Aptos In-depth Report Generated by AI - For further details, please review:

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1)What is APT?

Aptos (APT) is a cryptocurrency that functions on a Layer 1 Proof-of-Stake (PoS) blockchain. It is notable for using a novel smart contract programming language called Move, which is a Rust-based language developed independently by engineers from Meta's (formerly Facebook) Diem blockchain. This technology positions Aptos as a scalable layer 1 blockchain token. The introduction of Move as its programming language is a key aspect that differentiates Aptos from other blockchains.

2)Which sector does APT belong to?

Aptos (APT) belongs to the Layer 1 blockchain sector, which is a foundational layer in the blockchain technology stack. This sector includes blockchains like Ethereum, which is currently the top Layer 1 blockchain with a total value locked (TVL) of $23.0 billion as of October 2023. The top 10 Layer 1 blockchains collectively have 9.6 times more TVL than the top 10 Layer 2 blockchains, highlighting the significant role and value of Layer 1 blockchains in the overall blockchain ecosystem.

• The current situation in the Layer 1 sector, like the broader blockchain market, is marked by rapid growth despite challenges. For instance, the 'crypto winter' had dampened interest in cryptocurrency and underscored the need for regulation, yet the blockchain sector, including Layer 1 technologies, continues to advance.
• In terms of market size and growth prospects, the global blockchain technology market, which includes Layer 1 blockchains, was estimated at USD 10.02 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 87.7% from 2023 to 2030. Another report valued the market at USD 11.14 billion in 2022, projecting growth to USD 17.57 billion in 2023 and further to USD 469.49 billion by 2030, with a CAGR of 59.9% during the forecast period.
• This growth is driven by the escalating demand for secure and transparent transactions across various industries, leveraging the decentralized and immutable nature of blockchain technology. The market growth rate was expected to be 76% on average each year up to 2022, with projections for the market volume to increase to about $23.3 billion by 2023 and surpass $21 billion by the end of 2025.

3)What is tokenomics of APT (includes allocation and supply schedule)?

Token APT was launched in Feb 2022. The initial supply is 1 billion, the current circulation is 276 million, the circulation accounts for 27%, the market value is 1.9 billion US dollars, and the FDV is 7.4 billion US dollars. The token is currently close to its issuance price.

Token Allocation

Overall Supply and Launch Date: Aptos was launched on October 12, 2022, with an initial total supply of 1 billion APT tokens.

• Community: 51.02% of the total supply is allocated to the community.
• Core Contributors: 19.00% is allocated to core contributors.
• Foundation: 16.50% is allocated to the Aptos Foundation.
• Investors: 13.48% is allocated to investors.

Supply Schedule:

• Tokens held by private investors are subject to a 12-month lockup period.
• The circulating supply is 276,413,633 APT, with a locked supply of 790,622,142 APT. This means that 26.0% of the supply is unlocked, and 74.0% is locked.

Future Allocations:

• A specific future allocation includes 8,423,915.00 APT for investors, 1,333,333.33 APT for the Aptos Foundation, 11,875,000.00 APT for core contributors, and 3,210,144.60 APT for the community. This totals 24,842,392.93 APT scheduled for allocation on November 12, 2023.

4)What about the team and the investors of APT?

Team Behind APT

• Aptos was founded by Mo Shaikh and Avery Ching in 2021. Both Shaikh and Ching previously worked on Meta’s (formerly Facebook) blockchain project, Libra, which was later rebranded to Diem. Shaikh serves as the CEO of Aptos, while Ching is the CTO.
• Aptos Labs, the organization behind the Aptos blockchain, had 67 employees as of September 2022, primarily consisting of engineers. The team includes former employees from Solana, such as Austin Virts, the former Head of Marketing at Solana.
• According to the official website, the Aptos team comprises over 350 developers, including a mix of engineers, researchers, strategists, designers, and builders. This team is credited with developing technical innovations like the Move language, Move Prover, the BlockSTM parallel execution engine, and Narwhal and Bullshark consensus mechanisms.

