Bullish
Aptos Foundation locks 210 million APT tokens, reducing circulating supply by 37%
In a strategic move to strengthen its tokenomics, the Aptos Foundation has committed to permanently staking 210 million APT tokens, representing approximately 37% of its holdings at mainnet launch. This decision aims to reduce the circulating supply and support the network's long-term stability.
Key points
- The Aptos Foundation's commitment to permanently staking 210 million APT tokens is expected to decrease the circulating supply, potentially increasing scarcity and value.
- The foundation's operations will be supported by the staking rewards generated from these tokens, rather than selling the locked tokens themselves.
- Aptos stated that more updates will be released in the future and has synchronized a complete update on the token economics.
Sources
AI-generated from public news sources. Not financial advice.
