The highly anticipated Aptos, a VC supported layer 1 solution, was born out of the ashes of Meta's disbanded Diem project and launched its main network on Monday. Its native cryptocurrency APT will now debut on the market. However, some of these exchanges are launching another APT product. The following is a detailed report of relevant content.

Binance, FTX and OKX said that they will launch the APT perpetual contract one hour after the token starts trading.

Perpetual contracts are futures contracts that allow investors to bet on the price changes of underlying assets. Shorting assets means that investors believe that prices will fall. Being long on assets means investors are betting that their prices will rise. Since its launch on Monday, Aptos has faced fierce criticism against the project and its early investors.

One of the biggest sticking points is that the project team has been waiting to release information about token distribution, because it has been leaked online. However, once the news got out, 51% of the initial 1 billion APT supplies were in the hands of VC and another 190 million APIT core developers, and hot topics continued to emerge.

This is why the introduction of perpetual options immediately after the token listing caused a lot of panic. Because of all the negative emotions surrounding APT and its token economics, the open positions of option contracts betting on emerging tokens may become a real-time indicator, indicating how many people expect or support the failure of the project.

For standard futures contracts, maturity and settlement occur periodically. This is true for all types of markets, from commodities, securities and cryptocurrencies. For example, Zhishang's micro Bitcoin and Ethereum options expire weekly and monthly. This means that investors can bet on the price activities of BTC and ETH in weeks or months.

However, the perpetual option contract has no expiry date. It gives investors who buy it the right to buy or sell a specific amount of underlying assets at a price they choose.

On Tuesday morning, Cryptocurrency reporter Colin Wu said on Twitter that the Aptos team has been trying to persuade the Aptos investor, Yen An, to wait two weeks to launch its permanent APT contract, presumably to avoid short selling and downward pressure on prices.. However, Wu did not provide any evidence or sources for his claim. As time went by, FTX and OKX announced that they planned to launch their own perpetual contracts with CIVA at the same time.

The main Aptos blockchain network was launched last night, but the long-awaited debut was not without challenges.

Mo Shaikh, co-founder of Aptos, wrote on Twitter: It's exciting to finally bring Aptos into the main network. Acknowledge that it could have been better. In terms of technology, Shaikh explained that the origin of Aptos took place on October 12, 2022. There are 102 verifiers to protect the network. These verifiers have passed extensive tests before the main network,. Before the release of the main network, Aptos had an amazing 130000 transactions per second (TPS), but it was reported that the transaction speed was 7 TPS per second at the time of release, which was lower than the Bitcoin blockchain.

Shaikh said that low TPS does not represent the capacity of the network. The network was idle before the project went online, and said that the number of transactions per second should increase with the increase of activities.

Then, Shaikh turned his attention to the issue of token economics of Aptos, which caused quite a lot of problems and concerns after its release. Shaikh said that Aptos tokens are "designed with people at the core" and released a chart listing the distribution of four types of tokens and the percentage and quantity of initial tokens that each token will receive.

He explained that many tokens, including those allocated to the community, had pledged the foundation category since the creation of Aptos., Each person who subsequently pledges will receive a proportionate pledge reward (about 7% per year), which will be unlocked every 30 days.

ending

Concerned about the temporary unavailability of the channel in the Aptos Discard server, Shaikh said that the service has been muted to protect the community. Due to a large number of frauds, most projects will mute the channel, and community safety is the top priority. Shaikh said that despite the difficulties encountered during the release, several applications will be launched in the next few days. It is very difficult to build a decentralized agreement from scratch, but Aptos is lucky to have an excellent community that continues to develop together.