What is APT

1. Project Introduction
Aptos is a Layer 1 blockchain designed for scalability, security, reliability, and upgradability. It integrates the Move language for secure, high-speed transaction processing and supports flexible key management and hybrid custody options. To achieve high throughput and low latency, Aptos uses a pipelined and modular approach during critical transaction processing stages. The modular architecture enables flexible client implementation, allowing Aptos to support complex atomic transactions effectively.
Summary: Aptos provides Web3 infrastructure with enhanced scalability, security, reliability, and usability, supporting diverse user needs.
2. Team & Investment Info
Team:
Founded by former Diem team members:
Mo Shaikh: Co-founder and CEO, formerly Director of Strategy at ConsenSys, with experience at Meta, The Boston Consulting Group, and BlackRock.
Avery Ching: Co-founder and CTO, former Senior Software Engineer at Meta for over ten years.
Funding:
July 2022: $150 million funding led by FTX Ventures and Jump Crypto, with participation from Griffin Gaming Partners, Franklin Templeton, Circle Ventures, Superscrypt, a16z crypto, and Multicoin Capital.
March 2022: $200 million strategic funding led by a16z, with backing from Tiger Global, Katie Haun, Multicoin Capital, Three Arrows Capital, FTX Ventures, and Coinbase Ventures.
3. Social Media URLs
X: https://x.com/Aptos
Telegram: https://t.me/aptos
Discord: https://discord.com/invite/aptosnetwork
4. Token Info
Token Symbol: APT
Total Supply: 1,000,000,000
Token Type: Aptos
Issuance/Burn Mechanism: Inflationary model
Contract Address: https://explorer.aptoslabs.com/
Token Distribution:
Community: 51.02% (TGE unlock of 125,000,000 tokens)
Core Contributors: 19%
Foundation: 16.5% (TGE unlock of 5,000,000 tokens)
Investors: 13.48%
5. Related Links
Official Website: https://aptosfoundation.org/
LinkedIn: https://www.linkedin.com/company/aptos-foundation/
White Paper: https://aptosfoundation.org/whitepaper
Other Info: https://www.rootdata.com/Projects/detail/Aptos?k=Mjc5NQ%3D%3D