As a seasoned crypto investor with over a decade of experience in this dynamic industry, I find myself consistently drawn to opportunities that not only promise growth potential but also align with my values and support the broader Web3 community. The recent partnership between Bybit, a trusted exchange, and Aptos, an innovative scalable Layer-1 blockchain, is one such opportunity that truly excites me.
Bybit, the cryptocurrency exchange ranked second in trading volume, has teamed up with Aptos, a robust Layer-1 blockchain, to offer an exclusive airdrop aimed at Web3 innovators and fans.
18,000 APT tokens are available through the airdrop happening on Bybit’s Airdrop Arcade, which is part of their mission to nurture creativity and support the growing Web3 community by providing opportunities for participation.
The airdrop will highlight collaborations from notable projects within the Aptos community, such as Panora Exchange, Balance, Merkle Trade, SuperV Labs, Aries Markets, Amnis Finance, and Guiinu. It provides attendees with an opportunity to interact with these projects and discover their distinctive features.
Emily Bao, Head of Spot Market and Web3 at Bybit, expressed enthusiasm about the partnership:
Through this collaboration, we’re uniting some of the most innovative Web3 initiatives, offering an exciting opportunity for our community to interact significantly with the Aptos network.
Prior to a substantial $109 million release of tokens on the Aptos network, there will be an airdrop. This airdrop includes $38.4 million allocated for core contributors, $31 million set aside for the community, approximately $13 million earmarked for the Foundation, and $27.2 million intended for investors, as per data from Tokenomist.
The lock-up mechanism will increase the current circulation of Aptos’ tokens, and this event is scheduled for November 11. Aptos is a high-scalability Layer-1 blockchain developed using the Move programming language.
In the Aptos system, the APT token, with a total of one billion units, plays several roles. These include covering transaction costs across the network, motivating validators via staking, and giving the community the ability to engage in on-chain decision-making processes.
Established in 2021, Aptos Labs is a company co-founded by Mo Shaikh and Avery Ching. Their expertise stems from their work on Meta’s Diem blockchain initiative.
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2024-11-08 15:15