South Korean crypto exchange Upbit unexpectedly leaks 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 core contributors, 16.50% to the foundation and 13.48% to investors. Major crypto exchanges including Binance, FTX, Coinbase, Huobi and OKX have already announced that the Aptos (APT) token will be listed by Aptos Labs.

Upbit Report Accidentally Leaks Aptos (APT) Token Economics

A prominent crypto influencer cobie raised concerns about several major exchanges listing the Aptos (APT) token with no details on tokenomics. He claims that exchanges should provide investors with basic information about crypto or tokens they buy.

“It’s not great that FTX/Binance etc. all list Aptos without any tokenomics transparency. It should definitely be a prerequisite to list something that users can have the basic information about what they’re buying.”

Several Twitter users later revealed that Upbit, South Korea’s top crypto exchange, accidentally leaked APT token economy in their report. Aptos Labs has kept the genesis token supply at 1 billion APT tokens. In addition, the APT token distribution is 51.02% to the community, 19% to core contributors, 16.50% to the foundation, and 13.48% to investors.

Following the leak, Aptos Labs in a tweet has released brief information about the Aptos tokenomics. It cites an article detailing the initial delivery, distribution schedule, estimated token delivery schedule, and expected token delivery changes.

Aptos is a proof-of-stake (PoS) Layer-1 blockchain from Aptos Labs. It uses the Move programming language and virtual machine (MoveVM) for dApp development. The team claims that Aptos can handle 130,000 transactions per second.

Crypto Exchange Listing APT Token

Several crypto exchanges, including Binance, FTX, Coinbase, Huobi, and OKX, have announced that the Aptos (APT) token will be listed by Aptos Labs. The APT token will be available for trading starting Wednesday, October 19 at 1:00 AM UTC.

Binance users can trade the Aptos token in APT/BTC, APT/BUSD and APT/USDT pairs. However, admissions for APT will open on October 20 at 01:00 UTC. Binance will also add APT to its list of loanable assets for multi-margin and isolated-margin pairs.

While FTX users of crypto exchange Aptos can trade APT/USD and APT/USDT trading pairs. The deposits and withdrawals are already open on FTX.

Varinder is a technical writer and editor, technology enthusiast and analytical thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a significant period of time and is currently covering all the latest updates and developments in the crypto industry.

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication is not responsible for your personal financial loss.





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