Since 1955 Guinness World Records (GWR) has published a reference book annually that covers world records from extreme natural events to human achievements. This year, Bitcoin has entered the fray as the world’s first and most valuable cryptocurrency network as GWR has added the subject to this year’s annual records. Satoshi Nakamoto’s Bitcoin Enters the […]
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After rejecting a proposal to ban crypto mining, the EU is looking at disclosure and mitigation measures to make crypto assets more sustainable in the coming years.
Building a crypto mining rig involves a lot of different parts — here’s how to get started.
Since the cryptocurrency launched ethereumpow (ETHW) has seen spot market prices decline by close to 12% during the last seven days. Despite the fact that during the last two weeks ETHW has shed 35% in USD value, the network’s token economy and decentralized finance (defi) ecosystem has swelled. ETHW Spot Market Prices Slide, While the […]
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But in all fairness, I felt it only equal to ask the question in this ethereum trader SubReddit. Long story short, I was debating between buying one whole ethereum token, or investing that money into buying more Quant. At this time there was some information I was not privy too: such as that ethereum is…
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Aptos (APT) has been making the rounds in the crypto spaces on social media for more than two months now. This new network caught the attention of many as the team’s vision for the network was praised. On Monday, October 17th, the project announced that its mainnet had finally arrived ahead of listings on exchanges. However, what would usually be a cause for celebration has drawn doubts from in the community. The Aptos Tokenomics At the start of the week, a good number of centralized exchanges had announced that they would be listing the Aptos (APT) token for trading. These included the largest crypto exchanges such as Binance, FTX, and Coinbase, all of which have already released reports regarding their listing of the token. Naturally, supporters of the project are in full support of the listings but some have begun to question Aptos Labs’ choices especially when it comes to the APT token. Related Reading: What Zombiechain? Cardano Tops Blockchains In Active Developer Counts The first thing that was called out by the community was the fact that the team was yet to release the tokenomics for the project even though they had already secured exchange listings. This was pointed out by Twitter users Cobie and MacnBTC who lamented the lack of transparency from the Aptos team. However, soon after, pictures of tokenomics from Upbit regarding the digital asset has begun to circulate on Twitter. This gave investors an insight into how the distribution of the APT token was being carried out before the team had released an official tokenomics. Community Not Convinced The official Aptos tokenomics that was launched showed identical information to the one already available on the upbeat crypto exchange. Of the 1 billion token supply that was announced, 190 million (19%) was going to core contributors. The Foundation would get 165 million (16.5%) and investors were getting 134,782,460.233 tokens (13.48%). The remaining 51% of the supply was reserved for the community. This community allocation had, however, still drawn more questions from the community. Given that Aptos was not doing an airdrop and there was no way to initially get tokens before exchange listings, some have questioned how the community was supposed to actually get these tokens. Related Reading: Whales Across These Five Chains Are Heavy On Stablecoins, Should You Be Too? Others have also taken to criticizing the network as it is apparently not performing as promised. Aptos has previously stated that it would process transactions at a speed of 100,000 TPS but this tweet alleges that the network is currently only doing 4 transactions per second. Presently, participants in the space are waiting for trading to go live on various exchanges on Wednesday. But some have already begun referring to the digital asset as a pump and dump scheme given the tokenomics. Featured image from Altcoin Buzz, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
