Aptos (APT) token for trading. These included the largest crypto exchanges such as Binance, FTX, and Coinbase, all of which have already released reports regarding their listing of the token. Naturally, supporters of the project are in full support of the listings but some have begun to question Aptos Labs\u2019 choices especially when it comes to the APT token. Related Reading: What Zombiechain? Cardano Tops Blockchains In Active Developer Counts The first thing that was called out by the community was the fact that the team was yet to release the tokenomics for the project even though they had already secured exchange listings. This was pointed out by Twitter users Cobie and MacnBTC who lamented the lack of transparency from the Aptos team. However, soon after, pictures of tokenomics from Upbit regarding the digital asset has begun to circulate on Twitter. This gave investors an insight into how the distribution of the APT token was being carried out before the team had released an official tokenomics. Community Not Convinced The official Aptos tokenomics that was launched showed identical information to the one already available on the upbeat crypto exchange. Of the 1 billion token supply that was announced, 190 million (19%) was going to core contributors. The Foundation would get 165 million (16.5%) and investors were getting 134,782,460.233 tokens (13.48%). The remaining 51% of the supply was reserved for the community. This community allocation had, however, still drawn more questions from the community. Given that Aptos was not doing an airdrop and there was no way to initially get tokens before exchange listings, some have questioned how the community was supposed to actually get these tokens. Related Reading: Whales Across These Five Chains Are Heavy On Stablecoins, Should You Be Too? Others have also taken to criticizing the network as it is apparently not performing as promised. Aptos has previously stated that it would process transactions at a speed of 100,000 TPS but this tweet alleges that the network is currently only doing 4 transactions per second. Presently, participants in the space are waiting for trading to go live on various exchanges on Wednesday. But some have already begun referring to the digital asset as a pump and dump scheme given the tokenomics.\u00a0 Featured image from Altcoin Buzz, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026<\/p>\n","protected":false},"author":541,"featured_media":506846,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,142,87237,85692,87238,12715],"class_list":["post-506839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-altcoins","tag-apt","tag-aptos","tag-aptos-tokenomics","tag-crypto-community"],"acf":[],"yoast_head":"\nWhat Is Aptos (APT) And Why Is Everyone Talking About It?<\/title>\n<meta name=\"description\" content=\"Aptos (APT) has been making the rounds in the crypto spaces on social media for more than two months now. 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/ktsl888.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"What Is Aptos (APT) And Why Is Everyone Talking About It?","url":"http:\/\/ktsl888.com\/news\/what-is-aptos-apt-and-why-is-everyone-talking-about-it\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/what-is-aptos-apt-and-why-is-everyone-talking-about-it\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/Aptos-APT.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/Aptos-APT.jpg?fit=1280%2C720"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","altcoins","apt","aptos","aptos tokenomics","crypto community"],"dateCreated":"2022-10-18T17:00:52Z","datePublished":"2022-10-18T17:00:52Z","dateModified":"2024-06-11T08:00:59Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"What Is Aptos (APT) And Why Is Everyone Talking About It?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/what-is-aptos-apt-and-why-is-everyone-talking-about-it\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/what-is-aptos-apt-and-why-is-everyone-talking-about-it\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Aptos-APT.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Aptos-APT.jpg?fit=1280%2C720\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"altcoins\",\"apt\",\"aptos\",\"aptos tokenomics\",\"crypto community\"],\"dateCreated\":\"2022-10-18T17:00:52Z\",\"datePublished\":\"2022-10-18T17:00:52Z\",\"dateModified\":\"2024-06-11T08:00:59Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/Aptos-APT.jpg?fit=1280%2C720","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/506839"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=506839"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/506839\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/506846"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=506839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=506839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=506839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}