Network upgrade and “more clarity” about token distribution are planned by Aptos
Join Our Telegram channel to stay up to date on breaking news coverage The proverb about building in a down market for cryptocurrencies has in many respects been true for Aptos. It diverted attention away from the blockchain’s tokenomics, which came under fire for being announced the day after its mainnet launch in October. Twitter users frequently argued that Aptos should have released information about the distribution of its native APT coin sooner after obtaining $350 million at a valuation of more than $4 billion. The Aptos Foundation is now contemplating a network upgrade and reviewing its token omics with the aim of giving greater transparency following months of holding hackathons and establishing partnerships. The CEO of Aptos, Mo Shaikh, said in an interview with Decrypt that the company would “give a little more clarity and more information behind the concepts, and how we came to the choice that we took.” But a lot of it ultimately comes down to co...