Aptos Foundation Airdrops 20 Million APT Tokens to Early Testnet Participants

Aptos announced a retroactive token airdrop for early testnet users, awarding nearly 110,000 addresses with a total of 20 million APT tokens.

The Aptos Foundation conducted a retroactive token airdrop overnight to reward early network participants.

The foundation allocated 20.1 million APT tokens as an airdrop late Tuesday ET, representing 2% of its initial total supply of 1 billion APT, according to an announcement on Twitter. These tokens had a value of $200 million to $260 million based on the token’s market price shortly after the airdrop opened.

A total 110,235 crypto addresses on Aptos were eligible to receive the airdrop across two categories. This first category included users that finished applying to the Aptos incentivized testnet and these users can claim 300 APT tokens. The second eligible category consists of users rewarded 150 APT tokens for minting an Aptos Zero NFT on the testnet.

Founded by former Meta employees, Aptos crypto raised $150 million in July. Aptos’s proof-of-stake (PoS) blockchain leverages the Move smart contract programming language and claims to offer high performance. The network is secured by 102 block validators and its genesis transaction took place on Oct. 12. Prior to the release of the mainnet, the network underwent a rigorous incentivized test network program, which included three separate phases, beginning in May.

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