Aptos is a L1 blockchain built on the Proof of Stake mechanism. The project was developed Aptos Labs and used to be Diem (formerly Libre), now an abandoned project. The Aptos team are the same Diem developers and designers who once worked at Meta. The CEO of Aptos is Mo Sheikh, former Head of Meta Partners, formerly of Consensys, BlackRock, Boston Consulting Group and Avery Ching, former Chief Software Engineer who led Meta's internal blockchain solutions, formerly of Yahoo. Using its unique mechanism, Aptos processes more than 130 thousand transactions per second, and also has a low cost of transactions, for which it is often called the killer of Ethereum and Solana by the people.
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The Aptos mainnet was launched on October 12, 2022. The total emission of tokens is equal to 1 billion. Here is how the distribution of tokens among the participants of the ecosystem looks like:
Wallets for Aptos
Users often ask How to create a wallet on Aptos or how to set where to download a wallet on Aptos? And so we decided to write a guide to Aptos. To date, there are 4 most famous and reliable wallets that can be used when working with Aptos - Martian Aptos, Petra Aptos, Fewcha Aptos и Pontem. All of these wallets can be installed and used in your web browser as an extension or by installing an app on your smartphone.
Martian Aptos
After installation, expansion Martian Aptos you need to register. In the extension tab itself, there is a video that shows step by step how to do it. Instructions for registering a wallet. The extension is currently available for Chrome and Brave browsers and Martian Aptos Wallet can be downloaded on Android.
Petra Aptos
After installation, expansion Petra Aptos You need to go through an easy registration in a couple of clicks. Since we need to create a new wallet, and not import the old one, we use the “Create New Wallet” button, then we will be asked to come up with a password, confirm it and agree to the terms of use. The next step will show your 12-word seed phrase. It is necessary to rewrite it and hide it as securely as possible, but so as not to lose it. After you have done this, click "Continue". The next step in the Petra wallet will ask you to enter your seed phrase. Enter your phrase exactly as you saw it and wrote it down and click "Continue". Your wallet is ready to use. The extension is currently available for Chrome and Brave browsers and Petra Aptos Wallet can be downloaded on Android.
Fewcha Aptos
After installation, expandrhenium Fewcha Aptos you need to register. Since we need to create a new wallet, we click on the “Create a new wallet” button, then we need to select “Aptos Blockchain” and we move on to the next step. After you have come up with a password, confirm it and agree to the terms of use. The next step will show your 12-word seed phrase. It is necessary to rewrite it and hide it as securely as possible, but so as not to lose it. After you have done this, click "Continue". In the next step of the wallet, you will be prompted to enter the seed phrase in the same order. Enter your phrase exactly as you wrote it down and click "Continue". Your wallet is ready to use. The extension is currently available on Chrome, Brave and Microsoft Edge and Petra Aptos Wallet can be downloaded on Android.
Pontem Aptos
After installation, expansion Pontem Aptos you need to register. Since we need to create a new wallet, click the “Create wallet” button, then come up with a password, confirm it and agree to the terms of use. Click “Finish” and your wallet is ready to use. The extension is currently available on Chrome, Brave and Pontem Aptos Wallet can be downloaded on Android and IOS.
These are fully secure wallets that will allow you to collect, store, manage, send, exchange and trade tokens and NFTs. Wallets allow users to freely transfer tokens between their wallet and Aptos DApps, allow test coins to be deposited, transferred and explored on the network.
Investment in Aptos
In total, two rounds were closed. The Aptos Foundation closed a $200 million seed round with Binance Labs, a16z, Multicoin Capital, Katie Haun, 3 Arrows Capital, Hashed, Variant, Tiger Global, BlockTower, FTX Ventures, Paxos, Coinbase Ventures. A $150 million Series A round was closed with participation from FTX Ventures, Jump Crypto, a16z crypto, Multicoin Capital and Circle Ventures.
Tokenomics of Aptos
Investment funds have invested 350 million dollars. With a total emission of 1 billion tokens, the funds will receive 134 million. If we divide the investment amount by the number of tokens received, we get 2,6 dollars per token. But in order to understand the real price of a token for funds, you need to take into account the number of tokens received by the funds, developers and Aptos structures. Then we will get $350 million / 490 million. The price of one token will be approximately $0,7.
Let's take a closer look at tokenomics. Below is the unlock model for APT tokens.
At the initial stage, most of the distributed tokens belong to the community, but despite the fact that a large amount is indicated, very few tokens were distributed for installing wallets and nodes, about 2-3% of the issue. Funds can easily buy back these tokens for about $150-$200 million. Let's get it straight.
The next emission of tokens, including for large players, will not be available until November 2023. This means that no new tokens will appear on the market until November, with the exception of staking rewards, and funds are already staking their tokens. The supply circulation will remain at the level of $125-$140 million. They will be unlocked, but not sold, but will be used to support the work of the team, developers, marketing campaigns, etc.
Thus, if funds buy all APT tokens given away as free advertising, they will receive staking rewards until the next token distributions. By owning all the tokens, they will be able to influence the price of the token. What does this mean?
Influential players can raise the price of APT to $35-$40 per token, and then, during the unlocks, sell their positions at a price of $15 to $20. With such a buzz around this project, regular investors, seeing a significant discount, will definitely buy, which will lead to an increase in user flow and liquidity. Funds can continue to gradually realize their positions, sell tokens and make a profit due to the low entry price.
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