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Aptos, a new layer 1 cryptocurrency project, has distributed over 20 million APT tokens to the network’s initial users worth approximately $154 million at the time of writing.
The Aptos Foundation, the nonprofit behind the project, announced Airdrop via Twitter.
The Aptos Foundation has provided APT tokens to early network participants. If you are eligible for a claim, you will receive an email from airdrop@aptosfoundation.org within hours.
Users who have completed the application for the Aptos Incentivized Testnet/or/ created the APTOS:ZERO testnet NFT are eligible to claim Aptos tokens (the original user who created the NFT is eligible and not the current owner ).
In total, 20,076,150 APT tokens will be airdropped to 110,235 participants.
The Aptos network, which has been billed as a rival to both Ethereum and Solana, uses a programming language originally created for Diem, an abandoned crypto project from tech giant Meta. Aptos focuses on his Diem’s original goal of creating a super-fast and scalable blockchain.
At the time of writing, Aptos is recording 31 transactions per second (TPS), but co-founder Mo Shaikh Said That number will continue to grow as more projects are launched on it.
Shaikh also acknowledged that the launch could have been done better and that building a decentralized community from scratch was hard.
Aptos air drop Token support just one day after launch coin base, FTX, binance and other crypto exchanges.
Since launch, APT has fallen 43.7% and is trading at $7.70, giving it a market cap of just over $1 billion.
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Featured Image: Shutterstock/DrHitch
