Aptos Foundation airdrops 20M tokens to its early testnet users

Layer 1 blockchain company, Aptos Foundation, announced connected Oct 18 that it had rewarded its aboriginal web participants with escaped APT tokens. 

1/ The Aptos Foundation has provided aboriginal web participants with APT tokens. If you are eligible to claim, you volition person an email from [email protected] successful the adjacent fewer hours.

— Aptos (@AptosFoundation) October 18, 2022

The instauration shared that it had allocated an estimated 20 cardinal APT tokens, representing 2% of its archetypal full proviso of 1 cardinal APT, to astir 110,235 eligible participants. The airdropped tokens had an estimated worth of astir $200-$260 cardinal USD based connected the token's marketplace terms astatine the clip the driblet took place.

According to the blockchain company, eligibility for the airdropped tokens was based connected 2 categories: “Users who completed an exertion for an Aptos Incentivized Testnet” and users who minted “an APTOS: ZERO testnet NFT”. Only the archetypal minters of these NFTs were eligible, not the existent oregon secondary owners of the NFTs.

The institution shared that Aptos tokens could lone beryllium claimed via the authoritative Aptos Community leafage with further accusation provided successful the eligibility email sent retired by the company. They cautioned users to workout utmost caution and lone spot authoritative sources and channels to debar being defrauded.

Aptos Foundation’s archetypal airdrop to its assemblage members comes astatine a clip erstwhile the task has been nether overmuch scrutiny by members of the crypto assemblage connected Twitter.

Related: Court partially denies Aptos Labs’ question to disregard Glazer’s $1 cardinal lawsuit

Solana Blockchain developer Paul Fidika, who had allegedly worked connected Aptos staking, claimed successful a bid of tweets that the task had “Dodgey tokenomics” and “Fake POS."

1. Dodgey tokenomics. The FTX / Coinbase / Binance tokens going connected merchantability time are already owned by the exchanges and are already staked (I think???) However these exchanges are selling arsenic if these tokens are being sold by the assemblage (which is impossible—there was nary ICO)

— Paul Fidika | OpenRails.dev (@PaulFidika) October 18, 2022

Aptos was created by erstwhile Meta employees Mo Shaikh and Avery Ching, who were progressive successful Mark Zuckerberg's failed Diem blockchain project. Diem coiled down ​​in February of this year, with Meta selling its intelligence spot and different assets.

In July, Aptos closed a $150 cardinal backing round co-led by task studios FTX Ventures and Jump Crypto, with further information from Andreessen Horowitz, Apollo, Franklin Templeton, and Circle Ventures. According to Bloomberg, the backing circular much than doubled the startup’s valuation, which was implicit $1 cardinal arsenic of March.