Aptos, the long-awaited layer 1 blockchain developed by former employees of the Diem project, has just announced the deployment of its mainnet. At the same time, the team revealed the APT tokenomics, and it will be distributed to the community on a monthly basis over a 10-year period.
Aptos launches its mainnet
Aptosthe blockchain built by former developers of Diem, the now obsolete project of Meta, announces the deployment of its mainnet.
Presenting himself as “ the most secure and scalable layer 1 blockchain », Aptos was built around the Move programming language, which was originally developed by Meta for its Diem stablecoin. It is itself taken from Rust, the language used for Solana (SOL), Polkadot (DOT) or Cosmos (ATOM).
In theory, the Move language makes it possible to offer more secure applications thanks to its intrinsic structure allowing developers to reduce the scope of possible attacks. The Aptos blockchain technology, which mixes its own AptosBFT V4 consensus method and a parallelization system, should, according to its own data, allow it to process up to 130,000 transactions per second with advanced security.
At the moment, although the mainnet is officially launched, the blockchain still offers few possibilities insofar as its token has not yet been launched and many applications have yet to land on the network. These applications include, among other things, wallets, decentralized finance solutions (DeFi), oracles and even tools for non-fungible tokens (NFTs).
Overview of the Aptos ecosystem as of September 30, 2022
Aptos also benefits from significant financial support, since it already totals more than $350 million in investments from giants such as FTX Ventures, a16z, Tiger Global and Binance Labs. This is also blamed on him, the project being still very young, which has given way to rumors concerning the distribution of tokens.
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APT tokenomics revealed
Tokenomics, which was particularly long overdue insofar as the APT token will be available for trading from the morning of October 19, notably on FTX, were revealed today. Thus, the distribution of tokens will be as follows:
- The community will receive 510 million tokens, or 51.02% of the supply from the initial distribution;
- Contributors will receive 190 million tokens, or 19% of the supply;
- The foundation will receive 165 million tokens, or 16.5% of the supply;
- Investors will receive 134 million tokens, or 13.48% of the supply.
Thus, the distribution will be ensured according to the following graph:
Tokens dedicated to the community and the Aptos Foundation will be distributed over a staggered period of 10 years. Thus, 1/120 of them will be distributed monthly during this period. At the moment, an overwhelming majority of these tokens are held by the Aptos Foundation (over 410 million), and 100 million of them are held by Aptos Labs.
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Source: Aptos Medium Blog
Graphic source: Press release
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