Aptos Price

Aptos’ (APT) stated vision is to deliver a blockchain that can bring mainstream adoption to Web3 and empower an ecosystem of decentralized applications to solve real-world user problems. To that end the Aptos blockchain was developed with scalability, security, dependability and adaptability as its core principles. 

A team of over 350 developers worked on the blockchain project for three years, introducing new concepts in consensus, smart contract design, system security, performance and decentralization.

What is Aptos and what are its unique features?

The Aptos blockchain incorporates and internally employs the Move language for rapid and secure transaction execution. The Move prover, a formal verification tool for Move, a new smart contract programming language, adds an extra layer of protection, ensuring contract invariants and behaviors remain intact.

The Aptos data model also offers flexible key management and hybrid custodial choices. Combined with transaction transparency prior to confirmation and practical light client protocols, this setup aims to enhance user safety and trustworthiness.

To achieve exceptional throughput and minimal latency, the Aptos blockchain adopts a pipelined and modular approach across crucial transaction processing stages. This approach concurrently manages transaction distribution, block metadata ordering, parallel transaction execution, batch storage, and ledger certification. By fully utilizing available physical resources, enhancing hardware efficiency and enabling highly parallel execution, this approach optimizes performance.

Additionally, the Aptos blockchain claims to support atomicity, even with highly complex transactions, resulting in increased throughput, reduced latency for real-world applications and simplified development.

The modular architecture of the blockchain ensures client adaptability and facilitates frequent and instant upgrades. Furthermore, to expedite the deployment of new technological innovations and accommodate emerging Web3 use cases, Aptos incorporates embedded on-chain change management protocols.

Aptos has said that it is exploring future initiatives to scale beyond individual validator performance. Its modular design and parallel execution engine allow for internal sharding of validators, while homogeneous state sharding holds the promise of horizontal throughput scalability without introducing additional complexity for node operators.

Founders of Aptos

Aptos Labs was founded by CEO Mo Shaikh and CTO Avery Ching, both of whom formerly worked at Meta Platforms and had years of experience as a senior developer and engineer in the blockchain industry.

APT and the Aptos Network

APT is the native cryptocurrency on the Aptos blockchain and has an initial total supply of 1 billion tokens and as of early October had a market capitalization of $1.1bn with a 24-hour trading volume of $191.04m.

The allocation of APT tokens is divided into four categories; community (51.02%), core contributors (19%), foundation (16.5%) and investors (13.48%).

Within the community allocation, approximately 80% of tokens are under the Aptos Foundation, while the remainder is held by Aptos Labs. These holdings are earmarked to support the growth of the community and Aptos Foundation initiatives. Notably, the residual portion will be gradually unlocked on a monthly basis over the span of the next 10 years.

Governance

Aptos employs an on-chain governance system that allows its members to initiate and participate in proposals aimed at streamlining the expenses associated with blockchain upgrades. The Aptos on-chain governance encompasses the following areas of proposal consideration:

• Alterations to blockchain parameters: This may include adjustments to parameters such as epoch duration, as well as modifications to the minimum required and maximum allowable validator stakes.
• Amendments to core blockchain code: Proposals may be put forth to enact changes in the fundamental code governing the Aptos blockchain.
• Enhancements to Aptos framework modules: Proposals can also revolve around the enhancement or bug-fixing of existing Aptos Framework modules, with the aim of bolstering the overall functionality of the Aptos blockchain.
• Deployment of New Framework Modules: Additionally, proposals may encompass the deployment of new framework modules, allocated within the address range from 0x1 to 0xa.

APT price history

The Aptos token launched on 19 October 2022 at $8.38 and would go on to have an optimistic turn in its first few days, rallying over 20% to $10.25.

However, the Aptos coin took a downturn in November, amid the fallout of FTX’s bankruptcy. The APT crypto price dropped below $7 for the first time on 7 November, at $6.9933, and would continue to slide downward towards the end of the year, reaching an all-time low of $3.0870 on 29 December 2022.

The Aptos token would go on to rebound heavily in early 2023, starting off the year at $3.4511 the price rallied close to 500% to reach an all-time high of $19.90 on 30 January.  However, the rally would not last and the APT crypto price trended lower in the following couple of months, dropping down to around the $10 mark in early March.

From there it would rebound slightly, ticking back up to $14.57 on 14 March, but this was short lived as it began gradually sliding downward again, dropping below $9 by the end of May, and below $6 by the end of August.

Where can you buy Aptos tokens?

Aptos tokens can be bought on centralized exchanges (CEX), operational procedures vary among different exchanges, however, there are a general guidelines to keep in mind when buying Aptos tokens:

1. Registration: You could start by registering an account on the official website or mobile app of the respective centralized exchange. Some CEX platforms, such as Binance, may offer a streamlined one-step registration process that allows you to sign up directly with your social media account, should they support this feature.
2. Identity Verification and Account Security: Complete the identity verification process as required by the CEX.
3. Acquiring cryptocurrency: To purchase Aptos (APT), you will need to obtain cryptocurrency such as Tether (USDT), Ethereum (ETH), or Binance (BNB). This can be accomplished by using the CEX’s over the counter (OTC) trading service, or exploring alternative financial service platforms like Paypal or Robinhood (available for US residents) to fund your account via bank transfers or credit card transactions. Once you’ve done this you can transfer these assets to the CEX that supports Aptos (APT) trading in the spot market. If the CEX you are using facilitates both fiat purchases and APT trading pairs, such as APT/USDT or APT/ETH.
4. APT purchase: With your cryptocurrency assets in place, proceed to acquire Aptos within the spot market.

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