Aptos Community Concerns Over Token Distribution

Aptos is a layer 1 blockchain. It has its own smart contract language called Move, the goal is to be easier to make smart contract and decentralized applications.

Aptos team claims that it can process 100,000 – 160,000 transactions per second. Whereas, time to finality is only 1 second.

We can say that Aptos can be Solana killer. Solana claims to have maximum TPS of 120,000.  Current time to finality is 2.34 seconds.

History of Aptos

In 2019, Facebook began develop its own cryptocurrency called Libra. Later Libra changed it name to Diem. In 2022 Facebook sold Diem’s asset to the Silvergate crypto bank for $182 million.

Computer scientists who were working on Diem, at that time developed Move smart contract language and Move Virtual Machine. In which it intended to be chepaer, faster, and more secure than Solidity and Ethereum Virtual Machine.

Move and Move VM are open source software. So, Diem developers took Move open source software and developed it into Aptos.

Aptos Concerns Over Tokenomics

Here is Aptos token distribution

Community 51.02%
(release over 10 years period)

Foundation 16.50%

Core Contributors (Aptos Labs and Advisors) 19.0%

Investors 13.48%

List of Aptos Investors

Seed Round (Raised $200 Million)

Andreessen Horowitz, Multicoin Capital, Katie Haun, Three Arrows Capital, ParaFi Capital, IRONGREY, Hashed, Variant, Tiger Global Management, Blocktower Capital, FTX Ventures, Paxos and Coinbase Ventures.

Series A (Raised $150 Million)

FTX Ventures, Jump Crypto, Superskrypt, ParaFi Capital, Oak HC/FT, Multicoin Capital, Jump Crypto, Griffin Gaming Partners, Franklin Templeton Investments, Circle Ventures and Apollo.

Undisclosed Amount

Binance Labs and Dragon Fly Capital

Aptos has circulating supply of 130,000,000, total supply of 1,000,935,772, and max supply still not confirm.

There are no clear details of how tokens are distributed. There is no clear explanation of how the community acquire tokens.

About 50% of the tokens are own by Aptos team and investors.

Aptos tokens are pretty heavily held by whales. In order to predict the potential of Aptos, we need to wait for the update of Aptos monetary policy. 

References

-https://www.coingecko.com/en/coins/aptos/tokenomics

-https://decrypt.co/112347/solana-killer-aptos-launch-hits-snags

-https://cryptobriefing.com/what-is-aptos-inside-the-new-move-based-layer-1-chain/

-https://pontem.medium.com/a-detailed-guide-to-blockchain-speed-tps-vs-80c1d52402d0