South Korean crypto exchange Upbit unexpectedly leaks Aptos (APT) tokenomics in its PDF report. According to a chart in the report, 51.02% of APT tokens are allocated to the community, 19% to core contributors, 16.50% to the foundation, and 13.48% to investors. Major crypto exchanges including Binance, FTX, Coinbase, Huobi, and OKX have already announced listing the Aptos (APT) token by Aptos Labs.
Upbit Report Accidentally Leaks Aptos (APT) Token Economics
A prominent crypto influencer Cobie raised concerns over several major exchanges listing the Aptos (APT) token without details on tokenomics. He claims exchanges must provide investors with basic information on crypto or tokens they are buying.
“It’s not great that FTX/Binance etc are all listing Aptos without any tokenomics transparency at all. Surely it should be a prerequisite to listing something that users can have the basic information on what they’re buying.”
Several Twitter users later revealed that South Korea’s top crypto exchange Upbit has accidentally leaked APT token economics in their report. Aptos Labs has kept the genesis token supply to 1 billion APT tokens. Moreover, the APT tokens will be allocated 51.02% to the community, 19% to core contributors, 16.50% to the foundation, and 13.48% to investors
After the leak, Aptos Labs in a tweet released brief information on the Aptos tokenomics. It cites an article consisting of details on the initial supply, distribution schedule, estimated token supply schedule, and expected token supply changes.
Crypto Exchange Listing Aptos (APT) Token
Several crypto exchanges including Binance, FTX, Coinbase, Huobi, and OKX announced listing the Aptos (APT) token by Aptos Labs. The APT token will be available for trading from Wednesday, October 19 at 1 AM UTC.
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