Understanding Aptos Blockchain and Token: A Comprehensive Overview

hi everyone uh today we're going to be talking about uh Aptos blockchain and Aptos token by now you would have seen

Aptos token in all the exchanges I posted a Tamil video about it yesterday before it got launched and before the

mainland got launched in fact I've been posting about it uh even when the test net was in progress and as usual

disclaimer and warning I'm not a financial advisor or investment expert all my videos are just to share my

learnings alone please do your own research and buy your tokens based on your own research and never ever send

your money to people who call themselves as professional Brokers or investment devices most of them have frauds it's

your money you invest it I keep repeating it because there's a lot of people who get targeted by comments and

emails and and they fall for it and they send their money on crypto to other people for investing and they lose all

their tokens and I'm publicly active on Twitter at the red Chennai to London is my handle not just me but if you're on

Twitter you'll probably get the information the fastest so I'll use my Twitter uh thread that I had posted as

the basis to cover what is Aptoide so by now you would have heard about apples or seen it in probably all major exchanges

so when I posted the video yesterday it was about to be launched in binance and it's a long awaited L1 blockchain first

of all it's a new blockchain it's a new L1 blockchain um and they launched their mainnet uh

recently and in the last week and they have been they're gonna they are flooding the market with a new token

called as Aptos or apt is a token ticker and finance had launched it first and subsequently everybody else has followed

so what is special about this blockchain why is there so much noise about the blockchain so few months back there was

a a new blockchain that Facebook was developing meta was developing called as the DM blockchain previously called as

Libra and it was dropped from the plan after months of development a lot of development effort had gone into this

this blockchain or it was actually a stable coin that they were trying to create called the brand it it got

dropped by Facebook and uh soon after the the news came on that it is getting dropped by Facebook officially the

coding team the team that was actually behind the project they branched off they came out of Facebook they branched

off and they created a new project called Aptos based on all the work that Facebook had done for the DM blockchain

that's how the the origination of Aptos dotted so it's been in development for a few years I should say even though

officially it was kicked off only earlier this year and what is special about Aptos most of the L1 blockchains

even L2 blockchains for that matter the programming languages that are used uh in in blockchain development mostly is

either solidity or Python and there are some which are created in Rust and go on there are some main programming

languages uh a few exceptions are there like Cosmos SDK which is which created its own programming language but Aptos

and DM they created an entirely new programming language called move and it was also not evm compatible and they

even published a brand new white paper about the move programming language as such and it came with its own nuances

and it was bold because most uh blockchains that are created today are made evm compatible so that they can

they can execute the evm code so blockchain are two types right one is a blockchain which cannot run a code do

not run a smart contract like Bitcoin and other ethereum like blockchain which can run a smart contract which is cause

the D5 Revolution which we've been covering in our Channel quite regularly and so

um Aptos as such was backed heavily by Venture capitalism prob probably one of the most

invested project in recent Times by venture capitalist was Applause so before even binance came in there was

already about 200 million dollars of funding and eventually reached about 350 million dollars plus funding and if you

compare it to like you know shardium's first venture capital investment was 18 million dollars and even some of the the

most talked about Solana on Avalanche they all had like less than 100 million dollars in terms of the venture capital

investment so 350 million dollars was quite huge substantial investment that was done during the test net itself and

it probably had one of the most active test net development uh in recent days you know compared to some of the other

blockchains the the amount of development support that the Aptos had was probably much much higher in

comparison to projects like Avalanche polygon and so many other ones and they created something very unique

even though there are there were other chains which created the concepts like energy chain which incentivize the uh

the testing of test Nets they actually created a proper incentivized test net which was a promise for the users who

actually log into their blockchain or who use their blockchain and use their you know test net ecosystems that they

will get an air drop once the um the the mainnet got launched and once Aptos token gets listed that they will be

getting a a free air drop so this this created a lot of hype and there were thousands and thousands of users almost

