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What is the issue price of APT coins? Introduction to the issue price and issue quantity of APT coins
During its initial coin offering in October 2018, APT coins were issued at an issue price of $0.04 per coin.
Oct 03, 2024 at 04:12 pm
What is the Issue Price of APT Coins?
1. Issue Price of APT Coins
APT coins were issued at a price of $0.04 per coin during the initial coin offering (ICO) held in October 2018.
2. Issue Quantity of APT Coins
A total of 100 million APT coins were issued during the ICO, representing 20% of the total supply of 500 million APT coins.
3. Tokenomics of APT Coins
- Symbol: APT
- Total Supply: 500 million APT
- Circulating Supply: 100 million APT
Distribution:
- ICO: 20% (100 million APT)
- Team and Advisors: 10% (50 million APT)
- Marketing and Ecosystem Development: 10% (50 million APT)
- Future Token Sales and Community Initiatives: 60% (300 million APT)
4. Use Cases of APT Coins
APT coins are the native currency of the Aptos blockchain, a Layer 1 blockchain known for its speed and low transaction fees. APT coins are used for:
- Gas Fees: Paying for transactions and smart contract execution on the Aptos blockchain.
- Staking: Securing the network and participating in governance.
- Governance: Voting on proposals and making decisions regarding the future of the Aptos blockchain.
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