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What is APT coin? Introduction to the issue price, total amount and white paper of APT coins

The Aptos white paper outlines technical details, such as the Move programming language and consensus protocol, demonstrating Aptos' commitment to scalability, low fees, and smart contract development.

Oct 09, 2024 at 11:35 am

Understanding APT Coin: Issue Price, Total Amount, and White Paper

1. What is APT Coin?

The Aptos Coin (APT) is a cryptocurrency that powers the Aptos blockchain, a proof-of-stake (PoS) blockchain designed for scalability and low transaction fees. It was launched in October 2022 by Aptos Labs, a company founded by former Meta employees.

2. Issue Price

The initial issue price of APT coin was approximately $10.02 during its initial coin offering (ICO) on October 17, 2022.

3. Total Amount

The total supply of APT coins is capped at 1 billion tokens. This means that there will never be more than 1 billion APT coins in circulation.

4. White Paper

The Aptos white paper, titled "Aptos: A Proof-of-Stake Blockchain for Scalability," provides technical details about the blockchain and its features. It covers topics such as:

The Move programming language
The consensus protocol
The block structure
Transaction processing

5. Key Highlights from the White Paper

Scalability: Aptos aims to achieve high transaction throughput by using parallel execution and a novel data structure called the Block-STM.
Low Fees: Transaction fees on Aptos are expected to be significantly lower than on other blockchains.
Security: The PoS consensus protocol provides strong security and reduces the risk of malicious actors attacking the blockchain.
Smart Contracts: Aptos supports the development of smart contracts using its Move programming language, which is designed for safety and ease of use.
Future Plans: The Aptos team plans to continue developing the blockchain and its ecosystem, including building bridges to other blockchains and supporting decentralized applications.

By understanding these key aspects of APT coin, you can gain a better understanding of the Aptos blockchain and its potential for growth and adoption.

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