200 000 plus users on their test net and there was a huge expectation for the main net launch because there was an

incentive for them when the mainnet gets launched that they are going to get free Aptos tokens so this was again

um you know it achieved two purposes one they had mass mass testing done and they had a large ecosystem that was being

supported by this testing and also incentivized uh testing so there are about like you know already before even

the main net launched during the test net phase itself there are like 100 plus projects that got lined up in from right

from you know decentralized exchange to nft to gaming uh you name it there is probably a blockchain project that has

been written for Aptos in the test net and this is a phenomenal achievement because it's not even compatible because

in most of the other blockchains because they are evm compatible you can probably you know reuse some components or reuse

some some of the code but it's an entirely different coding platform with move and that means that it had to be

written from scratch and it cannot be just forked from an existing project like you know most decentralization is

just four from uni swap or four from an existing decentralized exchange and they can easily launch it so this is a brief

overview of the ecosystem so as you can see um just this is not an exhaustive list

but just a brief overview of the ecosystem and if I put an ecosystem map like this for uh for a for a blockchain

that is already live like Kronos for example it would probably be comparable to a blockchain that has already been

live for more than a year and if you look at the decentralized wallets because Aptos is not evm compatible it

won't work on metamask so if you look at the number of decentralized wallets alone there are probably about 14 plus

wallets 14 different wallets that have been created that tells you the volume of effort that has gone into blockchain

development so from a blockchain and crypto perspective any new innovation that is

backed by a competent group you know it it always brings something new and mass adoption is something that will only

come when you know you make it more and more simple like for example iPhone even though there was so much of smartphone

Concepts that were there before like with Nokia and with the Blackberry and everything iPhone was probably the

concept that brought smartphone to the end users much much uh easier than the other ecosystems before it so that was a

Innovation so we are still waiting for an innovation like this and Aptos is promising somewhere around 160 000

transactions per second TPS and compared to the other blockchains like you know ethereum 1.0

obviously ethereum is promising more TPS after the merge but if you compare it with the other blockchains that are in

existence this is significantly higher in terms of the execution speed in terms of the TPS that Aptos is promising and

and the the sustainability and the reliability that they're promising it's all promises right now it's all in white

papers but it looks like a a blockchain that has been built from scratch and that has been built with all the

problems in mind which means that uh if they can meet these these expectations if they can meet these promises this

could be a significant entry into the world of blockchains it could be a significant new L1 blockchain and as we

have seen already you know the the ecosystem is thriving even on the test net States and it is going to get

adopted by all the major blockchain exchanges all the major crypto exchange because they're all venture capitalists

who have invested in in Aptos so let us look at the tokenomics and the price right so when I posted it was more of a

prediction by now you would see the actual price of the token itself but from a comparison perspective there are

about 1 billion apt tokens not everything is getting released there is a cliff that is that is happening which

means that only a portion of it is getting released to start but just for comparison

if you take 100 billion tokens which xrp has at 47 cents then the X up is fully diluted market value is about 47 billion

dollars so if you compare except which is like one of the top 10 cryptocurrency L1 blockchains

um it's then apt will probably be around 47 48 dollars but if you compare something like a Solana which is a

comparable L1 blockchain which is at thirty dollars and 330 million dollar circulating Supply circulating Supply

which is uh having a fully diluted value of for 10 billion dollars a comparable value would be probably about ten

dollars or lesser for apt for 1 billion tokens again ah there is a lot that is going to go into play it's not just uh

you know just based on what other blockchains and what their circulating Supply and fully diluted value is going

to it's it's just a comparison it's just a speculation just to have some sort of a benchmark to say what could be the

price of Apt when it launches and ah obviously there's this Burning of tokens that needs to be taken into account

there's vested Supply that needs to be taken into account which means that there are some tokens which are not

going to be released for the next 12 months and there are some tokens which are going to be released over a period

of four years there is also the concept of burning for the fees of the transactions that are going to happen on

the decentralized exchanges and D5 projects so there's a lot that needs to be taken into account where the supply

is going to reduce and thereby the price is also going to get affected but uh

the main uh point or the main issue is the is the initial Supply how is it being uh air dropped or how is it being

distributed to the uh the the people that's the question so uh 51 percent they are saying is going to go to the

community but a part of it is probably also going to go to you know the the investors like FDX and binance who are

probably going to get the large portion of the initial liquidity because they have been the biggest uh Venture

capitalists and there they are going to get a significant portion which means that they are going to be setting the

