Today we will dive deeper into the Aptos Launch world. Let's start with the short story about what Web3.0 is and why it is important to stay tuned.
Web3.0 is a vision of the next stage of Internet technology, based on the principles of decentralization, permissionless, and using incentives and economic mechanisms. And nowadays it seems to be like Web2.0 in the early 00’s - it is about our future.
Now let’s go back to the main theme of our article. You’ll learn the basic things about the first decentralized launchpad based on the Aptos network – AptosLaunch. Why was Aptos blockchain chosen to build the project? The answer is on the surface: it is fast (it can process 130,000 transactions per second (TPS) and maintains safety and reliability.
AptosLaunch is a next-generation blockchain, offering financial privacy and security for the global Peer-to-Peer (P2P) lending ecosystem. AptosLaunch is engineered from the ground up to empower Aptos project owners (both Token and NFT), with a strategically customized token launch model, time period, accepted token types, and auction algorithms. And one of the main ideas is to power up Aptos Web3.0 economy. And realizing the fact that the main driving force for Web3.0 and its economy is Community and Decentralization, Aptoslaunch wants to take care of those, who are engaged in launchpads, by offering a unique combined rewards distribution for all who participate and has tokens. And one more important thing about AptosLaunch is that it was designed to cater to everyone's risk appetite and guarantee the safety of IDOs participant's capital because AptosLaunch is thinking and trying to be mindful of the Community, that takes huge financial risks by participating in IDOs.
All of that was created to attract people and projects to take part in IDOs feeling more comfortable and safe. And one more feature of AptosLaunch is that the tokens during the IDO will be issued fully autonomous and decentralized using smart contracts.
So having all this cool stuff on board it’s obvious that projects on AptosLaunch will grow and raise their liquidity fast and safely.
What is the usage and profit off it for the usual crypto-addicted people? We’ll discover it in the next article about participating in launchpads. Come in next time and you’ll find more useful information about the AptosLaunch.
But before that, let me briefly explain what AptosLaunch is for those who came here for the first time and are unfamiliar with this actual project. So AptosLaunch is a next-generation blockchain, offering financial privacy and security for the global Peer-to-Peer (P2P) lending ecosystem. AptosLaunch is engineered from the ground up to empower Aptos project owners (both Token and NFT), with a strategically customized token launch model, time period, accepted token types, and auction algorithms. And one of the main ideas is to power up Aptos Web3.0 economy. And for that purpose, the ALT token has been created. It’s the only Utility Token for the AptosLaunch ecosystem. Holding that tokens at the moment when some project launches on the launchpad will give some kind of reward to a holder. And the amount of that reward will depend on the number of tokens in the hold. Below you’ll see a list of activities, which will give benefits for holders:
One more thing that has to be mentioned about the AptosLaunch is that it is designed to provide a fair, transparent, and decentralized system of token allocation according to what every participant will get his benefit.
In general, max supply of the AptosLaunch Token is 100,000,000, which will be allocated in a next way and the next terms. For the seed, the round supply will be 15% of the total amount or 15,000,000 tokens. 25% of it will be vested on Token Generation Event (NGE) with 6 months cliff and 15% unlock per month. For the Private round, supply is supposed to be 20% (20,000,000 tokens): 30% on TGE, 6 months cliff, and 14% unlock per month. Allocation for the liquidity management vesting will be fully released at TGE ad will be 8,000,000 or 8%. The ecosystem vesting will be over 24 months with a total supply of 34% (34,000,000 ALT tokens). And the last two allocations left: founding team (10%/10,000,000 tokens with 9 months cliff and 1/15 unlock/moths) and 10% (10,000,000 tokens) for the treasury with unlocking after 12 months.
A simplified diagram of the allocation is here:
So, as we can see now, this system of allocation is smart and fair enough and covers the interests of the whole community. And it definitely will serve the main goal of its creation – to empower not only the Aptos ecosystem, but the whole Web3.0 universe.
How to join an AptosLaunch and participate in launchpads?