Summary of Aptos Review: APT Any Potential?! This You NEED To Know!!

00:00:00 - 00:25:00

Aptos is a blockchain company that has raised over $350 million from various crypto VCs. The video discusses some potential issues with Aptos, including the possibility that team members or the Aptos Foundation may fake a high tvl, that Tortuga is the only way that apt holders can currently delegate to validators, and that the minimum and maximum stake for validators is unclear. It also points out that there is no slashing risk for misbehavior, and that there are only 20 DAPs currently running on Aptos. The video concludes that while Aptos has lots of Milestones ahead of it, the price action is mostly driven by speculation at this point.

• 00:00:00 APTOS is a new crypto project that raised over $350 million from various crypto VCs. Many questions remain about the project, including where it came from, who is behind it, and its potential future. This video is an overview of APTOS based on publicly available information.
• 00:05:00 Aptos is a blockchain company that has raised two rounds of funding totaling $200 million. FTX Ventures led the most recent round. FTX's investment signals strong confidence in the project, and may have made binance nervous. Aptos is similar to another blockchain project, DM, in that it aims to unite web 2 and web 3. Aptos also uses a delegated proof-of-stake blockchain, similar to Bitcoin and Ethereum, which makes it difficult to scale.
• 00:10:00 Aptos is a blockchain company that is able to process up to 4,200 transactions per second. The company also has its own move virtual machine for smart contracts, which is one of the reasons why binance invested in it. The third thing to note is that the tokens on the Aptos blockchain are called coins.
• 00:15:00 Aptos Labs allocated 51% of the initial supply of APT to the community, 20 million of which was airdropped to early testnet users. The remaining 125 million was allocated to the community, 20 million of which was set aside for the Aptos Foundation. The vesting schedule for these entities can be seen here. Late 2023 is when the big vesting cliffs will begin.
• 00:20:00 The video discusses some potential issues with Aptos, including the possibility that team members or the Aptos Foundation may fake a high tvl, that Tortuga is the only way that apt holders can currently delegate to validators, and that the minimum and maximum stake for validators is unclear. It also points out that there is no slashing risk for misbehavior, and that there are only 20 DAPs currently running on Aptos. The video concludes that while Aptos has lots of Milestones ahead of it, the price action is mostly driven by speculation at this point.
• 00:25:00 The author of this YouTube video believes that there are several concerns that need to be addressed with Aptos, including the lack of transparency around the tokenomics of the APT coin, the lack of information about the tokens and nfts on the Aptos blockchain, and the lack of information about which crypto wallets belong to Aptos Labs and the Aptos Foundation. He also believes that the Extreme Centralization of Aptos may lead to its downfall.