Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Incentivised Posting / Shill => Topic started by: amberrrr789 on October 21, 2022, 05:51:46 PM
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A overview of the APT token distribution and incentive system was made public when Aptos launched on Monday. Individual investors' holdings of APT are quickly attacked by the cryptocurrency community. One billion Aptos tokens were purportedly accessible at the beginning of the mainnet launch; 510 million of those tokens were given to community members, 190 million to significant donors, and the remaining tokens were given to the Aptos Foundation and private investors.
The Foundation will distribute the 410 million tokens it now possesses over the next ten years. While 125,000,000 APT are initially accessible to support ecosystem projects, rewards, and future community growth activities, only a lower number of 5,000,000 APT are immediately available to assist Aptos initiatives for the foundation category.
According to Shaikh, an Aptos co-founder, a number of categorised tokens, including those allocated to the community and foundation, were staked at the time of genesis. He added that everybody who invests will benefit from proportionate staking benefits, which could become available every 30 days.
Evidently, not everyone is happy with the APT token reward and distribution scheme. The locked tokens used as prizes are "simply a clever strategy to acquire liquidity considering backers generally possess a big chunk of supply," claims cryptocurrency analyst @AkadoSang. The analyst claimed that even though wealthy individuals received the prizes, Aptos promoted them as "community incentives." The failure to disclose APT tokenomics data at the time of launch is another problem. This might undermine investor faith in Aptos.
Concluding Remarks
A16z is heading the venture-backed investment along with PayPal Ventures, Coinbase Ventures, and other investors. Investors and the general public will be closely watching every decision Aptos makes. I'm hoping Aptos can maximize this significant investment and continue to generate fresh concepts in order to realize their vision of becoming the Web 3.0 hub. It might be the Rust programming language family's Solana.