Aptos Labs issued a brief update on the Aptos (APT) tokenomics in a tweet following the leak by the South Korea's largest cryptocurrency exchange Upbit.
Aptos (APT) tokenomics in its PDF report.
According to a chart in the report, 51.02% of APT tokens are allocated to the community, 19% to key contributors, 16.50% to the foundation, and 13.48% to investors. Aptos Labs' Aptos (APT) token has already been listed on major cryptocurrency exchanges like Binance, FTX, Coinbase, Huobi, and OKX.
Cobie, a prominent crypto influencer, expressed worry over several major exchanges listing the Aptos (APT) token without providing details on tokenomics. He argues that exchanges must offer investors basic information on the cryptocurrency or tokens they are buying.
“It's not great that FTX, Binance, and other exchanges are all listing Aptos with no tokenomics transparency. It should surely be a requirement for listing something that users have basic information about what they're buying.”
Several Twitter users later discovered that Upbit, South Korea's largest cryptocurrency exchange, had accidentally leaked APT token economics in their report. Aptos Labs has restricted the initial token supply to one billion APT tokens. Furthermore, 51.02% of the APT tokens will be distributed to the community, 19% to core contributors, 16.50% to the foundation, and 13.48% to investors.
Following the leak, Aptos Labs issued a brief update on the Aptos tokenomics in a tweet. It refers to an article that contains information on the starting supply, distribution timetable, predicted token supply schedule, and expected token supply fluctuations.
Crypto Exchange Listing Aptos Token
Aptos Labs' Aptos (APT) token has been listed on several cryptocurrency exchanges, including Binance, FTX, Coinbase, Huobi, and OKX. The APT token will be accessible for trade on Wednesday, October 19 at 6:30 a.m. IST.
Aptos tokens may be traded on Binance in the APT/BTC, APT/BUSD, and APT/USDT pairs. However, withdrawals for APT will begin on October 20 at 6:30 AM IST, and Binance will add APT to its borrowable asset list for cross-margin and isolated-margin pairings.
Whereas, users of the crypto exchange FTX can trade Aptos in the APT/USD and APT/USDT trading pairs. On FTX, deposits and withdrawals are already accessible.
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