1 year ago
Against the wishes of the Aptos team, Binance volition database an APT perpetual declaration merchandise connected Oct. 19, with up to 25x leverage, according to Wu Blockchain.
OKX joined Binance with a akin merchandise offering going unrecorded connected the aforesaid date. Perpetual contracts alteration some longs and shorts.
Following its caller debut, the arguable Aptos task has been slammed for its underwhelming scalability performance and mediocre tokenomics transparency.
It's not large that FTX/Binance etc are each listing Aptos without immoderate tokenomics transparency astatine all. Surely it should beryllium a prerequisite to listing thing that users tin person the basal accusation connected what they're buying lol
— Cobie (@cobie) October 18, 2022
What’s more, immoderate person labeled it a “Diem offshoot,” fixed its co-founder and CEO, Mo Shaikh, worked connected the doomed Meta project, which closed down earlier this year.
In March, Aptos secured $200 million successful a backing circular led by a16z, with Tiger Global, Katie Haun, Multicoin Capital, FTX Ventures, Coinbase Ventures, Binance Labs, and PayPal Ventures joining. This circular acceptable the company’s valuation astatine $2 billion.
Some successful the crypto assemblage foretell Aptos volition spell the mode of different VC-backed projects that person had insider backstage pre-sales – which is down. The astir pertinent illustration of this successful caller times is Internet Computer.
What happened to Internet Computer (ICP)?
In May 2021, Swiss-based The DFINITY Foundation launched Internet Computer (ICP,) which stormed up the marketplace headdress rankings to spot fourth conscionable 4 days aft its release.
Despite its abrupt and impactful debut, the task had been successful the works since 2016. At its peak, ICP was priced astatine $700 with an $18.5 cardinal marketplace cap.
The platform’s extremity was to widen net functionality by doing distant with centralized servers and accepted unreality services. Instead, apps would tally with nary fixed code via its blockchain infrastructure of autarkic information centers.
The task was backed by ample VC firms, including Polychain Capital, Andreessen Horowitz (a16z,) CoinFund, Multicoin Capital, and Greycroft Partners.
A backstage merchantability conducted successful August 2018 netted $97 cardinal astatine $4 per ICP token, accounting for conscionable nether 5% of the archetypal supply.
Following its highest successful May 2021, a crisp sell-off ensued, presumably arsenic insiders offloaded their cheaply acquired tokens. ICP is presently priced astatine $4.94, a 99.3% drawdown from all-time highs.
Source: ICPUSD connected CoinGecko.comCrypto assemblage predicts Aptos volition spell the aforesaid way
The archetypal token proviso of Aptos tokens connected motorboat came successful astatine 1 billion, of which 190 cardinal were distributed to halfway developers, the Aptos Foundation, and backstage investors.
Aptos stated that backstage investors and existent halfway contributors clasp tokens successful a four-year lock-in period. This stipulation would forestall insiders from dumping their tokens for a speedy profit.
Nonetheless, immoderate inactive expect the APT terms to descend successful a akin manner to ICP, with galore social media comments notifying of intentions to short.
The station Internet Computer 2.0 expected arsenic Aptos detractors relish Binance futures listing appeared archetypal connected CryptoSlate.
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