Image Credits: Fxleaders
- Token Unlocks, a platform for cryptocurrency tokenomics, has announced the release of Aptos (APT) tokens.
- Only 175.43 million APT tokens have been unlocked thus far, representing 17.54% of the total APT tokens in existence.
- Aptos is an innovative public blockchain created by former Facebook employees.
Token Unlocks, a prominent platform that provides insights into cryptocurrency tokenomics, has announced an upcoming release of Aptos (APT) tokens. This development will see nearly $143 million worth of APT tokens enter the Aptos network, accounting for about 10.89% of the total APT tokens currently in circulation.
🚨 Unlocks Alert $APT 🚨
⏳ ~$147m unlocks are coming
🔥 10.89% of circ. supply will be unlockedOn November 12th, 2023, get ready for a massive cliff unlock as:
– Investors
– Foundation
– Core contributors
– CommunityDon’t miss out!
Save the date on your calendar now! 🗓️… pic.twitter.com/4POC73fLjG— Token Unlocks (@Token_Unlocks) September 1, 2023
Scheduled for November 12, 2023, this event presents an opportunity for various stakeholders, including investors, the Aptos Foundation, core contributors, and the broader Aptos community, to benefit from the token release. Token Unlocks has shared a screenshot of the unlock schedule, detailing the allocation of tokens to different categories of participants.
Aptos investors will receive 8,423,915.00 APT, while the Aptos blockchain network’s foundation will obtain an allocation of 1,333,333.33 APT. Additionally, core contributors will be allocated 11,875,000.00 APT, and the Aptos community will receive 3,210,144.60 APT. In total, 24,842,392.93 APT tokens will be distributed on November 12.
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According to data from the Token Unlock dashboard, only 175.43 million APT tokens have been unlocked thus far, representing 17.54% of the total APT tokens in existence. This means that 824.57 million APT tokens, equivalent to 82.46% of the total supply, are yet to be released into the Aptos ecosystem. The remaining tokens will follow a predetermined unlock process similar to the one scheduled for November 12.
Aptos stands out as an innovative public blockchain created by former Facebook employees. It focuses on providing high throughput and optimized security for smart contracts. The native token of this groundbreaking blockchain, APT, is currently trading at $5.55, as reported by the Token Unlocks dashboard. The dashboard also indicates that APT’s market capitalization stands at $1,267,161,205.46, with a circulating supply of 228,317,334.32 APT tokens.
