Aptos is the re-incarnation of Facebook's Diem, and has started trading with tokenomics not even released yet. It is a VC fest to dump on retail. Stay away

The latest hyped up blockchain to launch Aptos has done so without even its tokenomics being available to the public. Exchanges have started trading this when traders dont even know how much percentage of the supply is trading, what are the unlock schedules, who are the main VCs holding it etc.

Aptos did not have any public sale, or community distribution, instead its entire supply has been handed out to VCs via multiple funding round where they bought in for cheap. Now they are desperate for returns in this bear market, and have forced exchanges to add it. Yet, even exchanges dont know the tokenomics.

FTX: At the time of writing, Aptos tokenomics has not yet been released. But thats no worry, go ahead buy this and provide the exit liquidity that VCs are desperately looking for

Launching the token on multiple top exchanges without even the tokenomics out yet... can it get more shadier than this? FTX themselves are an investor into Aptos, but are happy to facilitate VCs cashing out.

Safe to say, its just VCs looking for that bear market 50x and will happily dump these coins on retail who will FOMO in based on the hype. When CMC adds this with a $8bn market cap and in the top 10-20 places, they are hoping retail will start buying in and the insiders can unload their bags.

Apparently there are around 1 billion Aptos coins in total, but there is no information on who holds these, where the coins in distribution are coming from etc. Somehow, a bunch of coins are in circulation and they can be bought on exchanges.

Infamously, Aptos is the remnants of Facebook's blockchain project which was shut down by regulators. The same Diem team has now apparently independent from Facebook and has raised funds from several VCs and launched their own token.

This is the chart of ICP - the last VC pumped coin that was dumped shamelessly on retail. It went from $650 to $5 now.

Apparently Aptos had some launch issues as well.

So they closed down their community channels, but claim they did so to protect community.

If they were serious about "protecting community", they would atleast consider publishing the tokenomics before enabling trading on their token lmao.

But they know their "community" is the exit liquidity

Update: Oh wow, after just the ENTIRE crypto community united to call this rubbish out, they finally put out a tokenomics article out.

And as per the tokenomics,

51% goes to \"community\",19% to core contributors, 16.5% to Foundation, 13% to Investors

But of the 51% allocated for "community":

Most again go to foundation and and their own lab.

Aptos' community = their own foundation and labs LMAO