BTSE will add Aptos (APT) onto its platform on Thursday, May 4, 2023, adding to its users’ selection of quality digital assets. Additionally, APT will be listed on BTSE’s wider ecosystem of 10+ white-label crypto exchanges, enabling better liquidity and pricing. Users will be able to trade APT via the APT/USDT trading pair.
Key Dates
1. Deposits enabled: effective immediately (supported network: Aptos)
2. Trading enabled: 8:00 AM (UTC) on May 4, 2023
3. Withdrawals enabled: 8:00 AM (UTC) on May 5, 2023
Aptos: A Scalable Layer 1 Blockchain for Mainstream Web3 Adoption
Aptos is a groundbreaking Layer 1 Proof-of-Stake (PoS) blockchain that utilizes a novel smart contract programming language called Move, developed independently by Meta (formerly Facebook)’s Diem blockchain engineers. Aptos aims to bring mainstream adoption to web3 while empowering a diverse ecosystem of DApps to solve real-world user challenges.
Boasting a theoretical transaction throughput of over 150,000 transactions per second (tps) through parallel execution, Aptos has attracted significant investments from notable venture capital firms, including Andreessen Horowitz (a16z), Tiger Global, Multicoin Capital, Jump Crypto, and Binance Labs.
The APT Token: Powering the Aptos Ecosystem
Market Cap: $1,845,432,819
Circulating Supply: 189,665,839 APT
Total Supply: 1,032,404,971 APT
The native APT token is central to the Aptos ecosystem, providing various functionalities:
1. Staking and Consensus: APT tokens can be staked by validators to secure the network and participate in the consensus mechanism.
2. Governance: APT token holders can participate in the network’s governance by voting on proposed upgrades, changes, and other crucial matters
3. Incentivizing Developers: APT can be used to reward developers for creating innovative DApps, driving growth and diversity within the Aptos ecosystem.
What Traders See in APT
1. Scalability and Throughput: Aptos’ impressive tps of over 150,000, enabled by parallel execution and sharding, makes it a strong contender in the Layer 1 blockchain space.
2. Move Programming Language: Aptos’ Move language offers unique advantages over Solidity, enabling easier verification, private key modification, and a modular design.
3. Strong Foundation: Aptos was founded by experienced Meta engineers and has received strategic investments from top venture capital firms, ensuring a solid foundation for the project.
4. Innovative Solutions: Aptos’ unique approach to transaction execution and its focus on configurability and upgradeability opens up new use cases and improved user experiences in the web3 ecosystem.
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Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.
