Cryptocurrency

Internet Computer 2.0 expected as Aptos detractors relish Binance futures listing

Zegex

Against the wishes of AptSteam, binance It plans to list APT perpetual contract products on October 19 with up to 25x leverage, according to the company. Wu Blockchain.

OKX Join Binance and offer similar products that will be published on the same day. Perpetual contracts allow both longs and shorts.

Following its recent debut, the controversial Aptos project has been criticized for underwhelming scalability performance and poor tokenonomic transparency.

Additionally, some have called it a โ€œdiem offshoot,โ€ as co-founder and CEO Mo Shaikh worked on the Meta project, which was doomed to shut down earlier this year.

March, Aptos secured $200 million A funding round led by a16z with participation from Tiger Global, Katie Haun, Multicoin Capital, FTX Ventures, Coinbase Ventures, Binance Labs and PayPal Ventures. The round set the company’s valuation at his $2 billion.

Some in the cryptocurrency community predict that Aptos will follow the same path as other VC-backed projects that had private insider pre-sales, but this is down. The most relevant modern example is the Internet computer.

What happened to the Internet Computer (ICP)?

In May 2021, the Swiss-based The DFINITY Foundation launched Internet Computer (ICP), which surged through the market capitalization rankings. the 4th Only 4 days after release.

Despite the sudden and shocking debut, the project has been on the move ever since. 2016The peak ICP price is $700 Market capitalization is $18.5 billion.

The platform’s goal was to extend Internet capabilities by eliminating centralized servers and traditional cloud services. Instead, apps run without fixed addresses through blockchain infrastructure in independent data centers.

the project is backed With leading VC firms such as Polychain Capital, Andreessen Horowitz (a16z), CoinFund, Multicoin Capital and Greycroft Partners.

A private sale held in August 2018 yielded $97 million at $4 per ICP token, accounting for just under 5% of the initial supply.

After peaking in May 2021, a sharp sell-off followed, likely due to insiders offloading cheaply acquired tokens. The ICP is currently priced at $4.94, down 99.3% from its all-time high.

internet computer chart
sauce: ICPUSD on CoinGecko.com

Crypto community predicts Aptos to follow suit

The initial token supply of Aptos tokens at launch will be Billionof which 190 million was distributed to core developers, the Aptos Foundation, and private investors.

Aptos says private investors and current major contributors are holding the token for a four-year lock-in period. This provision prevents insiders from dumping their tokens for a quick profit.

Nonetheless, some expect the price of APT to fall in the same way as ICP. social media comments Indication of short.

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