New Aptos Blockchain Introduces Controversial APT Incentive Strategies and Tokenomics

The tokens held by private investors are subject to a 12-month lockout, whereas the total quantity will be released over the next decade.

 

Despite concerns of a slower-than-expected start and community criticism regarding the number of its native APT tokens held by private investors, recently launched blockchain Aptos issued a breakdown of its token distribution and incentive programs.

 

About 510 million Aptos tokens were allocated to community members, 190 million to core developers, and the balance to the Aptos Foundation and private investors at the mainnet launch on Monday.

1/ Creating a network for the people requires a tokenomics designed with the community and fairness at its center.

The overview of that tokenomics is available here: https://t.co/KeU7RXANkd

— Aptos (@Aptos_Network) October 18, 2022

 

There are a total of 410 million tokens held by the Aptos Foundation, and they will be distributed over the course of ten years. Out of this total, 125,000,000 APT is initially accessible to assist ecosystem projects, grants, and other community growth activities, whereas only 5,000,000 APT is immediately available to fund Aptos Foundation initiatives.

There are a total of 410,000,000 Aptos Tokens held by the Aptos Foundation, and they will be distributed over the course of ten years. Out of this total, 125 million APT is initially available to fund ecosystem projects, awards, and other community growth activities, whereas the first amount of APT available to assist Aptos Foundation initiatives is far smaller at 5,000,000 APT.

 

 

Token holders who stake their assets to support the network receive rewards. The post stated, “At present, the maximum incentive rate begins at 7% yearly and is evaluated at each epoch.”

 

While all transaction fees are now incinerated, this may change in the future depending on governance decisions made by the Aptos community. “The maximum reward rate drops by 1.5% annually until a lower bound of 3.25% annually,” it noted.

 

The token idea has not won over the community’s enthusiasm, and many have voiced their displeasure with the disproportionate share going to devs.