Aptos launches its blockchain and will list its APT token
Bitcoin and altcoins

Former Diem developers : Aptos launches its blockchain and APT token

Aptos (APT), the blockchain created by former Diem developers, is officially launching its mainnet. Indeed, after raising $350 million this year, Aptos is finally launching its long-awaited L1 blockchain.

Touting itself as “the most secure and scalable layer 1 blockchain,” Aptos was built around the Move programming language, which was originally developed by Meta for its Diem stablecoin. It was originally developed by Meta for its Diem stablecoin, and is derived from Rust, the language used for Solana (SOL), Polkadot (DOT) and Cosmos (ATOM).

The company explained in a statement:

After more than four years of hard work, hundreds of developer contributions and hundreds of diverse community projects around the world, we have arrived at Aptos Mainnet […] This is the first step in a long journey to create universal and equitable access to decentralized applications for billions of people through a secure and scalable blockchain.”

Based on the AptosBFT consensus, the Aptos blockchain is compatible with Move, a programming language that differs from Ethereum (Solidity) and Solana (Rust).

Aptos also just unveiled the project’s token economy (tokenomics). The L1 blockchain will have an initial supply of 1 billion tokens, which will grow to 1.5 billion by the end of 2031. The APT tokens will be split between the community (51.02%), major contributors (19%), the foundation (16.5%) and investors (13.48%).

Aptos also benefits from significant financial support, as it already totals more than $350 million in investments from giants such as FTX Ventures, a16z, Tiger Global or Binance Labs.

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