blockchainreporter.net
More than 82% of the tokens on the network are currently staked across all categories, with a majority locked according to the distribution schedule. On November 12, 24.84M APT will be unlocked. It allocates to core contributors, investors, the community, and the foundation. The release of such an extensive amount of tokens sparks speculation about a significant sell-off and the potential for a subsequent price decline.
125M APT Tokens Unlocked for Community Initiatives
Aptos launched its mainnet with an initial total supply of 1 billion Aptos tokens (APT). These tokens have 8 digits of precision, with the minimal unit called an Octa. The majority of tokens, 410,217,359.767, are held by the Aptos Foundation. However, 100,000,000 are held by Aptos Labs. These will be distributed over a ten-year period for various community and foundation initiatives.
24.84M $APT ($181.35M, 9.96% of Cir. Supply) will be unlocked on Nov 12.
— Lookonchain (@lookonchain) November 11, 2023
11.88M $APT($87.04m) to Core contributors
8.42M $APT $61.75M) to Investors
3.21M $APT($23.53M) to Community
1.33M $APT($9.77M) to Foundation
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For the community category, 125,000,000 APT is available initially. Additionally, 5,000,000 APT is available for the foundation category. The remaining tokens for both categories are expected to unlock gradually over the next 10 years. Core contributors and investors are subject to a four-year lock-up schedule, with gradual unlocking starting from the 13th month after the mainnet launch.
High Staking Indicates Strong Support for Aptos
Aptos successfully raised $200M in a strategic round led by Andreessen Horowitz and $150M in a Series A round led by FTX Ventures and Jump Crypto. Particularly, Binance Labs and Dragonfly Capital also made strategic investments in Aptos. The current circulating supply is 249,315,151 APT, and according to Oklink, the real-time circulating supply is 195.18M APT, with 869.63M APT (87%) staked. The top 100 holders control 83% of the real-time circulating supply. It holds a total of 161.17M APT. The high percentage of staked tokens demonstrates a strong community commitment. With a robust crypto landscape, fundraising history and strategic partnerships, Aptos appears distinguished for continued success in the dynamic.