Aptos Tokenomics explained: Is Aptos a good buy?
Aptos is a layer 1 blockchain solution that uses MOVE as its coding language, and is made to be extremely modular and easy to upgrade. The protocol has also made a number of features to improve user experience and security at the same time. These include pre-signing transaction transparency, which explains the exact outcome of a transaction in clear terms before the user signs it, and hybrid important management systems, which make the system more secure and reduce the chances of key mismanagement.
What we are going to learn?
The Aptos whitepaper details numerous technical aspects of the blockchain’s operation. Among the highlights are:
- Aptos employs a BFT PoS consensus and a Move programming language based on Rust.
- Parallel execution is used by the Aptos blockchain to process many transactions simultaneously.
- Aptos claims that it currently perform 130,000 transactions per second (TPS) while preserving security and dependability. The target number is 160,000.
- Aptos has an almost fixed cost for data access and modification.
- The blockchain allows for the storage of massive datasets in tables and facilitates shared or independent accounts.
Aptos, like many other blockchains, employs a native coin to facilitate transactions, staking, governance voting, and network fees. The token has not been distributed yet. The Aptos Foundation has launched the Aptos blockchain tokenomics framework. The foundation, according to the tweets, has provided a summary but has promised a more lengthy description of the blockchain’s tokenomics and fundamentals in the future.
By the end of 2031, there will be 1.5 billion tokens on the blockchain, up from the initial 1 billion. The smallest unit in Aptos will be known as an Octa. The community will receive roughly 51% of the tokens on the blockchain, followed by core contributors with about 19%, the foundation with 16.5%, and investors with 13.48%. The funds will be distributed to the community over the following ten years through grants and other programmes. Tokens granted to investors and important contributors have a four-year vesting period.
Furthermore, the foundation claimed that 82% of network tokens have already been staked and are receiving staking fees. Users that stake their tokens should be able to access and trade their staking rewards, even if they have vesting periods. The money given to the community will be spread over the following decade through grants and other programmes. Tokens issued to essential contributors and investors have a four-year vesting period.
Crypto Experts View on Aptos Tokenomics
Although Aptos (APT) has already made a name for itself as one of the most overly hyped ventures of the forthcoming Crypto Winter, some experts think its tokenomics are unduly dominated by whales. The fact that 82% of APT tokens are staked has drawn attention, suggesting that this sizeable amount of APT can be sold to retail users. Prior to the release of the tokenomics summary, a number of crypto users voiced concern that trading of the blockchain’s token would begin without this information. Additionally, a lot of detractors laughed at the apparently random distribution of 51% of APT tokens to the “community.” Finally, opponents welcomed the decision by all Tier-1 exchanges, including Binance, FTX, and others, to list APT in spot pairs on day one as a clear warning of anticipated severe volatility.