Recently-launched blockchain Aptos published a summary of its token distribution and incentive plans this morning amid reports of a slower-than-expected start and community criticism surrounding the amount of its native APT tokens held by private investors.
The initial total supply of Aptos tokens (APT) at Monday’s mainnet launch was 1 billion tokens, with some 510 million distributed to community members, 190 million to core developers and the remaining to the Aptos Foundation and private investors.
The Aptos Foundation holds 410 million tokens overall, which will be released over the next ten years. Of that, 125 million APT is available initially to support ecosystem projects, grants, and unspecified community growth initiatives, and a smaller 5,000,000 APT available initially to support the Aptos Foundation initiatives for the Foundation category.
Another 100 million tokens are held by Aptos Labs, a centralized entity that develops and maintains the blockchain.
Aptos said tokens...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...