A little knowledge about aptos blockchain
Move is the name of the programming language used in Aptos smart contracts. Move emphasizes security and flexibility in the context of its use.
Byzantine Fault Tolerance
(BFT) is a protocol that supports parallel transaction processing thereby. Reduces latency in confirming a transaction and speeds up transaction processing.
PoS is a type of blockchain consensus where transaction validation is done by a validator that has a certain amount of native coins as collateral. PoS used is the standard PoS as in Ethereum.
Aptos has a total supply of 1 Billion coins of which 190 Million coins are already in circulation based on coinmarketcap data.
Diagram below shows 4 entities that received $APT coin allocations
The manner in which $APT is distributed to entities other than 'communities' is still unknown. For the Community itself, $APT was distributed by airdrop to 110,235 eligible wallet addresses at 150 $APT. The total airdrop was 16,535,250 APT or 1.65% of the total supply.
Last year, Topaz had tried the Aptos testnet to mint its new NFT project. he said that the marketplace received more than 1,000 applications from creators. Topaz is one of the largest NFT marketplaces on Aptos.
Top NFT projects to date is Aptomingos, Aptos Monkey, and Pontem Space Pirates.
Although PancakeSwap is a Binance Chain project, it is among the top projects in terms of TVL on Aptos Blockchain.
LiquidSwap is also a DEX on the Aptos blockchain that allows users to exchange stablecoins. LiquidSwap uses Layer-Zero to bridge other blockchains to Aptos.
Although it is still a relatively new project, Aptos is able to enter the top 50 projects with the largest capitalization of the crypto market due to the concept of the project and its development team. The robust technology and Move programming language implementation means that Aptos can be modified quickly depending on the situation the blockchain is facing.
However, investing in a fledgling crypto project means that investors should be aware of its high price volatility as the project's utility is still narrative and unproven.