Aptos Foundation Gives 20 Million Airdrop Tokens to Early Testnet Users

Aptos Foundation Layer-1 Blockchain Company announceOn Oct. 18, it rewarded its first network participants with a free APT token airdrop.

Aptos revealed that it has allocated approximately 20 million APT tokens, representing 2% of the total supply of 1 billion APT. It will be distributed to approximately 110,235 eligible participants, of which the airdrop tokens total value. Approximately $200–260 million based on the token’s market price at the time the giveaway takes place.

as the company said Eligibility for airdrop tokens depends on two things: “Users who complete an application for the Aptos Incentivized Testnet” and users who create “APTOS: ZERO testnet NFT”, with only those who mint those legacy NFTs. This is only eligible not the current or deputy owner of the said NFT.

Solana Blockchain developer Paul Fidika, who claims to be working on Aptos staking, posted in a series of tweets that the project has “suspicious tokenomics” and “Fake POS.”

Aptos was created by former employees Meta Mo Shaikh and Avery Ching, both involved in Mark Zuckerberg’s failed Diem blockchain project.

In July, Aptos closed a $150 million funding round led by FTX Ventures and Jump Crypto, with additional participation from Andreessen Horowitz, Apollo, Franklin Templeton and Circle Ventures.

refer : LINK

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