Aptos Foundation airdrops 20M tokens to the early testnet users

Layer-1 blockchain company Aptos Foundation announced on March 18 it had rewarded its early network participants with free APT tokens. 

The building blocks shared it had allotted an believed 20 million APT tokens, representing 2% of their initial total way to obtain 1 billion APT, to around 110,235 qualified participants. The airdropped tokens had an believed worth of about $200–$260 million USD in line with the token’s market cost at that time the drop required place.

Based on the blockchain company, eligibility for that airdropped tokens took it’s origin from two groups: “Users who completed a credit card applicatoin to have an Aptos Incentivized Testnet” and users who minted “an APTOS: ZERO testnet [nonfungible token, or] NFT.” Just the original minters of those NFTs were qualified, and not the current or secondary proprietors from the NFTs.

The organization shared that Aptos tokens could simply be claimed through the official Aptos Community page with a lot more information provided within the eligibility email sent by the organization. They cautioned users to workout extreme care and just trust official sources and channels to avert being defrauded.

Aptos Foundation’s first airdrop to the community people comes at any given time once the project continues to be under much scrutiny by people from the crypto community on Twitter.

Related: Court partly denies Aptos Labs’ motion to dismiss Glazer’s $1 billion suit

Solana Blockchain developer Paul Fidika, who’d allegedly labored on Aptos staking, claimed in a number of tweets the project had “Dodgey tokenomics” and “Fake POS.”

Aptos was produced by former Meta employees Mo Shaikh and Avery Ching, each of whom were involved with Mark Zuckerberg’s unsuccessful Diem blockchain project. Diem wound lower ​​in Feb of the year, with Meta selling its ip along with other assets.

In This summer, Aptos closed a $150 million funding round co-brought by venture studios FTX Ventures and Jump Crypto, with a lot more participation from Andreessen Horowitz, Apollo, Franklin Templeton and Circle Ventures. Based on Bloomberg, the funding round greater than bending the startup’s valuation, that was over $1 billion by March.

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