Meta’s Diem blockchain developers, Mo Shaikh and Avery Ching founded the token together with its blockchain with increasing interest from investors due to its novel smart contract programming language, Move. Aptos facilitates parallel execution within its blockchain where there is simultaneous processing and verification of independent transactions which lowers the waiting period for its users. It is providing healthy competition to Solana in decentralized finance, DAOs, and more smart contract capabilities with its token. The Aptos team claims that the token facilitates 150,000 transactions per second on the blockchain with failed transactions re-executed or aborted. The coin also facilitates staking with an owner-operator-voter model which also provides governance through voting rights.
A Bit About Aptos
Holders submit improvement proposals that the community can discuss and vote for such as blockchain parameters, framework modules, and core blockchain code. The builders will make gas fee payments in APT. Moreover, the token is described as an incentive that enhances community contributions and rewards validators for securing the blockchain. After the Mainnet launch on 12th October, it was stated that the tokens would have eight digits of precision as part of the fraction, with the minimal unit being an Octa. The coin had an initial supply of 1 billion, and 13.5% was allocated to early investors. 16.5% was assigned to the Aptos Foundation and 19% to core contributors. 51% was set aside for the Aptos community. The token under the Aptos Foundation was being used to provide early network participants with them if they were eligible. Eligible users had to be those who have finished an application for an Aptos Incentivized Testnet and those who mint an APTOS: ZERO testnet NFT.
The native coin of the Aptos blockchain aiming to deliver Web3 to the masses.CryptoLists.com
APT facilitates gas fees on transactions within the blockchain and provides staking rewards and voting rights on governance. It utilizes the owner-operator vote to enable this whereby the owner persona can stake and participate in governance or enable secure delegations of responsibilities to the other accounts of operator and voter. The owner persona maintains control of funds. The Aptos token facilitates voting on matters such as blockchain parameters, core blockchain code, and framework modules.
Utility of Aptos?
It's used to pay transaction fees on the Aptos blockchain. The token is also used for staking and on-chain governance of the network. APT's governance is limited to validators but will be expanded to the delegators. Holders can make decisions on proposals concerning the coin's projects.
Also, they can vote to enable the new signature scheme, on-chain configuration, and change to take effect. The on-chain governance lets the members create and vote on proposals that enable decisions on the network and token's upgraders. The scope of the recommendations for the on-chain governance includes the changes to the blockchain parameters, such as the minimum required and maximum allowed validator stake, changes to the core code, fixing bugs, and enhancing blockchain and token functionality.
Aptos Price detailsContract address: 0x1::aptos_coin::AptosCoin
›› Details & Tokenomics
Advantages of Aptos+ Aptos facilitates governance and community decisions on proposals via its network.
+ The token facilitates transactions with users paying gas fees with it.
+ It offers staking rewards to holders of the coin.
+ It enables a highly scalable and reliable processing of transactions.
+ The Aptos team is highly experienced to develop the coin.
Disadvantages- Reputation concerning the token shows concerns about its allocation.
- The coin faces stiff competition from other crypto projects, including Solana.
- Its chaotic crypto launch created doubts surrounding its potential.
- The token is relatively new hence uncertainty over its development.
- APT is susceptible to volatilty.
Costs▪ Rated at 9/10
Transaction fees of the token will be initially burned, but the discussion will be revised via governance voting in the future. These transactions are encoded in Binary Canonical Serialization (BCS); and contain information on the sender's account address, authentication, desired operation, and amount of gas the sender is willing to contribute to the transaction. Submissions of transactions need to contain gas fields such as maximum gas amount and gas price in Octa Units. The transaction fee that is charged to the client here will be at the most: Gas price * max gas amount.
On their own blog, the team behind Aptos announced plans for January 2023 to improve operations on NFT data to drop prices by 10x for dynamic NFTs.
Reputation and Buzz▪ Reputation rated at 9/10
▪ Buzz rated at 9/10
The online community is heavily invested in the coin with an increase in the number of individuals involved with the coin. At the moment, its Discord channel has over 120,000 members. Community and fairness are at the center of the network for the people regarding tokenomics. However, controversies on Twitter raise concerns about the token allocation for the developers and private investors questioning the token's motives.
The opaque nature of the token's distributions has brought the crypto world to examine the lack of transparency concerning some coin details. 82% of the tokens are staked across all the categories, giving the company a large share of staking rewards that are not subject to lockups. Additionally, downtime during the launch was apparent with many users airing their grievances.
Despite this, the token and its blockchain have had a great reception from the cryptocurrency industry due to their goal of providing highly scalable and reliable transactions that could be faster than Solana.
Who are the founders of Aptos?
Mo Shaikh and Avery Ching founded the token as part of the Aptos network to facilitate scalability, reliability, and safety.
Which exchanges can I purchase the token from?
Aptos token is available in various exchanges which you can find toward the bottom of this page.
History of Aptos
11th August 2022 – The Aptos Whitepaper was released to a rather large amount of fanfare.
September 15 2022 Binance Labs announced as a strategic investor.
12th October 2022 – The blockchain mainnet was launched.
December 2022 - Since launch, the chain has processed almost 50m transactions. This helps the value of its native coin APT - since it shows good fundementals of the network and project.