Aptos Network is a new blockchain project that aims to solve the problems of centralized digital assets. The Aptos team believes it will become one of the leading crypto platforms in the world. 

So, let’s find out if they will succeed?

General about the project 

Aptos Network is a first-level Proof-of-Stake (PoS) blockchain project that utilizes a new smart contract programming language called Move, developed by blockchain engineers Diem Meta (formerly Facebook). 

The Aptos Network team is very ambitious in stating that they will be the ones to innovate on the blockchain, which will contribute to the active development of the entire cryptocurrency sector. 

The Aptos blockchain can achieve a theoretical transaction throughput of over 160,000 transactions per second (TPS).

The main purpose of Aptos’ creation and existence is to create a large ecosystem around itself. So that the blockchain is used, so that it is popular and needed. 

Aptos initially positions itself not as a separate product, but as an ecosystem, as a huge crypto-family with a bunch of projects that will be integrated into them. 

The blockchain project’s core principles are scalability, reliability, security, updatability and decentralization of digital assets. It aims to revolutionize Tier 1 blockchains with innovative ideas in consensus mechanisms, performance optimization and smart contract development.

The technical features are exactly what makes this blockchain unique. It is the technical part that is emphasized by the project team. It is also what marketers most often refer to when identifying its main advantages in their advertising campaigns. 

Let’s see if their language and technology is as good as they say it is? 

Move programming language and other technical features

The main factor why Move’s language is cool is that it’s their own language. 

How does that make a difference?

It’s easier for them to make changes to the blockchain. They can create the functionality of their tools themselves. So they are only limited by their own imagination and other more fundamental factors such as computing power. Otherwise, a proprietary programming language gives much more freedom. 

By the way, Aptos mining is absent as a feature and was never part of the way the consensus mechanism was created. That is, Aptos cryptocurrency was not intended to be mined like Bitocoin from the very beginning.

But their consensus mechanism is based on Block-STM technology, which is a mechanism for parallel execution of smart contracts. BFT consensus protocol is able to complete transactions with accuracy to the second, as well as to determine active/inactive validators without human intervention.

We could go on for a long time describing to you the algorithms of their systems, naming their complex modular pieces of code, describing how their systеm works, but it would take a long time, and the point remains the same – Move, one of the fastest, most flexible and coolest languages in blockchain programming at the moment. 

According to the Aptos team, it’s the technical factors that are essential to creating a good, reliable, working ecosystem. Because creating an ecosystem, revolutionizing the world of WEB2 and WEB3 is their ultimate goal. 

So what about their ecosystem now?

Ecosystem

Ecosystem they have, although at first glance and large, but it does not do them any good. Because there are no big projects here that would bring the project tangible profit and popularity. 

And many projects started to appear in their ecosystem just when Aptos was at the peak of its popularity. Amidst this general positivity, some pretty frivolous one-day projects started to appear, either doing their NFT collection, or launching a game, or doing other projects that were not too difficult to implement, just to make money while the blockchain was being talked about. 

Now I think it’s hard to remember any blockchain project from the Aptos ecosystem. Because many of them either lost their popularity or got bored and closed down. 

But that doesn’t mean that all projects are like that. There are really good projects with a great and cool idea, which are still developing and will show a good result in the future. It’s just that so far there are only a few such projects, but they are there. 

This is because the blockchain project is young and it takes time for the ecosystem to grow. Therefore, it is difficult to judge whether Aptos has succeeded in becoming the number 1 ecosystem project. It takes time for that to happen. 

So let’s hold our fists for them and move on with our journey through the world of Aptos. 

Where to store Aptos? 

At the moment, there is no official main Aptos wallet. Therefore, the storage of Aptos cryptocurrency is done on ecosystem wallets. The most popular Aptos wallet right now is Martian Wallet, it allows you to send Aptos token to steaknig and perform many other operations with Aptos coins. 

Now let’s go further and talk about the project team.

Aptos Network team

Who makes such a technological and breakthrough project of the cryptocurrency world?

The blockchain project was created by two charismatic developers – Mo Sheikh (President and CEO) and Avery Ching (CTO, who also previously worked at Yahoo).

They became famous because they once worked on Mark Zuckerberg’s promising project called Diem. 

But then for various reasons this project was completely frozen and closed. However, a team had already been formed, and a programming language called Move had been created. This is what the guys from Mo Sheikh’s team used to build the Aptos project.

They also picked up some other developments from their last job, which, as we can see, made their lives a lot easier and led to some good results.

Essentially they saved a ton of money and time, which can be called a sort of lucky ticket for developers. 

Also, they already had a name and reputation, which made it easier for them to attract investment in the project. 

Speaking of investment. What do you think will happen if you combine a ready-made cool technology, experienced guys with a good reputation, a lot of ready-made developments, a staff of experienced programmers and a promising idea with competent marketing?

The answer is: a lot of money, a lot of money.

Investments

From what we know, the blockchain project has raised a total of $350 million dollars. This amount is almost a record for crypto project investments.  

The investors included the same funds that invested in Ethereum in 2014 and made 5500 Xs on it. 

A large number of different big name investors in the crypto world were brought in, which also gave the project a big boost, because if the cool funds see prospects in this project, why won’t the average crypto vasska see them? 

So having such a large and quality investment has brought even more audience to Aptos. 

Marketing strategy 

One of the main reasons for the popularity of Aptos was a sound marketing strategy. 

This is why it was so highly anticipated even before its official launch. 

Plus, they did a lot of outreach to ambassadors and noders, inviting independents to run an Aptos node, or participate in PR support, for which users were rewarded with Aptos coins. 