Funding History

• Aptos is one of the best-funded blockchain projects. In March 2022, Aptos Labs raised $200 million in a funding round led by Andreessen Horowitz (a16z), FTX Ventures, Coinbase Ventures, and other significant players in the crypto industry.
• In July 2022, Aptos Labs raised an additional $150 million in a Series A funding round led by FTX Ventures. This brought the total capital raised to $350 million in 2022, valuing the platform at over $3 billion.
• Binance Labs has also made a strategic investment in Aptos Labs, with plans to use the funds for team expansion and the development of its innovative layer-1 infrastructure

5)What is the development history of APT?

List all important events and milestones in the development process of APT Aptos (APT), a layer1 blockchain, has undergone several significant developments and milestones since its inception:

• Conceptual Origin: Aptos is considered the conceptual successor of Meta’s now-abandoned Diem blockchain project. It was built using the Move programming language, focusing on scalability, reliability, safety, and upgradeability.
• Funding Achievements: Before its mainnet launch, Aptos attracted considerable funding from investors. In July 2022, it raised $150 million in a Series A round led by FTX Ventures and Jump Crypto. Prior to that, it secured $200 million from several venture capital firms, including Tiger Global, Multicoin Capital, and a16z. Binance Labs also made a strategic investment in September 2022, pushing Aptos' valuation to $4 billion.
• Mainnet Launch and Token Distribution: The Aptos Mainnet, named “Aptos Autumn,” officially launched on October 12, 2022, with an initial token supply of 1 billion APT. The token distribution was as follows: 51.02% to the community, 19% to core contributors, 16.5% to the Aptos Foundation, and 13.48% to investors. Core contributors and investors have a four-year lockup on their tokens, starting from the mainnet launch date.
• Tokenomics and Incentive Plans: The Aptos Foundation holds 410 million tokens, to be released over 10 years. 125 million APT is initially available to support ecosystem projects, grants, and community growth initiatives, with a smaller portion (5 million APT) supporting the Aptos Foundation's own initiatives. Aptos Labs holds another 100 million tokens. Token rewards include a staking reward system, starting at a maximum annual rate of 7%, which declines annually to a lower bound of 3.25%. Transaction fees are currently burned, but this may change based on future governance decisions.

6)What is the progress and future roadmap of it?

Recent Developments and Future Plans

After its launch, the Aptos Foundation distributed over 20 million APT tokens to early users. Notable developments include the launch of the Aptos Names Service (ANS) for human-readable wallet addresses and the deployment of 11 decentralized finance protocols on the network. The total value locked (TVL) in Aptos increased significantly, reaching over $35 million. The Aptos NFT marketplace Topaz launched, accumulating $5.46 million in sales in its first week. Furthermore, AdaSwap, a decentralized exchange for Cardano, announced Aptos as its first cross-chain network, expected to launch on November 28th

7)List all important links related to APT

Here is a list of important links related to Aptos (APT):

Aptos Labs Official Website:

https://aptoslabs.com/

Aptos Documentation:

https://aptos.dev/

Aptos Explorer:

https://explorer.aptoslabs.com/

Petra Wallet:

https://petra.app/

Blog:

https://aptoslabs.com/6

Whitepaper:

https://aptos.dev/12

GitHub:

https://github.com/15

Discord:

https://discord.com/16

Twitter:

https://twitter.com/17

Medium:

https://aptoslabs.medium.com/18

LinkedIn:

https://www.linkedin.com/19

8)Bullishness index for this token from the perspective of token valuation and future potential from Chatgpt 4

Current Price and Short-term Forecast:

• As of the latest update, the price of Aptos (APT) is around $7 USD.
• Short-term forecasts suggest a potential increase in value, with predictions of reaching $7.99 by December 01, 2023, indicating an increase of about 15.63%.
• Market sentiment for Aptos is mixed, with a bearish to bullish ratio of 69% to 31%.
• Monthly price predictions for the next few months indicate a gradual increase, with the average price in May 2023 potentially reaching around $8.82, representing an 18.2% increase from the current price.

Long-term Predictions:

• By the end of 2023, the price could reach as high as $25.47, and potentially $117.13 by the end of 2030.
• Another analysis predicts an average price of $9.86 by the end of 2023, with a potential high of $14.5 in a bullish market.
• A more bullish prediction suggests prices ranging from $17.378 to $27.48 in 2023, and even reaching $40 within the year. The bearish prediction for 2023 is $1.0181.
• Changelly's analysis forecasts potential growth, but with a fluctuating trend, and a price range of $6.13 to $7.99 for December 2023.