initial price as market makers and there will be a huge dump there will be a huge dump on the retail investors that will

happen in the initial days this is my expectation and like I said I posted this even before it got launched and

that's what probably happened as well I'll post you a small comparison of what happened in finance a few minutes later

but the problem with this launch is said it's not a fair price launch nobody knows what the the initial price is

going to be and people are going to buy it without having any clue exactly what happened with ship for example if you've

seen my wazirex uh if you've seen my episode on on ship how the price was sold for like 100 times the actual price

on wazirex and why the market makers were allowed to do that or were able to do that you will understand that's

exactly what is happening here as well because the market makers have got the initial liquidity nobody else can sell

it which means that they are going to set the price and the price is nowhere going to be in near the normal or actual

price that is going to happen after a few days or after the price settles down so the market makers being able to

control the price is going to be um you know chaos to start with at least so TLD are you know too long did not

read uh you know what's a summary you know buy or not buy so personal opinion like I said I posted it before the

launch happened I am not going to buy it I am not going to buy it first of all from your centralized exchange there is

going to be huge volatility and the hype and the massive swings and a token getting launched on all major exchanges

is always going to create a high people are going to buy in without having any knowledge about Aptos without even

knowing what Aptos as a token is doing they're going to buy it and Aptos is an L1 blockchain and there's more aimed on

decentralized finance because it is coming out with the big ecosystem of decentralized Finance so I'm not going

to buy it in a centralized section I'm going to wait for it to settle down wait for the decentralized exchange projects

to kick in wait for the D5 rewards to kick in and wait for the liquidity rewards to get can liquidity Mining and

all the D5 projects are going to determine what is the value of Aptos on the longer run so

um if I have mentioned before as well that I have already invested during the test net phase itself I have already

invested in some of the approx projects so in September for example I posted about C Shrine nft project which is

actually a project uh of ebis's bay which is a an nft uh Marketplace in the Chronos blockchain and EB is doing

really well in the Chronos blockchain and it is one of the leading nft marketplaces in the Kronos blockchain

and so they are their team is is a hugely respected team and you can rely on them so the the way to pick projects

in Applause is to be uh is to follow somebody who's already launched a project and who's got the

um who's got a benchmark set to compare against so you can actually go to csrin.io right now and you can they have

a unique minting mechanism where you can mint it on ethereum and they have proposed a path forward where you will

see that see it in in openc and you can transfer it from you can burn it in new ethereum and you can get it in the Aptos

which is kind of innovative the way that they proposed it obviously the the detailed mechanics are yet to be posted

again this is not a promotion of EB suspect this is an example of some of the projects that I have invested in

Aptos so if you can't use metamask what can you use Martian is one of the wallets a lot of Aptos wallets Martian

is a wallet that I use so if you click on martian.xyz and if you open the the wallet again it's very similar you can

enter a password and say that I am creating a new wallet and it will give you a 12 word recovery phrase that you

are aware of if you have already used a metamask like wallets and you note down this wallet and and you continue uh the

the easiest thing is it comes loaded with all the test net and the mainnet options so if you have actually once you

have created the wallet and you open the wallet like your meta mask or like any other you know D5 wallet you can

actually see if you list on the the blockchains you can actually see all the test net devnet main net already being

listed so it's a it's a very convenient way that you don't have to enter all the information and add the blockchain and

registering a new token is exactly similar in the end of the contract address and do that so if you followed

my videos from Memphis 24 you will know exactly how to operate using the the blockchain Aptos blockchain and do the

D5 here and finally just as I had predicted uh you can see the wild swing that happened

when the token got listed in binance you know it went up almost 59 and then it got dumped back to about seven dollars

or below seven dollars even though binance is showing 24 hour low of lower than that I think from a transaction

perspective I was only able to see that it went down to about 7.3 dollars so it it fell from like nearly 59 dollars

where the market makers listed it and it got dumped to the retail investors in 59.40.19 and now it's trading around 7.3

dollars and we probably need to wait and watch you know where it's going to settle down and like I said I'm going to

wait till the D5 projects kick in and then probably um see if it's worth investing in so

hopefully this was useful to you if you've been wondering what Aptos was you know it gave you some sort of a

background until next time thank you bye