APT is up 𝟰𝟱𝟬% this month.
Want to know, "Why?"
🧵👇
Want to know, "Why?"
🧵👇
🔶Aptos is a layer 1 proof-of-stake blockchain that supports smart contracts and decentralized apps.
🔶It was founded by Mohammad Sheikh and Avery Ching in 2021.
🔶They previously worked for Facebook’s Diem project.
🔶It was founded by Mohammad Sheikh and Avery Ching in 2021.
🔶They previously worked for Facebook’s Diem project.
FUNDING AND BACKERS
🔶 It did its ICO in October 2022 where it raised $350 million from various VCs including #FTX ventures, a16z and 3AC capital.
🔶Its ICO price was $1.
🔶 It did its ICO in October 2022 where it raised $350 million from various VCs including #FTX ventures, a16z and 3AC capital.
🔶Its ICO price was $1.
🔶It can currently do 10,000 TPS in its testnet phase and can do a max of 160,000 TPS .
🔶The native token of #Aptos blockchain is APT.
🔶The native token of #Aptos blockchain is APT.
APT TOKEN
🔶Price- $19.02
🔶Circulating supply- 160,289,078
🔶Total Supply- 1,015,668,377
🔶Price- $19.02
🔶Circulating supply- 160,289,078
🔶Total Supply- 1,015,668,377
USE CASES OF #APT TOKEN
🔶It is used for paying fees transaction fees on Aptos blockchain.
🔶 It is used for governance in Aptos blockchain.
🔶 You can stake APT and earn 7% APR.
🔶There is no slashing for validators in Aptos blockchain.
🔶It is used for paying fees transaction fees on Aptos blockchain.
🔶 It is used for governance in Aptos blockchain.
🔶 You can stake APT and earn 7% APR.
🔶There is no slashing for validators in Aptos blockchain.
TOKEN ALLOCATION
VESTING SCHEDULE
PROS OF APTOS BLOCKCHAIN
🔶They have experienced founders.
🔶They have integrated advanced technologies to make their blockchain fast and secure.
🔶They have low transaction cost and also the blockchain is easy to upgrade.
🔶They are backed by notable VCs.
🔶They have experienced founders.
🔶They have integrated advanced technologies to make their blockchain fast and secure.
🔶They have low transaction cost and also the blockchain is easy to upgrade.
🔶They are backed by notable VCs.
CONS OF APTOS BLOCKCHAIN
🔶They are too VC centric which is a concern as VCs will eventually dump their holdings.
🔶 Their vesting schedule is too aggressive after Nov 2023 which can cause price downtrend.
🔶They have not been stress tested like other blockchains.
🔶They are too VC centric which is a concern as VCs will eventually dump their holdings.
🔶 Their vesting schedule is too aggressive after Nov 2023 which can cause price downtrend.
🔶They have not been stress tested like other blockchains.
🔶Deployment of Aptos on #PancakeSwap.
🔶Over $50 million of shorts got liquidated .
🔶Over $50 million of shorts got liquidated .
Is it a good time to buy #APT tokens ?
🔶Currently it has gone up a lot and technicals are indicating for a price correction so right now its not good to buy it.
🔶Next 7-8 months if there is a drop it can be a good buy as there will be very less unlocks.
🔶Currently it has gone up a lot and technicals are indicating for a price correction so right now its not good to buy it.
🔶Next 7-8 months if there is a drop it can be a good buy as there will be very less unlocks.
🔶After Nov 2023 there will be big unlocks each month which can suppress its price.
🔶If they will deliver on there promises they can be in Top 10 #Crypto given their Tech and Team but all will depend on future developments.
🔶Not financial advice, DYOR
🔶If they will deliver on there promises they can be in Top 10 #Crypto given their Tech and Team but all will depend on future developments.
🔶Not financial advice, DYOR
Do you think APT rally is over?
If you find this thread informative hit like, retweet and share with your friends😍
Follow @cillionaire_com for more such threads
Follow @cillionaire_com for more such threads
Loading suggestions...