Aptos has been widely critiqued as one of the most disappointing launches of the year. The blockchain, which was designed by former Facebook employees who had previously worked on the Diem project, has come under a lot of scrutiny for being heavily VC-backed and without much substance.
Is Aptos the worst launch of 2022?
Aptos is quite possibly one of the worst projects to have launched this year, and there are a multitude of reasons for this.
Firstly, the coin is highly centralised, with over 80% of the entire supply owned by insiders. This is not particularly surprising given the number of venture capitalists that wanted to invest in the project, but it remains quite astonishing given that one of the core focuses of the cryptocurrency industry is on decentralisation.
The illusion of decentralisation in the Aptos blockchain is astonishing, with even fewer validators than other highly-centralised blockchains like Solana.
Secondly, much of the technology that underlies that Aptos blockchain has been completely over hyped, to the extent that it transpired some of the claims made by the founders were completely fraudulent. For example, Aptos was supposed to be able to process over 100,000 transactions per second, but it now appears that the blockchain can only process four.
Aptos is broken.
Aptos launched today – October 17, 2022 at 14:22:40
However, Aptos is currently has a lower tps than Bitcoin and a majority of tokens are either staked or ready to be dumped on retail investors.
Curious? Thread Below
— Paradigm Engineer #420 (@ParadigmEng420) October 17, 2022
Nobody can predict the future of markets, but competition in the space of Turing complete blockchains is high, and Aptos could eventually reach a fair valuation of close to zero.
D2T gives traders the tools they need
Fortunately, there are some projects that are providing utility to holders and a range of benefits for the cryptocurrency ecosystem more generally.
Dash 2 Trade is a brand new trading and crypto signals platform that makes it easy for traders to gauge the markets by using a range of different tooling.
The RobotEra metaverse continues to gain traction
RobotEra’s presale is currently live and has continued to gain traction over the past few days, now having raised over $120k for their robot-themed metaverse.
The RobotEra metaverse is tailored for communities to grow within it, showcase their NFTs, build robot cities and earn rewards in the TARO token for their gaming.
As well as being the native currency for the metaverse, the TARO token can also be used as a governance token for RobotEra, since the project will be turning into a DAO in order to better utilise the hive mind of the community.
Relevant news:
- Will Sam Bankman-Fried be Going to Prison for Securities Laws Violations?
- Aptos Price Prediction – This Coin Might be as Cheap as it Gets Now, Should You Invest?
- Aptos Price Prediction – Can APT 2x to Reach $10 This Year?
Dash 2 Trade - New Gate.io Listing
- Also Listed on Bitmart, Changelly, LBank, Uniswap
- Collaborative Trading Platform Token
- Featured in Bitcoinist, Cointelegraph
- Solid Proof Audited, CoinSniper KYC Verified
- Trading Community of 70,000+ Members