<a href="https://www.cryptoknowmics.com/news/supraoracles-goes-live-on-ethereum-polygon-aptos-and-four-other-l1-blockchain-testnets">Aptos Foundation</a> has carried out a historical token airdrop to honor early network users. According to a <a href="https://twitter.com/AptosFoundation/status/1582504536354136065">Tweet</a> by the foundation, 20.1 million APT tokens amounting to 2% of the foundation's inaugural 1 billion APT supply, were distributed through airdrops on Tuesday. Based on the token's market pricing soon after the airdrop started, these tokens had a worth of $200 million to $260 million.

https://twitter.com/AptosFoundation/status/1582504536354136065
<h2>Over 20 Mn APT Tokens Airdropped to 110k+ Participants</h2>
The airdrop was open to 110,235 different Aptos crypto addresses in two different categories. Users who completed their applications for the foundation's testnet with incentives fell into the first group and are eligible to get 300 APT tokens. Users who received 150 APT tokens for creating an Aptos Zero NFT on the testnet are included in the second qualifying group.

Aptos, a startup funded with $150 million in July, was founded by former <a href="https://www.cryptoknowmics.com/news/japanese-gaming-giant-konami-to-launch-web3-and-metaverse-initiative">Meta</a> workers. With the purpose of providing fast speed, the foundation's <a href="https://www.cryptoknowmics.com/news/boba-network-supports-proof-of-stake-network-avalanche">proof-of-stake</a> blockchain makes use of the Move smart contract programming language. The network's genesis transaction happened on October 12 and was protected by 102 block validators. The network underwent a thorough incentive-driven test network program starting in May that included three distinct phases before the mainnet rollout.
<h2>Aptos Labs Announced Launch of Mainnet Aptos Autumn</h2>
Yesterday, the <a href="https://www.cryptoknowmics.com/news/aptos-labs-officially-announces-launch-of-mainnet-aptos-autumn">Aptos Labs blockchain</a>, the first of the Facebook offshoot networks, launched its mainnet. The foundation was developed by the same people that attempted to launch the failed Diem stablecoin as Meta. Move, a programming language built on Rust and used to create the Aptos blockchain is an up-and-coming network developed by Mysten Labs.

Despite Labs' declaration that their network is "live," the ecosystem is still far from complete. The wallets, trading systems, and non-fungible token technologies required for <a href="https://www.cryptoknowmics.com/news/how-defi-staking-is-helping-companies-earn-additional-revenue">decentralized finance (DeFi)</a> still need to be implemented by dozens of firms.

Aptos Airdrops 20 Million Tokens to Initial Testnet Participants

Aptos, a startup founded by former Meta workers carried out a historical token airdrop to honor early network users last night.

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Aptos Airdrops 20 Million Tokens to Initial Testnet Participants

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