Aptos Foundation airdrops 20M tokens to its early testnet users

Layer-1 blockchain firm Aptos Basis announced on Oct 18 that it had rewarded its early community contributors with free APT tokens. 

1/ The Aptos Basis has supplied early community contributors with APT tokens. In case you are eligible to say, you’ll obtain an e mail from airdrop@aptosfoundation.org within the subsequent few hours.

— Aptos (@AptosFoundation) October 18, 2022

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The inspiration shared that it had allotted an estimated 20 million APT tokens, representing 2% of its preliminary whole provide of 1 billion APT, to about 110,235 eligible contributors. The airdropped tokens had an estimated worth of about $200–$260 million USD primarily based on the token’s market worth on the time the drop came about.

In accordance with the blockchain firm, eligibility for the airdropped tokens was primarily based on two classes: “Customers who accomplished an utility for an Aptos Incentivized Testnet” and customers who minted “an APTOS: ZERO testnet [nonfungible token, or] NFT.” Solely the unique minters of those NFTs have been eligible, not the present or secondary house owners of the NFTs.

The corporate shared that Aptos tokens may solely be claimed through the official Aptos Group web page with extra info supplied within the eligibility e mail despatched out by the corporate. They cautioned customers to train excessive warning and solely belief official sources and channels to keep away from being defrauded.

Aptos Basis’s first airdrop to its group members comes at a time when the challenge has been underneath a lot scrutiny by members of the crypto group on Twitter.

Associated: Court docket partially denies Aptos Labs’ movement to dismiss Glazer’s $1 billion lawsuit

Solana Blockchain developer Paul Fidika, who had allegedly labored on Aptos staking, claimed in a sequence of tweets that the challenge had “Dodgey tokenomics” and “Pretend POS.”

1. Dodgey tokenomics. The FTX / Coinbase / Binance tokens happening sale tomorrow are already owned by the exchanges and are already staked (I believe???) Nonetheless these exchanges are advertising as if these tokens are being offered by the group (which is not possible—there was no ICO)

— Paul Fidika | OpenRails.dev (@PaulFidika) October 18, 2022

Aptos was created by former Meta workers Mo Shaikh and Avery Ching, each of whom have been concerned in Mark Zuckerberg’s failed Diem blockchain challenge. Diem wound down ​​in February of this yr, with Meta promoting its mental property and different property.

In July, Aptos closed a $150 million funding spherical co-led by enterprise studios FTX Ventures and Bounce Crypto, with extra participation from Andreessen Horowitz, Apollo, Franklin Templeton and Circle Ventures. In accordance with Bloomberg, the funding spherical greater than doubled the startup’s valuation, which was over $1 billion as of March.