A mysterious new altcoin has recently been created on multiple chains, including ETH and BSC.
Unfortunately, the team behind the Aptos project did not receive the attention it expected following the launch of the Aptos (APT) token. Various concerns led to sales, which negatively affected the asset’s price. According to crypto data provider CoinGecko, the newly launched Aptos token (APT) has lost 40.5% in its first day of trading. The altcoin has lost more than a third of its value after it started trading at $13.73 and is currently trading at $8.06.
Koinfinans.com As we have reported, but it is worth noting: currently there are great differences between other data providers. CoinGecko competitor CoinMarketCap, for example, posted an intraday drop of 6.28%. The reason for the big difference is this: CoinMarketCap caught the first transaction at $8.55, which is about 40% lower than CoinGecko’s initial value. Nomics, on the other hand, recorded a price increase of over 100%.
Aptos Has Been The Target Of Criticism
The Aptos project has faced some criticism after its release. Chief among these were criticisms of the project’s token economy and transaction speed.
Aptos’ APT token was launched with a supply of 1 billion units. One of the main criticisms brought to the network was that there was uncertainty about how the 1 billion APT supply declared to users would be distributed very shortly before the crypto asset was traded on exchanges.
One of the popular crypto influencers who is the UpOnly podcast host @cobie Big crypto exchanges, including FTX and Binance, have Aptos to their 743,000 followers.with no token economy transparency” because they listed criticized.
However, the allocation of 51% to developers and venture capital investors in token distribution was another issue criticized by individual investors. In popular traders, Hsaka told 381,000 followers yesterday that the Aptos project is a profit-only project. told.
In addition, some users who participated in the testnet also reported that the promise of the airdrop was not fulfilled. In addition, despite the promised performance of 100 thousand TPS for the Aptos network, a low transaction speed performance after the launch was another negative development.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.