After a launch of its mainnet, followed at 3 a.m. French time by its native APT token, the project apts punctuated the night of part of the crypto community. And if some were able to seize and take advantage of a great opportunity to take advantage of a generous $APT token airdrop, others could start the day in a very bad mood.
Aptos, aptos have crypto service
It is an understatement to say that the project apts was eagerly awaited, even feverishly, by a large part of the crypto industry.
Presented as the future of blockchain networks known as L1 (“Layer 1”, i.e. infrastructure networks as can be Ethereum or Solana), Aptos has indeed, all – On paper – of the ideal project.
We were talking about it in detail yesterday. From its dream team (former members of Novi, the aborted Facebook project that has become Meta), a panel of prestigious VC investors, fundraising amounting to hundreds of millions of dollars… Aptos was well born, and it shows .
But what particularly focused attention on Aptos was one of the industry’s worst-kept secrets: an airdrop – expected therefore – intended to reward early users, and more specifically those who had participated in testing the network and its robustness in recent months.
Aptos: Airdrop me if you can
All those who met the eligibility criteria received an email yesterday confirming the amount of APT tokens allocated, according to their level of investment in the testnet.
It was thus 150, even 300 $APT that awaited the valiant pioneers. The APTOS project having required 4 years of testing and work, the listing of the APT token was also organized and anticipated around 3am, French time. The main crypto platforms such as Bybit, Binance or even FTX were thus ready to open hostilities, to the delight of night traders.
First concern encountered by the lucky recipients of the APT airdrop: the need to cover the gas costs of the withdrawal to have APT tokens. And there, you immediately perceive the crux (no pun intended) of the problem: lack of APT token, impossible to unlock the airdrop… in ATP. The egg, the chicken, in short the usual joys of the crypto industry.
Fortunately, a spontaneous community support network was not long in being put in place, the lucky holders of APT by transferring a few fractions to their comrades in misfortune, under the guise of rapid returns of the funds (a moral contract which will know some notable failures, but it is a other subject).
$15,000 at the end of the night
Finally, from the moment of the listing, many were ready to trade their APTs against stablecoins or other crypto assets.
And, it must be recognized that some snipers were extremely effective in taking advantage of the gigantic green candles that lit up the first moments of the listing, on Binance in particular. The APT token thus experienced wicks amounting to $100. And, if these were almost uncatchable, some have however managed to convert their Aptos airdrop into $15,000 of stablecoins, a superb somersault for a distribution initially free and accessible to all.
Beyond these heroic facts, a large part of the one-night standers managed to exchange their 150 or 300 tokens for values between $10 and $12, earning a few thousand dollars in the process, with only a few dark circles in return. and a slightly pasty voice upon waking.
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Aptos price unscrews
Sellers in shambles, few buyers opposite, the course of events was free of surprises. The APT token is thus quite logically down by almost 50%, 4 hours after its listing.
Ransom of success, some will say, unbearable drifts embodying the delirious whiffs of a sector often built more on hype than on concrete, others will say. For now, we’ll just congratulate those who managed to get some benefits from this beautiful Aptos airdrop!
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