Aptos Foundation airdrops 20M tokens to its early testnet users
Layer-1 blockchain company Aptos Foundation announced on Oct 18 that it had rewarded its early network participants with free APT tokens.
1/ The Aptos Foundation has provided early network participants with APT tokens. If you are eligible to claim, you will receive an email from [email protected] in the next few hours.
The foundation shared that it had allocated an estimated 20 million APT tokens, representing 2% of its initial total supply of 1 billion APT, to about 110,235 eligible participants. The airdropped tokens had an estimated value of about $200–$260 million USD based on the token's market price at the time the drop took place.
According to the blockchain company, eligibility for the airdropped tokens was based on two categories: “Users who completed an application for an Aptos Incentivized Testnet” and users who minted “an APTOS: ZERO testnet NFT.” Only the original minters of these NFTs were eligible, not the current or secondary owners of the NFTs.
The company shared that Aptos tokens could only be claimed via the official Aptos Community page with additional information provided in the eligibility email sent out by the company. They cautioned users to exercise extreme caution and only trust official sources and channels to avoid being defrauded.
Aptos Foundation’s first airdrop to its community members comes at a time when the project has been under much scrutiny by members of the crypto community on Twitter.
Related: Court partially denies Aptos Labs’ motion to dismiss Glazer’s $1 billion lawsuit
Solana Blockchain developer Paul Fidika, who had allegedly worked on Aptos staking, claimed in a series of tweets that the project had “Dodgey tokenomics” and “Fake POS."
1. Dodgey tokenomics. The FTX /
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