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What is Aptos (APT) coin and how does it work?

by Financial Economy

Aptos (APT) is a scalable Layer-1 blockchain network project. Founded by former Meta employees, Aptos aims to bring the ideas of decentralization and Web3 to wider audiences. Information about some topics that what is Aptos (APT) coin, how it works, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can check out here for information about Chiliz (CHZ) coin.

What is Aptos (APT) coin and how does it work?

This blockchain, designed in three years by Aptos Labs, consisting of more than 300 developers, offers new solutions in smart contracts and decentralized applications. While doing this, the principles that Aptos observes are scalability, security, reliability and upgradeability. Aptos, a Proof-of-Stake (PoS) blockchain, stands out as a very advantageous platform for decentralized application developers.

APT token is the native cryptocurrency of the Aptos blockchain network. On October 18, 2022, when the Aptos mainnet went into operation, 1 billion APT tokens were issued in the first place. The APT token, which is shown among the Web3 tokens, can be staked to become a network validator or used for network transaction fees.

Aptos token founders!

Aptos was founded by Avery Ching and Mo Shaik, who previously worked on Meta’s Diem blockchain project. Ching and Shaik have adapted the “parallel execution” technique to Aptos, which was originally created in the days of Diem and aims to speed up transactions on the network while keeping costs low. The Aptos mainnet was launched on October 18, 2022.

What does APT token do?

Aptos’ native cryptocurrency, APT token, can be used for staking and payment of transaction fees on the network.

Which exchange is APT coin on?

Aptos coinn is listed on some cryptocurrency exchanges such as Binance, BitMart, BTCEX, XT.COM, OKX, etc.

How to buy APT coins?

Aptos Token can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

APT coin supply!

Total supply of Aptos Token is APT.

APT coin price!

As of October 20, 2022, at the time of the writing, 1 Aptos Token price is around $7,42 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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