OKX Blockdream Ventures, the investment arm of crypto exchange OKX, said Tuesday it will launch a $10 million fund to support projects on the Aptos ecosystem. In addition, the OKX crypto exchange is second after Binance to list APT perpetual contracts. The Aptos Layer-1 blockchain aims to solve the problems of Ethereum and Solana and claims to process 130,000 transactions per second.

OKX plans extensive support for Aptos developments

Crypto exchange OKX announced earlier today that it is listing Aptos (APT) token for spot trading. OKX has continued to support the Aptos after OKX Blockdream Ventures announced $10 million to support projects on the Aptos Layer-1 blockchain.

The fund will provide financial and comprehensive support for projects developing on the Aptos blockchain. In fact, it will help startups and entrepreneurs build strategic partnerships and connect with clients, investors, consultants and buyers. It will also help improve products and services.

In addition, OKX Blockdream Ventures will promote projects on trading platforms. It will also provide entrepreneurs with essential resources around the world.

Dora Yue, the founder of OKX Blockdream Ventures, wants to further support companies and projects to build on the Aptos blockchain.

“We are excited to partner with Aptos and look forward to working together to enable high-quality projects while supporting their development.”

The crypto exchange OKX also announced that it listed APTUSDT perpetual contract on October 19. The second after Binance to announce APT perpetual contracts. Meanwhile, Aptos has asked crypto exchanges to delay the perpetual contract offer for at least two weeks. The APTUSDT perpetual contract on OKX is offered with a leverage of 0.01 to 75x.

Aptos (APT) Token Draws Strong Attention

Crypto exchanges rushed to list the Aptos (APT) token after Aptos announced the availability of the APT token. However, the lack of tokenomics has raised concerns about the benefits it offers investors. Following a leak, the Aptos Foundation has released details about tokenomics. According to 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.

Currently, Binance, FTX, Coinbase, OKX, Huobi and other major exchanges have announced that they are offering the APT token for spot trading.

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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