- Token Unlocks reported an upcoming Aptos (APT) token unlock.
- Nearly $143 million worth of APT will be introduced into the Aptos network.
- Unlocked tokens will be distributed to investors, the Aptos Foundation, core contributors, and community members.
Token Unlocks, the leading platform that provides insight into cryptocurrency tokenomics, reported an upcoming Aptos (APT) token unlock. The tokenomics platform posted that nearly $143 million worth of APT will be introduced into the Aptos network, amounting to 10.89% of the APT circulating supply.
According to Token Unlocks, the event will take place on November 12, 2023, and will provide an opportunity for investors, the Aptos Foundation, core contributors, and every member of the Aptos community to reap benefits. A screenshot of the unlock schedule shared by Token Unlocks shows the token allocation to the different categories of stakeholders.
Aptos investors are allocated 8,423,915.00 APT, while the blockchain network’s foundation will receive an allocation of 1,333,333.33 APT. The allocation for the two remaining categories is 11,875,000.00 APT to core contributors and 3,210,144.60 APT to the Aptos community. The total sum of tokens to be allocated on November 12 is 24,842,392.93 APT.
Detail from the Token Unlock dashboard shows that only 175.43 million APT have been unlocked so far, amounting to 17.54% of the total APT tokens created. Hence, there remains 824.57 million APT, equivalent to 82.46% of the total supply that is yet to be released into the Aptos ecosystem. The remainder of the tokens will be released through a predetermined token unlock process, like the one scheduled for November 12.
Aptos is an innovative public blockchain developed by former Facebook employers. It is a blockchain solution that focuses on delivering high throughput and optimized security for smart contracts. The innovative blockchain’s native token, APT, traded for $5.55, according to data from the Token Unlocks dashboard. The dashboard also shows APT’s market cap to be $1,267,161,205.46, with a circulating supply of 228,317,334.32 APT.