What is the circulating supply of APX (APX) coins?

The circulating supply of APX coins (74.87 million) comprises 74.87% of the total supply (1 billion), making them widely available for use in the Aptos ecosystem.

Dec 21, 2024 at 08:12 pm

Key Points:

• APX (APX) coins have a circulating supply of 74.87 million out of a maximum supply of 1 billion coins.
• The initial coin offering (ICO) of APX coins raised $4.2 million in 2018.
• APX coins are used to pay for goods and services on the Aptos blockchain.
• The price of APX coins has fluctuated significantly since its launch.
• Several factors, including the Aptos blockchain's growth and partnerships, can affect the circulating supply and price of APX coins.

Circulating Supply of APX (APX) Coins:

The circulating supply of APX (APX) coins is 74.87 million out of a maximum supply of 1 billion coins. This means that 74.87% of the total supply of APX coins is currently in circulation.

ICO and Funding:

The APX (APX) coin ICO was held in 2018 and raised $4.2 million. The ICO price of APX coins was $0.04 per coin.

Use Cases of APX Coins:

APX coins are used to pay for goods and services on the Aptos blockchain. This includes paying for transaction fees, staking APX coins to earn rewards, and participating in governance decisions.

Price Fluctuations:

The price of APX coins has fluctuated significantly since its launch. The price of APX coins reached an all-time high of $1.23 in September 2022. However, the price of APX coins has since declined and is currently trading at around $0.20.

Factors Affecting the Circulating Supply and Price of APX Coins:

Several factors can affect the circulating supply and price of APX coins:

• The growth of the Aptos blockchain: The growth of the Aptos blockchain can lead to increased demand for APX coins, which can increase the price of APX coins.
• Partnerships: Partnerships between Aptos and other companies can also increase the demand for APX coins and drive up the price.
• Token burns: Aptos may burn APX coins to reduce the circulating supply and increase the value of APX coins.
• Market sentiment: The overall market sentiment for cryptocurrencies can also affect the price of APX coins.

FAQs:

• What is the maximum supply of APX coins?

The maximum supply of APX coins is 1 billion coins.

• What is the circulating supply of APX coins?

The circulating supply of APX coins is 74.87 million coins.

• What is the use case of APX coins?

APX coins are used to pay for goods and services on the Aptos blockchain, including transaction fees, staking, and governance.

• What factors can affect the circulating supply and price of APX coins?

The growth of the Aptos blockchain, partnerships, token burns, and market sentiment can all impact the circulating supply and price of APX coins.