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Binance to List Aptos (APT) Following Mainnet Launch

Aptos (APT), the much-awaited layer-1 blockchain, finally launched its mainnet on October 17, after four years of technical development and millions of dollars in funding. This transpired after an investment of multiple millions of dollars had been made.

At the time that Aptos’ native token, APT, was made available for the first time on the mainnet on Monday, there were a total of one billion of them available. Among these, 510 million tokens were issued to the community, 190 million tokens were distributed to core developers, and the remaining tokens were donated to the Aptos Foundation and private investors.

After the Aptos mainnet, many of the most prominent cryptocurrency exchanges, including Binance, FTX, Coinbase, Huobi, and OKX, announced they would begin listing APT coins. However, no tokenomics have been given by Aptos yet.

Binance’s Take on Aptos:

A recent announcement by Binance, the world’s largest cryptocurrency exchange, stated that the platform would include three spot trading pairs for Aptos tokens. These trading pairs will be referred to as APT/BTC, APT/BUSD, and APT/USDT, respectively.

The platform officially stated that;

“Binance will list Aptos (APT) and will open trading for these spot trading pairs at 2022-10-19 01:00 (UTC).”

One day following the listing, the exchange also stated that users would be able to begin withdrawing APT one day later, on October 20, at 1:00 UTC. 

In the same vein as Binance, another well-known exchange, FTX, has announced that it would support Aptos. The APT spot market will be listed on the exchange, and the trading pairs will comprise APT/USD and APT/USDT. According to FTX, the opening of deposits and withdrawals will occur on October 18 at 1 pm (UTC). In addition, the biggest exchanges, such as Coinbase, Huobi, and OKX, have all stated that they would be listing Aptos (APT).

Aptos (APT) Overview:

Aptos is a proof-of-stake (PoS) Layer 1 blockchain that bases its decentralized application (dApp) development on the Move programming language and Moves virtual machine (MoveVM). APT is the native token for governance, validator staking, and network fee payments.

Aptos, a newly released blockchain that uses proof-of-stake (PoS) technology, was developed by engineers who formerly worked on Meta. Aptos Labs, founded to carry out the project, was successfully raising hundreds of millions of dollars in 2022, including $150 million in a Series A round conducted in July.

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