- Cobie from UpOnly has criticized FTX and Binance for listing Aptos.
- Aptos made its debut on the mainnent on October 17.
- Another critic says Aptos currently has a lower TPS compared to Bitcoin.
Cobie, the host of a crypto podcast UpOnly, has criticized FTX and Binance for listing Aptos without providing any tokenomics transparency. Aptos, a Layer 1 blockchain made its debut on the mainnent on October 17.
Cobie questioned the authenticity of the new token and exclaimed:
It’s not great that FTX/Binance etc are all listing Aptos without any tokenomics transparency at all. Surely it should be a prerequisite to listing something that users can have the basic information on what they’re buying, lol.
According to Cobie’s shared snapshot, Aptos has launched its tokens but still fails to provide tokenomics transparency including the emission schedule and total supply of the Aptos blockchain. Even though the blockchain had completed its “genesis transaction” on October 12, its infrastructure was a bit lagging behind.
Meanwhile, FTX’s official account posted that it will list Aptos’ APT token from October 19. Aptos has been a brainchild of several former Meta employees with many other renowned investors such as Tiger Global, Katie Haun, Multicoin Capital, FTX Ventures, Coinbase Ventures, Binance Labs, and PayPal Ventures who have stepped up to finance the project.
The Aptos blockchain runs on Rust-based Move, a language also used by Mysten Labs for its Sui blockchain. However, the token has not been doing so well on its first day. A crypto enthusiast, who goes by the name of Paradigm Engineer #420, says in comparison to Bitcoin, Aptos currently has a lower TPS, and most of its tokens are staked or ready for retail investors to purchase.
However, Aptos shared an update on the progress, dismissing the claim by the Twitter user:
The Aptos network has been performing as expected and will see increased activity as ecosystem projects onboard and get going.
The crypto community on Twitter believe that only time can tell how the token will perform in the coming days.
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