They were very generous in rewarding early users of their ecosystem. 

For example, they gave 150 Aptos coins for a simple min nft, 300 tokens for completing a node application and so you could get a total of 450 tokens per account very easily. If you sold those tokens for $15 and the price went as high as $18, you could get more than $6500 on a single account. 

Not bad as for two simple actions, right? 

Aside from the generous retrodrop giveaway, Aptos didn’t skimp before and they don’t skimp now when giving out grant support. They’ve been so successful in launching developer grant support that they’ve made their project one of the largest on GitHub among other crypto projects. 

They also reward NFT artists, developers of DeFi or other apps in the ecosystem. Reward developers and those who find bugs in the code, those who contribute to the community and many more many aspects for which Aptos gives and has given nice incentives to its users.

This generosity motivates the users themselves to improve the project, which in turn makes it even better.

It should also be remembered that the users of the ecosystem of this project have a voice and can determine some decisions in the protocol, which further unites the audience, motivating them to communicate more, make joint decisions and further unify the project.

And that’s not all aspects in how Aptos is making its audience more cohesive. What’s more interesting is that they also do offline meetups, various conferences and other events.

Also, what we really liked is their forum on the main website. There are a lot of tutorials there that allow you to dive deeper into cryptocurrency, into DeFi, into the principles of how it works. Communicate on their forum, comment on articles, and the audience is quite active. 

Therefore, you can safely use the Aptos forum as another source of useful information.

Another project of this level has a rather detailed WhitePaper, documents with their goals, the principle of work, details of the internal structure, a special technical explanation for developers and other miscellaneous documents. It’s all there and done at the highest level, which adds some more points to the project’s karma.

To summarize their marketing principles and fundamentals, we can say that they really care about their audience, encourage them with awards and other perks like grants. They make the stay in social networks interesting, develop the community in all possible ways and it is obvious that it works.

Therefore, the marketing strategy of their project can be rated a solid five!

Tokenomics

Now let’s talk about what will be for sure the most important for you and me. The opportunity to earn. Because we can no longer get the drop, but we can earn on Aptos by investment method. 

To navigate in this matter and understand the objectivity of this way of earning, it is worth considering carefully their tokenomics. 

So, the main network was launched on October 12, 2022. The initial total volume of Aptos tokens (APT) in the core network was 1 billion tokens.

Aptos Community and Foundation

This token pool is for ecosystem related elements such as grants, incentives and other community development initiatives. 

Some of these tokens have already been allocated to projects based on the Aptos protocol and will be made available once certain milestones are completed. 

The majority of these tokens (410,217,359,767) are owned by the Aptos Foundation and a smaller portion (100,000,000) is owned by Aptos Labs. 

These tokens are expected to be distributed within ten years:

Principal contributors and investors

All investors and current core contributors are subject to a four-year lockup schedule, with the exception of staking rewards

Token Unlocking Schedule

If you look at the schedule, you can clearly see that the major major major unlocks begin in early 2024. It is by this period that it will be easier for the token price to show high price points, as there will be quite few tokens in circulation. 

Price expectations

The Aptos to dollar exchange rate is currently $4.96. Right now, the Aptos coin is dragging behind the entire market and is very highly correlated with BTC. But let’s not forget that these guys have given away only 2% of the 50% of coins allocated to the community, which means that at a convenient moment, they will reignite interest in their project. But it most likely won’t be soon.

When making the Aptos prediction, many say that the price of Aptos will sag heavily right after the start of the unlockings planned for November. But if we take the available information about the cracking of coins, it becomes clear that new coins will come to the market in small quantities and they are unlikely to be sold by big players, and therefore, you can do whatever you want with the price. Large funds are likely to wait for a good moment, just like last time, and then start inflating the price of the token to new highs, as it was at the beginning of the year. 

So if this idea is in the future, then the current price of 5-6$ looks very attractive for 1-2 years.

In the short term, we would not advise making any major moves on this coin as the market is uncertain and any news can seriously pull the charts in the appropriate direction. It is best to take your time and look for the best entry points by gradually buying this token using a premeditated strategy. 

Conclusions

Summarizing, we would like to answer the main question of our article once again: 

What is Aptos and is it necessary to buy it?

Aptos is: 

– Though not unique, but quite a noble idea, the main goal: to create a single, cohesive WEB3 world.

– A technology that can rightly be called revolutionary in the blockchain world, thanks to the Move language and record transaction speeds. 

– A team that came from a high tech WEB2 background and knows what they are doing

– High level marketing that has worked just fine and has shown good results

– Excellent audience outreach, retention and keeping them interested.

– Lots of money that has come in from investors 

– Good tokenomics, which is designed for the interests of the community and investors. 

– Few real competitors

Yes, of course, as mentioned earlier, they are far from developing transaction speeds to 160,000 TPS and are only at the sub-50,000 TPS level for now. 

But at least the fact that this is possible, unlike other blockchains, and gives Aptos` advantage over other projects – the prospect acts as a strong growth motivator in this situation.

Should you buy it?

– No one can give you a concrete answer to this question and make an infallible prediction, it is almost impossible.

– But still, there are much more reasons for the growth of this project’s token than reasons for its fall, at least from a fundamental point of view. This project is one of the top investment solutions at the moment, in our purely subjective opinion. The final decision is up to each of you.

Well, we hope that this article helped to bring your final decision closer to acceptance, helped you make some conclusions, decide on further actions and maybe you were just interested. 

We wish you all the best and see you soon!