Before its launch yesterday, newcomer blockchain Aptos was touted as “the safest, most scalable layer-1 blockchain.” Many saw in it a potential “Solana killer,” but Monday’s kickoff was fraught with enough problems to turn even the most heedless investors off. Prior to launch, for example, the tokenomics behind the blockchain’s native Aptos (APT) token were essentially non-existent to the public. Tokenomics refers to how a crypto token will function within a given blockchain, how many tokens will be created over time, and how the tokens would be distributed. This ...
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